Natural Gas Prices Move Higher on Large Storage Draw
The weekly report on U.S. natural gas storage showed a larger-than-expected withdrawal last week. That has pushed prices up slightly on the NYMEX.
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Major Oil Short Interest Matches Rising Prices
The January 12 short interest data have been compared with the previous figures, and short interest in these selected big oil stocks increased.
Short Interest Bounces Higher in Solar, Mixed in Alt Energy Stocks
Short interest in alternative and solar energy stocks was jumbled in the two-week period to January 12. Short interest rose on the solar stocks we follow and fell on the alt energy stocks.
Crude Oil Price Tops $65 on Storage Drawdown
Even though U.S. crude oil declined by a smaller-than-expected amount, prices rose to more than $65 a barrel for WTI.
Oilfield Services Turning Red Hot: 3 Top Stocks to Buy Now
The Merrill Lynch analysts remain positive on the U.S. land-based oilfield services companies, and three are top picks for investors now.
How Many Jobs Will Solar Module Tariff Cost?
The U.S. president's decision to slap a tariff on imported solar modules is expected to lead to a decline in new solar projects. But it could have been much worse.
US Gasoline Price Remains High but Did Not Rise Last Week
Gasoline pump prices did not rise week over week, but they didn't fall either and remain significantly higher than usual for this time of year.
Corporations Add Record Amount of Green Energy in 2017
Global corporate purchases of long-term green energy contracts reached a record high in 2017.
Philadelphia Refinery Files for Chapter 11 Protection
The largest oil refiner on the East Coast filed for bankruptcy protection over the weekend. Philadelphia Energy Solutions' two plants have a capacity to refine 335,000 barrels a day of crude oil.
What Halliburton Earnings Reveal About Oilfield Services Sector
Oilfield services firm Halliburton beat earnings and revenues estimate, excluding a charge for its Venezuelan business and the recent change in the tax law. The CEO is optimistic about the current year.
Could Oil Go Back to $100 and Threaten Economy?
If the price of gas and other oil-based products soar and stay that way for any long period, the global economy would be crippled.
US Oil Rig Count Drops by 10, Crude Price Continues Slide
The number of U.S. land-based rigs drilling for oil fell by 5 during the week, giving back half the rigs added in the prior week.
Why Schlumberger Q4 Earnings Disappointed Investors
Oilfield services giant Schlumberger reported profits and revenues that beat expectations for both the fourth quarter and the year. Investors were still not impressed.
Crude Oil Supply to Top Demand in 2018: IEA
The International Energy Agency on Friday issued its monthly oil market report for December. The agency sees supply outstripping demand in 2018. That usually means lower crude oil prices.
Crude Oil Price Turns Higher on Big Inventory Draw
The U.S. crude oil inventory dipped by nearly 7 million barrels last week, but gasoline inventories, crude oil production and both crude oil and refined product exports rose sharply.