oil and gas

US Oil Rig Count Rises by One; Crude Price Remains Higher

In the week ended February 23, 2018, the number of land rigs drilling for oil in the United States totaled 799, one more than in the previous week and up ...
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Crude Oil Price Jumps on Bullish Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, showing that U.S. commercial crude inventories decreased by 1.6 million barrels last week, maintaining a total ...
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Natural Gas Price Ticks Up Following Inventory Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 124 billion cubic feet for the week ending February 16. Analysts were expecting a ...
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Apache Ups the Ante With Earnings and Guidance

Apache Corp. (NYSE: APA) released its most recent quarterly results before the markets opened on Thursday. The company said that it had $0.33 in earnings per share (EPS) on $1.64 ...
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Why Chesapeake Earnings Wowed Investors

Chesapeake Energy Corp. (NYSE: CHK) reported fourth-quarter and full-year 2017 earnings before markets opened Thursday. For the quarter, the oil and gas exploration and production company posted adjusted earnings per ...
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Baird Very Positive on 5 Red-Hot Permian Basin Energy Stocks

While the price of oil has taken a quick dive from the January highs when the market sputtered, it has since firmed, with West Texas Intermediate crude back over the ...
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A $1000 Investment in Exxon at the Market Bottom Would Now Be Worth $1500

One of the most difficult parts of trading is timing the markets, although in a bull market this is less of a problem. But it can be particularly difficult calling ...
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BP Energy Outlook: ‘Don’t Be Fooled’ by Recent Increases in Oil Prices

Finding, developing and extracting oil and gas is both a long and expensive game. That is a large part of the reason that oil and gas companies spend time and ...
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6 Most Important Things in Business Today

According to a report from BP PLC (NYSE: BP), oil demand will hit a top in about 20 years. MarketWatch reports: Global demand for crude oil could peak in the ...
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SunTrust Says Plunge in Oilfield Services a Huge Buying Opportunity

While oil has backed up fast since printing multiyear highs in January, it is nothing compared to the huge drop the oilfield services stocks have experienced. The industry was tagged ...
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Crude Oil Prices Recovering Lost Ground

Since reaching a top of around $66 a barrel early this month, the price of a barrel of West Texas Intermediate (WTI) crude oil dipped nearly $7 a barrel before ...
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US Oil Rig Count Rises by 7 as Crude Price Remains Steady

In the week ended February 16, 2018, the number of land rigs drilling for oil in the United States totaled 798, up by seven compared to the previous week and ...
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Will Scrap Yards Solve the Crude Tanker Glut?

Depending on when and where one looks, day rates for very large crude carriers (VLCCs) run between $8,000 and around $20,000. The sad fact is that break-even rates for these ...
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Natural Gas Price Ticks Up as Inventory Dips More Than Expected

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 194 billion cubic feet for the week ending February 9. Analysts were expecting a ...
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Phillips 66 Shrinks Warren Buffett’s Dominance With Huge Stock Buyback

As the markets and investors await the release of the top holdings of America's top fund managers and investment gurus, we have already seen news that one of the large ...
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