Markets may be expecting oil prices will remain lower for longer, but some analysts are forecasting a quick recovery.» Read More
Here's how West Texas crude got its swagger back—well at least relative to its more worldly cousin Brent—explains John Kilduff.
Lower prices could make oil unprofitable to pull out of the ground. But we're not there yet, according to energy consultant Wood Mackenzie.
Despite anecdotal evidence, a new study is dismissing the U.S. manufacturing renaissance as little more than a "myth."
A twist of fate has made slumping gas prices fuel a discussion once thought to be anathema in a Republican-led Congress: higher gas taxes.
NEW YORK, Jan 8- Sue Ann Arnall, the ex-wife of Oklahoma oil magnate Harold Hamm, has deposited a handwritten $975 million divorce check, Hamm's lawyer said on Thursday, in a move that may end an epic divorce battle over a fortune worth billions. In the November ruling by an Oklahoma County Court judge, Hamm, the chief executive of Continental Resources was allowed to...
Investors who believe in a long-term recovery in oil prices should look to exploration and production companies, said David Tameron.
Trying to pick the bottom of oil's surprise price plunge may be tougher this time around, with analysts turning to non-traditional indicators to make predictions.
In order to stem the free fall in oil prices, one of three key things must be done, says Sabine Schels, a commodity strategist at BofA Merrill Lynch Global Research.
Jan 6- Harold Hamm, the chief executive of oil driller Continental Resources who is embroiled in a bitter divorce, offered to pay his former wife $974.8 million, but she rejected a hand-written check, lawyers for both sides said on Tuesday. Hamm's offer would have paid his ex-wife, Sue Ann Arnall, immediately the full cash value of what he owes based on a November...
Jan 6- Harold Hamm, chief executive of oil driller Continental Resources who is embroiled in a bitter divorce, offered to pay his former wife $974.8 million, but she rejected a hand-written check delivered to her legal team, his lawyer said on Tuesday. Hamm's offer to pay ex-wife Sue Ann Arnall immediately the full cash value of what he owes based on a November...
As oil demand weakens, companies are cutting back drilling workers and services. John Kilduff, Again Capital, and Russell Gold, Wall Street Journal, weigh in on the impact to the U.S. economy.
BISMARCK, N.D., Dec 19- Tumbling U.S. oil markets approached an important if obscure milestone on Thursday, closing near a price that could trigger a $5.3 billion, two-year tax break for North Dakota oil drillers as soon as next summer. "We're really at the point where we could start calculating this," Ryan Rauschenberger, North Dakota's tax commissioner, said in an...
While some are praising New York's decision to ban fracking, some business owners who were hoping for a drilling-related boom are disappointed.
Oil at $50 a barrel is not going to scare some producers, and investors should focus on companies with core acreage in good basins, said Mike Kelly.
Oil rig count numbers have a long way to drop, late to chase the price fall in gas prices.
PARIS/ LONDON, Dec 19- Bargain hunters may have to think twice before scooping up shares of beaten-down oil services companies, as a slump in crude prices raises questions about their ability to pay back debt. "People are just starting to dump these bonds given the trajectory of oil prices," Saxo Bank Chief Investment Officer Steen Jakobsen said.
BISMARCK, N.D., Dec 19- Tumbling U.S. oil markets hit an important if obscure milestone on Thursday, closing for the first time at a price that could trigger a $5.3 billion, two-year tax break for North Dakota oil drillers as soon as next summer. "We're really at the point where we could start calculating this," Ryan Rauschenberger, North Dakota's tax commissioner, said...
Energy stocks will reach a bottom when investors feel they can't own them at any price—and that time is near, said Fundstrat founder Tom Lee.
Enterprise Products Partners is shelving a pipeline that would have transported crude from North Dakota to Oklahoma, the company said Friday.
Global demand for oil from OPEC next year will be less than expected because of weaker growth in consumption and the U.S. shale boom.