US Drivers to Save $1.4 Billion on Gas This Labor Day
U.S. drivers can expect to save $1.4 billion over the coming Labor Day holiday weekend, because a gallon of gasoline cost about a buck more last year at this time.
Energy
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Newest first · Page 214Crude Oil Price Plunges After Huge Inventory Increase
The U.S. Energy Information Administration (EIA) weekly petroleum status report showed that U.S. commercial crude inventories increased by 4.7 million barrels last week.
Does Lifting the US Ban on Oil Exports Really Make a Difference?
The U.S. Energy Information Administration report on the impact of lifting the current ban on exporting U.S. crude has a little something for both sides of the argument.
13 of the 15 Cities With Highest Gas Prices Are in California
Of the 15 cities in the United States with the highest average price for a gallon of regular gasoline, 13 are in California.
Why Energy Transfer Partners Could Still Be 25% Undervalued
Kinder Morgan Inc.Trying to catch the bottom on the oil and gas sector has likely felt like a game of catching falling daggers. The team at Bank of America Merrill Lynch has come out…
Why UBS Is Further Lowering Petrobras Expectations
Though UBS has decided to maintain its Neutral rating for Petrobras, the Swiss banking and investment firm has lowered its earnings expectations for the state-run oil giant.
Crude Oil Jumps on OPEC Bulletin
Crude oil prices jumped Monday morning and blasted even higher through the noon hour to hit a daily high near $49 a barrel.
Patriot Coal Bankruptcy Auction Set
A bankruptcy judge ruled Monday that Patriot Coal could proceed with an auction set for September 9 to sell its remaining assets.
Arch Coal Soars as Debt Swap Offer Delayed Again
To say that shares of Arch Coal have been volatile Monday morning is not an overstatement. The company's debt swap offer was extended again.
What Warren Buffett Sees in Phillips 66 That You Don’t
Buffett and his managers have decided to take on a very large stake in shares of Phillips 66, worth roughly $4.5 billion.
Oil Rig Count Adds 1; Natural Gas Drillers Drop 8 Last Week
In the week ended August 28, the number of rigs drilling for oil in the United States totaled 675, according to the Baker Hughes North American Rotary Rig Count.
Gas Prices Above $3 in Alaska, California, Hawaii, Nevada
If there are economic benefits of low gas prices, the effects are regional, with some states that barely benefit at all.
Leveraged Loan Default Rate Soars on Coal Miner Bankruptcies
A new report on leveraged loan default rates from Fitch Ratings showed that, since the beginning of March, more than three-quarters of leveraged loan default volume has come from metals/mining and energy companies.
Will the Jump in Crude Oil Prices Last?
The spot price for October delivery of West Texas Intermediate (WTI) crude oil settled up more than 10% on Thursday and traded up further in the late morning on Friday.
Analyst Says Do Not Wait for Oil Bottom, Buy Quality Large-Caps Now
In a new research report, a Stifel analyst makes it very clear that the time to buy large cap quality energy stocks is now, and not to wait for oil to put in an…