Summer Gas Prices Forecast at $2.04 a Gallon
U.S. drivers can expect to gasoline prices this summer to average about 22% less than last year, according to the U.S. Energy Information Administration.
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Short Interest Continues to Back Off 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 Take a Breather on Solar, Alt Energy Stocks
Solar and alt energy short sellers appear to have taken a breather in the two-week period to March 31.
Marathon Sells More Assets, Taking Toll to $1.3 Billion So Far in 2016
Marathon Oil Corporation (NYSE: MRO) is selling more assets. After the close of Monday’s trading, the company announced that it has signed agreements for the sale of certain non-core assets. The purchase/sale price was…
Is It Time to Be Cautious on Independent Refining Stocks?
Analysts at Credit Suisse on Monday cut their rating on Valero Energy to Neutral and maintained their $68 price target.
Chesapeake Energy Catches a Break on Loan Agreement
Oil and gas producer Chesapeake Energy announced Monday morning that it has amended the terms of its $4 billion revolving credit facility.
Gas Prices Down Slightly in Past Week
The average price across the United States for a gallon of regular gasoline slipped last week but remain near their highest levels since last November, according to GasBuddy.
4 Top Energy Sector Stocks to Buy for April
With the overall markets flat to slightly down for the year, and expectations dampened pretty well, the parade of earnings that starts this week may be able to to put some oomph into things…
National Oilwell Varco Slashes Dividend 90%
Oilfield services provider National Oilwell Varco announced Monday morning that the company is chopping its quarterly dividend.
Oil Rig Count Drops by 8, Hedge Funds Pile Up Short Positions
In the week ended April 8, the number of rigs drilling for oil in the United States dropped to 354, according to the latest Baker Hughes North American Rotary Rig Count.
Oil Surges Higher: 8 Reasons for the Huge Rally
If any commodity has proven to be volatile this year it is oil. On any given day crude spot prices can jump or sink big.
Chesapeake Energy Drilled 2015’s Biggest Monster Well
One of the reasons it has taken well over a year to slow U.S. onshore crude oil production is that producers are drilling more wells in locations where they are almost sure to get…
Natural Gas Price Holds Gain After Inventory Build
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks increased more than expected in the week ending April 1.
Chance for $1 Gas Disappears
The national average for a gallon of regular has surged to $2.04 recently. The chance that gas will be below $1 anywhere in the United States has disappeared.
Nomura Expects Some Profit-Taking on Chevron Stock
Nomura reiterated rating on Chevron stock as Neutral with a price target of $85, in the wake of news of a facility shout down.