US Gas Prices Dropped for Third Straight Week
The national average for a gallon of regular gasoline fell for the third consecutive week and has reached a price last seen by U.S. drivers in April.
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US Oil Rig Count Up by 2, Prices Claw Back Some Weekly Losses
The U.S. land-based oil rig count rose by two this week and the natural gas rig count dropped by one. Spot prices are lower again this week on both energy commodities.
Why Phillips 66 Earnings, Revenues Soared
Oil refiner Phillips 66 blew past estimates for both earnings and revenues. The company's secret: cheap Canadian crude that is only getting cheaper.
Natural Gas Price Dips After Storage Report
The U.S. Energy Information Administration reported an addition of 58 billion cubic feet to the country's stockpile of natural gas for the week ended last Friday. Commodity prices dipped slightly following the report.
Short Sellers Grow More Selective on Major Oil Stocks
The October 15 short interest data have been compared with the previous figures, and short interest moves in these selected big oil stocks were mixed.
Short Sellers Raise Their Bets on Solar, Alt Energy Stocks
Short sellers piled into solar energy stocks in the two-week reporting period that ended October 15. Alternative fuel stocks were also targets.
Crude Oil Price Rising Slightly Following Inventory Report
The U.S. commercial crude oil inventory rose by 6.3 million barrels last, slightly less than the prior week's total. Refinery maintenance has lowered utilization to below 90% for the third straight week.
US Gas Prices Dropped Again Last Week
The national average price for a gallon of regular gas dropped by nearly 5 cents last week and nearly every state saw a decrease in pump prices for the period.
Lower Schlumberger Price Targets Cloud Oil Services Sector Recovery Prospects
Schlumberger has performed horribly in 2018, and the small gain after Friday's earnings announcement has been followed by even more selling pressure.
Secret Oil Spill Could Become Largest in America’s History
A series of leaks from oil wells in the Gulf of Mexico would together create the largest oil spill in U.S. history.
Should Investors Really Be Pleased With Halliburton Earnings?
Oilfield services provider Halliburton reported quarterly results Monday morning that were slightly better than analysts expectations. Investors appear satisfied but the company's bar was set pretty low and the outlook could be shaky.
Can Exxon Mobil and Chevron Earnings Escape the Oil Trap?
Crude oil prices have been volatile for the past couple of weeks and U.S. supermajors Exxon and Chevron have been getting knocked around.
US Oil Rig Count Increases by 4, Prices Give Back Some of Their Daily Gain
The number of land-based rigs drilling for oil in the United States rose by four this week. There are 154 more rigs working this year than at the same point last year.
Schlumberger’s Q3 Earnings Cleared a Low Bar
Oilfield services firm Schlumberger beat estimates for EPS on Friday but fell short on revenues. The firm is looking for an upturn in business beginning next year.
Record US Oil Exports Could Go Higher: 3 Dividend Energy Stocks to Buy Now
Recent market volatility has knocked top energy stocks back down. These three make sense for investors wanting to add energy stocks that are more conservative and pay dependable dividends.