Crude Oil Prices Jumps to $49 Following Inventory Report
The U.S. commercial crude inventory fell by more than 6 million barrels last week, according to the U.S. Energy Information Administration. Prices rose more than 1% following the report.
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Natural Gas Price Dips on Larger-Than-Expected Inventory Rise
U.S. natural gas stockpiles rose by 81 billion cubic feet last week, a larger-than-expected increase in the country's inventory. Prices that had been slipping since last Friday continued their slide.
How Much Could Energen Fetch in a Buyout?
Shares of Energen saw a handy gain on Wednesday after the hedge fund Corvex Management announced a stake in the company and called for a potential sale.
Crude Prices Tumble Ahead of US Inventory Report
WTI crude for July delivery traded down more than 3.5% early Wednesday as traders remain skeptical that global supply-demand balance is in the cards even with the recently announced nine-month extension to the OPEC-led…
Goldman Sachs Downgrade Highlights Weakness for Whiting, Hess, Cimarex
Goldman Sachs has soured on several exploration and production players in the oil and gas space, downgrading multiple companies in the sector.
Kinder Morgan Canada’s $1.3 Billion IPO Done and Dusted
Kinder Morgan successfully completed the Toronto Stock Exchange IPO of its Kinder Morgan Canada subsidiary, raising $1.3 billion to get the firm started on the construction of an expanded Trans Mountain pipeline from Alberta…
What Analysts Are Saying About Antero Midstream After the Quiet Period
Antero Midstream G.P. closed its initial public offering earlier this month, and now its quiet period has come to an end.
Ensco, Atwood in $839 Million Offshore Driller Merger
Offshore drilling firms Enscoand Atwood Oceanics announced Tuesday morning a definitive merger agreement valued at about $839 million.
Kinder Morgan Files for Canadian IPO
Kinder Morgan has filed for an IPO of its Kinder Morgan Canada Ltd. subsidiary at an offering price of $C17 per share to raise C$1.75 billion. The IPO is expected to be completed by…
OPEC Oil Production Cuts vs US Production Growth a Stalemate?
U.S. oil producers have a giant backlog of drilled but uncompleted oil and gas wells that promises to keep U.S. production levels high for the rest of the year, and maybe longer.
Gas Prices Drop to $2 in Some Parts of US
In several states, gasoline prices have dropped close to $2 for an average gallon of regular. And in some areas of these states, the price is already below that level.
Natural Gas Price Dips Following Large Storage Increase
U.S. stockpiles of natural gas in storage rose by 75 billion cubic feet last week, more than analysts had forecast. That has caused the price to pull back slightly.
Short Sellers Hike Bets on Major Oil Stocks
The May 15 short interest data have been compared with the previous figures, and short interest for most of the selected oil stocks increased.
Short Sellers Walking Away From Solar, Piling Into Alt Energy Stocks
For the short interest reporting period ending May 15, short interest dropped on two of three solar makers and rose on all four alternative fuel companies we track.
Crude Oil Prices Dip as Inventories Shrink
The U.S. commercial inventory of crude oil fell by more than 4 million barrels last week and gasoline inventories also slipped. Pump prices have not moved much, however, as refinery production remains high.