oil and gas

Crude Oil Pipeline Capacity Out of the Permian Basin Is Vanishing

West Texas Intermediate (WTI) crude oil traded at a discount of $7 a barrel to Brent crude late Monday morning, but that reflects just one headwind faced by U.S. crude ...
Read Full Story »

US Oil Rig Count Unchanged This Week; Crude Price Down Slightly

In the week ended May 18, 2018, the number of land rigs drilling for oil in the United States totaled 844, unchanged compared to the previous week and 124 more ...
Read Full Story »

What’s Behind Enbridge Offer for Spectra Energy Partners

Calgary-based energy infrastructure company Enbridge Inc. (NYSE: ENB) on Thursday made a nonbinding offer to acquire the approximately 17% of Spectra Energy Partners L.P. (NYSE: SEP) it does not already ...
Read Full Story »

Natural Gas Price Steady Following Addition to US Supply

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 106 billion cubic feet for the week ending May 11. Analysts were expecting a ...
Read Full Story »

Crude Oil Price Narrows Loss as Inventory Slides

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 1.4 million barrels last week, maintaining a total ...
Read Full Story »

Geopolitics Trumps Oil Market Fundamentals: IEA

In its monthly Oil Market Report for May released Wednesday morning, the International Energy Agency (IEA) said that global crude supplies held steady in April at roughly 98 million barrels ...
Read Full Story »

Why Jefferies May Be Wall Street’s Biggest Energy Bull

It’s one thing to call a sector's turn way in advance. It’s quite another to become bullish when the underlying commodity of the sector is hitting highs not seen in ...
Read Full Story »

US Shale Oil Production to Rise 144,000 Barrels a Day in June

Between June of 2017 and June of 2018, U.S. crude oil production from seven major shale regions is forecast to rise by 1.78 million barrels of oil per day to ...
Read Full Story »

Wall Street Analysts Are All In on Energy as Oil Plows Through $70

What a week it was for the long-suffering energy investors. As expected, the president reinstated full sanctions on Iran while departing the Iran deal, which many felt was not in ...
Read Full Story »

US Oil Rig Count Surges by 10, Crude Price Dips

In the week ended May 11, 2018, the number of land rigs drilling for oil in the United States totaled 844, up by 10 compared to the previous week and ...
Read Full Story »

SunTrust Says Top Energy Stocks Could Be Going Much Higher

Those on Wall Street that were bearish on the oil patch certainly have changed their tune, and with good reason. After bottoming in 2014 at an incredible $26 per barrel, ...
Read Full Story »

Natural Gas Price Rises After Boost to US Supply

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 89 billion cubic feet for the week ending April 27. Analysts were expecting a ...
Read Full Story »

Major Oil Boom Shocks Short Sellers

Crude oil is finally back above $70 a barrel after suffering for a while. Before this, oil had not been at this price level in over two years. Crude only ...
Read Full Story »

Crude Oil Price Jumps on Iran, Lower Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 2.2 million barrels last week, maintaining a total ...
Read Full Story »

US Gasoline Prices to Average Near $3 in June, Up 20% Over 2017

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