oil and gas

oil and gas Articles

The latest EIA weekly petroleum status report showed that U.S. commercial crude inventories decreased by more than 4 million barrels last week.
On Tuesday, BHP Billiton said it would take an after-tax charge of $2 billion related to its natural gas assets in the Hawkville field of the Eagle Ford shale play.
Cowen has started coverage on small and midcap energy exploration and production companies, and it may have found some stocks with solid upside potential.
Tuesday morning, WPX Energy announced a definitive merger agreement with privately held RKI Exploration & Production for a total payment of $2.75 billion.
Oil refiner and ethanol maker Valero Energy announced Tuesday morning that its board of directors approved an increase of $2.5 billion to its stock repurchase program.
Marathon Petroleum announced Monday morning that MPLX will acquire MarkWest Energy Partners in a deal worth about $20 billion.
OPEC released its July Oil Market Report Monday morning, and the cartel raised its forecast of 2015 global demand growth to 1.28 million barrels a day.
While Jefferies cuts its natural gas forecasts, the firm prefers natural gas over oil stocks as there is increasing demand and production looks to have peaked in March.
It just so happens that some of the latest short interest readings for major oil companies are backing off of highs, while others are attempting to push new highs.
With the oil and gas sector having fallen so hard in the past year, many long-term investors have been searching for oversold stocks and hidden value where they can find solid upside in the next year...
In the week ended July 10, the number of rigs drilling for oil in the United States climbed to 645, according to the latest Baker Hughes North American Rotary Rig Count.
Among the more interesting earnings reports due next week are those from two leading energy sector players: Schlumberger and Kinder Morgan.
After a large sell-off that started last summer, the energy master limited partnerships may be of some interest. Credit Suisse is backing a trade within the sector.
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks increased more than expected for the week ending July 3.
When you combine a sell-off in oil with a big market sell-off, you have the makings of either a disaster or an opportunity.