The U.S. Energy Information Administration (EIA) on Monday released its May report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is projected to decline by…
Gold, copper and oil producer Freeport-McMoRan Inc. (NYSE: FCX) traded as much as 10% higher Monday morning, and it is likely due to a confluence of modest improvements rather than a single big booster.…
In Lake Buena Vista, Fla., gasoline cost as high as $5.99 a gallon. That may seem high, but there other locations around the country where the price of gas is at or above $5…
As the price of oil continues to batter the finances of exporting countries, Moody's downgraded petroleum power house Saudi Arabia, which not long ago was among the most financially stable countries in the world.
In the week ended May 13, the number of rigs drilling for oil in the United States fell to 318, according to the Baker Hughes North American Rotary Rig Count.
Deutsche Bank analysts think it’s clear that at $50 a barrel, hedging and activity starts to increase, and they favor four companies for a continued moderate recovery in the energy sector.
Chesapeake Energy announced Thursday morning that it had agreed to issue more than 28 million shares of common stock in exchange for $153 million in outstanding debt.