Bank of America Merrill Lynch is cutting its expectations on the S&P 500 Index, and therefore ultimately on the SDPR S&P 500 (NYSEMKT: SPY)i n its Macro/Investment Strategies call. Today’s downgrade was on…
The government of Norway has ended a 16-day strike against offshore oil and gas producers and killed the threat of an industry lockout that was set to begin at midnight last night.…
An association representing oil companies working on Norway’s continental shelf is preparing for a lockout against striking workers beginning at midnight tonight. If the lockout is enforced, about 6,500 workers will be…
At a meeting in New York this morning, Exxon Mobil Corp. (NYSE: XOM) CEO Rex Tillerson said that his company is “losing our shirts” on natural gas production. Did he just notice…
Can the markets rise two days in a row anymore? That is what we are looking for in the daily charts review. We are tracking the daily buy/sell pivot points on the SPDR…
A major supplier of the engines and transmissions that drive the hydraulic fracturing (fracking) at US oil and gas wells announced this morning that it is reducing its second quarter and full…
The US Department of Interior’s Bureau of Ocean Energy Management (BOEM) yesterday held a lease sale for 39 million acres of US outer continental shelf open for development. The total of all…
Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, has been one painful oil stock for investors. In some cases, the ride has been even worse than the wealth destruction brought on by oil…
As tensions rise among Iraqi Kurds in the country’s north, Sunnis in the south and the Shi’ite-led government in Baghdad over the distribution of natural resources, Turkey is setting its sights on…
Douglas A. McIntyre Based on early geological studies, Poland was believed to be sitting on about 187 trillion cubic feet of natural gas locked up in the same kinds of shale formations that have yielded…
It has been almost exactly two years since Exxon Mobil Corp. (NYSE: XOM) completed its $31 billion merger with XTO Energy to create the largest natural gas company in the US. Exxon’s…
When Delta Air Lines Co. (NYSE: DAL) agreed to buy an oil refinery from Phillips 66 (NYSE: PSX), the transaction underscored a shift that has been taking place in refinery ownership. Pure…
The US Energy Information Administration today reported the US natural gas stocks rose by a total of 67 billion cubic feet, below the 73 billion cubic feet increase that analysts had expected.…
In December 2011, before the spin-off of Phillips 66 (NYSE: PSX) from ConocoPhillips (NYSE: COP), Conoco was believed to be trying to sell its 247,000 barrel/day Belle Chase, Louisiana, refinery for $700…
The US Energy Information Administration today reported the US natural gas stocks rose by a total of 62 billion cubic feet, considerably above the 53-57 billion cubic feet increase that analysts had…
