EIA Outlook: Crude Prices Up, Gasoline Prices Down
The U.S. Energy Information Administration (EIA) on Tuesday released the latest update to its Short-Term Energy Outlook.
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High-Yield Bond Defaults Top $50 Billion to Date in 2016
The default rate on U.S. high-yield bonds rose to nearly 5% in the first half of 2016, with a total value of more than $50 billion.
Kinder Morgan: Why Credit Suisse’s Neutral Rating Sounds More Like a Buy
Credit Suisse's John Edwards reiterated his Neutral rating on Kinder Morgan but raised the price target on Tuesday, July 12.
OPEC Forecasts Higher Crude Oil Demand in 2017
In its Monthly Oil Market Report for July, OPEC noted that its price for its reference basket rose in June, a fifth consecutive month of rising prices.
13 American Gas Locations Have Prices Above $4
At a Shell station in Lake Buena Vista, Florida, a gallon of regular gas cost $5.99 Monday morning.
OPEC June Output Surges to 8-Year High
Platts reported Monday that OPEC production reached more than 32 million barrels a day in June, a level last achieved in August 2008.
Shale Play Rig Counts Hit Bottom in 1H 2016
Since the beginning of the year, the Baker Hughes U.S. rig count had fallen from 578 on January 8 to low of 404 in late May. Since then, U.S. producers have added 36 rigs…
Gas Prices Lower Every Day for Nearly a Month
The national average price for a gallon of regular gasoline fell 4.3 cents in the past week. Gas prices have declined for 29 consecutive days.
RBC Sees MLPs in a New Trading Range: 4 Top Picks Now
With some MLPs looking a little toppy after solid runs, these fou appear to be in a better valuation range and perhaps offer better downside protection.
Oil Rig Count Up by 10 Last Week, Hedge Funds Add to Short Positions
In the week ended July 8, the number of rigs drilling for oil in the United States rose to 351, according to the latest Baker Hughes North American Rotary Rig Count.
Are Kinder Morgan Shares a Value Play?
When Kinder Morgan slashed its annual dividend by 75% late last year, the sky fell on the stock price.
UBS Raises Oil and Natural Gas 2016 Price Targets: 3 High Yield MLPs to Buy
In a recent research report, UBS lifts their price targets significantly higher for both oil and natural gas, and needless to say, higher prices should mean more revenue for the top MLPs.
Crude Oil Price Tumbles Following Inventory Report
U.S. commercial crude inventories decreased by more than 2 million barrels last week, according to the U.S. Energy Information Administration.
Natural Gas Price Bounces Higher After Storage Report
The EIA reported Thursday morning that U.S. natural gas stocks increased by 39 billion cubic feet for the week ending July 1.
Enterprise Keeps Defying Outside MLP Gravity with Yet Another Distribution Hike
Enterprise Products Partners is the king of MLPs by size, even if revenue dropped in 2015 and even if revenues are expected to remain muted in 2016 and 2017.