Gasoline Price Hikes Could Begin to Slow Down
ThinkstockJust last Thursday we said that gasoline prices, then at $3.628, could continue to rise until prices got to an average of around $3.80 a gallon. According to the AAA Daily Fuel Gauge report,…
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Newest first · Page 329Crude Nears $100 a Barrel Again
ThinkstockCrude oil prices are approaching $100 again, a level where the commodity has not traded since the autumn. Blame a better economy in China and political problems in the Middle East, although those explanations are…
BP Ready to Litigate Instead of Settle
ThinkstockBP PLC (NYSE: BP) has decided that the best way to repent from the sins it took on with the Gulf of Mexico disaster is to litigate. According to The Wall Street Journal: BP already has…
Another Crude Oil Pipeline Aims at the Gulf Coast (ENB, ETP, ETE, EPD)
ThinkstockCanadian-based Enbridge Inc. (NYSE: ENB) announced this morning that it is joining forces with a subsidiary of Energy Transfer Partners L.P. (NYSE: ETP) and Energy Transfer Equity L.P. (NYSE: ETE) to convert parts of…
Credit Suisse Pounds the Table on Four Top MLP Picks (CS, TRGP, GEL, ACMP, PAA, KYN, SRV)
ThinkstockThere was a time on Wall St., back in the dot-com bubble era, when the big firms and their hot stock analysts would go to great lengths to sell their stock research ideas to…
Gasoline Prices Will Continue to Rise
ThinkstockA convenient rule-of-thumb regarding gasoline pump prices is that for every $1.00 increase in the price of a barrel of Brent crude, the pump price will rise by $0.025. Today’s average price of gasoline…
Natural Gas Price Falls on Inventory Data
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 157 billion cubic feet last week, less than the drop of 160 billion to 164 billion cubic feet anticipated…
Oil Company to Explore Strategic Alternatives (END)
ThinkstockHouston-based Endeavor International Corp. (NYSE: END) announced this morning that it has hired financial advisors to assist the firm in exploring a “broad range of strategic alternatives to further enhance shareholder value.” The company’s…
Crude Price Rises after EIA Inventory Report
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 600,000 barrels last week, bringing the total U.S. commercial crude inventory to 372.2 million…
Energy Independence by 2020 — Citigroup
ThinkstockIn a report titled “Energy 2020: Independence Day,” analysts at Citigroup Inc. (NYSE: C) suggest that the United States may achieve energy independence by the end of the current decade. The analysis is based…
Solar Up After State of the Union and MEMC Earnings
ThinkstockThe State of the Union speech was of course expected to include a plug for alternative energy and the solar energy sector. Solar was credited for bringing tens of thousands of American jobs. President…
Total’s Profits Bolstered by Refining
ThinkstockTotal S.A. (NYSE: TOT) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the French oil giant posted adjusted diluted earnings per share (EPS) of $1.76 on revenues of…
IEA Lowers Global Oil Demand Forecast
ThinkstockIn its February Oil Market Report, the International Energy Agency (IEA) burst the bubble created by the idea that a better economy will raise oil prices. The economy is not that much better, the…
Where Is the Keystone XL Debate Headed?
courtesy U.S. State DepartmentU.S. Secretary of State John Kerry waded cautiously into the debate surrounding the planned Keystone XL oil pipeline during last week’s meetings with his Canadian counterpart. Supporters describe the project as…
Gasoline, Oil Price Forecasts Higher in February — EIA
ThinkstockIn its monthly Short-Term Energy Outlook released today, the U.S. Energy Information Administration (EIA) has raised its average price for a barrel of Brent crude from $105 to $109. The forecast price for a…