OPEC Forecasts 2018 Crude Oil Demand at 98.85 Million Barrels a Day
In its monthly report on the global oil market, OPEC raised its estimate of global demand for 2018 to 98.85 million barrels a day.
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The 10th Anniversary of $4 Gas
Gasoline prices last reached $4 a gallon a decade ago. They are headed back in that direction. Along with the rise in prices is the anxiety that 2018 could look like 2008.
Tesla’s Giant Australian Battery Is a More Massive Success
The giant battery Tesla installed in Australia has now been operating for four months and it has taken a majority of the market for the services it provides and cut the cost by 90%.
Wall Street Analysts Are All In on Energy as Oil Plows Through $70
With the risk premium in the Middle East back on the table, and the worldwide glut of oil almost eliminated, when you add in surging demand you have all of the tailwinds needed to…
US Oil Rig Count Surges by 10, Crude Price Dips
Land-based oil producers in the United States added 10 new rigs this week and natural gas producers added three, as rig counts continue to surge on rising commodity prices.
SunTrust Says Top Energy Stocks Could Be Going Much Higher
These five top stocks all make good sense for investors looking to add energy, especially companies with Permian Basin exposure. They are also smart plays now considering that some also could be takeover candidates.
Oil Smuggling Could Be a $133 Billion Business
When the U.S. imposes new sanctions on Iran later this year, restrictions on oil exports will be a big piece of the penalty. Could Iran turn to the black market to make up for…
Natural Gas Price Rises After Boost to US Supply
U.S. stockpiles of natural gas rose by 89 billion cubic feet last week, about in the middle of analysts' expected range. Natural gas prices moved slightly higher after the report.
Major Oil Boom Shocks Short Sellers
The April 30 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks decreased.
California Gas Prices Rise Toward $4
The average price of regular in California is $3.65 a gallon. In some urban areas, the price is much higher.
Crude Oil Price Jumps on Iran, Lower Inventories
U.S. crude oil inventories fell by more than 2 million barrels last week, considerably more than expectations. Prices have jumped more than 3%, largely due to the U.S. withdrawal from the nuclear deal with…
Gas Prices Rise Above $3 in 9 States, Others Likely to Follow
Pump prices have topped $3 a gallon in nine states as of Wednesday morning. That is likely to be only the beginning of a summer driving season punctuated with more price hikes.
US Gasoline Prices to Average Near $3 in June, Up 20% Over 2017
U.S. gasoline prices will reach nearly $3 a gallon in June and average $2.90 a gallon for the whole year according to the latest Energy Information Administration Short-Term Energy Outlook.
4 Must-Buy Energy Stocks as Oil Surges Over $70 a Barrel
These four top stocks all have solid upside potential to the Merrill Lynch price targets and have yet to catch up with the commiserate price move in oil.
US National Average Gasoline Price Dips Just a Little
Gasoline pump prices dipped a little last week but the threat of a renewal of U.S. sanctions on Iran could send prices sharply higher quickly.