Joe Terranova bought more shares of energy stocks for his CNBC "Halftime Report" model portfolio as a play on the weakening U.S. dollar.» Read More
BOSTON, Sept 30- One-in-four U.S. large-cap mutual funds have increased their stakes in energy companies this year and many have suffered heavier losses than their peers as a result of ill-timed bets. BMO's Large-Cap Value Fund boosted it energy exposure to 13 percent from 10 percent at the end of February after buying more shares of ExxonMobil Corp and refiner...
Production continued to rise in North Dakota but in most other states and offshore areas output turned down. The largest declines were reported in Texas, the Gulf of Mexico, West Coast offshore, Alaska and California. Some of the current and forecast reductions are coming from the formerly fast-growing shale plays of Texas, North Dakota, Colorado and Wyoming.
WILLISTON, N.D., Sept 14- North Dakota's oil regulators said on Monday they may allow more wells to be temporarily abandoned, a step that would permit producers to delay fracking beyond the typical one-year window and prevent even more crude from flooding onto global markets. Any regulatory change in North Dakota also would assuage market concerns about supply...
NEW YORK, Sept 14- In shale strongholds of North Dakota and Texas, physical crude grades are trading at the highest premiums to futures prices in years, offering a glimmer of hope that a pickup in global oil markets might follow. West Texas Intermediate crude delivered to Midland, Texas, at the heart of the Permian Basin, is trading at a record $2.75 premium to...
"Halftime Report" trader Joe Terranova made EOG Resources one of his top holdings for the CNBC Pro model portfolio competition.
NEW YORK, Sept 3- With the benefit of hindsight, last quarter may have been the best chance for cash-strapped U.S. shale oil producers to ensure they would get at least $60 a barrel for the next year or two. According to a Reuters analysis of hedging disclosures by the 30 largest such firms, more than half of them did not expand their hedges during the three months ended...
A type of high-intensity hydraulic fracturing is spreading through the American oil patch, boosting productivity for U.S. drillers.
Oil prices may not recover until after Q1 2016 but it’s not all bad news for the sector, says oil analyst Andy Lipow. Here's how to play it.
LONDON, Aug 24- Saudi Arabia's strategy for rebalancing the oil market through a period of lower prices shows few signs of working so far- with rival producers claiming they will raise output even as prices slide to new lows. Within OPEC, other producers, principally Iraq and Iran, are determined to continue raising their output even as prices slump.
HOUSTON, Aug 21- Top shale oil producer Pioneer Natural Resources Co has found an unusual way to both save water and cut costs for its wells: tapping the treated runoff from toilets, sinks and showers in west Texas. Producers are also trying to mitigate long-term risks of water scarcity in the arid Permian Basin of West Texas, where the top U.S. oilfield is situated.
U.S. crude's push toward $40 a barrel has raised fresh fears about the cost of producing crude in America's oil patch.
Oil's bear market will end once several bankruptcies hit and acquisitions occur, Dennis Gartman said Wednesday.
Most companies beat on earnings. But in their second-quarter reports, these 10 blew the doors off.
Jim Cramer says the market has been selling off, and it’s made some stocks too cheap to ignore.
Jim Cramer goes off the charts to look at the crude chaos. Could it be the time to build a portfolio for black crude again?
Strong ISM nonmanufacturing data Wednesday helped cue up the bond market for a positive payrolls number.
Materials, energy and industrials are very stretched on the downside. A typical quant would look at this as a potential buy signal.
The unofficial start of the earnings season kicked off Wednesday, as Alcoa reported second-quarter results after the market close.
"Fast Money" traders discussed how to play oil stocks as the commodity's price continues to fall.
Jim Cramer sees plenty of oil stocks out there that are ridiculously low and thinks it is time to do some buying.