CUSHING, OK, April 5- From the air above this small Oklahoma town, the 300 steel oil storage tanks that dot the landscape appear filled to the brim, their floating lids bobbing atop more than 65 millions of barrels of oil. Such worries make weekly estimates of Cushing stockpiles from the Energy Information Administration one of the hottest market indicators.
The average price of a gallon of gasoline gained nearly 25 cents in the past four weeks.
Saudi Aramco wants to buy more U.S. refining and chemical plants once the break-up of its Shell JV is done, sources said.
The oil and gas refining sector is down 20 percent this year. CNBC's Morgan Brennan takes a look.
PTT's CEO Tevin Vongvanich shares with Managing Asia how he intends on leading the Thai company through this difficult oil patch.
Doug Terreson, Evercore ISI senior managing director, thinks Exxon has done a better job managing capital than other companies through the pain for oil prices.
Nearly every oil company stock is lower again, after the IEA saying the risk of oil prices falling further has increased. This can be fixed through a small amount of demand, and supply discipline, explains Kris Kelley, Janus Capital Group's equity research analyst.
Exxon reported a steep drop in earnings as low oil prices hurt results at the world's largest publicly traded oil company.
An analyst says investors should expect dividend cuts after Chevron reported a quarterly loss for the first time since 2002.
Chevron reported a fourth-quarter loss on Friday as the oil producer grappled with how best to handle plunging crude prices.
Scott Darling, regional head of oil & gas research at JPMorgan, says this could be the second year of a three-year cost deflation cycle for upstream oil companies.
Some states dependent on energy revenues are facing strained budgets due to low oil prices, according to an S&P report.
Sam Margolin, Cowen & Co. thinks there is opportunity in the oil refiners.
U.S. House Republicans plan to file a government funding bill on Tuesday night that will include a provision lifting the U.S. ban on crude oil exports.
Shell said on Thursday it was reviewing its business interests in New Zealand as it seeks to streamline its portfolio amid a slump in energy prices.
Brazil's woes deepened on Wednesday as Moody's Investors Service downgraded all ratings for embattled oil group Petrobras, the Financial Times reports.
Energy infrastructure MLPs are improving cash flow and paying out attractive dividends, Rob Thummel said.
Plunging oil prices have left many crude-exporting countries with budgets that simply won't balance.
Dealmaking in America's oil patch has slowed to a trickle, while organized restructurings have ticked up among drillers.
Instead of falling off as OPEC hoped, oil production has increased from where it was last year, and the world is still swimming in crude.