No Crude Spike from Isaac
Oil traders ignored the fact that Hurricane Isaac, now a Category 1 storm, stepped ashore in Louisiana. WTI crude actually dipped nearly $1 to $95.55. Despite the billions of dollars of damage the rain…
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Newest first · Page 355G7 Begs for More Oil
The Group of Seven finance ministers asked the world’s largest energy-producing nations to increase the supply of oil. The ministers released a call to that effect: We stand ready to call upon the International…
G7 Nations May Ask for More Oil Production
Rumors have come out of France that G7 financial ministers will ask the largest oil-producing nations to increase supply. Prices have crept up sharply again since they sold off early in the summer. WTI crude sits at about…
Impacts of Low Prices on Natural Gas Liquids Processors (DCP, DPM, EPD, MWE, OGE, RGP, SEC, ETE, WES, WPZ)
Since the end of 2011 prices for natural gas liquids (NGLs) have fallen sharply from about 65% of the WTI crude price to below 50% of the WTI price in the second quarter. The…
Oil and Gas Withstanding TS/Hurricane Isaac
Tropical Storm Isaac is set to become a hurricane before making landfall in Louisiana. The storm is not expected to be a major hurricane, but there is a saying that all hurricanes are major…
Brent Crude Under $113 as Isaac Approaches
Even as Tropical Storm Isaac heads into the Gulf of Mexico and forces companies to halt U.S. oil production there, Brent crude remained steady below $113 a barrel. Brent went as high as $115.50…
Tropical Storm Isaac Shuts Gulf Coast Refineries
As Tropical Storm Isaac is forecast to turn into a Category 2 Hurricane before its makes landfall near New Orleans, it has caused large oil firms to shut many of their platforms in the…
Some Chemicals Makers Prosper, Some Face Challenges (TPC, CBT, EMN, DOW, DD, LYB, WLK, XOM, CHK, EOG)
The chemicals industry is not ordinarily thought of as action central, but there have been some recent moves, including one today, that are stirring things up. Two private equity firms, First Reserve Capital and…
Oil and Gas Short Interest Subdued on Rising Oil Prices (BHI, BP, CHK, CVX, COP, EPD, XOM, KMI, NOV, PSX, SLB, RIG, VLO)
With the exception of Chesapeake, which is seen as primarily a natural gas company with lots of problems, the oil and gas firms are not heavily shorted. Nobody really thinks the price of oil…
Amazing: Short Interest in Solar Stocks Cools Off (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),…
Hurricane Isaac Poised to Strike U.S. Economy
Isaac, now a Category 1 hurricane that could become a Category 2, will have some effect on the U.S. economy even if it does not make a direct hit on a major city. Damage estimates to…
Gasoline Prices Rise Again
The nationwide average price for a gallon of regular rose seven cents over the past two weeks, according to the Lundberg Survey. That puts the price at $3.76. In the previous two weeks, the price…
North American Rig Count Drops by 16 (BHI, SLB, HAL, OIH)
Baker Hughes Incorporated (NYSE: BHI) has reported that the North American rig count totaled 2,232 this week, down from 2,240 the week before and down from 2,483 in the same period a year ago.…
Bakken Oil & Gas Assets Change Hands (BKH, QEP)
Black Hills Corp. (NYSE: BKH) has sold about 85% of the company’s assets in the Bakken and Three Forks shale plays in the Williston basin for approximately $243 million in cash. The effective date…
TS/Hurricane Isaac Posing Threat To Gulf Oil & Gas Production
What is currently Tropical Storm Isaac is expected to become Hurricane Isaac by Tuesday morning in the Gulf of Mexico. The projections before the last 18 to 24 hours showed this looking more and…