Continental Resources Inc. (NYSE: CLR) saw shares rise this week after the company announced some very ambitious growth plans. How many companies tell you that they aim to triple in the next five years…
In its October monthly report, the Organization of the Petroleum Exporting Countries, or OPEC, cited the weak global economy as cause for lowering its forecast for world oil demand by 100,000 barrels to 800,000…
The U.S. has just overtaken Canada as the world’s largest exporter of wood pellets. According to the North American Wood Fiber Review, U.S. exports of wood pellets in the first half of 2012 totaled…
courtesy of Chevron Corp.The U.S. Supreme Court today denied an appeal from Chevron Corp. (NYSE: CVX) to block an $18.2 billion judgment against the company as a result of a pollution case in Ecuador.…
In a new report issued today, the International Energy Agency (IEA) declares that “Iraq’s energy sector holds the key to the country’s future prosperity and can make a major contribution to the stability and…
Last week the International Organization of Securities Commissions (IOSCO) issued a report largely gave the world’s oil trading markets a pass. It didn’t want to, but the original draft which called for more transparency…
While solar panel makers have been suffering from falling prices and over-capacity, U.S. solar installers have been taking advantage of the cheap panels and devising new financing schemes to grow their businesses. One of…
courtesy BP plcMarathon Petroleum Corp. (NYSE: MPC) announced this morning that it has purchased the 451,000 barrel per day Texas City refinery from BP PLC (NYSE: BP) for $598 million. Included in the sale…
Governor Edmund G. Brown Jr. ordered the state’s California Air Resources Board (CARB) to move to allow refineries to make winter-blend gas. The action normally does not occur until October 31. Brown’s office released…
Most of the media reports about gas prices in California cover the fact that gas prices in some parts of the state have moved above $5. But, for drivers who use premium, the prices…
Shares of First Solar Inc. (NASDAQ: FSLR) are down more than 8% in early trading today following a downgrade from Avian to Negative and a report that one of the components in the company’s…
A gallon of unleaded gasoline cost an average of $4.49 in California yesterday. In San Francisco, gasoline is a dime per gallon more expensive. Gas stations are closing either because they cannot get gasoline…
Four major oil and gas companies have reached an agreement on the route of an 800-mile natural gas pipeline to transport gas from Alaska’s North Slope to a port on the state’s southern coast.…
Dan Loeb’s hedge fund, Third Point LLC, has put together a “significant” stake in Murphy Oil Corp. (NYSE: MUR) and filed with the SEC to buy even more. Murphy today acknowledged that it continues…
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 77 billion cubic feet, somewhat higher than the 71 billion cubic feet that analysts were expecting.…