oil and gas
oil and gas Articles
Monday's plunging crude oil price lifted tanker stocks by double-digit percentages. How long can that last?
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WTI crude oil traded in negative territory late Monday as the May delivery contract expires.
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Halliburton reported better than expected first-quarter 2019 results before markets opened Monday, but shares retreated in premarket trading.
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Oilfield services company Schlumberger reported mixed first-quarter results Friday morning. The company also cut its dividend and took an $8.5 billion impairment charge.
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Valero Energy stock may have retreated, but at least one research firm sees significant upside that, while less than optimistic, could still be considered positive.
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The International Energy Agency on Wednesday said that global oil demand would decline by 29 million barrels a day next month and end the year down by 2.7 million barrels a day.
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Short interest in oil & gas producers mostly decreased in the two-week period ending March 31.
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An agreement among the Saudis, the Russians, and the Americans over the weekend will lead to lower crude production beginning next month and, producers hope, higher prices.
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A video teleconference Thursday morning is expected to cut up to 10 million barrels from global crude oil production. Will that be enough to push crude prices higher?
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Exxon announced on Tuesday that it is cutting its 2020 capital spending and lowering its cash operating expenses.
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Continental Resources, one of the largest producers in the Bakken shale oil region, has suspended its dividend and announced a production cut of 30% for April and May.
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Oil and gas producer Whiting Petroleum has filed for bankruptcy reorganization in which the company is essentially exchanging debt for new stock and new owners.
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All these stocks have been eviscerated by the relentless and withering selling. However, the analysts have done their work by looking for companies that are poised to survive this year and hang...
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Crude oil storage tanks around the world are filling up and rising production combined with lower pricing from Saudi Arabia is on track to oust the U.S. as the world's top crude producer.
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The teleconference meeting of the G20 ended Thursday without even a word about the collapse of the crude oil market. Now the market itself may have to do the heavy lifting and both the Saudis and the...
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