All 50 States Have Gas Prices Over $3
In a sign that gasoline prices may not take a predicted dip, the cost of a gallon of regular has moved above $3 in all 50 states, even the ones near refineries and large…
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U.S. State DepartmentFriday’s release of the final supplemental environmental impact statement (SEIS) for the Keystone XL pipeline really contained no surprises. The U.S. State Department had issued a draft report last March and the…
State Department Releases Keystone XL Review; Not a Decision
ThinkstockThe wait has been long, and still there is no resolution. On Friday afternoon, the U.S. Department of State released its supplemental environmental impact statement (SEIS) related to the Keystone XL pipeline project proposed by TransCanada…
Natural Gas, Crude Oil Prices Continue Slide
ThinkstockWorries about emerging markets have weighed on equities again Friday, and those same worries are tamping down prices for crude oil and natural gas. WTI crude is down about 0.5% at midday following a…
Chevron Earnings Hit by Lower Prices, Margins
Chevron reported lower fourth-quarter and full-year 2013 results before markets opened Friday morning, due in part to lower prices and margins. The earnings announcement did not include guidance.
Natural Gas Price Drop Mostly Unchanged on Supply Data
ThinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 230 billion cubic feet for the week ending January 24, compared with an expected drop of between 220…
QEP Resources Begins Process to Shed Midstream Business
QEP Resources announced Thursday morning that the company has added two new members to its board of directors, is preparing to file documents with the SEC to separate its midstream business from the rest…
Exxon Earnings Weakness Brings Back Warren Buffett Entry Level
Shares of Exxon Mobil reacted to its fourth-quarter earnings report early Thursday. Earnings were down 16%, mostly due to lower production and weaker-than-expected margins in its refining operations.
Crude Oil Prices Sink on Rising Inventories
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. Crude inventories are building again following the December declines that were related to reducing 2013 inventory taxes.
Valero Earnings Propped Up by Ethanol; Phillips 66 Gets No Such Help
Valero Energy and Phillips 66 reported fourth-quarter and full-year 2013 earnings before markets opened Wednesday morning.
Oil and Gas Short Interest Looking for Payoff This Week
Short interest in several large oil and gas stocks rose in the two-week period to January 15, likely as a result of expected pressure on crude oil prices, refining margins and drilling demand.
Oppenheimer Says Betting on Higher Oil Prices May Be Catastrophic
With production increasing in the United States at a record pace, the energy analysts at Oppenheimer are convinced that the days of tremendous rising revenues and profits at the major integrateds, as well as…
International Growth Boosts Schlumberger Earnings
Schlumberger reported fourth-quarter and full-year 2013 results before markets opened Friday morning, a day after the board of directors approved a 28% increase in the quarterly dividend.
BP Energy Outlook 2035 Seems Conservative – Oil and Renewables Alike!
ThinkstockUsually when you see a 2030 or 2040 projection from an energy company, you would probably expect for the company making the presentation to be talking up their own book. So what happens when…
Analyst Sees Four Great Oil Services and Equipment Stocks in 2014
Sterne Agee believes that deepwater drilling will rise steadily over the next few years, and it encourages investors to have exposure to the trend via the highest quality names and in companies with specific…