Oil

It’s the black gold of Permian Basin crude from West Texas that fuels the battle between Big Oil giants Chevron Corporation (NYSE: CVX) and Exxon Mobil Corporation (NYSE: XOM), but for Barclays it’s the green of cash that sets the two apart for investors. Barclays likes Chevron better...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what's ahead. Markets in just the past few days have sent a strong signal that moving crude oil by rail may be past a point of no return. When crude oil by rail began roughly 10 years ago, it was...

Occidental Petroleum Corporation (NYSE: OXY) has seen its stock fall around 33% since announcing the acquisition of Anadarko — and investors shouldn't buy the dip, according to JPMorgan. The Analyst Phil Gresh resumed coverage of Occidental Petroleum with an Underweight rating...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what's ahead. If the price of diesel spikes because of IMO 2020, it increasingly looks like it is going to be coming from a very low base. Bear market targets were reached this past week, with various...

Despite heightened global tensions surrounding the Middle Eastern oil giant Iran, the commodity was trading lower by more than 3%. US: Iran's Aggression Will Be Countered The Department of Energy released a statement Wednesday that Iran is trying to destabilize the oil market, OilPrice.com...

Exxon Mobil Corporation (NYSE: XOM) reported second-quarter results to mixed reaction from analysts. The Analysts Credit Suisse's William Featherston maintains a Neutral rating on Exxon with a $74 price target. Bank of America's Doug Leggate maintains at Buy, $100 price target. Credit...

In what can be seen as a commentary on the shifting landscape of energy consumption, the NYSE Pickens Oil Response ETF (NYSE: BOON), an exchange traded fund affiliated with legendary oil investor T. Boone Pickens, is slated to become a renewable energy fund. What Happened BOON debuted in February...

Long before sunrise, Molly Sizer starts her day in West Texas as a professional frac sand hauler.  She gets dressed, drives her Peterbilt truck to one of the dozens of frac mines around the Permian Basin, is loaded with 50,000 pounds of sand, drives 100 miles or more through crowded bumpy roads...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what's ahead. There have been a slew of articles wondering whether the lack of any signs in the market regarding price movements tied to IMO 2020 mean the transition to the new rules won't be a big deal...

The historic surge in U.S. crude production has reverberated across domestic and international freight systems, affecting every transport mode. Maritime headlines have spotlighted the global tanker sector, which has been buoyed by sharply higher U.S. exports of crude and refined products. But...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what's ahead. U.S. crude oil production is bound to keep going up…right? The Energy Information Administration said so just a few weeks ago when it reiterated in its Short Term Energy Outlook that U.S....

Iranian media said Friday that the country's Revolutionary Guard seized a British-flagged oil tanker. The ship's owners said it was unreachable and appeared headed toward Iran, sending crude oil prices higher.  Owners of the Stena Impero said the ship unexpectedly changed course and...

Energy markets experienced a wild week, with the WTI crude oil futures contract down almost 7% since June 12. There has been a great deal for oil traders to try to make sense of in recent days: increasing tensions with Iran (especially after reports of a U.S. ship shooting down an Iranian drone in...

North Dakota filed a petition on the afternoon of July 17 asking the federal government to block the state of Washington from enforcing a law that would restrict crude oil-by-rail shipments that pass through that state. Supporters say the law would reduce the risk of explosions and potentially...

Hurricane/tropical storm? No big deal. Some explosions rattling ships in the Persian Gulf region? Yawn. Oil markets, probably more than any commodity markets, have long been criticized as responding excessively to short-term developments and ignoring long-term trends. If that's the stereotype, the...