Saudi Arabia to Ship More Crude
The Financial Times, in an exclusive report, says that Saudi Arabia will ship additional crude to some of the world’s largest consuming nations. The kingdom fears that the increasing cost of oil will stifle what…
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Newest first · Page 352The Greenest American Presidents
Asked to name top 10 greenest U.S. presidents, most Americans would probably come up with one name at the top of the list but might have a little trouble naming the next 9. Some…
Shuffling the Deck in Oil & Gas Exploration (EPL, MRO, CVX)
Yesterday a relatively small independent oil & gas firm, EPL Oil & Gas Inc. (NYSE: EPL) acquired three Gulf of Mexico fields from privately held HilCorp Energy GOM Holdings LLC for $550 million. EPL’s…
Oil Trends Fighting “Panic Sell” Trading
The unusual, and yet totally unexplained, drop in the price of oil on Monday has created some serious shake outs in the price and the trends in oil. With NYMEX WTI crude reaching to just…
Quick Oil Drop, When SPR Speculation Turns into Rumors
What happens when too many market pundits start to talk about a possibility? Usually, it becomes a market rumor. Active traders (and penny-pinching consumers) have noticed that speculation about the administration’s possible release of…
Oil Refiners Suffer from Double Whammy Today (VLO, PSX, MPC, HFC, TSO, WNR, UGA)
Oil refiners have been hit today with a double dose of bad news. Over the past three months, stocks in refiners are up from 26% to 78% as the companies have managed to keep…
More Bad News at LDK Solar (LDK, STP, JASO, TSL)
Solar panel maker LDK Solar Co. Ltd. (NYSE: LDK) this morning reported a second-quarter net loss of $2.00 per American depository share (ADS) on revenue of $235.4 million. In the same period a year…
Shell Halts Offshore Drilling in Alaska
It was just one week ago today that Royal Dutch Shell PLC (NYSE: RDS-A) (NYSE: RDS-B) began drilling a well in the Chukchi Sea off the north coast of Alaska. The company ran into…
Crude Surges Above $100
The price of NYMEX traded crude moved above $100, on the heels of the Fed’s QE3 announcement and civil unrest in the Middle East — much of its against U.S. interests. The price reached an intraday high of $100.42.…
U.S. Sticks its Nose in Chinese-Canadian Energy Deal
The $15.1 billion offer from China’s state-controlled Cnooc Ltd. (NYSE: CEO) for Canadian-based Nexen Inc. (NYSE: NXY) is currently being reviewed by the Canadian government, with a decision expected by November. Cnooc said last…
Japan to Shut Down Nukes by 2040 (RDS-A, CVX, COP, KYO, FSLR, SPWR)
Wikimedia commons / Stefan KühnFollowing last year’s disaster at Japan’s Fukushima Daiichi nuclear power plant, Germany said it would abandon nuclear power generation in the country by 2022. Early today, Japan announced that it…
The Oil Price Dilemma Returns
Driven mostly by the Federal Reserve’s QE3 announcement, WTI crude prices leapt to within a few pennies of $100, and Brent is above $117. WTI crude prices already had moved up sharply from the June low of just…
Natural Gas Supply Growing More Slowly (XOM, CHK, EOG, UNG, OIH)
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 27 billion cubic feet, in line with the 28 billion cubic feet that analysts were expecting.…
Solar Stocks Short Interest: Geography Matters (CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE)
We tracked the short interest in the following North American solar companies: Canadian Solar Inc. (NASDAQ: CSIQ), First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ: GTAT), MEMC Electronic Materials Inc. (NYSE: WFR)…
Crude Oil, Gasoline Inventory Surprises
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories rose by 2 million barrels last week, bringing the total U.S. commercial crude inventory to 359.1…