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.
24/7 Wall St. saw eight energy sector analyst upgrades and positive research calls last week that stood out among the sector calls.
As oil prices have rebounded, so has the share price of the world's largest energy company. The stock of Exxon Mobil has risen more than 15%.
In the week ended May 27, the number of rigs drilling for oil in the United States fell to 316, according to the Baker Hughes North American Rotary Rig Count.
As the price for a barrel of crude oil continues to threaten $50, exploration and production companies remain unconvinced that it will rise beyond that level and stay there long enough to inspire them…
Hercules Offshore has announced that it reached a restructuring support agreement with the lenders holding about 99% of its first-lien debt.
The EIA reported Thursday morning that U.S. natural gas stocks increased by 71 billion cubic feet for the week ending May 20.
A new Deutsche Bank research report is cautiously optimistic on the second half of 2016, and four energy MLPs were cited as the firm's top picks.
The U.S. Energy Information Administration said that U.S. commercial crude inventories decreased by more than 4 million barrels last week.
The May 13 short interest data have been compared with the previous figures, and short interest for most of the selected oil stocks decreased.
Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on May 13.
U.S. crude oil production is expected to drop by about 1 million barrels a day between the end of the first quarter of 2016 and the third quarter of 2017.
Parsley Energy has upsized its secondary offering, and three analysts have hiked their price targets for the stock.
Less than two weeks after cancelling contracts for two ultra-deepwater drill ships, Freeport-McMoRan announced late Monday that it has cancelled a third one.
On Sunday, Israeli Prime Minister Benjamin Netanyahu approved a deal that he and members of his ruling coalition hope will get the ball rolling on developing a huge offshore natural gas field.
