Gas Prices Flat Ahead of Holiday Travel Season
As a record number of Americans hit the road during the year-end holiday season, gas prices have been flat for a month and at the same relatively low level they were a year ago.
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Newest first · Page 300U.S. Energy Production Set to Reach All-Time High
Kinder Morgan Energy Partners LPThe effects of shale and more efficient production will soon push annual energy production to the highest level in U.S. history. The previous record was set in 1970. Since then,…
Why Goldman Sachs Chased Warren Buffett Into Exxon Mobil
Wikimedia CommonsExxon Mobil Corp. (NYSE: XOM) received a huge endorsement in the past month or so when it became known that top investor Warren Buffett had taken a big stake in the integrated oil…
Hess Corp. Warns on Earnings
ThinkstockIndependent oil and gas company Hess Corp. (NYSE: HES) may be sorry that it sold off its refining business and transformed itself into an energy exploration and development firm. The company warned Monday morning…
Harvest Natural Resources Exits Venezuela
ThinkstockIndependent oil and gas producer Harvest Natural Resources Inc. (NYSE: HNR) announced Monday morning that it has agreed to sell all its Venezuelan assets in two transactions for a total of $400 million. The…
Chesapeake’s Former CEO Revs Up New Money Machine
ThinkstockA firm connected to Aubrey McClendon, former CEO of Chesapeake Energy Corp. (NYSE: CHK) filed on Friday a preliminary Form S-1 with the U.S. Securities and Exchange Commission (SEC) to issue up to 100…
Bankruptcy Court Hits Anadarko With Potentially Massive Damage Award
ThinkstockThe U.S. Bankruptcy Court for the Southern District of New York issued a ruling on Thursday that could result in a damage award to Tronox Ltd. (NYSE: TROX) of as much as $14.5 billion…
Merrill Lynch’s Top Energy Stocks to Buy for 2014
ThinkstockWhile many on Wall Street are predicting a possible slide in West Texas Intermediate (WTI) pricing for next year, the energy team at Merrill Lynch is reasonably bullish. Some firms see a fall to…
Mexico Nears End of State Monopoly on Oil
ThinkstockThe Mexican Senate Wednesday approved a change to the country’s constitution that would end the government’s 75-year monopoly on crude oil production. The bill was sent along to the House of Deputies where it…
Natural Gas Demand to Rise 65% Over Next 25 Years: Exxon
Wikimedia CommonsThe largest U.S. producer of natural gas forecasts that global demand for gas will rise by about 65% by 2040 as natural gas is on track to supply 25% of global energy requirements.…
Solar Short Interest Continues to Be Volatile
ThinkstockWe continue to track the short interest changes in a number of solar PV and installation companies. The following information is based on data reported as of November 29. For China-based firms, the percentage…
Oil Presses Toward $100, Threatening Recovery Again
ThinkstockThe U.S. economy has benefited for some time from cheap oil, fueled by historically weak demand in China, crumpled demand in Europe and the rise of shale. However, the price of crude has reached almost…
Mexico to End State Oil Monopoly: Which U.S. Firms Stand to Benefit?
Petroleos MexicanosMexico nationalized its oil reserves in 1938, and since then the only company allowed to produce the country’s vast reserves has been Petróleos Mexicanos, or Pemex. But declining production and a lack of…
Does OPEC Still Have Any Influence on Oil Markets?
ThinkstockThe Organization of Petroleum Exporting Companies (OPEC) has lost its mojo. Actually, it’s been disappearing for years and most people are just beginning to notice. The cartel has not controlled crude oil prices for…
Is Ballard Power Really Back?
ThinkstockCanada-based fuel cell developer Ballard Power Systems Inc. (NASDAQ: BLDP) is getting a jolt on Friday after yesterday’s announcement that it had signed a non-bind agreement to develop zero-emissions, fuel cell vehicles with Netherlands-based…