Merrill Lynch Picks Energy Stock Favorites
Analysts at Merrill Lynch have named their top five picks among energy stocks along with posting a couple of ratings changes and reducing price objectives on some stocks.
Energy
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Natural Gas Price Flat After Lower-Than-Expected Inventory Decline
U.S. natural gas stockpiles declined less than expected last week, but demand is expected to rise in the coming week as the eastern U.S. braces for some colder, wetter weather.
5 Permian Basin Stocks to Buy for $66 Oil This Year
The United States is expected to fulfill most of the world's growing appetite for oil over the next five years, and much of that production will come from the vast resources in the Permian…
Crude Oil Price Cuts Loss Following Inventory Report
The U.S. commercial crude oil inventory rose slightly less than expected last week. Gasoline and diesel fuel inventories fell, likely due to a large increase in refined products exports.
Can GE’s New Energy Storage Platform Help the Flailing GE Turnaround?
GE is unveiling a new battery platform called GE Reservoir that will aim to store the power produced by wind turbines and solar panels.
Exxon Outlines Aggressive Plan to Double Earnings, Cash Flow
At its annual analysts' meeting Wednesday morning, Exxon Mobil CEO Darren Woods outlined an aggressive plan to double earnings and cash flow by 2025. The stock price responded coolly, perhaps because of the huge…
US Produced Over 10 Million Barrels of Oil a Day in February: EIA
U.S. crude oil producers pumped 10.3 million barrels a day in February according to the latest Short-Term Energy Outlook released Tuesday by the U.S. Energy Information Administration.
OPEC February Production Falls Well Short of Allocations
OPEC production in February fell sharply below the cartel's agreed quota of 32.73 million barrels a day. Continuing problems in Venezuela account for all of the decline.
What Do OPEC, US Shale Honchos Talk About When They Talk About Oil?
CERAWeek, a major conference of oil industry leaders, opened Monday in Houston and the main event was not an official one. Representatives of OPEC and U.S. shale producers met for dinner to talk about…
US Oil Production to Drive World Supply in Next 5 Years
The International Energy Agency released its "Oil 2018" five-year forecast Monday morning. The agency looks to the U.S. and a few other non-OPEC countries to meet most of the demand growth over the forecast…
5 Large Cap Energy Leaders to Buy After Huge Sector Sell-Off
The poor showing for the sector has put many of its top companies on sale, and these five pay outstanding and consistent dividends.
US Oil Rig Count Rises by 3; Crude Price Maintains Small Gain
The U.S. land-based oil rig count rose by one this week and rigs drilling for natural gas increased by two for a total of 981 working rigs this week.
AAA Warns of Spring Gas Price Spike
Gasoline prices have been uncharacteristically low for the past month, but AAA expects that situation to change as spring arrives. Prices are forecast to spike this spring and remain higher into the summer.
Natural Gas Price Ticks Higher After Inventory Report
The drawdown in U.S. natural gas stockpiles was at the high end of the expected range and pushed prices up by a penny or so for April futures.
Exxon Pulls Out of Massive Russian Oil Deal
Exxon Mobil has pulled out of its joint ventures with Russia's Rosneft and taken a $200 million after-tax charge as a result.