SM Energy Asset Sale Energizes the Bulls
SM Energy has announced the sale of more than 110,000 acres in the Powder River Basin for $500 million in cash to an unidentified buyer.
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Crude Oil Price Dips as Petroleum Inventories Balance
U.S. commercial crude oil inventories dropped by nearly 5 million barrels last week, but gains in both gasoline and distillates nearly offset the drop.
High Oil Prices, the Return of $3 Gas a Threat to the Economy
If $70 a barrel oil becomes the new normal, $3 a gallon gasoline prices are just behind it. That cannot be good for the economy in almost all cases.
Nine Energy Announces Potential Pricing for IPO
Nine Energy Service expects to price its 7 million shares in the range that results in an initial public offering valued up to around $185 million.
US Gasoline Price Increase Barely Visible Last Week
Gasoline prices rose by less than a penny last week, and prices should not change much between now and Valentine's Day.
US Oil Rig Count Tumbles, Crude Price Dips Below $62
Baker Hughes reported Friday afternoon that the U.S. land-based oil rig count dropped by five this week. With crude prices at around $62 a barrel, rig counts could begin climbing again.
Jefferies 5 Top Buy-Rated Oil Field Services Stocks for 2018
With the OPEC production cuts helping to thin out bloated inventories, and demand remaining very robust, the oil service companies may be set for a very solid year.
Natural Gas Sets New Price Record Ahead of Northeast Storm
The major winter storm driving through the northeast U.S. sent natural gas spot prices delivered to New York City to an all-time high on Wednesday.
Crude Oil Price Steady as Gas, Diesel Stockpiles Soar
The U.S. crude oil stockpile fell again last week, but refineries were running at nearly 97% of capacity and stockpiles of gasoline, diesel, and heating oil soared.
Natural Gas Price Stumbles as Bitter Cold Moves East
The U.S. natural gas inventory dropped by more than 200 billion cubic feet last week, near the low end of the estimated range. The report is weighing on prices.
2018 Oil & Gas Outlook: Why Exxon and Chevron Could Unexpectedly Outshine the Market
For the Dow to make its target in 2018, it seems that Chevron and Exxon Mobil are going to have to do better ahead for their shareholders.
US Gasoline Prices Continue Rising as Cold Weather Hikes Demand
The national average price for a gallon of regular gasoline rose six cents last week to $2.49, its highest level in more than a month and up nearly 15% year over year.
BP Says US Tax Changes to Cost $1.5 Billion in Q4
Oil giant BP said this morning that it expects to take a $1.5 billion one-time, non-cash charge related to the new U.S. tax law. The company also expects an unspecified longer-term benefit from the…
A Threat of Higher 2018 Gas Prices as Oil Hits 2.5 Year Peak
Gasoline prices are driven by several things, including proximity to refineries, states taxes and levies, and oil prices. Oil prices have the largest effect by far.
US Oil Rig Count Flat, Price on Track to Close Above $60
The U.S. land-based oil rig count was unchanged again this week. The natural gas rig count fell by two week over week.