Oil Rig Count Drops by 13, Hedge Funds Dump Short Positions
In the week ended February 19, the number of rigs drilling for oil in the United States totaled 400, according to the Baker Hughes North American Rotary Rig Count.
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5 Countries With the Highest Gas Prices
The price of a gallon of gasoline varies wildly around the world. Where it is most expensive is where it is heavily taxed, imported or both.
Arizona Gas Drops Toward $1.10, Helped by Tax
The price of a gallon of regular gasoline has dropped as low as $1.12 in Arizona. This is helped by the low state gas taxes and tariffs.
Offshore Driller Rowan Posts Big Earnings Beat
Rowan Companies reported better-than-expected fourth-quarter and full-year 2015 results before markets opened Friday morning.
5,000 More Layoffs Coming to Halliburton
News has broken on Thursday that Halliburton is laying off another 5,000 workers. This marks more than 20,000 Halliburton layoffs since the start of the oil drop.
Apache Cuts Capex by 60%, Beats Estimate for Net Loss
Apache reported fourth-quarter and full-year 2015 results before markets opened Thursday morning.
Gas Drops Below $1.15 in Arizona
A number of stations in Tucson selling a gallon of regular gasoline for $1.15 or less. hat is against a national average of about $1.71.
Short Interest in Solar, Alt Energy Stocks Moving Higher
Short interest among solar and alternative energy stocks mostly increased during the two-week reporting period that ended on February 12.
Major Oil Short Sellers Become More Selective
With oil prices slumping and global markets showing signs of weakness, short interest is now more important than ever to follow.
Whiting Slashes Capex, Suspends Bakken Fracking
Whiting Petroleum reported fourth-quarter and full-year 2015 results after markets closed Wednesday.
Crude Oil Price Ticks Higher of Smaller-Than-Expected Inventory Increase
U.S. commercial crude inventories increased by 3.5 million barrels last week, according to the U.S. Energy Information Administration.
Are Chesapeake Earnings as Bad as They Look?
Chesapeake Energy reported fourth-quarter and full-year 2015 earnings before markets opened Wednesday morning.
First Solar Stuns Investors With Solid Earnings and Guidance
First Solar reported better-than-expected fourth-quarter financial results after the markets closed on Tuesday.
Credit Suisse Cuts Columbia Pipeline Partners Rating
Credit Suisse took a look at Columbia Pipeline Partners LP (NYSE: CPPL) and Columbia Pipeline Group, Inc. (NYSE: CPGX) in its most recent report and the outlook is somewhat mixed. With continued weakness in…
Why Jefferies Sees Oil Output Falling Faster — but Falling Fast Enough?
Jefferies has issued its oil market report for February. The good news, for oil prices rather than for the frackers and producers who want higher volumes, is that oil production is expected to fall.