oil prices
oil prices Articles
ThinkstockThe Algeria hostage crisis shows how little it takes in the terms of geopolitical events to cause a spike in oil prices. As problems in the Middle East simmer, along with attacks on oil...
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ThinkstockGasoline prices continue to fall, which could be a small counterweight to fiscal cliff effects. The national average price of a gallon of regular dropped to $3.248 yesterday, according to...
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ThinkstockThe world’s largest oil field services firm, Schlumberger Ltd. (NYSE: SLB) issued an update on fourth-quarter operations that lowers the company’s earnings per share (EPS) forecast by...
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Just as WTI crude trades at a discount to Brent crude, so too does crude for Canada’s oil sands (called Western Canada Select) trade at discount to WTI. The WTI-Brent spread is about $22 a barrel...
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coutesy of Exxon Mobile Corp.When the public gets a big drop in the price of oil, it is generally thought to be considered as a pay raise for Joe Public. The problem comes into play when the drop is...
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Schlumberger Ltd. (NYSE: SLB) and Baker Hughes Inc. (NYSE: BHI) reported third-quarter results before markets opened this morning. Both of the oil field services firms missed estimates for quarterly...
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Halliburton Co. (NYSE: HAL) reported fiscal third-quarter results before markets opened this morning. For the quarter, the oil and gas services company posted adjusted diluted earnings per share...
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The number of oil and gas drilling rigs in the U.S. is down by 188 at last count, with gas drilling rigs down by 514 and oil rigs up by 331. The overall decline in rig count is expected to have a...
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Despite a drop in oil prices that has taken Brent crude from just below $100 a barrel three weeks ago to about $92, drivers have not benefited at all. AAA Fuel Gauge shows that the average price of a...
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The price for U.S.-traded WTI crude is inching its way back to $100 a barrel today as traders respond to the civil unrest in North Africa and the Middle East following last week’s killing of four...
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Energy stocks today exhibit all the signs of a market reacting to news that is difficult to categorize easily. First there is the $6 billion in acquisitions announced this morning by Plains...
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With the exception of Chesapeake, which is seen as primarily a natural gas company with lots of problems, the oil and gas firms are not heavily shorted. Nobody really thinks the price of oil is going...
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Two months ago, almost all predictions about gasoline prices were that they were falling and would stay down, or even drop more. Crude prices had fallen. Oil and gas supplies were abundant. Trouble...
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In less than two months, the price of Brent crude has risen from around $90 per barrel to threaten $120 per barrel again. At the pump, gasoline prices are up about $0.30 a gallon since late June....
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Baker Hughes Incorporated (NYSE: BHI) has announced that despite the rise in oil prices, its count on rigs fell in the last week. The services firm reported that the North American rig count totaled...
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