BHP Takes $7.2 Billion Write-Down on US Shale
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.
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As Warren Buffett Buys More Phillips 66, Is He Calling a Bottom?
It turns out the largest shareholder of Phillips 66, Warren Buffett's Berkshire Hathaway, has been accumulating more shares.
2015 Global Investment in Clean Energy Topped $300 Billion
Since 2004, clean energy investment is up nearly 400% on an annual basis, according to a report from Bloomberg New Energy Finance.
Which Oil Companies Are Cutting Capex Most?
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.
Natural Gas Price Slumps After Inventory Report
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.
Crude Oil Price Stumbles on Another Huge Increase in Gasoline Stockpiles
U.S. commercial crude inventories increased by 200,000 barrels last week, according to the EIA.
Does Big Oil Have These 3 Top Energy Companies in Their Sights?
24/7 Wall St. screened the Merrill Lynch research database for companies rated Buy that could also be prime takeover targets.
Short Sellers Can’t Make Up Theirs Minds on Major Oil
The short interest data have been released for the December 31 settlement date. Short interest for the selected oil stocks was mixed.
Short Interest in Solar Stocks Fell, but Was It Too Soon?
Short interest moves among solar and alternative energy stocks mostly increased during the two-week reporting period that ended on December 31.
Crude Oil Dips Below $30
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.…
US Oil Production to Fall by Almost a Million Barrels a Day by 2017
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.
Plains All American Maintains Payout, Adds $1.5B in Private Placement
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.
First US LNG Cargo to Begin Loading This Week
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.
National Average Gasoline Price Fell Nearly 3 Cents Last Week
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.
Squirrels Among Top Threats to US Power Grid
But malware attacks are just one of the threats to the U.S. power grid. A report at the Daily Caller lists seven top threats.