If the energy giants can't make a profit in the oil sands, why do TransCanada, the Canadian government and the Trump administration want to revisit former President Obama's decision to kill the…
U.S. natural gas inventories declined by a slightly larger-than-expected amount last week. With colder weather ahead, demand should prop up prices for the week ahead.
Caterpillar, Chevron, Exxon, and Verizon led the DJIA lower on Thursday.
The United States added more than 8 million barrels of crude oil to commercial inventories last week, while gasoline and distillate inventories dropped by more than 9 million barrels combined.
Exxon Mobil Corp. remains the Dow Jones Industrial Average's worst performing stock of 2017, but the stock came back a little last week.
Paul Ausick The U.S. natural gas inventory rose last week, a startlingly unusual occurrence in the middle of winter. Prices dipped a bit on the report, but have already traded down more than 25%…
OPEC compliance with production cuts rose to 94% in February. That and a lower-than-expected addition to U.S. inventories boosted crude prices modestly Wednesday morning.
The February 15 short interest data have been compared with the previous figures, and short interest moves for the selected oil stocks were mixed.
At times, analysts have favored Exxon Mobil over Chevron, but that just is not the case as February comes to a close.
Down more than 10% since the beginning of the year, Exxon Mobil is the worst performing Dow Jones Industrial Average stock in 2017.
Paul Ausick Goldman Sachs, JPMorgan, Exxon Mobil, and Chevron weighed on the DJIA Friday.
US crude oil inventories increased by 600,000 barrels last week, while gasoline stockpiles fell by 2.6 million barrels. Crude prices rose slightly on the report.
US natural gas inventories fell by 89 billion cubic feet, near the low end of the expected draw. Prices for April delivery are moving higher.
Exxon Mobil reported total proved reserves of 20 billion barrels, down by nearly 20% year over year.
Paul Ausick Facebook has passed Exxon Mobil to become the sixth-most valuable US company and its growth trajectory is still positive while Exxon may face further diminution of the value of its energy reserves.
