ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 2.6 million barrels last week, bringing the total U.S. commercial crude inventory to 371.7…
ThinkstockSatcon Technology Corp., maker of a critical solar panel component called an inverter, filed for bankruptcy protection last October, but the company couldn’t find a buyer and has announced today that it will liquidate…
courtesy of BP plcBP PLC (NYSE: BP) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the oil and gas supermajor posted diluted earnings per American depositary share (ADS)…
ThinkstockEnterprise Products Partners L.P. (NYSE: EPD) is effectively the largest of master limited partnerships out there, and now it wants to get larger. The MLP is selling some 8,000,000 common units representing limited partner…
ThinkstockMany areas of the stock market suffered near the end of 2012 during the fiscal cliff and tax debate arguments in Washington, D.C. Concern over regulations and changes in the tax code took an…
ThinkstockThe latest data from Baker Hughes Inc. (NYSE: BHI) shows that drilling rig counts in North America rose by 15 from a week ago and fell by 318 from the comparable period a year…
ThinkstockThe U.S. Environmental Protection Agency (EPA) yesterday proposed new rules and percentage standards for 2013 biofuel consumption. The agency wants U.S. drivers to use 16.55 billion gallons (about 394 million barrels) of certain renewable…
courtesy of Chevron Corp.Chevron Corp. (NYSE: CVX) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the oil and gas supermajor posted diluted earnings per share (EPS) of $3.70…
Wikimedia CommonsOil and gas supermajor Exxon Mobil Corp. (NYSE: XOM) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, Exxon posted diluted earnings per share (EPS) of $2.20 on…
ThinkstockNational Oilwell Varco Inc. (NYSE: NOV) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the oil field services and drill rig technology firm posted adjusted diluted earnings per…
ThinkstockTwo of the world’s largest oil amd gas companies have reported earnings in the past 12 hours or so, and two more will report before markets open tomorrow morning. Royal Dutch Shell PLC (NYSE:…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 194 billion cubic feet last week, below an average expected drop of around 206 billion cubic feet. Natural gas…
ThinkstockBy Daniel J. Graeber of Oilprice .com A consortium minding security issues for journalists working in hostile territory warned that credible reports revealed a threat to oil installations in Libya. Islamists based in Libya…
ThinkstockThere is a common belief among the public that chief executive officers of public companies get hundreds of millions of dollars, even when their results are not good. While that is an extreme rather…
Thinkstock The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 5.9 million barrels last week, bringing the total U.S. commercial crude inventory to…