At least one expert expects half of the U.S. energy industry to go bankrupt this year. But sector disasters bring opportunity — see the housing meltdown in 2007 and 2008.
The low price of oil has begun to cripple big oil nearly as much as smaller shale producers. BHP Billiton has written down its assets in several areas in the United States.
It turns out the largest shareholder of Phillips 66, Warren Buffett's Berkshire Hathaway, has been accumulating more shares.
Since 2004, clean energy investment is up nearly 400% on an annual basis, according to a report from Bloomberg New Energy Finance.
Energy industry analysts at Wood Mackenzie said Thursday morning that they have identified $380 billion in capital spending cuts on 68 existing oil and gas development costs.
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks decreased less than expected for the week ending January 8.
U.S. commercial crude inventories increased by 200,000 barrels last week, according to the EIA.
24/7 Wall St. screened the Merrill Lynch research database for companies rated Buy that could also be prime takeover targets.
The short interest data have been released for the December 31 settlement date. Short interest for the selected oil stocks was mixed.
Short interest moves among solar and alternative energy stocks mostly increased during the two-week reporting period that ended on December 31.
At its low for the day Tuesday, WTI crude oil for February delivery traded at $29.93 before settling at $30.25. That’s the first time WTI crude has traded below $30 a barrel since 2003.…
In the latest revision of its Short-Term Energy Report, the U.S. Energy Information Administration said the total U.S. crude production fell to an average of 9.4 million barrels a day in 2015.
Two news items from Plains All American Pipeline released Tuesday morning pushed the midstream energy company's shares up nearly 25% shortly after the opening bell.
The United States will enter the market for liquefied natural gas (LNG) later this week when Cheniere Energy begins loading the first tanker ever to export LNG from the lower 48 states.
The average price of a gallon of gasoline is falling across the United States, likely due to oversupply and geopolitical concerns centered around China's economy.
