crude

The Wall Street Journal surveyed 13 investment banks and asked for their oil outlook through next year. The results of the survey showed that banks are bearish on oil yet again. The banks expect West Texas Intermediate (WTI) crude to average $55 a barrel next year, marking a decrease of around one...

Official U.S. crude oil data for the week ending July 29 revealed that crude oil refinery inputs averaged approximately 16.852 million barrels a day. This was 266,000 barrels per day higher than the 16.586 million recorded in the preceding week. Following the release of the data, crude oil prices...

WTI crude oil prices dipped back below $40/bbl on Monday for the first time in several months on growing concerns about U.S. gasoline oversupply and fears that global producers are ramping up crude production too soon. According to Paradigm Capital analyst Ken Lin, oil stocks will likely continue...

Facebook Inc (NASDAQ: FB) has seen its stock rise more than 18 percent since the start of 2016 and recently hit an all-time high of $128.33 after the company reported its second-quarter results. As a result, the social media's empire market capitalization has surged to around $355 billion now and...

On Monday, WTI crude oil prices dipped below $40/bbl for the first time since April, after the latest batch of data has investors worried that the infamous global oil glut may be returning. On Friday, a Reuters survey revealed that OPEC output may have risen to its highest level in recent history...

Energy Transfer Partners LP (NYSE: ETP) is one of the largest master limited partnerships and is valued at more than $20 billion. The company is engaged in natural gas operations, including natural gas midstream and intrastate transportation and storage. Wait a second — Energy Transfer...

Credit Suisse has raised the price target of Anadarko Petroleum Corporation (NYSE: APC) by $2 to $68, saying that Delaware should drive upside over time for the company. Positive Upside Ahead The brokerage noted, "The 2 billion plus of current net resource in the Delaware feels low relative to the...

Anadarko Petroleum Corporation (NYSE: APC) reported its 2Q16 results, with the adjusted EPS slightly better than the estimate. CLSA’s Asit Sen maintains an Underperform rating on the company, with a price target of $58. 2Q Beat Sen explained that the beat earnings were driven primarily by the...

Although 2016 has been expected to be a tough year for late-cycle oil & gas exposed E&Cs, Citi’s Andrew Kaplowitz expressed surprise at the magnitude of the guidance cut by Chicago Bridge & Iron Company N.V. (NYSE: CBI) for 2Q. Kaplowitz maintains a Neutral rating on the company,...

Close on heels of the release of Valero Energy Corporation (NYSE: VLO)'s quarterly results, Barclays said the results will have a positive impact in the near term. Notwithstanding the potential upside, the firm believes the shares are inexpensive based on its sum-of-the-parts analysis and price/...

Morgan Stanley has downgraded Statoil ASA(ADR) (NYSE: STO) to Equal Weight from Overweight on valuation, and prefers Royal Dutch Shell plc (ADR) (NYSE: RDS-A) and BP plc (ADR) (NYSE: BP) within the space. Recent Performance "Strong outperformance YTD has left Statoil shares trading at a ~5 percent...

Goldman Sachs reiterated its ratings for several companies, including: Columbia Pipeline Partners LP (NYSE: CPPL): Neutral TC Pipelines, LP (NYSE: TCP): Neutral TransCanada Corporation (USA) (NYSE: TRP): Buy Related Link: Goldman Bullish On TransCanada, Neutral On Others In The Complex At the time...

Indian equities and the relevant U.S.-listed exchange-traded funds stumbled out of the gates to start 2016, pinched by rebounding oil prices (India is a net importer of the commodity), but India ETFs have recently been getting their groove back. Slack performances by Indian stocks are viewed as...

Gasoline crack spreads grew in Q2, driven by record gasoline demand and increased diesel demand. Citi’s Faisel Khan upgraded the rating on Tesoro Corporation (NYSE: TSO) from Neutral to Buy, while lowering the price target from $92.50 to $92.00, following the recent pullback in the stock....

Natural gas prices have plummeted to near all-time lows in the past year due to a huge oil and gas supply glut. However, according to Reuters' oil and gas analyst John Kemp, that same supply glut is masking a surge in U.S. gas demand. U.S. power producers burned a record amount of natural gas last...