oil and gas
oil and gas Articles
Ocean Rig UDW gave an update on its fleet and where it currently stands, based on spending cuts from major oil companies.
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U.S. commercial crude inventories increased by more than 3 million barrels last week, according to the EIA.
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Plains All American Pipeline and its publicly traded general partner Plains G.P. Holdings announced increases to their quarterly cash distributions Wednesday morning.
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Evidence suggests that the bottom could be in for the Dow, for now, and Chevron may be one of its best performers on the way back up.
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On Tuesday, Merrill Lynch made three changes to its US 1 List of top Buy-rated stocks.
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Petrobras announced Tuesday morning that it is cutting its spending plan for the current fiscal year and the next.
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Freeport-McMoRan said it will cut its board size from 16 to nine and begin "a review of strategic alternatives for its oil and gas business."
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The massive drop in crude oil prices over the past year is about to end, according to OPEC, which did not say how soon or how big.
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These Deutsche Bank stocks to Buy are for aggressive accounts that have a high tolerance for risk. With that caveat in mind, the upside potential is worth the shot.
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In five states the average price is at or below $2 a gallon, and in all 50 states a gallon of regular gas now costs less than $3.
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BP announced in early July that it had reached an agreement in principle with the U.S. Department of Justice and it will file the details of that agreement in federal court on Monday.
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In the week ended October 2, the number of rigs drilling for oil in the United States dropped to 614, according to the Baker Hughes North American Rotary Rig Count.
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While energy is still a contrarian trade, the way to play it is with the big integrated stocks and exploration and production companies that pay a solid dividend.
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Oppenheimer believes that in the long run oil prices are unsustainable at these levels, and there are several catalysts that could present negative headwinds over the next several weeks.
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The EIA reported Thursday morning that U.S. natural gas stocks increased less than expected for the week ending September 25.
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