oil and gas

Oil Barrels

Crude Oil Price Rises on Modest Addition to Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning. U.S. commercial crude inventories increased by 600,000 barrels last week, maintaining a total U.S. commercial crude ...
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Blue Flame

Natural Gas Price Bounces Higher After Inventory Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 89 billion cubic feet for the week ending February 17. Analysts were expecting a ...
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Nat Gas Field

Does Chesapeake Energy’s Adjusted Profit Signal a Turnaround at Last?

Chesapeake Energy Corp. (NYSE: CHK) reported fourth-quarter and full-year 2016 earnings before markets opened Thursday. For the quarter, the oil and gas exploration and production company posted adjusted earnings per share ...
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oil tanks

The Other Shoe Drops: Exxon Cuts Reserves Total by 20%

You can't say you weren't warned. After markets closed on Wednesday, Exxon Mobil Corp. (NYSE: XOM) announced that its proved reserves total at the end of 2016 amounted to 20 ...
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Facebook corporate

Facebook’s Market Value Passes Exxon’s

Earlier this month, the market value of Facebook Inc. (NASDAQ: FB) surged past that of Exxon Mobil Corp. (NYSE: XOM) to push the social media giant to sixth in the rankings ...
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ThinkstockPhotos-488849483

Natural Gas Inventory Posts Small Drawdown, Price Slips to YTD Low

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 114 billion cubic feet for the week ending February 10. Analysts were expecting a ...
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Oil Barrels

Crude Oil Price Dips on Record Inventory Levels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 9.5 million barrels last week, maintaining a total U.S. commercial ...
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fracking

RBC Has 4 Top Oil Services Stocks to Buy as Sector Rally Matures

If you were buying oil services this time last year, you had either years of experience in the sector, were a deep value investor with a very long time line, ...
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fracking drilling

EIA: Drilling Productivity to Climb 80,000 Barrels a Day in March

The U.S. Energy Information Administration (EIA) on Monday released its February report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is ...
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Shell Station

High-Yield Oil Stocks May Be Best Way to Play the Sector Now

Even though the worst is probably long since over for the oil industries, and it appears that the OPEC cuts are being implemented, the price of oil has doubled in a ...
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ThinkstockPhotos-479358058

Exxon Mobil Is the Biggest Dow Loser of 2017

After closing just shy of $91 a share on the first day of trading in 2017, Exxon Mobil Corp. (NYSE: XOM) stock closed Friday nearly 8.6% below that number. The ...
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Petrobras

Why S&P Raised Rating on Petrobras and Still Stays Cautious on the Company

Credit rating agency Standard & Poor's on Friday raised its corporate credit rating on Petroleo Brasileiro S.A. (NYSE: PBR), commonly known as Petrobras, one notch, from B+ to BB-. The ...
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oil tanker

Oil Rig Count Rises by 8, Hedge Funds Went Net Short Last Week

In the week ended February 10, 2017, the number of rigs drilling for oil in the United States totaled 591, up by eight compared with the prior week and up 152 compared ...
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oil tanker

Short Sellers Run for Cover From Major Oil

Since Trump has taken the White House, crude oil has been trading above $50, and it seems to have solidified at this price level, which is a step in the ...
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LNG tanker

Merrill Lynch Has 4 Stocks Rated Buy With Yields of 8% and More

Despite the constant threat of interest rate hikes, yields continue to hover at the same levels they were at right after the election. People continue to buy the Treasury market ...
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