crude oil prices
crude oil prices Articles
Whiting Petroleum reported its first-quarter financial results Wednesday after the markets closed.
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Some investors are thinking that oil has bottomed out and that there will be a changing landscape in the oil patch as a result.
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The latest EIA weekly petroleum status report said U.S. commercial crude inventories increased by almost 2 million barrels last week.
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It just so happens that some of the latest short interest readings for major oil companies are continuing to push new highs.
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Both houses of North Dakota's state legislature have passed a bill to lower the state's extraction tax on oil and to eliminate the current practice of tying the tax to the price of crude oil.
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The week ended April 24 marks the third consecutive week with a drop of 25 or more oil rigs, according to the Baker Hughes North American Rotary Rig Count.
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A report from Bloomberg has claimed more than 4,700 drilled wells in the United States have not been completed while oil producers wait for prices to rise again.
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The latest EIA weekly petroleum status report indicated U.S. commercial crude inventories increased by more than 5 million barrels last week.
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In the week ended April 17, the number of rigs drilling for oil in the United States totaled 734, compared with 760 in the prior week.
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The U.S. Energy Information Administration (EIA) has released its latest weekly petroleum status report.
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The U.S. Energy Information Administration has forecast a drop in oil production between April and May, the first net drop in U.S. production since 2008.
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Even long after the Gulf oil spill, BP has had a rough run of things. It does not help that two analysts are making near identical calls on the stock implying a slight downside to current prices.
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Norfolk Southern released updated guidance for its first quarter due in part to lower than expected revenues.
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Oppenheimer suggests that there will be an increased wave of mergers and acquisitions in the oil industry.
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Some of the latest short interest readings for major oil companies are continuing to push new highs for the most recent settlement date.
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