The End of the Beginning of the Oil Price War
An agreement among the Saudis, the Russians, and the Americans over the weekend will lead to lower crude production beginning next month and, producers hope, higher prices.
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Renewable energy accounted for nearly 3/4 of added capacity worldwide last year
By David Callaway, Callaway Climate Insights Solar and wind dominate new additions in renewables, but coronavirus raises mixed outlooks for near-term. SAN FRANCISCO (Callaway Climate Insights) — Renewable energy, dominated by solar and wind…
Decision Day for OPEC, Russian Production Cuts
A video teleconference Thursday morning is expected to cut up to 10 million barrels from global crude oil production. Will that be enough to push crude prices higher?
Exxon Mobil Defends Its Dividend While Slashing Capital Spending Plans
Exxon announced on Tuesday that it is cutting its 2020 capital spending and lowering its cash operating expenses.
Bakken Oil Field Giant Continental Eliminates Dividend, Slashes Production
Continental Resources, one of the largest producers in the Bakken shale oil region, has suspended its dividend and announced a production cut of 30% for April and May.
National Average Gas Price Drops for Sixth Consecutive Week
The nationwide average price for a gallon of regular gasoline dropped for the sixth consecutive week, according to GasBuddy. More than 40 states have average prices below $2.00 a gallon.
Not Long Ago, Gas Prices Were $1. They Could Get There Again.
Experts say that unprecedented oil supply married with a fall-off in demand because of a contracting global economy will take prices much lower. That, in turn, would press gasoline prices toward $1 per gallon,…
Will the US Join Saudi Arabia, Russia to Cut Crude Oil Production?
The members of OPEC along with Russia and others are expected to meet Monday to discuss reducing crude production by up to 10 million barrels a day. The United States may not be present…
Small Investors Getting Whacked in Whiting Petroleum Bankruptcy
Oil and gas producer Whiting Petroleum has filed for bankruptcy reorganization in which the company is essentially exchanging debt for new stock and new owners.
6 Oil and Gas ‘Survivors’ That Are Incredibly Solid Contrarian Buys Now
All these stocks have been eviscerated by the relentless and withering selling. However, the analysts have done their work by looking for companies that are poised to survive this year and hang around until…
Storage Crunch, Revved Up Saudi Production Promise More Pain for US Crude
Crude oil storage tanks around the world are filling up and rising production combined with lower pricing from Saudi Arabia is on track to oust the U.S. as the world's top crude producer.
US Average Gas Price Dips to $1.97 a Gallon
U.S. retail gasoline prices have begun the week at an average per gallon of $1.97, the lowest average in four years, according to analysts at GasBuddy.
National Average Gas Price Under $2, Keeps Falling
After falling below $2 a gallon last Friday, the national average gas price has continued to slide as crude oil prices plummet.
Saudis, Russians Won’t End Oil Price War Despite US Plea
The teleconference meeting of the G20 ended Thursday without even a word about the collapse of the crude oil market. Now the market itself may have to do the heavy lifting and both the…
Jefferies Upgrades Refiners as Many Top Stocks Now Down 50% or More
The analysts at Jefferies that cover the refining and midstream stocks took a bold step this week and upgraded some of the top companies in their coverage universe.