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Oil and Gas Drilling Commodity Market Trades, Charts

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  • Top oil analyst: The worst is yet to come Wednesday, 11 Feb 2015 | 7:33 AM ET
    An oil well owned an operated by Apache Corporation in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    Oil prices will get a heck of a lot worse before they get better, a top industry analyst said on Tuesday.

  • Halliburton to cut up to 8% of jobs as oil falls Tuesday, 10 Feb 2015 | 2:57 PM ET

    Halliburton will layoff between 6.5 and 8 percent of its global staff, the oil field services company said Tuesday.

  • Oil layoffs could come back to haunt the industry Tuesday, 10 Feb 2015 | 11:10 AM ET
    Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin in Garden City, Texas.

    Job cuts are inevitable as oil prices tumble, but layoffs today could have significant ramifications for the sector tomorrow.

  • LONDON, Feb 9- Latin America's oil producers have become caught in the crossfire between OPEC and the North American shale drillers. The number of active land rigs has fallen sharply in OPEC members Ecuador and Venezuela as well as non-OPEC Bolivia, Colombia and Mexico. Even OPEC producers such as Petroleos de Venezuela and Petroecuador are being forced to cut...

  • The shale stock play your grandmother would love Saturday, 7 Feb 2015 | 9:00 AM ET

    Shale analyst Mike Kelly is so confident in his top oil pick that even his grandmother is taking his advice and buying the stock.

  • NEW YORK, Feb 4- U.S. stocks were poised to dip at the open on Wednesday, in the wake of a two-day rally for the S&P 500, as oil prices declined and labor market data disappointed. U.S. crude was down 3.3 percent to $51.32 and Brent was off 2.6 percent to $56.43. Contract driller Transocean fell 1.9 percent to $18.05 in premarket trade.

  • US STOCKS-Futures dip after 2-day run; ADP data on tap Wednesday, 4 Feb 2015 | 7:43 AM ET

    NEW YORK, Feb 4- U.S. stock index futures dipped on Wednesday, after a two-day rally for the S&P 500 ahead of data on the labor market and the services sector. *Investors will eye the January private-sector employment report from payrolls processor ADP at 8:15 a.m. for signs of continuing improvement in the labor market. *Later in the session at 9:45 a.m., financial...

  • Is this oil rally the real deal? Tuesday, 3 Feb 2015 | 11:33 PM ET
    A worker inspects valves and pipes at an oil gathering station in Russia, January 28, 2015.

    Oil prices have rallied off post-crisis lows, possibly marking the rout's bottom as producers' cutbacks begin pinching supply, some analysts said.

  • We haven't seen the worst in oil yet: Expert Tuesday, 3 Feb 2015 | 3:48 PM ET
    A worker inspects valves and pipes at an oil gathering station in Russia, January 28, 2015.

    A global oversupply in oil and lack of storage make it very likely that oil will slide into the $30s, Citi's Ed Morse told CNBC.

  • Bank bets on oil rebound to $65, names 10 stocks Tuesday, 3 Feb 2015 | 2:04 PM ET
    Idled oil well pump jacks sit in the yard at Wood Energy Inc. in Woodlawn, Ill, Jan. 20, 2015.

    Stifel is recommending clients buy these 10 stocks to bet on an oil rebound.

  • Oil: 'Too early' to call a bottom  Tuesday, 3 Feb 2015 | 11:15 AM ET

    The first half of 2015 will be "good news for consumers" and bad news for oil producers, says Richard Mallinson, geopolitical and oil analyst at Energy Aspects.

  • US STOCKS-Wall St gains on Greek deal hopes, oil climb Tuesday, 3 Feb 2015 | 10:54 AM ET

    *Staples, Office Depot in advanced merger talks- WSJ. *Stratasys drops after cutting outlook. A source told Reuters that Greek Finance Minister Yanis Varoufakis, in London to reassure private investors he was not seeking a showdown with Brussels over a new debt agreement, said the new left-wing government would spare privately held bonds from losses.

  • *Staples, Office Depot in advanced merger talks- WSJ. A source told Reuters that Greek Finance Minister Yanis Varoufakis, in London to reassure private investors he was not seeking a showdown with Brussels over a new debt agreement, said the new left-wing government would spare privately held bonds from losses. Shares of offshore contract driller Transocean...

  • Gas prices may double by year's end: Analyst Sunday, 1 Feb 2015 | 9:00 AM ET
    A gas station advertises gasoline for $1.68 a gallon in Dellwood, Mo., Jan. 20, 2015.

    A former top oil executive says the price of gas at the pump could double by year's end, even as consumers are enjoying low prices.

  • Where is global oil money going? To health care Saturday, 31 Jan 2015 | 11:00 AM ET
    A gas flare is seen at an oil well site outside Williston, N.D.

    Oil prices are in the midst of a prolonged slump, squeezing bottom lines everywhere. How do sovereign wealth funds cope?

  • Jan 29- Oil and gas driller Helmerich& Payne Inc said it expects revenue for U.S. land rigs to decrease in the current quarter amid a slump in crude oil prices. Helmerich& Payne said it expected the average rig revenue per day in the U.S. land drilling segment to decrease to between $27,000 and $27,500 in the second quarter, after rising 3.5 percent to $29,457 in the...

  • Jan 29- Oil and gas driller Helmerich& Payne Inc reported higher quarterly profit due to compensation from early termination of contracts, and warned results for the rest of 2015 would be hurt by a steep fall in oil prices. Net income rose 17 percent to $203 million, or $1.85 per share, in the first quarter ended Dec. 31. Operating revenue rose 18.8 percent to $1.06...

  • Is it time to get back into oil? Thursday, 22 Jan 2015 | 5:47 PM ET
    Pumpjacks pump petroleum from the ground.

    Markets may be expecting oil prices will remain lower for longer, but some analysts are forecasting a quick recovery.

  • Oil fields at risk: Where the slowdown has begun Thursday, 22 Jan 2015 | 11:58 AM ET
    Workers connect drill bits and drill collars on Endeavor Energy Resources’ Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, Dec. 12, 2014.

    Drillers have slashed capital expenditure budgets and are being pickier about where they plumb for oil as crude prices fall.

  • MOSCOW, Jan 20- Oil services giant Schlumberger plans to buy a 45.65 percent stake in Eurasia Drilling for about $1.7 billion, potentially paving the way for it to become the sole owner of Russia's most active oilfield services company. The multi-stage deal announced by the companies on Tuesday will see U.S. group Schlumberger, which has been in a strategic...