Gasoline Prices Up Sharply on Strong Demand
Gas prices rose sharply last week as inventory drawdowns, a pipeline issue, and surprisingly strong demand all added to the increase.
Gas prices rose sharply last week as inventory drawdowns, a pipeline issue, and surprisingly strong demand all added to the increase.
Oilfield services firm Baker Hughes has announced a $3 billion share buyback program and an authorization from its board of directors to issue new debt.
The price of oil was solid this past week, and there were several upgrades or big upside price targets in oil and gas and in other energy-related stocks.
The number land-based U.S. oil rigs fell by eight in the current week according to the weekly report from Baker Hughes. Including rigs looking for natural gas the count was down by 11.
Two new reports, one from the United Kingdom and one due out later today from the United States, review the progress and remaining challenges in dealing with climate change.
With the price of oil finally appearing to be breaking out, and the possibility for continued production cuts for the OPEC nations a possibility, the energy outlook for 2018 is considerably brighter.
A new report indicates that the unsubsidized cost of solar and wind electricity generation continues to fall.
The EIA reported Thursday morning that U.S. natural gas stocks increased as much as analysts had expected for the week ending October 27.
Oil and gas producer Chesapeake Energy beat the consensus estimate for earnings but missed revenue estimates. But costs are rising and production is expected to be no better than flat year over year, so…
U.S. crude oil stockpiles fell by more than 2 million barrels, but exports rose to nearly equal that amount every day of the week. U.S. crude prices stumbled from gain of more than 1%…
CONSOL Energy is proceeding with its plan to split into two companies: one focused on coal and the other on natural gas. The spin-off is scheduled for mid-November.
Hydraulic fracturing services provider FTS International has amended its filing with the SEC regarding its initial public offering.
In a low-yield environment, the top MLPs are offering investors the best entry point since the spring of 2016. These four top stocks remain solid picks.
BP reported stronger third-quarter revenues and profits this morning and said that it will restart its share buyback program in the fourth quarter.
U.S. gasoline prices rose by less than a penny over the past week. Not much, but the first rise in seven weeks as refinery maintenance and surging exports reduce stockpiles.