More solar makers saw short interest fall more than rise in the latest period. That could indicate that solar stocks are pretty much as low as they can get. One exception might be LDK,…
Reuters reports that the world largest oil trader — Vitol — continues to buy and sell Iranian oil. This could cripple efforts by Europe and the United States to pressure Iran to slow or stop…
MEMC Electronic Materials Inc. (NYSE: WFR) has had no real good news heading its way in some time. Now we have news of a customer loss, or termination, as its subsidiary MEMC Singapore Pte. Ltd.…
A group called the International Organization of Securities Commissions (IOSCO), composed of representatives from national financial regulators, had proposed changing the way commodities benchmarks, including the price of Brent crude oil, are compiled. Opposition…
Despite a drop in oil prices that has taken Brent crude from just below $100 a barrel three weeks ago to about $92, drivers have not benefited at all. AAA Fuel Gauge shows that…
Admitting that it had overestimated both the market for all-electric vehicles (EVs) and the ability of battery makers to meet consumer requirements, Toyota Motor Corp. (NYSE: TM) announced this morning that it has killed…
Independent oil and gas exploration and production company Goodrich Petroleum Corp. (NYSE: GDP) said this morning that it has received notice from the U.S. Securities and Exchange Commission (SEC) that the agency has completed…
Offshore drilling services firm Seadrill Ltd (NYSE: SDRL) is spinning off its offshore rig business to a new company to be called Seadrill Partners LLC. If a filing with the SEC, Seadrill Partners said…
The provincial court of Alberta has cleared the $15.1 billion acquisition of Canada’s Nexen Inc. (NYSE: NXY) by China’s Cnooc Ltd. (NYSE: CEO). Nexen shareholders also voted overwhelmingly in favor of the deal yesterday…
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 67 billion cubic feet, somewhat higher than the 64 billion cubic feet that analysts were expecting.…
Exxon Mobil Corp. (NYSE: XOM) announced this morning that it would pay $1.6 billion to Denbury Resources Inc. (NYSE: DNR) for 100% of Denbury’s acreage and interests in the Bakken shale play in North…
Ascent Solar Technologies Inc. (NASDAQ: ASTI) has priced an underwritten public secondary offering of shares. The solar company is selling 9,166,700 shares of common stock at $1.20 per share. This offering matters because shares…
Cheniere Energy Partners LP (NYSEMKT: CQP) is indicated lower after disclosing that the partnership is going to launch a secondary offering of 8 million common units, each of which represents limited partner interests. The…
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories rose by 8.5 million barrels last week, bringing the total U.S. commercial crude inventory to 367.6…
courtesy of BP plcOil supermajor BP PLC (NYSE: BP) has been seeking a buyer for its massive Texas City, Tex., refinery for nearly a year. The sale is part of the company’s effort to…