High-yielding energy stocks make good sense for investors as it may take time for the sector to come back, and collecting large dividends while waiting makes the time go by quicker.
Kinder Morgan has announced that it will acquire 15 refined products terminals and associated U.S. infrastructure from a division of BP in a transaction valued at about $350 million.
Big Oil is now engaged in cost-cutting operations with mass layoffs and project cutbacks. This could start a positive feedback loop for both oil and oil stocks.
The national average price for a gallon of regular gasoline in the United States Monday morning was $2.255, down 5.5 cents compared with last Monday's average.
In the week ended October 16, the number of rigs drilling for oil in the United States totaled 595, according to the Baker Hughes North American Rotary Rig Count.
ThinkstockSchlumberger Ltd. (NYSE: SLB) reported third quarter 2015 results after markets closed on Thursday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $0.78 on revenues of $8.47 billion.…
U.S. commercial crude inventories increased by 7.6 million barrels last week, maintaining a total U.S. commercial crude inventory of 468.6 million barrels.