Energy
Energy Articles
The U.S. land-based oil rig count rose by one this week and rigs drilling for natural gas increased by two for a total of 981 working rigs this week.
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Gasoline prices have been uncharacteristically low for the past month, but AAA expects that situation to change as spring arrives. Prices are forecast to spike this spring and remain higher into the...
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The drawdown in U.S. natural gas stockpiles was at the high end of the expected range and pushed prices up by a penny or so for April futures.
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Exxon Mobil has pulled out of its joint ventures with Russia's Rosneft and taken a $200 million after-tax charge as a result.
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Enphase Energy has seen a very positive reaction after the company's fourth-quarter earnings report. While revenues and margins rose, analysts are jumping back in support of Enphase.
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U.S. commercial crude oil inventories increased by 3 million barrels last week, about a third more than expected. Gasoline inventories also rose.
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The February 15 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks increased.
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Short interest in solar and alternative energy stocks soared in the first two weeks of February at the same time that equities markets were shedding value.
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Shares of independent oil and gas producer Carrizo are getting hammered after the company's Tuesday morning earnings report. The numbers look good, but there look to be some hidden weaknesses.
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The national average price for a gallon of regular gasoline fell by a penny last week. Though not a very big drop, that marks the third consecutive week of falling pump prices.
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The number of land rigs drilling for oil rose by one this week and the number of rigs drilling for natural gas rose by two. Crude prices maintained a gain of around 1% for the day.
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U.S. commercial crude oil stockpiles unexpectedly dropped last week, pushing the price of crude higher following the EIA inventory report.
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Natural gas prices moved only slightly following an announced withdrawal from storage that was within the ranged expected by analysts.
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Apache released its most recent quarterly results before the markets opened on Thursday.
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Chesapeake Energy beat earnings and revenues estimates for the fourth quarter and the full year. Investors are pushing the stock higher after a forecast for more production and better pricing ahead.
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