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.
Energy
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Auto, Petroleum Industries Get Behind Higher Octane Gas
At a Congressional hearing earlier this month, auto and petroleum industry presented a case for mandating higher octane -- and likely more expensive -- gasoline.
Wall Street Analysts Bullish on Energy as Oil Surges to 3-Year Highs
These 10 top companies, covered by some of the best firms on Wall Street, are all offering investors great entry points and the potential for solid upside.
US Oil Rig Count Rises by 5; Crude Price Dips Slightly
The U.S. land-based oil rig count rose by five this week following burst of activity in the Permian Basin. The number of offshore rigs also rose this week.
Trump Takes a Shot at OPEC Over High Oil Prices
President Trump has responded to reports that OPEC and its partners may want to reduce crude oil production even further with a tweet that prices are artificially high and "will not be accepted."
Why Schlumberger’s Earnings Beat Isn’t Helping the Stock
Oilfield services firm Schlumberger beat both profit and revenue estimates in the first quarter, but the CEO's comments on challenges to U.S. production growth have made investors cautious.
4 Oilfield Services Stocks to Buy as Oil Price Skyrockets
One thing is for sure, the energy sector offers far more value than many others and makes sense to buy now as the price of oil heads towards the $70 a barrel level.
Gas Prices Top $2.80 in 14 States
Gasoline prices are again headed toward $3 a gallon. In several states, the cost of an average gallon of regular is already above that level.
What Kinder Morgan’s Dividend Hike Portends
Pipeline and infrastructure giant Kinder Morgan raised its annual dividend by 60% last night but the company still faces a big challenge in Canada.
Natural Gas Price Trims Loss Following Inventory Drawdown
U.S. natural gas stockpiles slipped more than expected last week and demand for next week is expected to rise due to cooler weather. Prices, however, are not moving significantly higher.
Despite Oil Back Above $68 per Barrel, 10 Major Oil and Gas Stocks Still Negative So Far in 2018
With West Texas Intermediate crude oil putting in another strong day, a gain of more than $2 per barrel has put the price of benchmark crude back above $68.50 per barrel. This marked the…
Crude Oil Price Jumps on Inventory Drawdowns
U.S. petroleum inventories fell by modest amounts last week but the declines pushed crude oil prices to a high of more than $68 a barrel, a price last seen in late 2014.
SunTrust Has 5 Stocks to Buy for Higher Oil Prices
These five top stocks to Buy all make good sense for investors looking to add energy, especially companies with Permian Basin exposure.
US Shale Oil Production to Rise 124,000 Barrels a Day in May
U.S. crude oil production from seven major shale plays will rise by 125,000 barrels a day month over month in May according to the latest Energy Information Administration Drilling Productivity report.
National Average Gasoline Price Nears 3-Year High
The national average price for a gallon of regular gas rose by six cents last week to a level last seen in July 2015.