crude

The long, dramatic saga involving the controversial Dakota Access pipeline took another turn over the weekend. On Sunday, the U.S. Army Corps of Engineers halted work on the line and announced it will look for an alternate construction route. Here’s a timeline of how the project has unfolded...

The OPEC deal may have finally marked a buying opportunity in oilfield service stocks after a multi-year slump in the global oil market. Bernstein analyst Colin Davies now has a positive outlook for North American oil field services stocks and has initiated coverage on nine of the biggest names in...

With the "will they" or "won't they" dilemma now past following the greenlighting of OPEC's proposal to cut production quota, it is time to keep a tab on some of the stocks that can benefit from this news that is bullish for prices and in turn the companies. OPEC Finally Agrees On Cuts OPEC,...

OPEC has agreed to its first production cut in nearly eight years on Wednesday. Shares of the United States Oil Fund LP (ETF) (NYSE: USO) are up 8.75 percent in early Wednesday trading in response to the news. While investors await the official details, Benzinga took a look back at how the USO...

After months of negotiations and disputes, OPEC has reportedly agreed to its first crude oil production cut since 2008. At a meeting in Vienna, sources said OPEC has finalized a deal that is in line with a plan discussed in September to cut production from 33.6 million barrels per day (bpd) to...

Investment banking firm Jefferies kicked off its sixth annual energy conference this week in Houston. The conference features many of the top players in the oil and gas industry, including those in the E&P, midstream, MLP, drilling and services sectors. Last year, 75 companies participated, and...

Goldman Sachs’ Neil Mehta believes ConocoPhillips (NYSE: COP) offers “compelling relative and absolute valuation, especially given share price underperformance in 2016.” Mehta upgraded the rating on the company from Neutral to Buy, while raising the price target from $47 to $54....

Donald Trump’s energy plan may not actually include independence from Saudi oil. According to Reuters analyst John Kemp, Trump’s promise to restrict Saudi oil imports is an “empty threat.” “Trump is first and foremost a showman and impresario rather than a policy wonk...

Two of the most popular instruments for making levered bets on oil prices we be delisted on December 9. Credit Suisse has announced that it will be discontinuing its Velocity Shares 3X Long Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (NYSE: UWTI) and Velocity Shares 3X...

The defeat of Hillary Clinton to Donald Trump in the 2016 U.S. presidential election has led to contrasting reactions within the energy sector, particularly regarding coal and solar stocks. Trump's Energy Plans The Trump win is seen as a boost to coal producers, as he intends to revive the...

Despite all the commotion about this being a good year for commodities, the iShares S&P GSCI Commodity-Indexed (ETF) (NYSE: GSG) is flat year-to-date. That condition is unlikely to persist after the results of Tuesday's presidential election start trickling in. The Climate As has been...

Following continued chatter regarding the General Electric Company (NYSE: GE)–Baker Hughes Incorporated (NYSE: BHI) deal, here is a compilation of sell-side analysts' takes on the soon-to-be spun off combined unit's separate publicly traded energy services company. Baker Hughes' Competitive...

General Electric Company (NYSE: GE) is merging its oil and gas (O&G) business with Baker Hughes Incorporated (NYSE: BHI) in a complex deal, creating a “digital industrial company” in the oilfield services sector and a stronger rival to Schlumberger Limited. (NYSE: SLB). Baker Hughes...

Shares of Baker Hughes Incorporated(NYSE: BHI) slid 6 percent on Monday, versus a 2 percent decline in the OSX, on concerns surrounding the economics of the deal with General Electric Company (NYSE: GE). Although the financials of the deal are disappointing, the merger makes “a ton of sense...

After U.S. oil giants Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) chimed in contrasting third-quarter results, with the former reporting year-over-year declines in earnings while the latter swung to a net profit, it was déjà vu in Europe. BP plc (ADR) (NYSE: BP) and...