Without a refining business to help offset low crude prices or the ability to export crude oil in quantity, among the hardest hit oil producers are the pure-play exploration and production companies.
Transocean just lost its "investment grade" rating at Fitch Ratings. It is now considered as at "junk bond" status at this ratings agency.
U.S. natural gas stockpiles are well above their levels of a year ago and also above the five-year average.
Ocean Rig UDW gave an update on its fleet and where it currently stands, based on spending cuts from major oil companies.
Anyone waiting for some good third-quarter news from U.S. oil companies is very likely to be disappointed when these firms report earnings beginning later this month.
U.S. commercial crude inventories increased by more than 3 million barrels last week, according to the EIA.
Plains All American Pipeline and its publicly traded general partner Plains G.P. Holdings announced increases to their quarterly cash distributions Wednesday morning.
Evidence suggests that the bottom could be in for the Dow, for now, and Chevron may be one of its best performers on the way back up.
Petrobras announced Tuesday morning that it is cutting its spending plan for the current fiscal year and the next.
Freeport-McMoRan said it will cut its board size from 16 to nine and begin "a review of strategic alternatives for its oil and gas business."
The massive drop in crude oil prices over the past year is about to end, according to OPEC, which did not say how soon or how big.
These Deutsche Bank stocks to Buy are for aggressive accounts that have a high tolerance for risk. With that caveat in mind, the upside potential is worth the shot.
In five states the average price is at or below $2 a gallon, and in all 50 states a gallon of regular gas now costs less than $3.
Monday morning, SunEdison announced a series of actions designed to "optimize business operations in alignment with current and future market opportunities, and accelerate cash flow positive operations."
BP announced in early July that it had reached an agreement in principle with the U.S. Department of Justice and it will file the details of that agreement in federal court on Monday.