Natural Gas Price Tumbles on Low Storage Withdrawal
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks decreased less than expected for the week ending January 12.
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OPEC Lifts 2018 Oil Demand Total to 98.51 Million Barrels a Day
OPEC has raised its estimates of global oil demand for both 2017 and 2018. U.S. production in 2018 is forecast to rise by 1.15 million barrels a day.
Kinder Morgan Looks Ahead to Delay on Canada Pipeline, Benefits From New Tax Law
Kinder Morgan reported earnings after markets closed on Wednesday. The energy infrastructure company was hit by changes to the tax law, but looks forward to significant benefits over the next five years.
How Blockchain Could Change Energy Markets
The blockchain has invaded the energy sector just as it has virtually every other. While Exxon may not change its name, it's probably only a matter of time before the company announces a blockchain…
US February Crude Oil Production to Offset OPEC Cuts
U.S. crude oil production from seven major onshore shale plays is expected to rise 111,000 barrels a day month over month to a year-over-year increase of 1.8 million barrels a day.
2017 Global Clean Energy Investment Tops $333 Billion
Global investment in clean energy topped $333 billion in 2017. China spent slightly more than half that total while the United States spent about 17%.
BP Finally Swims Away From Deepwater Horizon With Environment Still Damaged
BP's long financial nightmare may be close to an end. Whether this ends the environmental effect of the incident is less clear.
Will OPEC Stick With Its Production Cuts If Oil Prices Keep Rising?
As crude oil production cuts from members of OPEC and its allies slowly drain global stockpiles, the price of benchmark Brent crude has risen to around $70 a barrel. At that level, more drilling…
US Gasoline Price Popped Higher Last Week
Gas prices in the United States rose last week as falling inventories of crude oil had a bigger impact on prices did a continuing rise in the nation's stockpiles of gasoline.
15 Major Oil, Gas & Energy Stocks With Multiple Analyst Upgrades and Price Hikes for Big Gains in 2018
24/7 Wall St. has tracked 15 major energy analyst calls in the major oil and gas stocks made so far in 2018 that should be given a second look.
US Oil Rig Count Soars by 10, Crude Price Appears Unfazed
The U.S. land rig count jumped by 15 this week. The increases to both oil and gas drilling are a result of recent price increases that are finally moving producers to increase spending on…
After 3 Years, Brent Crude Tops $70 a Barrel Again
A barrel of benchmark Brent crude oil traded above $70 in London on Thursday, the first time Brent has reached that level in more than three years. Higher consumer prices are likely to follow.
Natural Gas Price Jumps on Record Storage Withdrawal
U.S. natural gas stockpiles posted their largest-ever weekly storage withdrawal last week as the nation responded to very cold temperatures along the east coast and into some parts of the South.
Short Sellers Keep Backing Off Major Oil Stocks
The December 29 short interest data have been compared with the previous figures, and short interest for most of the selected big oil stocks decreased.
Short Interest Trends Higher in Solar, Lower in Alt Energy Stocks
Short sellers have raised their positions in most solar energy stocks while reducing positions in alternative energy stocks.