oil and gas
oil and gas Articles
Baker Hughes reported Friday afternoon that the U.S. land-based oil rig count dropped by five this week. With crude prices at around $62 a barrel, rig counts could begin climbing again.
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With the OPEC production cuts helping to thin out bloated inventories, and demand remaining very robust, the oil service companies may be set for a very solid year.
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The major winter storm driving through the northeast U.S. sent natural gas spot prices delivered to New York City to an all-time high on Wednesday.
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The U.S. crude oil stockpile fell again last week, but refineries were running at nearly 97% of capacity and stockpiles of gasoline, diesel, and heating oil soared.
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The U.S. natural gas inventory dropped by more than 200 billion cubic feet last week, near the low end of the estimated range. The report is weighing on prices.
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For the Dow to make its target in 2018, it seems that Chevron and Exxon Mobil are going to have to do better ahead for their shareholders.
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The U.S. land-based oil rig count was unchanged again this week. The natural gas rig count fell by two week over week.
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The average price for a barrel of WTI crude oil this year will end up at around $50 a barrel, about $10 a barrel below it's current trading price. What does that indicate for 2018?
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The U.S. crude oil inventory fell more than expected last week as did the gasoline stockpiles. But sharply colder weather over the next week is expected to reduce consumption and a North Sea pipeline...
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The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 112 billion cubic feet for the week ending December 22. Analysts were expecting a...
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The December 15 short interest data have been compared with the previous figures, and short interest for most of the selected big oil stocks increased.
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The Forties North Sea pipeline that has been out of service since December 11 is coming back on line with crude flowing through the system at about half of capacity.
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What has been hard to ignore is that Wall Street is now calling for energy stocks to return to being a positive factor ahead rather than a drag as was seen throughout much of 2017.
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All these top MLP stocks are offering investors an outstanding entry point after being clobbered for much of the fall.
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Global discoveries of new oil & gas resources fell to a five-year low in 2017 according to energy consulting and research firm Rystad Energy. Spending on exploration has dropped 60% over the past...
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