Gas Prices Above $3.50 in Major California Cities
The price of a gallon of regular gasoline has risen above $3.50 in every major city in California. It is a harbinger of things to come for the rest of the nation.
Energy
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US Oil Rig Count Adds 5; Crude Price Up Slightly
The Baker Hughes land-based rig count total rose by eight this week. Five new rigs are out there looking for oil and three are searching for more natural gas.
How Higher Prices and Production Lifted Chevron Earnings
Chevron reported earnings that crushed the consensus estimate, but revenues fell short of expectations. Higher prices and rising production worked their magic for the company.
Why Exxon Mobil Earnings Failed to Meet Expectations
Exxon Mobil's first-quarter results did not meet consensus expectations when the company reported results Friday morning. Higher oil prices were not enough to offset production declines.
Exxon, Chevron Earnings on Deck Friday Morning
Exxon Mobil and Chevron are both expected to show higher revenues and profits, largely as a result of higher commodity prices. But there are other issues at play as well.
Natural Gas Price Rises Following Storage Report
The U.S. natural gas stockpile fell again last week during a time a year when it normally rises. But the decline was small and the stockpile should begin to rebuild this week.
Dividend Hike From Exxon Mobil Takes Aim at Chevron
24/7 Wall St. is not counting Exxon and Chevron in its list of companies that have raised their dividends for 50 consecutive years quite yet, but that may change in the years ahead.
Crude Oil Price Slips as Inventory Drops Sharply
U.S. crude oil inventories dropped more than expected last week, but the biggest changes came in how much crude and refined products were exported.
Is Chesapeake Seeing a Short Squeeze?
Short sellers dumped 20 million shares of Chesapeake Energy shares in the two-week reporting period ended April 13. Could be a short squeeze ahead of next week's earnings report.
Short Sellers Pile Into Major Oil Stocks
The April 13 short interest data have been compared with the previous figures, and short interest in these selected big oil stocks increased.
Short Sellers Look for Direction in Solar, Alt Energy Stocks
Short interest in solar and alternative energy stocks was mixed in the most recent two-week reporting period. The increases in short interest were larger than the decreases, however.
Jefferies Has 5 Huge Reasons You Should Buy Energy Stocks Now
After years of underperformance, energy finally is starting to show sector leadership. And of course, just when it does, the president shoots out a tweet last week about OPEC and the current price of…
US National Average Gasoline Price Takes Aim at Multi-Year High
The U.S. national average price for a gallon of regular gas rose by a nickel last week and is on track to post a multi-year high even before the summer driving season really gets…
Should Halliburton Earnings Have Been Better?
Before markets opened Monday, Halliburton reported first-quarter 2018 results that were in line with Wall Street expectations.
Oil Moves Toward $80 and Challenges Economic Expansion
The idea that oil might reach $80 a barrel was almost out of the question a few months ago. That has changed fairly fast.