Hedge Funds Added Long Positions Ahead of OPEC Meeting
The latest Commodity Futures Trading Commission weekly Commitments of Traders report indicates that hedge funds were paring their short positions in the futures market for WTI crude oil.
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Gas Prices Near $3 in California Cities
According to GasBuddy, the large city with the highest priced gas is San Francisco, where regular averages almost $3 per gallon.
If Crude Production Cuts Don’t Happen, Price Could Tumble $10 a Barrel
The price for crude Monday morning is about $46 a barrel, and where it goes from there depends on the outcome of a meeting of OPEC oil ministers scheduled for Wednesday in Vienna.
Analyst Has 4 Top Energy Stocks to Buy for a Possible OPEC Cut This Week
If OPEC does agree on production cuts, oil should see a pop in the spot price and the top companies in the sector could jump as well.
Why Short Interest in Solar Stocks Soared
Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on November 15.
Short Sellers Grow More Selective in Major Oil
The November 15 short interest data have been compared with the previous figures, and short interest for the selected oil stocks was ultimately mixed, although there were substantial moves.
Oil Rig Count Rises by 3; OPEC Supply Cut Talks Flounder
In the week ended November 23, the number of rigs drilling for oil in the United States totaled 474, up by 3 compared with the prior week and a total of 555 a year…
Saudi Arabia Pushes 2% Output Cut
The OPEC meeting on November 30 could result in a cut of nearly 2% to the world’s daily output if Saudi Arabia gets its way. The Saudis are pushing a cut to daily production…
Target, Walmart Lead Top 10 Adopters of Solar Energy
Solar energy adoption among large U.S. corporations has grown from a total installed base of 300 megawatts (MW) in 2012 to more than 1,000 MW this year. The total represents 16% of all non-residential…
Natural Gas Price Up 2% After Storage Report
The U.S. Energy Information Administration (EIA) reported Wednesday afternoon that U.S. natural gas stocks decreased by 2 billion cubic feet for the week ending November 18. Analysts were expecting a storage addition of about…
Crude Oil Price Creeps Up on Inventory Decline, Gasoline Build
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 1.3 million barrels last week, maintaining a total U.S. commercial crude inventory of 489…
US Oil Production Has Stabilized in Last 2 Months
In 2014 U.S. liquids production from shale and other tight plays in the Lower 48 rose by nearly 1.7 million barrels a day. In 2015 average growth had dropped to 1.16 million barrels a…
SeaDrill Clears Low Expectations Bar
Offshore drilling company SeaDrill Ltd. (NYSE: SDRL) posted third-quarter 2016 results before markets opened on Tuesday morning. The company posted adjusted diluted earnings per share (EPS) of $0.28 on revenues of $743 million. In…
Who Wins From Sunoco Logistics, Energy Transfer Partners Deal?
Sunoco Logistics LP (NYSE: SXL) and Energy Transfer Partners LP (NYSE: ETP) announced Monday morning that the two master limited partnerships (MLPs) have entered a merger agreement in an all-stock deal valued at $19.93…
Canadian Solar Earnings Aren’t Enough for Investors
Canadian Solar Inc. (NASDAQ: CSIQ) reported its third-quarter financial results before the markets opened on Monday. The company said that it had $0.29 in earnings per share (EPS) and $657.3 million in revenue. There…