EIA Forecasts Rising Production, Slightly Higher Pump Prices
The U.S. Energy Information Administration has increased its estimate of U.S. crude oil production for both this year and next by about 200,000 barrels a day.
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Why Credit Suisse Sees Strong Upside From Enterprise Products Partners
One key analyst has taken a rather bullish perspective on Enterprise Products Partners ahead of its analysts' conference.
How Analysts View Weatherford’s New CEO
Oilfield services company Weatherford has hired former Halliburton CFO as its new CEO, replacing Bernard J. Duroc-Danner who left the Swiss-based firm in November.
Lack of Investment Poses Risk of Sharp Increase in Oil Price
The International Energy Agency (IEA) fears that decreased investment in exploration for new sources of crude threaten to drive prices much higher unless new projects are approved and begun soon.
Gas Hits $3 in California
Amid news that gasoline prices will rise in coming weeks, the price of a gallon of regular, on average, has hit $3 in California.
Gas Prices Expected to Rise in Next Several Weeks
The retail pump price for a gallon of regular gas rose three cents in the past week, and higher prices are in store for U.S. drivers over the next several weeks.
Exxon Mobil Dow’s Biggest Loser To-Date in 2017
Exxon Mobil Corp. remains the Dow Jones Industrial Average's worst performing stock of 2017, but the stock came back a little last week.
Jefferies Cuts 2017 Natural Gas Price Forecast, Changes Ratings on Producers
Analysts at Jefferies recently changed their ratings, price targets and earnings estimates for a number of oil and gas exploration and production companies. The firm also cut its estimated 2017 price for natural gas.
Oil Rig Count Rises by 7, Hedge Funds Reverse Course, Add Short Positions
The U.S. onshore rig count increased by two last week as the nation's producers added seven oil rigs and lost five natural gas rigs. Crude prices dropped by less than 2% last week.
Natural Gas Price Dips Following Unusual Winter Inventory Increase
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% for the…
Crude Oil Inches Up on Inventory Report, Improved Compliance on OPEC Cuts
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.
Energy Producers Heavy Into This Red-Hot Product Could Go Much Higher
Baird points out that the natural gas liquids silo of the energy sector proved to be the bright spot in fourth-quarter results. These four stocks have big upside and solid NGL production.
Short Sellers Can’t Make Up Their Minds on Major Oil
The February 15 short interest data have been compared with the previous figures, and short interest moves for the selected oil stocks were mixed.
Investors Mixed on Short Interest Direction for Solar, Alternative Energy Stocks
Short interest changes in solar and alternative fuel stocks was mixed over the past two weeks. Sunpower and Pacific Ethanol saw the biggest increases in short interest during the period.
Gas Prices Remain Low Even as Maintenance Slows Refineries
U.S. gasoline pump prices have remained steady for the past three weeks. But maintenance season is getting into full swing now, so price hikes are likely to start soon.