Crude Oil Price Slips as Inventories, Production Rise
The U.S. crude oil inventory rose last week as did gasoline stockpiles. Crude oil production was also up and so were crude oil exports.
The U.S. crude oil inventory rose last week as did gasoline stockpiles. Crude oil production was also up and so were crude oil exports.
U.S. crude oil production is expected to rise by 80,000 barrels a day in December, according to a report from the U.S. Energy Information Administration.
The International Energy Agency released its monthly market report and its annual World Energy Outlook Tuesday morning. Global inventories are declining, but the market is expected to remain oversupplied through next Spring.
U.S. gasoline prices rose again last week as demand remains unusually strong for this time of year. Coupled with rising exports, prices could remain elevated through the end of the year.
OPEC production fell by about 0.5% month over month in October according to the cartel's latest Monthly Oil Market Report. October production was essentially flat with 2016's daily average of 32.64 million barrels a…
Jefferies has five oilfield services top stocks for investors to consider, two solid picks for growth accounts and three very aggressive plays.
The U.S. land-based oil rig count rose by nine this week after steady declines. Oklahoma saw six rigs added in the state and New Mexico added four to its portion of the Permian basin.
The October 31 short interest data have been compared with the previous figures, and short interest for the selected big oil stocks was mixed.
Short interest in solar and alternative energy stocks remained mixed in the two-week reporting period ended October 31. Of the seven stocks we watch, three saw an increase and four a decrease in short…
Natural gas prices remained steady after the EIA reported an addition of 15 billion cubic feet to U.S. stockpiles last week. Cooler weather over the northeast is expected to raise demand over the next…
While picking winners in the energy sector, and there may be many, the refiners stand out as big beneficiaries in the new tax bill.
U.S. crude oil inventories unexpectedly rose last week but the gain was offset by large decreases in refined products stockpiles. The futures and options markets are massively long on petroleum.
Jefferies is very positive on these four top energy companies, two of which are in the firm's Franchise Picks portfolio of high conviction stocks to Buy.
OPEC on Tuesday released its 2017 World Oil Outlook. The publication projects the future of the world's oil markets and sees at least one potential big bump in the road.
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