courtesy Chesapeake Energy Corp.Continuing the process of dumping properties in order to raise cash to pay down debt it incurred to purchase the properties in the first place, Chesapeake Energy Corp. (NYSE: CHK) said…
In its monthly Oil Market Report released this morning, the International Energy Agency (IEA) raised its global demand projections for 2012 and 2013 by 100,000 barrels a day to 89.8 million barrels a day…
The U.S. Energy Information Administration (EIA) today released its latest update to the agency’s Short-Term Energy Outlook. The update includes a number of changes: Crude oil prices are forecast to decline in the last…
Energy stocks were generally higher yesterday as shares reacted positively to China’s latest stimulus package and the expectations for more. Coal stocks did particularly well, but solar stocks also moved a little higher. The…
Polypore International Inc. (NYSE: PPO), which makes specialized membranes for lithium-ion batteries, has lowered its outlook for the second half of 2012. The company cited “results through July and August” as the culprits for…
The Organization of Petroleum Exporting Countries (OPEC) today released its monthly report for September. For the month of August, the demand growth forecast for crude oil remained at 900,000 barrels per day, unchanged from…
The U.S. solar PV market rose sharply in the second quarter of 2012, compared both to the previous quarter and year-over-year. Total solar PV installations in the U.S. during the second quarter amounted to…
Drill rig operator Transocean Ltd. (NYSE: RIG) this morning announced the sale 38 of its shallow-water drilling rigs to a consortium of private equity firms called Shelf Drilling International Holdings Ltd. for $1.05 billion…
courtesy of BP plcBP PLC (NYSE: BP) has confirmed some news reported earlier by Reuters on an update of its planned asset sales. BP is selling its interests in a number of oil and…
After six years of back-and-forth with the U.S. government, Royal Dutch Shell PLC (NYSE: RDS-A) (NYSE: RDS-B) yesterday began drilling a well offshore of Alaska in the Chukchi Sea, and the company will begin…
Each of the two major reports of national gasoline prices shows that the cost per gallon continues to rise. This at a time when the U.S. consumer needs as much discretionary income as possible as…
Baker Hughes Inc. (NYSE: BHI) has just released its key weekly rig count data. The report shows that the United States is -30 from last week down to 1864 rigs, while Canada’s rig count…
Well, its official – the U.S. government has acknowledged that the U.S. is in the worst drought in over 50 years, since December 1956, when about 58 percent of the contiguous U.S. was in…
This morning’s disappointing employment numbers from the Labor Department haven’t stopped Delta Air Lines Inc. (NYSE: DAL) investors from pushing shares 3% higher in morning trading to nearly $9.50 per share. The 52-week range…
Wikipedia/Public DomainDelta Air Lines Inc. (NYSE: DAL) will move further into the oil refinery business as a means to keep its fuel costs low. While other airlines have not followed into the business, the play…