More Than 50% of Gas Stations Without Fuel in Florida Metro Areas After Irma
More than 50% of the gas stations in seven metropolitan areas in Florida were without fuel, a consequence of the disruptive force of Hurricane Irma.
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Trolling for Cash, BP Files for Pipeline IPO
BP's U.S. subsidiary on Monday filed for an IPO of its U.S. midstream assets. The company is looking to raise $100 million in the IPO.
Florida Gas Prices Top $2.70
Gas prices in certain areas of Florida have surged above $2.70 for an average gallon of regular. At some stations, the prices are much higher. Although local officials have taken steps to stop stations…
Oil Rig Count Drops by 3, Total Rigs Now Up 436 Year Over Year
The number of onshore U.S. rigs drilling for oil onshore fell by three this week and the number of rigs drilling for natural gas rose by four.
TransCanada Asks for Delay on New Pipeline Projects
TransCanada has requested a 30-day suspension of the Canadian government's review of its proposed eastbound pipeline projects from Alberta. But is the Keystone XL pipeline going to replace the projects?
Crude Oil Price Barely Blinks Following EIA Inventory Report
U.S. stockpiles of crude oil rose more than expected in the storm-tossed week following tropical storm Harvey's devastating attack on Texas. Refined product stockpiles dropped, but no enough to move gasoline prices higher.
Natural Gas Price Flat After Addition to Storage
Last week's addition to the U.S. natural gas inventory came in at an expected 65 billion cubic feet, according to the U.S. Energy Information Administration.
Texas Oil & Gas Industry Recovering From Harvey
Oil & gas production, refining, and transportation are resuming in south and east Texas as floodwaters recede and facilities are checked for damage. Here's the latest rundown on progress.
Average Gas Prices Rise Above $2 In Every State
Just a few weeks ago, several states had gas prices at or below $2. That is no longer the case as prices in the states with the least expensive average price for a gallon…
SunTrust Says Use Storm Weakness to Buy These Top Energy Stocks
With the combined recent drop in oil pricing, plus the potential for continued near-term weakness as a result of the storm, any sector sell-off could be a solid buying opportunity.
Energy Industry Coming Back From Harvey
Now that tropical storm Harvey has moved on, oil refineries in Texas can begin to prepare to restart operations. This is not an instantaneous process, however, and could take a few weeks to get…
Natural Gas Price Ticks Down on Storage Addition
The U.S. natural gas stockpile rose by 30 billion cubic feet last week, just above the consensus estimate of 29 billion cubic feet. Prices dipped slightly on the report.
Robust Natural Gas Demand Could Be Huge for 4 Top Stocks
While oil prices have been range-bound for much of this year, the interesting area that many energy investors are turning their attention to is natural gas, and with good reason.
Harvey, Labor Day Holiday Could Push US Gasoline Prices Higher
Gasoline shortages that can be attributed to tropical storm Harvey will begin to appear in other parts of the United States by Friday, pushing pump prices higher as the Labor Day holiday weekend begins.
Crude Oil Price Sinks as Inventory Drop Is Offset by Gasoline Stockpile
Crude oil inventories dropped last week, ahead of the major impact from tropical storm Harvey, but gasoline inventory levels are keeping pressure on crude prices. That could change when next week's report is released.