thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 237 billion cubic feet for the week ending February 7, compared with an expected drop of 228 billion…
ThinkstockGasoline prices continue to rise, mostly in lockstep with oil, which has surged to more than $100 per barrel. The price for a gallon of regular moved above $3 in all 50 states several…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 3.3 million barrels last week, maintaining a total U.S. commercial crude inventory to 361.4…
ThinkstockIn the February issue of its Monthly Oil Market Report, the Organization of Petroleum Exporting Countries (OPEC) has increased its estimate of global crude oil demand by 50,000 barrels a day to 1.09 million…
The price of crude oil has spiked above $100, up from $90 little more than a month ago. The rapid 11% increase could trigger high fuel prices, which in turn would eat into corporate…
ThinkstockWTI crude oil futures for March delivery topped $100 a barrel on the Nymex Monday after a brief stop at that level last Friday, and there’s every reason to believe that the rise will…
Declining oil prices will not be good for oil service stocks, and the analysts at UBS say to stay with the big-boys in the sector and avoid the smaller cap names that will be…
Shares of Chesapeake Energy were trading down handily after the company announced a 20% cut in capital spending for 2014. But the company still expects production overall to grow.
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 262 billion cubic feet for the week ending January 31. That compared with an expected drop of 273…
ThinkstockGlobal drilling demand will either slow down or speed up in 2014, according to energy industry pundits. The direction depends in large part on oil and gas producers’ capital spending, which in turn will…
ThinkstockThe national average pump price of a gallon of gasoline could rise to $3.55 to $3.75 this spring, according to a report from AAA. The average cost of a gallon of gas rose $0.49…
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased and total gasoline inventories increased last week.
The two largest U.S. integrated oil companies, Exxon Mobil and Chevron, have now reported 2013 results, and neither one can claim to have made a very positive impression on investors. Is either a value…
ThinkstockIt is one thing to be a sector caught up in an overall market sell-off. It is quite another when the fundamentals are reasonably good and the sector has been sold off already. Given…
Petrobras is supposed to be a great oil giant, with vase proven and probable reserves, and with a vast opportunity in Brazil. The problem is that nothing seems to go right for the Petrobras…