US Oil Rig Count Falls by 2, November Delivery Price Moves Higher

Posted: September 21, 2018 at 1:35 pm

In the week ending September 21, 2018, the number of land rigs drilling for oil in the United States totaled 866, a one fewer than in the previous week and ...
Read Full Story »

Morgan Stanley Sees Huge Upside for Oil Services in 2019 and 2020

Posted: September 19, 2018 at 12:30 pm

It has been hard for investors to make some of the same gains in the oil and gas segment since oil prices have recovered handily. That may be about to ...
Read Full Story »

Crude Oil Price Steady Following Inventory Report

Posted: September 19, 2018 at 11:10 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 2.1 million barrels last week, maintaining a total ...
Read Full Story »

US Shale Oil Production to Rise by 79,000 Barrels a Day in October

Posted: September 18, 2018 at 11:25 am

Between September of 2017 and September of 2018, U.S. crude oil production from seven major shale regions is forecast to have risen by 1.7 million barrels of oil per day ...
Read Full Story »

US Oil Rig Count Rises by 7, Prices on Track for Small Weekly Gain

Posted: September 14, 2018 at 1:35 pm

In the week ending September 14, 2018, the number of land rigs drilling for oil in the United States totaled 867, a gain of seven compared to the previous week ...
Read Full Story »

Major Oil Stocks Send Short Sellers Running for Cover

Posted: September 13, 2018 at 10:45 am

Crude oil was trading right around $69 a barrel early on Thursday. Over the past month, crude has been up and down, reaching as high as about $73 and as ...
Read Full Story »

How the September Beige Book Looks for the Oil, Gas and Energy Sector

Posted: September 12, 2018 at 2:56 pm

When investors and economists hear about a Beige Book release it is rarely a report that generates serious excitement. That said, there is almost always important information about the national ...
Read Full Story »

Crude Oil Price Holds Gains as Gasoline, Diesel Inventory Gains Outweigh Crude Decline

Posted: September 12, 2018 at 11:25 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning showing that U.S. commercial crude inventories decreased by 5.3 million barrels last week, maintaining a total ...
Read Full Story »

OPEC Raised Oil Production Again in August, Saudis Added 124,000 Barrels

Posted: September 12, 2018 at 10:25 am

In its Monthly Oil Market Report for September, released Wednesday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's average price for its reference basket fell ...
Read Full Story »

US Gasoline Price on Course to Rise More in 2019

Posted: September 11, 2018 at 1:30 pm

The U.S. Energy Information Administration (EIA) on Tuesday released its Short-Term Energy Outlook (STEO) for August EIA forecasting that the average price retail price for a gallon of regular gasoline ...
Read Full Story »

US Oil Rig Count Remains Flat, Prices on Track for 3.5% Loss for the Week

Posted: September 7, 2018 at 1:35 pm

In the week ending September 7, 2018, the number of land rigs drilling for oil in the United States totaled 860, two less than a week ago and up by ...
Read Full Story »

Merrill Lynch Shuffles the Deck on Oil Company Ratings

Posted: September 6, 2018 at 12:35 pm

Spot prices for West Texas Intermediate (WTI) crude oil posted a year-to-date low of around $59 a barrel in January and a high of more than $75 in early June. ...
Read Full Story »

Crude Oil Price Wobbles Following In-Line Inventory Report

Posted: September 6, 2018 at 11:25 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning showing that U.S. commercial crude inventories decreased by 4.3 million barrels last week, maintaining a total ...
Read Full Story »

6 Most Important Things in Business Today, Theranos Out of Business

Posted: September 5, 2018 at 5:03 am

Blood testing company Theranos went out of business. According to The Wall Street Journal: Theranos Inc., the blood-testing company accused of perpetrating Silicon Valley’s biggest fraud, will soon cease to ...
Read Full Story »

Crude Oil Price Moves Up Following Sizable Inventory Decline

Posted: August 29, 2018 at 11:05 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 2.6 million barrels last week, maintaining a total ...
Read Full Story »

crude oil prices