Petroleo Brasileiro SAShares of Petroleo Brasileiros SA (NYSE: PBR), known as Petrobras, are up more than 5% this morning following a wholesale price hike on diesel fuel in Brazil. The state-controlled company had been…
Cheniere Energy Partners L.P. (NYSEMKT: CQP) has announced today that its has signed “firm financial commitments” for about $3.4 billion to develop, build, and put into service the first two natural gas liquefaction plants…
Bank of America Merrill Lynch is cutting its expectations on the S&P 500 Index, and therefore ultimately on the SDPR S&P 500 (NYSEMKT: SPY)i n its Macro/Investment Strategies call. Today’s downgrade was on earnings in…
courtesy International Energy AgencyThe International Energy Agency (IEA) today released its monthly report for July. Yesterday we got OPEC’s take on the state of the oil market, and the day before that we got…
Higher demand from growing East Coast markets coupled with favorable economics even at currently low prices point to a continued boom in natural gas production from the Marcellus shale play according to a new…
The US Department of Agriculture today lowered its estimate of the US corn crop by 20 bushels/acre, from 166 to 146. The cut comes as hot, dry weather continues to plague the nation’s corn-growing…
Natural gas producers Chesapeake Energy Corp. (NYSE: CHK) and Encana Corp. (NYSE: ECA) are currently being investigated by the US Justice Department as a result of a report last month from Reuters that the…
In its monthly Oil Market Report released today, OPEC projects that demand for crude would rise by an average of 900,000 barrels/day in 2012 and that growth would decline to 800,000 barrels/day in 2013.…
The US Energy Information Administration (EIA) today released the latest update to its Short-Term Energy Outlook for 2012. The agency has lowered its estimated second half of 2012 average price for a barrel of…
Gasoline prices have began to fall again, roughly following the price of oil as usual. The AAA Fuel Gauge showed the average price for a gallon of regular nationwide was $3.381 yesterday, compared to…
As WTI crude prices dropped close to $85 again, Americans have more reasons to cheer lower gasoline prices, which are loosely linked to the price of oil. A gallon of regular, based on a…
Four and a half years of studies and five failed votes in the House later, exactly where are we with the Keystone XL pipeline? Stuck on the US-Canadian border where it is likely to…
Shares of Patriot Coal Corp. (NYSE: PCX) are up nearly 30% today and other coal companies are tagging along. James River Coal Co. (NASDAQ: JRCC) is up almost 9.5%, Arch Coal Inc. (NYSE: ACI)…
The Chinese government has increased its planned installation of solar energy projects by 2015 from 5,000 megawatts to 21,000 megawatts. And at least one analyst expects the total to climb to more than 30,000…
Marathon Petroleum Corp. (NYSE: MPC) has filed with the SEC for the IPO of a new pipeline company, MPLX LP, that would operate as a master limited partnership (MLP) and trade on the NYSE…