Chevron, Conoco, Freeport Slash 2016 Capital Budgets
On Wednesday, Freeport-McMoRan said it now plans to spend $1.6 billion on oil and gas capital investments for 2016, down from a previous estimate of $2.0 billion.
On Wednesday, Freeport-McMoRan said it now plans to spend $1.6 billion on oil and gas capital investments for 2016, down from a previous estimate of $2.0 billion.
Despite weak guidance, and despite on analyst downgrade Thursday morning, Janney Capital Markets has decided to remain very positive on Shares of First Solar.
EIA reported Thursday morning that U.S. natural gas stocks decreased more than expected for the week ending December 4.
Moody's on Wednesday downgraded all of Petrobras's ratings by one notch. At the same time the ratings agency put all the ratings on review for another possible downgrade.
The Kinder Morgan dividend cut is a huge event and may very well mark a bottom in the energy MLP arena.
The November 30 short interest data have been compared with the previous figures, and short interest for the selected oil stocks was ultimately mixed.
The deal struck by SunEdison and TerraForm Power to acquire rooftop solar installer Vivint Solar was in danger of being withdrawn.
U.S. commercial crude inventories decreased by more than 3 million barrels last week, according to the U.S. Energy Information Administration.
In a decision that was all but made for it, Kinder Morgan announced after markets closed on Tuesday that it is chopping its annual dividend.
At the rate that crude prices have fallen in just the past couple of days, the odds improve every day that some lucky consumers will be paying closer to $1 a gallon for gasoline.
There is no way to sugarcoat the beating the sector is taking. Eventually though, the market will balance out and prices will go higher.
The U.S. average price for a gallon of regular gasoline on Monday was just a fraction of a cent higher than the lowest average price for the year to date.
One good way to evaluate the current status of some of the top energy master limited partnerships (MLPs) is how they are rated by Standard and Poor's.
In some gas stations around the country, the price of a gallon of regular has dropped below $1.50.
Organizations that follow gas prices say that less than $2 a gallon gas will be routine around the United States. Already, more than a third of states have prices below $2.