Deutsche Bank Lowers Price Targets on Top Oil Stocks to Buy
With the outlook for the oil probably darker than anytime in the past five years, Deutsche Bank recommends investors stay with the top large-cap leaders.
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Newest first · Page 263Gasoline Prices Drop Below $2.50 in 15 Cities
On average, the cheapest gallon of regular gasoline in the United States this Monday morning is available in St. Louis.
8 States Where Gas Will Drop Below $2
ThinkstockExperts have already begun to mention the chance that the average price for a gallon of regular gasoline will drop below $2 in some parts of America. There are several states where this is…
Crude Oil Drops Below $66
ThinkstockWest Texas Intermediate (WTI) crude oil for January delivery tumbled below $66 a barrel on Friday and closed at $66.15, down 10.5%, the lowest settlement in five years. Brent crude slipped 3.4% in London…
As Oil Drops Below $70, What Happens?
ThinkstockWhy has oil dropped below 70? Analysts and traders appeared to believe Saudi Arabia did not mean what it said when the country announced in October that it did not care if the price…
Analyst Trims Crude Oil Price, E&P Firms’ EPS Estimates
ThinkstockLower crude oil prices typically mean lower profits for exploration & production (E&P) companies, and this time around is no different. The recent sharp drop in crude prices has generated a lot of re-evaluations…
Colder Weather Ups Natural Gas Demand, Weighs on Prices
thinkstockThe U.S. Energy Information Administration (EIA) reported Friday morning that U.S. natural gas stocks decreased by 162 billion cubic feet for the week ending November 21st, compared with an expected decrease of 130 billion…
Crude Oil Inventory Posts Gain Ahead of OPEC Meeting
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.9 million barrels last week, maintaining a total U.S. commercial crude inventory of 383…
Major Oil Short Interest Still Wary of Falling Prices
ThinkstockShort interest data for major oil stocks was released for the November 14 settlement date. Most of the top oil stocks, with the exception of ConocoPhillips, saw their short interest rise in this period.…
SeaDrill Suspends Dividend After Weak Earnings Report
ThinkstockOffshore drilling company SeaDrill Ltd. (NYSE: SDRL) posted third-quarter 2014 results before markets opened on Wednesday morning. The company posted diluted earnings per share (EPS) of $0.31 on revenues of $1.29 billion. In the…
Are Oil Analysts Getting Too Pessimistic With Lower Oil Prices?
ThinkstockThe drop in the price of oil has felt monumental considering that the U.S. economy is still holding up well when the world’s growth engine is idling. This may be a welcome event for…
Follow the Sand to the Real Fracking Boom
By James Stafford of Oilprice.com When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the…
Petrobras Reveals Receipt of SEC Subpoena
Wikimedia CommonsBrazil’s government-controlled oil giant Petroleo Brasileiro SA (NYSE: PBR), or Petrobras, issued a statement Tuesday morning saying that the company had received a subpoena from the U.S. Securities and Exchange Commission (SEC) on…
Yingli Green Energy Posts Smaller Loss, but Lowers Forecast
ThinkstockChinese solar PV maker Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) posted third-quarter 2014 results before markets opened on Tuesday morning. The company posted a diluted earnings per American Depositary Share (ADS) loss of $0.11,…
How Analysts Rate Shell Midstream Partners
ThinkstockThe quiet period for Shell Midstream Partners, L.P. (NYSE: SHLX) has been lifted and analysts are beginning to weigh in on the company and its post-IPO performance. While oil prices and many oil companies…