ThinkstockThe US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories decreased by 11.1 million barrels last week, bringing the total US commercial crude inventory to 359.9…
ThinkstockThere is a new exchange-traded product in the world of Master Limited Partnerships (MLPs). We would caution investors that this is an exchange traded note rather than an exchange traded fund. Today’s launch of…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 135 billion cubic feet last week, above an average expected drop of around 127 billion cubic feet. Natural gas…
thinkstockLooking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets was certainly a contender, as was the huge growth in U.S. oil…
ThinkstockLost among most of the discussions about the health of Venezuela’s president-for-life, Hugo Chavez, as he moves toward what seems will be an imminent death is the future of the nation’s oil exports. Chavez…
ThinkstockTransocean Ltd. (NYSE: RIG), the owner and operator of the Deepwater Horizon rig that exploded and burned in 2010, taking 11 workers’ lives and dumping 5 million barrels of crude into the Gulf of…
ThinkstockWarren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) subsidiary MidAmerican Energy Holdings Co. has acquired the 579-megawatt Antelope Valley solar projects from SunPower Corp. (NASDAQ: SPWR) for a total price of up to $2.5 billion.…
ThinkstockLast night’s agreement on a fiscal cliff deal is lifting the commodities markets this morning, especially for crude oil. Traders are reacting to the now-lessened chance of a global recession led by severe cutbacks…
ThinkstockSpain’s largest utility, Iberdrola S.A., has sold off about €850 million of assets so far in 2012, out of planned sales of €2 billion by the end of 2014. Today the Spanish firm said…
thinkstockWith the average price of Brent crude in 2012 pointed at a record high of $111.50 a barrel, it is probably no surprise that the Organization of Petroleum Exporting Countries, aka OPEC, hauled in…
ThinkstockThe US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories decreased by 600,000 barrels last week, bringing the total US commercial crude inventory to 371.1 million…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 72 billion cubic feet last week, slightly less than the expected decrease of 74 billion cubic feet. Natural gas…
ThinkstockThe oil and gas industry increased its mergers and acquisitions deals in 2012 by 38% over 2011, according to Dealogic. M&A activity totaled $348 billion in 2012, the industry’s highest total since at least…
ThinkstockWe have tracked the key short interest changes as of November 30th in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI); BP PLC (NYSE: BP); Chesapeake Energy Corporation (NYSE: CHK); Chevron…
ThinkstockWe have tracked the short interest in the following North American Solar companies as of November 30th: Canadian Solar Inc. (NASDAQ: CSIQ); First Solar Inc. (NASDAQ: FSLR); GT Advanced Technologies Inc. (NASDAQ: GTAT); MEMC…