ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 1.1 million barrels last week, bringing the total U.S. commercial crude inventory to 377.5…
thinkstockFirst Solar Inc. (NASDAQ: FSLR) is leading shares lower this morning. The company has taken at least two severe analyst downgrades this morning. That is on the heels of a poor sales figure and…
thinkstockFirst Solar Inc. (Nasdaq: FSLR) is out with its financial results for the fourth quarter of 2012. The solar PV-panel maker said that its net sales hit a record $1.1 billion in the quarter,…
ThinkstockFollowing today’s dismal report from Trina Solar Ltd. (NYSE: TSL), the entire solar sector is experiencing a sell-off. The only question investors need to ask themselves is whether or not this turn of events…
ThinkstockHollyFrontier Corp. (NYSE: HFC) reported fourth-quarter and full-year 2012 results before markets opened this morning. The oil refiner posted quarterly EPS of $1.92 on revenues of $5.15 billion. In the same period a year…
ThinkstockGasoline prices have risen again. Yesterday, according to AAA Fuel Gauge, the price of a gallon of regular nationwide cost $3.782, compared to $3.777 the day before and $3.347 a month ago. So $4…
ThinkstockNatural gas producers Chesapeake Energy Corp. (NYSE: CHK) and Encana Corp. (NYSE: ECA) are the targets of a federal civil suit by Northstar Energy, a Michigan oil and gas field developer, for colluding to…
ThinkstockDaniel J. Graeber of Oilprice.com Russian oil producer Rosneft said it was considering sending more oil to the energy-hungry Chinese economy. The world’s No. 2 oil exporter, after Saudi Arabia, already sends about 300,000…
courtesy of BP plcNearly three years after the explosion and sinking of an oil rig in the Gulf of Mexico that killed 11 workers and spilled 5 million barrels of oil, a federal judge…
ThinkstockChesapeake Energy Inc. (NYSE: CHK) parted with about $13 billion in assets last year in an effort to reduce the company’s massive debt burden. The sell-off for the new year is just getting started,…
ThinkstockThe latest data from Baker Hughes Inc. (NYSE: BHI) shows that drilling rig counts in North America rose by 10 in the week ending today and fell by 259 from the comparable period a…
ThinkstockLate yesterday, Royal Dutch Shell PLC (NYSE: RDS-A) said that it plans to “reassess the development plan” for its joint venture with the U.K. division of Exxon Mobil Corp. (NYSE: XOM) for the Fram…
Courtesy of Tesla MotorsTesla Motors Inc. (NASDAQ: TSLA) was down big on Thursday after its earnings report. When you consider how small the company is in the grand scheme of things, and when you consider…
ThinkstockBy Claude Salhani of Oilprice.com Oh, how I miss the days of Bill Clinton’s presidency when the price of gas at the pump was around 99 cents per gallon. Yes, you heard me right:…
ThinkstockFor the first time in a decade, global solar photovoltaic (PV) demand grew by less than 10%. Installations totaled 29,000 megawatts of solar PV in 2012, up just 5% from 27,700 megawatts in 2011.…