Energy sector analysts at BofA/Merrill Lynch have raised their rating on Exxon and Noble Energy and lowered their ratings on five other oil & gas industry firms.
The U.S. Energy Information Administration reported this morning that crude oil inventories dropped by more than 5 million barrels last week and gasoline inventories by 200,000 barrels. Crude oil prices rose after the report.
Short interest in solar stocks rose in the two-week period to April 28 and increased on 3 of 4 alternative energy stocks.
The April 28 short interest data have been compared with the previous figures, and short interest moves for the selected oil stocks were mixed.
The US Energy Information Administration releases its Short-Term Energy Outlook for May Tuesday, estimating the US crude oil production will reach nearly 10 million barrels a day in 2017.
Fuel cell maker Plug Power missed analysts estimates for first-quarter earnings and revenues, but the company reiterated previous fiscal year guidance after signing deals with Amazon and Carrefour.
The price for an average gallon of regular has dropped below $2 in some parts of the United States. In other areas, the price is barely a few pennies higher.
Despite the crude oil production cuts from OPEC and its partners, global oil inventories are not falling quickly and long-term crude oil futures contracts are now declining as well.
Vine Resources has filed an amended Form S-1 with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). There were no pricing details listed in this filing, but the offering…
The national average price for a gallon of regular gasoline Monday morning was $2.302, down more than 4 cents a gallon week over week, and down nearly 8 cents compared with a month ago.
A new research report from the energy team at SunTrust Robinson Humphrey identifies 5 solid leverage/liquidity stocks that could benefit most from rising crude oil prices.
10 OPEC members maintained April crude oil production at March levels and for the first four months of the production cuts, the cartel is just 5% above its agreed daily quota of 32.5 million…
Anadarko Petroleum's share price has dropped more than 15% since an explosion near one of its wells in Colorado killed two people and severely injured another.
Chesapeake Energy stock is being pummeled after reporting better-than-expected earnings and revenues. Production fell, though, and capex was higher than expected.
The EIA reported Thursday morning that U.S. natural gas stocks increased more than expected for the week ending April 28.
