Crude Oil Price Gains Dip Following Inventory Increase
U.S. commercial crude inventories increased by 2 million barrels last week, according to the U.S. Energy Information Administration.
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Merrill Lynch Has 3 Top Energy Stocks Rated Buy Yielding 4.5% or More
While investors in foreign companies may pay foreign taxes, these stocks make good sense for total return investors now.
Short Sellers Can’t Make Up Their Minds on Major Oil
With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest is now more important than ever to follow.
Short Sellers Picking Their Spots in Solar, Alt Energy Sectors
In the solar sector, two of the five companies we watch saw short interest drop, and one filed for bankruptcy. Two of four alt energy stocks also saw a decrease in short interest during…
US Q1 Oil Production Down 370,000 Barrels a Day
Crude oil production in the United States for the first three months of 2016 averaged 9.11 million barrels a day.
Freeport-McMoRan to Cut Jobs, Continue Asset Sales
Freeport-McMoRan reported better-than-expected first-quarter 2016 results before markets opened Tuesday morning.
BP Earnings Whacked by Low Crude Price, Gulf of Mexico Disaster
BP reported mixed first-quarter 2016 results and announced the quarterly dividend before markets opened Tuesday morning.
Gas Prices Move Toward $3 in San Franciso
It has been a long time since the price of an average gallon of regular gasoline topped $3 anywhere in the United States. The price is close to that in San Francisco.
Nabors Posts Huge Quarterly Loss on C&J Impairment
Nabors Industries Ltd. (NYSE: NBR) reported first-quarter 2016 results after markets closed Monday. For the quarter, the oilfield services company reported an adjusted diluted net loss per share of $1.41 on revenues of $430.8…
Gas Prices Move Up on Higher Demand
The average price across the United States for a gallon of regular gasoline last week rose two cents to $2.14. Diesel fuel prices also rose.
Despite Rally, UBS Only Likes 4 Large Cap Exploration and Production Energy Stocks
UBS has only four stocks in its U.S. large cap global oil exploration and production research universe that are rated Buy.
Halliburton Fires 6,000 People
Just how badly is the oil industry suffering? Halliburton's discussion of the past quarter makes that plain.
Oil Rig Count Drops by 8, Hedge Funds Dump More Short Contracts
In the week ended April 22, the number of rigs drilling for oil in the United States fell to 343, according to the Baker Hughes North American Rotary Rig Count.
Nomura Analysts Answer Investors’ Energy Questions
As Nomura's analysts state the case in a recent note before energy sector earnings start rolling in, energy markets are headed in the right direction now, just not in a straight line.
No Oil Production Cuts From Russia, Saudi Arabia
An International Energy Agency expert told CNBC on Friday that the world's two largest producers, Russia and Saudi Arabia, are expected to pump "as much oil as possible."