oil and gas
oil and gas Articles
US crude oil inventories grew by a massive 13.8 million barrels last week on lower refinery runs. Gasoline inventories fell, but lower refinery usage was likely the cause of this as well.
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With OPEC cutting production for the first time in years, demand increasing and very few new oil discoveries, the prospects for crude pricing continues to look bright for 2017 and beyond.
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BP reported disappointing fourth-quarter and full-year 2016 results and announced its dividend before markets opened Tuesday.
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Break-even production costs in North American oil fields have dropped to an average of around $52 a barrels.
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Analysts' reactions to Exxon Mobil's and Chevron's quarterly and full-year results varied, with many looking favorably at Chevron while looking less favorably at Exxon. Both companies are expected to...
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The U.S. rig count rose by 17 last week with all the new rigs added in the oil patch, according to the Baker Hughes North American Rotary Rig Count.
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If the border adjustment tax were to be put into place, Baird thinks it would be a windfall for domestic oil producers. These five companies fit the bill.
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Phillips 66 EPS plunged 88% year over year in the fourth quarter as rising crude costs and lower refining margins take their toll.
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Natural gas inventory declined more than expected, well below the five-year average, and the inventory level now exceeds the five year average.
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ConocoPhillips beats very low estimates, but rising oil prices and cost-cutting may mark the beginning of a turnaround.
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New research shows that the entire energy industry, particularly "big oil," faces a radical change in demand for its products.
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Exxon Mobil earnings did not cause analysts either to rush into or out of the company's stock. The verdict seems to be wait-and-see.
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US crude oil inventories swelled by more than 6 million barrels last week, but the increase did not stop a price increase as traders see early results for OPEC-led production cuts.
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With the industry looking to the Permian Basin to provide annual production growth, the plunging wellhead breakeven costs in the region are a huge positive.
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US crude oil production rises 100,000 barrels a day, but remains about 500,000 barrels below year-ago levels.
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