EIA Says May Crude Production Down 1 Million Barrels a Day
In its latest update to its Short Term Energy Outlook, the EIA raised its average summer driving season price for a gallon of regular gasoline by 2.7%.
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What to Look for in FuelCell Earnings
FuelCell Energy is scheduled to release its fiscal second-quarter financial results after the markets close on Wednesday.
Is Oil or Natural Gas Driving Chesapeake Stock?
Shares of beleaguered Chesapeake Energy traded up nearly 8% late Monday morning, and the rise in crude oil prices probably will get most of the credit.
Gas Prices Rise Sharply in Midwest on Refinery Outage
The region where prices have risen the most in the past week is the Midwest, where an outage at Marathon's Detroit refinery raised prices sharply in the Chicago wholesale market.
What $50 Oil Means
Last Friday's rig count report from Baker Hughes showed the first meaningful gain in the number of U.S. onshore rigs since last August.
Merrill Lynch Says Permian Basin Oil Stocks Best for Growth: 3 to Buy Now
In a new research report, Merrill Lynch says the region that is best prepared to return to growth given current productivity gains is the Permian Basin in West Texas.
Hercules Offshore Files Prepackaged Bankruptcy
Monday morning Hercules Offshore filed voluntary petitions with the bankruptcy court for protection under Chapter 11 of the bankruptcy code.
8 Big Oil and Gas Analyst Upgrades and Downgrades Too Big to Ignore
24/7 Wall St. has identified several standout analyst calls in the energy patch from the week ending June 3, including on Exxon Mobil.
Oil Rig Count Jumped by 9 Last Week, Hedge Funds Can’t Decide Direction
In the week ended June 3, the number of rigs drilling for oil in the United States grew to 325, according to the Baker Hughes North American Rotary Rig Count.
Kinder Morgan Gets Go-Ahead for LNG Project
Kinder Morgan has reported that two subsidiaries have received authorization from the Federal Energy Regulatory Commission (FERC) to proceed with the Elba Liquefaction Project near Savannah, Ga.
Crude Oil Price Narrows Daily Loss After Inventory Report
U.S. commercial crude inventories decreased by 1.4 million barrels last week, maintaining a total U.S. commercial crude inventory of 535.7 million barrels.
Natural Gas Price Ticks Up Following Storage Report
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks increased less than expected for the week ending May 27.
Why Merrill Lynch Is Dumping Exxon Mobil to Favor Yield
Merrill Lynch analyst Doug Leggate has shifted his focus from top dividend payers among this group to "yield" stocks.
Gas Prices Near $3 in California
Of the 20 U.S. cities where gas prices are highest, 17 are in California. Over 13 million people who can expect to be among the first in the country to $3 for a gallon…
As Oil Supply Remains Tight, Jefferies Has 4 Energy Stocks to Buy Now
It is entirely possible the oil prices could stay range bound the rest of this year, but at least at the higher levels currently being printed some companies are starting to make money again.