Many on Wall Street are confident that 2017 will be another banner year for the Permian basin in West Texas. The oil industry and investors alike are looking to the region to provide volume…
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.
According to GasBuddy, the large city with the highest priced gas is San Francisco, where regular averages almost $3 per gallon.
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.
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.
Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on November 15.
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.
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…
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…
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…
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…
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…
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…
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…
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…
