Energy

Energy Articles

24/7 Wall St. has tracked 15 major energy analyst calls in the major oil and gas stocks made so far in 2018 that should be given a second look.
The U.S. land rig count jumped by 15 this week. The increases to both oil and gas drilling are a result of recent price increases that are finally moving producers to increase spending on drilling.
A barrel of benchmark Brent crude oil traded above $70 in London on Thursday, the first time Brent has reached that level in more than three years. Higher consumer prices are likely to follow.
U.S. natural gas stockpiles posted their largest-ever weekly storage withdrawal last week as the nation responded to very cold temperatures along the east coast and into some parts of the South.
The December 29 short interest data have been compared with the previous figures, and short interest for most of the selected big oil stocks decreased.
Short sellers have raised their positions in most solar energy stocks while reducing positions in alternative energy stocks.
SM Energy has announced the sale of more than 110,000 acres in the Powder River Basin for $500 million in cash to an unidentified buyer.
U.S. commercial crude oil inventories dropped by nearly 5 million barrels last week, but gains in both gasoline and distillates nearly offset the drop.
If $70 a barrel oil becomes the new normal, $3 a gallon gasoline prices are just behind it. That cannot be good for the economy in almost all cases.
Nine Energy Service expects to price its 7 million shares in the range that results in an initial public offering valued up to around $185 million.
Gasoline prices rose by less than a penny last week, and prices should not change much between now and Valentine's Day.
Baker Hughes reported Friday afternoon that the U.S. land-based oil rig count dropped by five this week. With crude prices at around $62 a barrel, rig counts could begin climbing again.
With the OPEC production cuts helping to thin out bloated inventories, and demand remaining very robust, the oil service companies may be set for a very solid year.
The major winter storm driving through the northeast U.S. sent natural gas spot prices delivered to New York City to an all-time high on Wednesday.
The U.S. crude oil stockpile fell again last week, but refineries were running at nearly 97% of capacity and stockpiles of gasoline, diesel, and heating oil soared.