Energy

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Crude Price Falling After Inventory Report

ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 2.7 million barrels last week, bringing the total U.S. commercial crude inventory to 388.6…

Paul Ausick · 13 years ago

BP Seeks Buyer for U.S. Wind Energy Operations

ThinkstockBP PLC (NYSE: BP) must like shale, gas and oil exploration and production better than new age energy sources. It wants to dump its wind operations in the United States. According to Reuters: BP…

Douglas A. McIntyre · 13 years ago

Transporting Petroleum by Rail and Pipeline — Which Is Safer?

ThinkstockOne of the transportation methods commonly offered as an alternative to crude oil and refined product pipelines is rail transport. Last weekend’s 10,000 gallon rupture in an Exxon Mobil Corp. (NYSE: XOM) pipeline in…

Paul Ausick · 13 years ago

Hess Sells Another Asset

ThinkstockThe battle for what was once the integrated oil & gas company Hess Corp. (NYSE: HES) took another turn this morning after the company said it has signed a deal to sell its 90%…

Paul Ausick · 13 years ago

Chesapeake: The First Day of the Rest of Its Life

courtesy Chesapeake Energy Corp.Aubrey McClendon, co-founder, chairman and CEO of Chesapeake Energy Corp. (NYSE: CHK), is officially the former CEO of the company today. Last Friday the company’s board of directors named long-time Chesapeake…

Paul Ausick · 13 years ago

Natural Gas Supply Continues to Fall

thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 95 billion cubic feet last week, slightly less than the decline of 83 billion to 87 billion cubic feet…

Paul Ausick · 13 years ago

Sharp Rise in U.S. Crude Inventory

ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 3.3 million barrels last week, bringing the total U.S. commercial crude inventory to 385.9…

Paul Ausick · 13 years ago

China and U.S. GDP and the Price of Gas

ThinkstockThe price of gasoline in China has been one way the central government has regulated the effects of fuel on both businesses and individuals. In theory, this sort of system can keep increases in…

Douglas A. McIntyre · 13 years ago

LDK Solar Raises More Capital

thinkstockLDK Solar Co. Ltd. (NYSE: LDK) remains a very challenged company. This is to the point that the Chinese solar players is raising cash yet again in an amount that is small enough that you might…

Jon C. Ogg · 13 years ago

Hess Activist Efforts by Elliott Heating Up

ThinkstockWe cannot help but to notice just how active the activist investor community has been. Activist investors are literally influencing hundreds of billions of dollars of value in companies right now. The latest acceleration…

Jon C. Ogg · 13 years ago

Why So Much Interest in Exxon’s $1.7 Million Fine?

Wikimedia CommonsFines of energy companies continue to be the rage among the news media. Perhaps it is the hangover of the huge bonanza of press coverage following the BP PLC (NYSE: BP) Deepwater Horizon…

Douglas A. McIntyre · 13 years ago

Cyprus and the Price of Oil

ThinkstockThe apparent resolution of the banking crisis in Cyprus has sent the price of WTI crude oil up more than 1.5% today, now above $95 a barrel. Brent crude is also up about 0.7%,…

Paul Ausick · 13 years ago