Summer Travel Will Cost Drivers $69 More Per Month
Gas prices will hit drivers in the pocket book this summer. Because of rising gas prices, the dent will be $69 more per month based on an average gallon of regular nationwide. A new…
Energy
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Short Sellers Mixed on Solar Stocks, but Are Betting Against Alt Energy
Short interest was mixed on both solar and alt energy stocks in the two-week period that ended May 31. The trend, however, is toward more short selling.
Short Sellers Run For Cover From Major Oil Stocks
Crude oil has been trading near $66 a barrel early on Tuesday. This is the lowest that crude oil has been at since mid-April. This comes after oil reached above $70 in late May…
Jefferies Says Buy Top Permian Basin Stocks Now on Recent Weakness
These three top companies in the oil- and gas-rich Permian Basin are being offered to investors at a staggering discount.
US Oil Rig Count Ticks Up as Crude Price Weakens
The number of land-based rigs drilling for oil rose by one this week, according to the weekly count by Baker Hughes.
OPEC Publishes Wrap-Up of 2017 Oil Data
On Thursday OPEC published its annual statistical review of the cartel's oil and gas market data for 2017.
Natural Gas Price Holds Gain Following Inventory Report
U.S. natural gas stockpiles rose in line with projections last week and wellhead prices held on to a solid gain already posted in Thursday trading.
4 Top Energy Midstream MLPs Could Benefit From Issues in the Permian
While the issues in the Permian Basin will not last forever, it makes sense to put some capital behind the companies that look poised to benefit now.
Crude Oil Price Tumbles on Unexpectedly Large Inventory Builds
The U.S. crude oil inventory rose last week by an unexpectedly large 2.2 million barrels. Gasoline and distillate inventories also posted larger-than-forecast increases. Crude oil prices slipped following the report.
OPEC and Russia Want Higher Oil Prices: Buy the Dip Now
With the price of West Texas Intermediate down more than 10% since May 21, it makes sense for investors to look to the producers that are making the most money on current pricing.
Consumers Finally Feeling Relief at the Pump
Oil prices continued their downward move from last week, paving the way for additional drops in gasoline prices in the near future.
Are Coal Stocks Depending on Trump’s Life-Support Plan?
A draft memo outlining a federal plan that would force electricity distribution companies to buy power from coal and nuclear plants is the president's latest attempt to make good on campaign promises he made…
US Oil Rig Count Up a Little; Crude Price Softens on Russian Production Increase
The number of U.S. land rigs drilling for oil rose by a modest 2 this week after several weeks of larger increases. Crude prices are under pressure from increased production by Russian oil giant…
Crude Oil Price Curbs Drop on Surprise Inventory Build
A larger-than-expected decrease to U.S. crude oil stockpiles moderated the drop in crude prices following Thursday's report from the U.S. Energy Information Administration.
Natural Gas Price Rises Following Inventory Report
The U.S. natural gas inventory rose by 96 billion cubic feet last week, slightly less than expected. Gas prices are up about 3.2% on the day as demand is expected to rise as the…