Positive Predictions for U.S. Pump Prices
ThinkstockBy Jen Alic of Oilprice.com Prices at the US pump are on the rise again for the first time since October, but the good news is—according to analysts—this year should see overall lower gas…
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Newest first · Page 334Kinder Morgan Raises Payouts
ThinkstockBoth Kinder Morgan Energy Partners L.P. (NYSE: KMP) and Kinder Morgan Inc. (NYSE: KMI) reported fourth quarter and full year 2012 results after markets closed today. KMP will pay a distribution of $1.29 per…
MLPs Kick Off 2013 IPOs
ThinkstockThe first initial public offering (IPO) of the year went off yesterday as USA Compression Partners L.P. (NYSE: USAC) priced 11 million common units at $18 per unit. By the end of the day,…
Crude Oil Supply Posts Surprise Drop
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 1 million barrels last week, bringing the total U.S. commercial crude inventory to 360.3…
Conoco Sheds Rocky Mountain Assets
ThinkstockIn another asset sale intended to streamline the company’s project portfolio, ConocoPhillips (NYSE: COP) announced that it had sold its properties in the Cedar Creek Anticline area of North Dakota and Montana to Denbury…
Exxon May Pass Apple in Market Cap
Wikimedia CommonsApple Inc. (NASDAQ: AAPL) passed Exxon Mobil Corp. (NYSE: XOM) over a year ago to become the world’s largest company by market cap. It appears that the two could reverse positions again. Apple’s…
New MLP ETF Focuses on Small Cap MLPs (MLPJ, SPH, NTI, ARLP)
ThinkstockIf investing in master limited partnerships was getting confusing already, now investors have a new investment vehicle that allows them to invest in the smaller or “junior” MLPs without taking on the risks of just…
The Year of the Refiners
ThinkstockBy Jen Alic of Oilprice.com New pipelines may provide new revenue for US refiners, which have seen big gains in 2012 and are now seeking to ride the wave of success. HollyFrontier Corp (NYSE:HFC),…
Icahn Loading Up on Transocean Shares
ThinkstockIn a filing this morning with the Securities and Exchange Commission, Transocean Ltd. (NYSE: RIG) reported that activist investor Carl Icahn now owns a stake amounting to 1.56% of Transocean’s issued shares. Icahn also…
Seaway Pipeline Open for Business
ThinkstockCrude oil transportation on the Seaway pipeline resumed today at the pipeline’s full capacity of 400,000 barrels a day now available to shippers wanting to move crude from the storage point at Cushing, Oklahoma,…
Tokyo Quiet as U.S. Sailors Sue for Radiation Exposure
ThinkstockBy Jen Alic of Oilprice.com Tokyo Electric Power Co. (TEPCO) lied about the dangers of radiation exposure, according to eight U.S. sailors involved in disaster relief operations following the March 2011 Fukushima meltdown. Now…
Kinder Morgan to Expand Pipeline from Alberta
ThinkstockPipeline master limited partnership Kinder Morgan Energy Partners LP (NYSE: KMP) announced this afternoon that it will update the scope of its expansion of the Trans Mountain pipeline system that currently moves about 300,000…
Saudis Cut Crude Production in December
ThinkstockPrices for WTI crude have risen above $94 a barrel for the first time in nearly four months today, reaching a high point of $94.70 a barrel on the Nymex. Brent prices have also…
Total Cuts Natural Gas Investments, Chesapeake Shares Hit
ThinkstockIn January 2010, France’s supermajor oil & gas company Total SA (NYSE: TOT) paid about $2.25 billion for a 25% stake in the Barnett shale leases owned by Chesapeake Energy Corp. (NYSE: CHK). The…
Natural Gas Inventory Declines, Price Up Slightly
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 201 billion cubic feet last week, above an average expected drop of around 186 billion cubic feet. Natural gas…