oil and gas

Natural Gas Price Dips Following Storage Report

Posted: December 13, 2018 at 10:55 am

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

Posted: December 12, 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 1.2 million barrels last week, maintaining a total ...
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Short Sellers Hike Bets in Major Oil Stocks

Posted: December 12, 2018 at 10:15 am

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

Posted: December 12, 2018 at 7:45 am

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

Posted: December 11, 2018 at 1:50 pm

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

Posted: December 7, 2018 at 1:45 pm

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

Posted: December 7, 2018 at 10:55 am

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

Posted: December 7, 2018 at 4:54 am

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

Posted: December 6, 2018 at 11:35 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 7.3 million barrels last week, maintaining a total ...
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OPEC Likely to Cut Production: 4 Stocks to Buy

Posted: December 6, 2018 at 8:30 am

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?

Posted: December 6, 2018 at 6:25 am

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

Posted: December 6, 2018 at 4:53 am

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

Posted: December 5, 2018 at 12:40 pm

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

Posted: December 5, 2018 at 4:59 am

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

Posted: December 4, 2018 at 5:03 am

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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