US Gas Prices Dropped for Fourth Straight Week
U.S. retail gasoline prices have reached their lowest point since April according to weekly data from Gasbuddy. Pump prices fell in 48 states over the last week.
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Natural Gas at 12-Month High on Cold Forecast, Short Covering
Natural gas prices are at 12-month highs following a forecast of colder weather coming later this week. Short covering is adding to the boost in both commodity prices and stock prices for major producers.
US Reimposes Iran Sanctions; Crude Prices Move Higher
U.S. sanctions against Iran went into effect today, six months after the Trump administration announced the sanctions. The impact on crude markets has been downgraded over the period, but prices did move a bit…
Why Credit Suisse Sees Chevron More Valuable Than Exxon Mobil
Last week's earnings brigade included oil giants Chevron and Exxon Mobil. Now Wall Street analyst is calling for Chevron to be a better value than its rival.
What’s Driving Merger Mania in the Oil Patch?
In the past week, three deals in the oil patch combined for a total of more than $11 billion, not including debt assumptions. Are there a lot more deals--even smaller ones--to come in the…
US Oil Rig Count Drops by 1, Crude on Track to Lose More Than 6% for the Week
The U.S. land-based oil rig count dropped by one this week but is contributing nothing to the week's price decline for crude oil.
Chevron Thrives on Higher Prices, More Production
Chevron beat the third-quarter consensus profit estimate but was light on revenue. Higher prices and increased volume
Exxon Mobil Easily Beats Estimates on Higher Prices, Production
Higher prices for crude oil and a modest increase in production added up to a solid third-quarter earnings beat for Exxon Mobil.
Did Encana Pay Too Much for Newfield Exploration?
Calgary-based Encana has agreed to pay $5.5 billion in an all-stock deal for Texas-based Newfield Exploration and to assume $2.2 billion in Newfield debt. This could be a better deal than it looks like…
Natural Gas Price Loses Gains Following Inventory Report
The U.S. natural gas stockpile rose slightly less than expected last week, but the effect on prices was still negative likely due to a more moderate weather forecast for the next week.
Stifel Likes 5 Top Energy Stocks as Solid Q3 Earnings Start to Roll In
With earnings for many of the top energy exploration and production companies right around the corner, and the stock prices much lower than earlier this year, now may be a good time to add…
Is Chesapeake Biting Off More Than It Can Chew in This Transformative Acquisition?
If this was a decade ago, investors might not have flinched at hearing that Chesapeake Energy was going to make a large acquisition. In 2018, things are quite different.
Crude Oil Price Up Slightly as Exports Rise, Refineries Stay in Maintenance Mode
The U.S. Energy Information Administration reported Wednesday that U.S. stockpiles of crude oil rose last week while gasoline and diesel fuel inventories declined. Crude production rose to more than 11 million barrels a day…
Chesapeake Beats Estimates, Then Spends $4 Billion on an Acquisition
Oil & gas producer Chesapeake Energy reported better-than-expected profits and revenue Tuesday morning. Then the company announced a $4 billion acquisition and investors rushed for the exits.
How BP Doubled Q3 Profits
Oil & gas giant BP reported third-quarter results early Tuesday morning. The company blew past both top and bottom line estimates.