oil prices

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Can Greece and China Drop Oil Back to $50?

News of a market correction in China and a possible exit of Greece from the eurozone after a series of defaults pressured oil by over 2% to $58.37. A series ...
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oil-jack-pumps

Major Oil Short Interest Gaining Momentum

The short interest data have been released for the June 15 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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Chesapeake Loses One of Its Biggest Bulls

Chesapeake Energy Corp. (NYSE: CHK) is under fire by analysts. Oppenheimer is downgrading this oil company due to its growing losses and its cash flow deficit. The firm is also ...
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Gulfport Announces Pricing for Secondary Offering

Gulfport Energy Corp. (NASDAQ: GPOR) is in the process of raising capital for its shale operations. The company plans to go about this is through a secondary offering. The company ...
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Railroad Oil Tank Cars

Short Sellers Become Very Selective in Big Oil Stocks

The short interest data have been released for the May 29 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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oil storage terminal

Why the Government Is Adding to Strategic Petroleum Reserve

In the week ending May 29, the United States added 499,000 barrels of crude to the nation’s Strategic Petroleum Reserve (SPR), bringing the total to 692.346 million barrels. Since the ...
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Exxon Mobil Logo

Will Exxon Continue to Drag Down the Dow?

So far this year, Chevron Corp. (NYSE: CVX) and Exxon Mobil Corp. (NYSE: XOM) shareholders have seen their share prices decline 8.13% and 7.96%, respectively, making them the fifth and ...
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Why the Stars Are Still Aligned Against SandRidge

SandRidge Energy Inc. (NYSE: SD) has been doing what it can to remain either viable on its own and to remain relevant to investors. It is likely too soon to warn about ...
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Oil spill

Short Sellers Run for Cover in Major Oil Stocks

The short interest data have been released for the May 15 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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Oil Tanker

Why a Key Analyst Sees Weakness in Near-Term Oil

Oil prices have surged over the past couple of months, pushing near the $60 mark at this point. Companies, sectors and countries alike that were benefiting from lower oil prices ...
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Oil drilling rig

Are North Dakota Oil Rig Counts Signaling a Trough Is Near … or Here?

Is it possible that the never-ending rig count decline is ending in North Dakota? There could be good news headed the way of companies like Whiting Petroleum Corp. (NYSE: WLL), ...
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Offshore drill rig

Crude Oil Drops 3% on Strong Dollar, Offshore Drillers Drop More

Equities have been getting pummeled on the first day of trading after the long Memorial Day weekend, and the energy sector is taking the heaviest beating, down about 2% in ...
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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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