Major Oil Stocks Send Short Sellers Running for Cover
The August 31 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks decreased.
The August 31 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks decreased.
While residents in the areas expected to suffer the heaviest impact of Hurricane Florence should not have to worry about spiking gas prices, they may be periods when fuel distribution could lead to some…
Short interest in solar and alternative energy stocks was tilted slightly in favor of short sellers. Share prices have been rising on some of the stocks making them more attractive to the shorts.
According to the EIA, America almost certainly has become the world's largest oil-producing nation. The report does not show whether the development will help keep global crude prices low.
The supply of crude oil worldwide is extremely high, but that could end quickly. The International Energy Agency reports that disruption in supply could press crude to the $70 to $80 a barrel range.…
The Fed's Beige Book release for September 12 included a lot of insight around the energy sector. The comments came from multiple regional Fed branches.
The U.S. Energy Information Administration reported Wednesday morning that U.S. commercial crude oil inventories fell by more than 5 million barrels last week. Product inventories (gasoline and distillates) rose by more than 7 million…
OPEC's monthly oil market report for September shows higher August production from cartel members and includes slight declines in growth estimates for both this year and next.
The U.S. Energy Information Administration on Tuesday released its Short-term Energy Outlook for September. The agency sees gasoline prices averaging about $2.76 a gallon this year, but rising by about 2.5% next year
The U.S. price for a gallon of regular gasoline rose by more than a penny last week, just ahead of the September 15 switch-over date to cheaper winter-grade fuel. Prices should moderate more over…
The number of U.S. land-based rigs drilling for oil fell by two this week, but the loss was offset by a gain of two new natural gas wells. Crude oil and natural gas prices…
Analysts at Merrill Lynch announced downgrades on two large-cap oil companies Thursday morning. The firm also sees one stock as "unmatched by other global oils."
U.S. crude oil inventories dropped by more than expected last week, but increases to gasoline and distillate inventories outweighed decline. Prices did not move much immediately following the report.
The U.S. natural gas inventory increased by about the amount expected last week, keeping a lid on the already depressed price.
These three energy stocks traded under the $10 level, have consensus Buy recommendations and could provide investors with some solid upside potential.