Job cuts are inevitable as oil prices tumble, but layoffs today could have significant ramifications for the sector tomorrow.» Read More
Shell, Andarko and other energy companies are delaying the restart of oil and natural gas production as a second storm threatens to batter the Gulf. How should you trade?
You'd think the bad unemployment number would have kept us down. But here's why it didn't.
As long as these two sectors are up, Cramer's willing to live with a little market volatility.
Several major U.S. refiners said early checks on Monday showed their facilities were unharmed by Hurricane Gustav, but at least two others were said to be considering dipping into the U.S. Strategic Petroleum Reserve to keep operations going after the storm shut down key waterways.
Wednesday's weather models reinforce that Hurricane Gustav could be the most powerful storm to rip through Gulf of Mexico oil and gas production areas since Katrina. It will be the first storm to test the industry's efforts to reinforce its oil and gas production infrastructure.
Stocks finished flat Tuesday, caught in the August crosswinds of a strong dollar and Hurricane Gustav. Oil rose more than $1 to settle at $116.27 a barrel.
The FDIC may not name names, but Cramer does.
Cramer agrees. Find out why.
Two mega-investors -- Warren Buffett and Carl Icahn -- made major portfolio shifts.
Banks stocks dragged down the broader stock market on Wednesday with Merrill analyst Richard Bernstein writing the credit crisis is “far from over.”
Anadarko Petroleum said on Monday that its second-quarter net income dropped sharply on losses related to hedging, and year-ago results included a big gain for asset divestitures.
Tropical Storm Edouard forced shut a huge U.S. offshore oil port, a refinery, some oil production and disrupted shipping as the storm raced toward the Texas-Louisiana coast on Monday.
A massive switch to natural gas would free the U.S. from its dependence on foreign oil.
It's a booyah-free zone. There goes Swifty!
U.S. Gulf of Mexico producers had shut 5 percent of natural gas production and nearly as much oil output on Tuesday ahead of Tropical Storm Dolly, which is expected to hit the U.S.-Mexican border on Wednesday, the U.S. government said.
Tropical Storm Dolly continued to strengthen slightly early Tuesday as it moved over the warm waters of the western Gulf of Mexico towards the Texas-Mexico border.
These three strategies could put the economy back on track.
Crude is down over $7 per bbl on today's economic news, its second biggest one day move in the past 25 years. Here are the biggest one day moves of oil since 1983.
We noted last week the mantra of the bears: in a real bear market, even the market leadership eventually gets taken out. And that prophecy appears to be coming true. Quietly, traders have been selling the energy and materials stocks, which were the market leaders.
The more gas that drillers need brought to market, the more money Spectra makes.