oil prices

gas sign

Gas Prices Jump Above $3 in 7 States

Just ahead of the Memorial Day weekend, one of the periods when Americans are on the road in the greatest numbers, gasoline prices have moved above $3 in seven states. ...
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Venezuela Flag

Venezuela Economy by the Numbers

Huge oil reserves. A totalitarian government. Ridiculous inflation. People who cannot find healthy food. Venezuela in 2015 -- an economy, and in some ways a country, falling apart. CNBC experts ...
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As Oil Forecasts Go Lower, an Expected $675 Annual Pay Raise per Household

The U.S. Energy Information Administration (EIA) has now lowered its expectations on oil prices and its production forecast in 2015 and 2016. The move may not be a shock to ...
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Oil spill

Short Sellers Worry That the Bottom in Oil Has Been Seen

The short interest data have been released for the April 30 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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bakken map

Bakken Formation Still Has 6 Billion Barrels of Oil

How much recoverable oil does the Bakken Formation have? The most recent estimate of proved reserves is just under 6 billion barrels for the entire Williston Basin, which includes the ...
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oil rig

4 Oil Service Stocks to Buy as Rig Count Continues to Plunge

It never fails, the minute that the game is called “officially over” on Wall Street, then you know it is time to buy. As oil broke above the $60 mark, ...
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Shell Port Arthur TX refinery

What to Expect From Occidental and Chesapeake Earnings

A couple of major oil and gas companies are set to report their earnings Wednesday: Occidental Petroleum Corp. (NYSE: OXY) and Chesapeake Energy Corp. (NYSE: CHK). Occidental will report its ...
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Gas pipeline

Even After the Pop, Why Golar LNG Could Rise Another 30%

As it looks like oil and natural gas prices may have bottomed out, some companies are looking to take advantage and set a strong pace for growth going forward. Golar ...
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Gas can

Gas Jumps Above $3 in 4 States

The increase in the price of oil has begun to affect gasoline prices. The average cost for a gallon of regular has reached $2.62, up from $2.41. The higher price pushed gas above $3 ...
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Drilling rig

Is Civeo Back From the Dead?

The last time 24/7 Wall St. checked in on Civeo Corp. (NYSE: CVEO) in March, we were worried that the company might have been doomed. The fourth-quarter earnings that the ...
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Will a Lighter Loss at Whiting Rekindle Buyout Hopes

Whiting Petroleum Corp. (NYSE: WLL) reported its first-quarter financial results Wednesday after the markets closed. The company had a net loss of $0.23 per share on $529.2 million in revenue ...
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oil rig

What to Expect From Exxon and Chevron Earnings

Exxon Mobile Corp. (NYSE: XOM) will release its first-quarter financial results Thursday before the markets open. Thomson Reuters has consensus estimates of $0.82 in earnings per share (EPS) on $53.15 ...
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Oil spill

Short Sellers Back Off as Oil Prices Rise

The short interest data have been released for the tax day settlement date (April 15). It just so happens that some of the latest short interest readings for major oil ...
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oil rig

Why Schlumberger Will Fire 11,000

The announcement was simple and came as a part of Schlumberger Ltd.'s (NYSE: SLB) terrible first-quarter earnings announcement. The carnage of layoffs continues across the oil industry due to low crude ...
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Gas Can

Gas Moves Back Toward $3

Gasoline prices, based on the average for a gallon of regular, were $3.67 nationwide a year ago. In some parts of the country, including California, the price was closer to ...
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