oil prices
oil prices Articles
Whiting Petroleum reported its first-quarter financial results Wednesday after the markets closed.
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Some investors are thinking that oil has bottomed out and that there will be a changing landscape in the oil patch as a result.
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It just so happens that some of the latest short interest readings for major oil companies are continuing to push new highs.
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The announcement came as a part of Schlumberger's terrible first-quarter earnings announcement. The carnage of layoffs continues across the oil industry due to low crude prices.
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Gasoline prices have started to march back to $3 a gallon, after breaking the $2 barrier on the way down just weeks ago.
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In another piece of news that could drive up oil prices, the International Energy Agency revised its forecast for oil demand.
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Even long after the Gulf oil spill, BP has had a rough run of things. It does not help that two analysts are making near identical calls on the stock implying a slight downside to current prices.
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Norfolk Southern released updated guidance for its first quarter due in part to lower than expected revenues.
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OPEC says that unbridled competition within the oil industry has cost 100,000 jobs. But are its comments self-serving?
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Oppenheimer suggests that there will be an increased wave of mergers and acquisitions in the oil industry.
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Some of the latest short interest readings for major oil companies are continuing to push new highs for the most recent settlement date.
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The EIA forecast of average gas prices was low enough that some portions of the United States will need to have $2 gas for the numbers to be accurate.
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The bribery scandal surrounding Petrobras has plagued the company since last year. Now it looks like there is a new twist in this Brazilian soap opera.
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Wells Fargo made some broad calls on the oil market about what it sees coming for West Texas Intermediate (WTI) crude, as well as for some major oil companies.
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California suffers from a perfect storm of conditions that keep gasoline prices high.
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