crude oil prices
crude oil prices Articles
The U.S. Energy Information Administration said that U.S. commercial crude inventories decreased by more than 4 million barrels last week.
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The May 13 short interest data have been compared with the previous figures, and short interest for most of the selected oil stocks decreased.
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U.S. crude oil production is expected to drop by about 1 million barrels a day between the end of the first quarter of 2016 and the third quarter of 2017.
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24/7 Wall St. reviews many key analyst upgrades and downgrades throughout the week. There remains a huge interest in which oil and gas stocks now offer long-term upside for investors.
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There are a total of 404 working rigs in the United States, down by two week over week and down 481 year over year, according to the latest Baker Hughes North American Rotary Rig Count.
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Despite the failed attempt to acquire Baker Hughes, Argus believes that Halliburton remains better positioned than most peers to take advantage of new technology in the North American land market.
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Argus has upgraded Exxon Mobil to a Buy rating with a $104 price target, implying an upside of 16% from the current price level.
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The EIA weekly petroleum status report noted that U.S. commercial crude inventories increased by 1.4 million barrels last week.
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If you wonder how and why economists and analysts can make changes so fast on their energy and commodities outlooks, Goldman Sachs might be among the questioning on Monday, May 16, 2016. After having...
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The U.S. Energy Information Administration (EIA) on Monday released its May report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is projected...
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As the price of oil continues to batter the finances of exporting countries, Moody's downgraded petroleum power house Saudi Arabia, which not long ago was among the most financially stable countries...
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Here are seven positive analyst upgrades or initiations from the energy sector during the week of May 14, with a bonus call at the end.
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In the week ended May 13, the number of rigs drilling for oil in the United States fell to 318, according to the Baker Hughes North American Rotary Rig Count.
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The International Energy Agency now expects a "dramatic reduction" in the growth of oil stockpiles in the second half of this year.
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U.S. commercial crude inventories decreased by more than 3 million barrels last week, according to the U.S. Energy Information Administration.
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