oil and gas

Blue flames of a gas stove

Natural Gas Inventory Posts Another Weekly Gain, Prices Remain Low

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 90 billion cubic feet for the week ending July 18. Natural gas futures prices ...
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153715598

Gasoline Prices Stay Low Even as Crude Supply Falls

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4 million barrels last week, maintaining a total U.S. commercial ...
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oil rig

Transocean Partners Submits IPO Filing

Transocean Partners LLC, a spin-off from Transocean Ltd. (NYSE: RIG), has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of 17.5 million common ...
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Oil Tanker

As Russia’s Isolation Grows, Oil Companies Caught in Middle

By Nicholas Cunningham of Oilprice.com The confrontation between Russia and the West took a turn for the worse with the downing of a Malaysian airliner on July 17, and that ...
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Offshore drill rig

Obama Administration OKs Oil & Gas Searches Off Atlantic Coast

Saying that the status quo does not meet the “need for action,” the U.S. Bureau of Ocean Energy Management (BOEM) on Friday issued a decision on what the agency will ...
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Blue flames of gas stove

Natural Gas Inventory Gain Grows, but Still Way Behind Averages

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 107 billion cubic feet for the week ending July 11, compared with an expected ...
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crude oil prices

Deutsche Bank Says Strong Earnings Can Drive Top Oil Service Stock Picks

Despite West Texas Intermediate (WTI) finally poking its nose briefly below $100 a barrel after what seems an eternity, one thing remains a steady constant in the oil services sector. ...
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Drilling Rig

Baker Hughes Grows Earnings Outside North America

Baker Hughes Inc. (NYSE: BHI) reported second-quarter results before markets opened Thursday morning. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $0.92 on revenues ...
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153715598

Gasoline Prices Drop Below Last Year’s Level as Crude Supply Falls

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 7.5 million barrels last week, maintaining a total U.S. commercial ...
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Drilling Rig

Looking for the Next Oil Boom? Follow the Tech

By James Stafford of Oilprice.com Much larger than Eagle Ford and once thought to have reached peak production, new technology has brought us full circle back to the Permian Basin ...
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refilling the car

Gasoline Prices Hit 3-Month Low, Fall Below $3.50 in 13 States

Monday’s national average price for a gallon of gas fell to $3.614, down from $3.617 on Sunday and $3.655 a week ago. The 4-cent drop pushed prices to their lowest ...
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crude oil prices

6 Top Energy Stocks Likely to Beat Earnings Estimates

This week the landslide of second-quarter earnings results will start pouring in, and many on Wall Street are expecting some solid numbers across the board. One sector that has had ...
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Merger

Whiting Becomes Biggest Bakken Shale Player With Buyout of Kodiak

Savings and scale appear to be the primary reasons behind the impending merger of Kodiak Oil & Gas Corp. (NYSE: KOG) and Whiting Petroleum Corp. (NYSE: WLL). The two exploration ...
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oil rig and tanker

IEA Reports Global Oil Demand to Rise

An improving global economic forecast for 2015 has led to projected demand growth for crude oil of 1.4 million barrels a day. That was up from estimated growth of 1.2 ...
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Blue flames of a gas stove

Natural Gas Inventory Increases Slow Down

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 93 billion cubic feet for the week ending July 4. That compared with an ...
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