oil prices

Oil spill

Oil Price Collapse Hurting Some More Than Others

By Nick Cunningham of Oilprice.com U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending ...
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What to Expect From Halliburton and Baker Hughes Earnings

Leading oilfield services companies Baker Hughes Inc. (NYSE: BHI) and Halliburton Co. (NYSE: HAL) are both scheduled to report their fourth-quarter results Tuesday before the U.S. markets open. This comes ...
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The Only State With $3 Gas

The average price for a gallon of regular gasoline in the United States is $2.07, down from $3.30 a year ago. The state with the lowest gas price is Missouri ...
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Oil and Gas, Gold Lead Markets Higher on Friday

The International Energy Agency (IEA) released its January Oil Market Report Friday morning and cut its estimate for oil demand growth 2015 by 350,000 barrels a day, from 1.3 million ...
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Houston Ship Channel

Lower Oil Prices and the Initial Impact on Houston

If there is one major city in the United States that doesn't want oil to remain at or under $50 per barrel for very long, it has to be Houston, ...
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Crude Oil Drops Below $45

Crude oil prices, over $100 as recently as last summer, have dropped below $44. Among the reasons given for the collapse are the slowing of the global economy. Recession or ...
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Gas Prices Below $1.75 in 4 Cities

Forget the price of gasoline falling below $2. In four American cities, the average price of a gallon of regular has dropped below $1.75. Enough cities have prices just above ...
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Oil drilling rig

Why Credit Suisse Says Not to Buy Oil Service Stocks, Yet …

In the view of Credit Suisse, now is not the time to buy oilfield services (OFS) stocks because the downside risk is too great. The firm further detailed in the ...
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Oil pumpjack

Oil Prices Race Toward $20

Weeks ago, oil priced at less than $50 a barrel was unimaginable. Today, a price of $20 draws the same immense skepticism. However, there are some justifications for oil prices ...
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Drilling rig

Can Civeo Weather the Storm of Low Oil?

Civeo Corp. (NYSE: CVEO) has announced that due to the fall in oil prices it has cut its 2015 guidance and suspended its dividend. The company also stated late Monday that ...
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Ruby Pipeline laying

Merrill Lynch’s Top MLP Picks for 2015

Merrill Lynch is reevaluating its position on a few master limited partnerships (MLPs) as it transfers coverage to analyst John Abbot from Nitin Kumar. Year to date, Merrill Lynch’s upstream ...
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Is Suspending Canadian Drilling the Right Move for Chevron?

Chevron Corp. (NYSE: CVX) announced Wednesday evening that it would abandon its plans to drill in the Arctic. The company released this information in a letter sent directly to Canada’ ...
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Gas pipeline

Rice MidStream Sets Price for IPO

Rice Energy Inc. (NYSE: RICE) has announced the pricing of the Rice Midstream Partners L.P. initial public offering. The offering will consist of 25 million common units with an overallotment ...
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Oil Tanker

Why Oil Is Being Hurt by US, and Why Oil Goes Back Up in 2015

Trying to peg the bottom in oil is quite simply a guessing game. Still, with the gyrations and price swings, some investors have to wonder if the worst has been ...
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Railroad Oil Tank Cars

What This Bounce in Major Oil Giants Means

Oil did not start Tuesday on a good note, but it did make a strong recovery, and that is reflected in the stock prices of some major oil companies. Crude oil ...
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