ThinkstockIt was only a matter of time. In the wake of the 1973 OPEC oil embargo, the U.S. enacted a law in 1975 that prohibits (with minor exceptions) exporting U.S. crude oil.…
Adrian Pingstone, via Wikimedia CommonsU.S. crude production has grown beyond expectations in 2013, accelerating in the second half of this year at most key plays around the country, particularly Bakken, Eagle Ford…
courtesy BP plcU.S. crude oil refiners’ stocks are surging Friday following the release of the International Energy Agency’s (IEA) October Oil Market Report. U.S. refinery throughput in September led to the agency…
Jon OggInvestors and traders alike are stuck trying to determine what to do with their stocks during a government shutdown and ahead of the debt ceiling debate. Each morning 24/7 Wall St.…
ThinkstockToday’s U.S. gasoline pump prices are at their lowest point since the end of January. At a national average of $3.40 a gallon, the price has dropped by $0.19 a gallon since…
ThinkstockShould you chase short sellers, particularly in the energy business? That is what you have to ask yourself after a Credit Suisse report on the sector. Oil has remained above $100 a…
Jon OggVolatility in the stock market is back and interest has risen handily from the lows. Now investors are looking for ideas for stocks they should buy, as well as which stocks…
ThinkstockWith the increasing likelihood of a U.S.-led military intervention in Syria, the oil markets have become volatile. Brent prices rose to as high as $117 a barrel last week. The price strength…
ThinkstockWith the S&P 500 trading at near record highs, and the internals starting to look a little wobbly, it is important to be very careful in picking stocks now. Goldman Sachs market…
ThinkstockEach of the independent refiners to report second-quarter earnings so far have shown year-over-year declines, reflective of a sluggish demand environment, rapidly compressing crude differentials and escalating renewable identification number (RIN) costs.…
August 2, 2013: U.S. equity markets opened lower this morning following a mixed report on U.S. employment. The monthly report on personal income and outlays was also a mixed bag, with core…
Jon OggIt is Friday and the markets have another monthly employment report to absorb, but Wall Street analysts also have many research calls that have been made. 24/7 Wall St. reviews many…
ThinkstockCrude oil refiners have taken some heavy hits in the past couple of months. Because the cost of crude contributes about 65% to the price of gasoline, gas prices have remained high,…
ThinkstockCrude oil refiner Marathon Petroleum Corp. (NYSE: MPC) announced a cut to its second-quarter earnings estimates well after markets closed last night. Late last week the country’s largest refiner, Valero Energy Corp.…
ThinkstockWhen supermajor oil companies like Royal Dutch Shell PLC (NYSE: RDS-A) pick a new chief executive officer, the new appointment virtually always comes from the upstream exploration and production side of the…
