oil and gas

oil and gas Articles

A new report from Merrill Lynch, instead of focusing on the big cap diversifieds, dives into a group of master limited partnerships (MLPs) that may produce solid oil beta.
The news flow has been so negative and the situation has become so bad around Petrobras that any news at all that looks even remotely good might cause one strong rally.
With the dollar rallying and with economic numbers slowing, what are the odds that gold takes a dive like oil did? Also, how correlated should the two assets be today versus in the past?
On a day when crude oil fell more than 2% and went under $44 per barrel, what do you make of it when Exxon Mobil shares are up 1%?
Argentina has had its share of financial issues, but now we have seen a serious sentiment change for Argentina out of the team at Bank of America Merrill Lynch.
Now is apparently a good time for midstream oil industry players to issue new stock.
The only way to describe this past week for energy stocks would be to say that it was atrocious. Still, analysts on Wall Street have issued more reports calling out their favorite oil stocks to buy.
In the week ended March 13, the number of rigs drilling for oil in the United States fell to 866 from 922 in the prior week.
CONSOL Energy announced Friday morning that it is cutting its 2015 capital spending (capex) budget from $1 billion to $920 million.
No matter how it is sliced, 2015 is not looking to be a growth year for oil companies. The giants like Exxon and Chevron are in a much better position to weather the downturn though.
Whiting Petroleum is said to be seeking a buyer for its acreage and pipeline assets in Texas as the company struggles to maintain its balance in the face of collapsing crude oil prices.
Civeo reported better-than-expected fourth-quarter earnings Thursday after the U.S. markets closed.
The International Energy Agency (IEA) monthly Oil Market Report said that global crude oil supplies rose by 1.3 million barrels a day year-over-year in February.
Oppenheimer lowered its earnings estimates and price targets on Baker Hughes, Halliburton and Schlumberger based on its U.S. rig count analysis.
The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased more than expected for the week ending March 6.