Gas Expected To Drop Below $2, Again
The U.S. Energy Information Administration expects the price of gas to plunge to $1.99 a gallon in October, for regular grade. Further, the EIA expects it to remain below that level through February of…
Energy
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EIA Outlook: New Forecast Shows Higher US Crude Production, Lower Pump Prices Ahead
The U.S. Energy Information Administration (EIA) on Tuesday released the latest update to its Short Term Energy Outlook (STEO). The agency lowered its average summer driving season price for a gallon of regular gasoline…
What to Expect From SolarCity Earnings
Shares of SolarCity were on the rise ahead of its earnings after Elon Musk and Tesla Motors announced their intentions to acquire the company.
Why Oppenheimer Sees Vivint Solar Shares Rising Over 100%
Solar power companies have had an interesting ride in so far in 2016. Despite so many woes, one solar installations company is being featured as a company in which the shares could more than…
OPEC Statement Lifts Crude Prices
While OPEC no longer wields the same power over global oil markets it had 40 years ago, it can still make some noise when it wants to.
What Analysts Are Saying About Chesapeake Energy After Earnings
When Chesapeake Energy reported second-quarter earnings last Thursday, the energy producer wanted to focus on the continuing improvement in its balance sheet.
Fracking Makes Big Comeback as Drilling Rises
Horizontal drilling and fracking technology has improved a lot in the past few years, and that has driven production costs lower.
Oil Rig Count Up by 7 Last Week, Hedge Funds Scooping Up Short Contracts
In the week ended August 5, the number of rigs drilling for oil in the United States rose to 381, according to the Baker Hughes North American Rotary Rig Count.
Energy Industry Job Cuts Hit 195,000
The oil industry has shed more than 195,000 jobs, and if the price of crude stays below $40 a barrel, the trend may continue.
Another Reason Chevron Might Be Selling Asian Assets
Chevron may be shopping Asian assets worth up to $5 billion as the company tries to raise cash in the current, seemingly endless period of low crude oil prices.
How Analysts Are Changing Their Views on First Solar After Earnings
First Solar is generally considered the leader of the U.S. solar power sector. That lead may come into question after a large drop in its shares after its earnings report.
Natural Gas Price Rises Following Unusual Storage Withdrawal
U.S. natural gas stocks decreased by 6 billion cubic feet last week, when analysts were expecting a storage addition of around 2 billion cubic feet.
How Long Can Chesapeake’s Balance Sheet Trump Profits?
Chesapeake Energy reported disappointing second-quarter 2016 results before markets opened Thursday morning.
Bakken Pipeline Project Acquires New Partners, Potential Shipper
Before Wednesday morning's announcement, the Bakken Pipeline project had been a joint venture between Energy Transfer Partners and Sunoco Logistics Partners.
Crude Oil Price Plunges, Then Bounces on Storage Report
U.S. commercial crude inventories increased by less than 1.5 million barrels last week, according to the U.S. Energy Information Administration.