Savings and scale appear to be the primary reasons behind the impending merger of Kodiak Oil & Gas and Whiting Petroleum, that he two exploration and production companies announced Sunday.
ThinkstockAn improving global economic forecast for 2015 has led to projected demand growth for crude oil of 1.4 million barrels a day. That was up from estimated growth of 1.2 million barrels a day…
Despite some Wall Street concerns about a sharp third-quarter slowdown, the Deutsche Bank analysts believe that U.S. demand for clean energy is stable in the second half of the year.
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 93 billion cubic feet for the week ending July 4. That compared with an expected increase of around…
Petrobras rallied on Wednesday on perhaps the zaniest of all reasons seen in the past three months -- Brazil's soccer team took a beating from Germany in the World Cup.
ThinkstockBy Chris Dalby of Oilprice.com Nigeria As much as 400,000 barrels of oil a day are stolen in Nigeria. This equates to losses of $1.7 billion a month for Africa’s new largest economy. This…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.4 million barrels last week, maintaining a total U.S. commercial crude inventory to 382.6…
ThinkstockIf analysts need any early signals that the drop in oil prices has begun to affect gasoline prices, it is the fall off in the cost of an average gallon of regular across the…
ThinkstockThe July forecast from the U.S. Energy Information Administration (EIA) calls for the price of a gallon of gasoline to fall from a second-quarter average of $3.68 to an average of $3.64 in the…
ThinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 100 billion cubic feet for the week ending June 27. That compared with an expected increase of around…
ThinkstockThe AAA forecasts that gasoline prices over the July 4th holiday will be the highest since 2008. Hurricane Arthur, creeping up the East Coast, may drive them even higher in states along its path.…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 3.2 million barrels last week, maintaining a total U.S. commercial crude inventory to 384.9…
In a new report the wealth management research team at UBS acknowledges what is driving the energy sector and the firm lifts its rating on the sector to Neutral from Underweight.
ThinkstockBy Nicholas Cunningham of Oilprice.com Violence in Mexico could thwart hopes of a budding shale boom, as oil and gas companies operating in Texas may think twice about moving south of the border. Mexico…
ThinkstockCiting the continuing violence in Iraq, AAA on Monday said that U.S. drivers will pay more for gas this Fourth of July weekend than they have since 2008. Gasoline prices are 15 to 20…