oil and gas
oil and gas Articles
The 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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In its latest update to its Short Term Energy Outlook, the EIA raised its average summer driving season price for a gallon of regular gasoline by 2.7%.
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Shares of beleaguered Chesapeake Energy traded up nearly 8% late Monday morning, and the rise in crude oil prices probably will get most of the credit.
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Last Friday's rig count report from Baker Hughes showed the first meaningful gain in the number of U.S. onshore rigs since last August.
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In a new research report, Merrill Lynch says the region that is best prepared to return to growth given current productivity gains is the Permian Basin in West Texas.
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Monday morning Hercules Offshore filed voluntary petitions with the bankruptcy court for protection under Chapter 11 of the bankruptcy code.
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24/7 Wall St. has identified several standout analyst calls in the energy patch from the week ending June 3, including on Exxon Mobil.
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In the week ended June 3, the number of rigs drilling for oil in the United States grew to 325, according to the Baker Hughes North American Rotary Rig Count.
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Kinder Morgan has reported that two subsidiaries have received authorization from the Federal Energy Regulatory Commission (FERC) to proceed with the Elba Liquefaction Project near Savannah, Ga.
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U.S. commercial crude inventories decreased by 1.4 million barrels last week, maintaining a total U.S. commercial crude inventory of 535.7 million barrels.
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The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks increased less than expected for the week ending May 27.
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Merrill Lynch analyst Doug Leggate has shifted his focus from top dividend payers among this group to "yield" stocks.
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It is entirely possible the oil prices could stay range bound the rest of this year, but at least at the higher levels currently being printed some companies are starting to make money again.
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24/7 Wall St. saw eight energy sector analyst upgrades and positive research calls last week that stood out among the sector calls.
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As oil prices have rebounded, so has the share price of the world's largest energy company. The stock of Exxon Mobil has risen more than 15%.
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