US Oil Rig Count Rises Again, Price on Track for Weekly Drop of Nearly 2%
The number of U.S. land rigs drilling for oil and gas rose by two this week. This marks the third consecutive weekly rise in the rig count.
Energy
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How Exxon Mobil Could Return as a Top Dow Stock in 2018
Exxon Mobil is one of the top oil and gas players in the world, and investors need to be considering how they should evaluate the company ahead.
Natural Gas Price Sets Annual Low Ahead of Storage Increase
Natural gas prices have been sinking for a week as warmer weather has stifled demand. The U.S. inventory of gas actually rose last week.
Crude Oil Price Slips Following Inventory Report
U.S. crude oil inventories dropped by 5.6 million barrels last week while gasoline inventories increased by 6.8 million barrels. Exports of both crude oil and refined products were also lower week over week.
Kinder Morgan Illinois Pipeline Explodes, Kills 2
A Kinder Morgan natural gas pipeline exploded in central Illinois on Tuesday killing two people and injuring two others. Initial reports indicate that the buried pipeline was struck by farm equipment.
Extending OPEC Cuts Will Kick Start the Permian: 4 Stocks to Buy Now
Shares of these four top companies with big Permian Basin exposure may be better suited to growth portfolios, and they are all solid additions that are offering reasonably good entry points.
US Gasoline Prices Slowly Descending
U.S. gasoline prices dropped more than three cents a gallon over the past week. Higher than usual demand has kept prices up since Labor Day, a time when prices historically have slipped.
Google Power Consumption Now 100% Green
Google announced last week that it had added 536 megawatts to its renewable energy portfolio. The company has met its goal of sourcing 100% of its power consumption from renewable sources this year.
US Oil Rig Count Rises, Crude on Track to Fall Slightly for the Week
U.S. oil producers added two new rigs this week and natural gas producers added four to raise the total U.S. land rig count to 929, more than 330 more than were in operation at…
OPEC Deal, Tax Reform Drive Friday Futures
The agreement struck on Thursday among oil-producing nations extends the production cuts through the end of next year, but leaves a way out for those who don't want to stick it out for the…
Crude Oil Prices Dip as OPEC Fails to Corral Russia: Update
OPEC ministers have agreed to extend their production cuts through the end of next year, but Russia has still not bought in to the plan.
Natural Gas Price Remains Depressed Following Storage Report
U.S. natural gas stockpiles dropped by less than expected last week, keeping a lid on prices.
Natural Gas Up a Massive 15% This Week: 4 Stocks to Buy Now
Though energy as a whole has had a very disappointing year compared with other S&P sectors, these stocks offer good value at current trading levels, and all have excellent upside potential to the posted…
Crude Oil Price Wobbles After Inventory Report, Waiting on OPEC
U.S. crude oil inventories fell last week while inventories of gasoline and diesel fuel rose. Exports also dipped last week. Prices did not move much as traders look ahead to tomorrow's OPEC meeting for…
Year-End Gas Prices Expected to Surge
Year-end gasoline prices will be at their highest level since 2014, according to the AAA. This will be the case despite a modest drop in prices from current levels.