Brent Crude Retreats Toward $100
Futures for Brent crude continue to move closer to $100. Saudi Arabia’s oil minister said that the $100 level would be ideal for his nation’s finances, and, he believes those of the portion of…
Energy
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Newest first · Page 371Fitch Reviews Oil & Gas Operations and Reserves
Fitch Ratings is out with a statistical review of operational metrics at a number of oil & gas companies. The review notes a handful of emerging trends: Finding, development, and acquisition (FD&A) costs are…
Renesola: Finally Some Good News in the Solar Sector (SOL, FSLR, SPWR, LDK, STP, YGE, JASO, JKS)
When the company reported fourth quarter earnings in March, it set expectations for the first quarter fairly low. Renesola posted an EPS loss of -$0.23, better than the expected loss of -$0.31, and revenue came…
IEA Oil Market Data: Demand, Supply Rise
The International Energy Agency this morning released its April report on the global oil market. The short version of the story is that global consumption of oil is expected to rise to an average…
Natural Gas Inventories Rise Slightly, Price Essentially Flat
Robert Murray http://www.geograph.org.uk/photo/1449653The US Energy Information Administration today reported the US natural gas stocks rose by a total of 30 billion cubic feet, identical with the increase that analysts had expected. Natural gas prices…
Solar Industry Takes Another Blow (WFR, FSLR, SPWR, STP, YGE)
One piece of the solar industry that has taken a bigger hit to prices than the panel makers, it’s the polysilicon wafer makers. Case in point is MEMC Electronic Materials Inc. (NYSE: WFR) which…
Tesla Glides by Poor Results (TSLA, F, GM, TM, HMC)
Over the past 12 months, the best performing car maker stock is — drum roll — Tesla Motors Inc. (NASDAQ: TSLA). Shares in the maker of electric vehicles (EVs) are up more than 18%.…
OPEC Market Forecast Sees Global Crude Demand of 89 Million Barrels/day
In the May version of OPEC’s monthly Oil Market Report, the cartel keeps its previously forecast global demand total for 2012 at just under 89 million barrels/day. Demand is growing in Japan where the…
US Crude Oil Inventories Rise, Gasoline Stocks Drop
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 3.7 million barrels last week, bringing the total US commercial crude inventory to 379.5…
MarkWest Prices Another Secondary Offering (MWE, APC, CVX, CHK, REXX)
For the second time in two months, MarkWest Energy Partners L.P. (NYSE: MWE) has launched a secondary offering of common units to support the company’s expansion plans. In March, MarkWest sold 6.8 million common…
One Small Solar Merger Could Trigger More Solar Mergers (WEST, FSLR, SPWR, LDK, WFR, TAN)
Westinghouse Solar, Inc. (NASDAQ: WEST) may have some good news for the entire solar sector. The company has announced a merger agreement between it and CBD Energy Ltd. (ASX: CBD). The agreement is a…
Oil Drops To $97
Oil has passed $97 on its way down to what some analysts believe will be $90 or less. That would be a reset of more than 15% down over two months. The worry about…
Crude Oil on Five-Day Losing Streak
WTI crude oil fell for a fifth straight day today, closing down -1% at $97.01. The price of crude futures fell as low as $95.52 at one point during the day. Tomorrow could be…
US Average Gasoline Price Forecast Lowered
The US Energy Information Administration (EIA) released its updated Short-Term Energy Outlook today, and the good news for drivers is that the forecast for gasoline prices for the Spring and Summer has been lowered…
Iran Trades Oil for Yuan, Rupees, and Junk
One way that Iran has found to combat the tightening international sanctions on its crude oil sales is to accept payment in something other than US dollars. The Iranians have been selling oil to…