ThinkstockThe Organization of Petroleum Exporting Countries (OPEC) released its May Oil Market Report this morning. The cartel did not materially change its forecast for global demand growth of 800,000 barrels a day to a…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 88 billion cubic feet last week, above the expected build of about 83 billion cubic feet anticipated by analysts.…
ThinkstockGood news is here for consumers who hate high gasoline prices. There is something at work that may keep the price of oil from rising too much, but the price may not fall too…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 200,000 barrels last week, bringing the total U.S. commercial crude inventory to 395.5 million…
ThinkstockThe U.S. Energy Information Administration (EIA) today released the latest version of its Short-Term Energy Outlook, and the agency made some changes to its previous forecasts. The EIA now expects WTI spot prices to…
Thinkstock When First Solar Inc. (NASDAQ: FSLR) reported first-quarter 2013 results after the markets closed last night, investors did not know whether to cheer or boo. Share prices rose and fell and rose again…
thinkstockState and local authorities have provided a recommendation to the California Public Utilities Commission that PG&E Corp. (NYSE: PCG) should pay $2.25 billion for a natural gas pipeline explosion in September 2010 that killed…
ThinkstockFirst Solar Inc. (NASDAQ: FSLR) reported first-quarter 2013 results after the markets closed today. The solar panel maker posted quarterly adjusted diluted earnings per share (EPS) of $0.69 on revenues of $755 million. In…
courtesy of Apple Inc.For most of the past two years, Apple Inc. (NASDAQ: AAPL) held the top spot as the most valuable company in the world as measured by market cap, having wrestled the…
ThinkstockIn the month of May so far, crude oil prices have risen nearly 2% after falling by 4% in April. In the past 30 days, the average price for a gallon of gasoline in…
ThinkstockCrestwood Midstream Partners L.P. (NYSE: CMLP), Inergy L.P. (NYSE: NRGY) and Inergy Midstream L.P. (NYSE: NRGM) today announced that the companies have agreed to merge in a deal that will create a pipeline master…
ThinkstockWestlake Chemical Corp. (NYSE: WLK) reported first-quarter 2013 results before markets opened this morning. The maker of a variety of petrochemicals, polymers and building products posted diluted earnings per share (EPS) of $1.84 on…
thinkstockThe U.S. Energy Information Administration (EIA) today reported that the U.S. natural gas stocks increased by 43 billion cubic feet last week, substantially above the expected range for a build of about 28 billion…
ThinkstockThe United States may be on the verge of becoming a net exporter of energy products. Ultimately along with the rebirth of the housing sector, this could be the engine of growth that pushes…
thinkstockToday’s report on U.S. crude oil and gasoline inventories underscores a story we have been trying to tell for several weeks now: crude oil and gasoline prices have nowhere to go but down. U.S.…