oil and gas

Natural Gas Price Dips Following Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stockpiles decreased by 77 billion cubic feet for the week ending December 7. Analysts were expecting a ...
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Crude Oil Price Pared Gain Following Modest Inventory Drop

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 1.2 million barrels last week, maintaining a total ...
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Short Sellers Hike Bets in Major Oil Stocks

Crude oil was trading right around $52 a barrel early on Wednesday. Over the past month, crude has been down sharply, following the markets lower for the year. However, it ...
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5 RBC Global Energy Best Ideas Could Be Big 2019 Winners

The pounding the energy sector has taken since early October, over 30%, is enough to make many investors run and hide. Many of top energy companies have been beaten back to ...
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US Energy Agency Sees Big Drop in Crude Price Coming in 2019

The U.S. Energy Information Administration (EIA) on Tuesday released its Short-Term Energy Outlook (STEO) for December. EIA is now forecasting that the average price for a barrel of Brent crude ...
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US Oil Rig Count Tumbles by 10, Boosting Prices Already Spurred by OPEC Cuts

In the week ending December 7, 2018, the number of land rigs drilling for oil in the United States totaled 877, a drop of 10 compared to the previous week ...
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Natural Gas Price Firmly Higher Following Inventory Report

The U.S. Energy Information Administration (EIA) reported Friday morning that U.S. natural gas stockpiles decreased by 63 billion cubic feet for the week ending November 30. Analysts were expecting a ...
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6 Most Important Things in Business Today

The chief financial officer of Huawei Technologies will be in a Canadian court today. According to Reuters: A top executive of China’s Huawei Technologies Co Ltd who is under arrest ...
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Crude Oil Price Remains Sunk Following Massive Inventory Drop

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning showing that U.S. commercial crude inventories decreased by 7.3 million barrels last week, maintaining a total ...
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OPEC Likely to Cut Production: 4 Stocks to Buy

This fall, and again this week, has surely proved to be one of the most stomach-churning periods for investors since the beginning of 2016. Nowhere was the damage worse than ...
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What 15 Countries Are Members of OPEC, the World’s Giant Oil Organization?

OPEC, the Organization of Petroleum Exporting Countries, is the most powerful group in the world of crude exploration, production and shipment to other countries. It is made up of 15 ...
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6 Most Important Things in Business Today

An important Chinese executive was arrested in Canada based on a request by the United States. According to Reuters: The daughter of Chinese tech giant Huawei’s founder has been arrested ...
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Major Commodity Traders Investigated in Brazilian Corruption Probe

An investigation code-named "Operation Car Wash" was begun in Brazil in 2014 that targeted senior managers and company processes at Petroleo Brasileiros S.A. (NYSE: PBR), better known as Petrobras, one ...
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6 Most Important Things in Business Today

Volkswagen may make more vehicles in the United States. According to Reuters: Volkswagen AG’s chief executive said on Tuesday after a meeting at the White House that the German automaker ...
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6 Most Important Things in Business Today

The United States cannot prevent Iran's export of oil, the country said. According to Reuters: The United States will not be able to stop Iran exporting its oil and any ...
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