crude

Western Refining, Inc. (NYSE: WNR) offered to purchase Northern Tier Energy LP (NYSE: NTI) in October 2015, and the companies are still in the process of finalizing the merger. Goldman's Take Goldman Sachs' Neil Mehta reinstated Western Refining at Neutral with a 6-month price target of $22.00...

Barclays has upgraded Murphy Oil Corporation (NYSE: MUR) shares to Overweight from Equal Weight on valuation. Rating, Target And Estimate "We think the risks associated with the stock are already well known and have been priced in by the market. Despite their strong performance YTD, the shares...

InterOil Corporation (USA) (NYSE: IOC) may be on the brink of a bidding war following the reported entry of Exxon Mobil Corporation (NYSE: XOM) in the fray. Citing people familiar with the matter, Reuters reported that Exxon Mobil offered to buy InterOil in excess of the $2.2 billion deal from...

JPMorgan has downgraded Forum Energy Technologies Inc (NYSE: FET) to Underweight from Neutral, as it expects a retreat in the shares in the second half. Not As Promising As It Once Was Despite a solid strategy, strong balance sheet and admirable FCF generation, the brokerage downgraded the shares,...

It could be a mixed bag this earnings season for oil investors. Barclays analyst Paul Cheng expects oil majors will beat earnings expectations in Q2, but refiners could come up short once again. Barclays projections are good news for oil majors investors, but Cheng notes consensus estimates are a...

Argus’ David Coleman expects the low oil prices to persist, along with continued weak demand in the offshore drilling market. Coleman maintains a Hold rating on Tidewater Inc. (NYSE: TDW). Tough Times Ahead “We expect further downward pressure on vessel day rates and margins in the near...

Analysts and traders can make all the predictions they want about where oil prices are headed and when the global oil industry will begin to recover. But, the true oil and gas recovery will begin when cash starts flowing back into the space. Recent news from Chevron Corporation (NYSE: CVX), Exxon...

The S&P 500 bounced back after a horrible start to 2016 and has now delivered more than a 2 percent gain on the year. Commodity stocks have led the way in 2016 after horrible returns in recent years. In fact, a number of big-name stocks have already doubled so far this year. Here’s a look...

Equity and commodity markets have bounced back strongly this week after last week’s surprise Brexit vote sent shock waves through markets around the world. However, when it comes to the oil market, Barclays is not quite ready to dismiss the long-term impact of the Brexit. “The slowdown...

When an industry as large as U.S. oil gets hit as hard as it has in recent years, the struggles can weigh on parts of the economy that have nothing to do with energy. According to the Houston Chronicle’s Lydia DePillis, areas of the country losing a lot of oil-related “base” jobs...

Oil refiner stocks were the stars of the energy sector in 2015, but they have been absolutely crushed so far in 2016. While the Energy Select Sector SPDR (ETF) (NYSE: XLE) is up 11.3 percent this year, refiner stocks are averaging a more than 40 percent decline. Goldman Sachs analyst Neil Mehta...

Oil prices are rebounding this year, prompting investors to revisit some previously favored oil-related exchange-traded products. Some ETF issuers see room for improvement in the oil ETF market, and that is what AccuShares is looking to deliver with Tuesday's launch of two new oil ETFs. The...

The majority of Russia’s oil tycoons have been financially crippled by the global oil price collapse. However, the Wall Street Journal’s Laura Mills reported that one Russian oil billionaire has more than doubled his net worth from $2.4 billion to $5.9 billion during one of the harshest...

U.S. indices rallied Tuesday morning led by a triple digit point gain in the Dow Jones. Granted, stocks have been opened for trading for less than half an hour, and the Dow Jones Index is trading closer to 17,000 than the 18,000 level it flirted with last Thursday. CNBC's Jim Cramer acknowledged...

David Coleman of Argus Research still expects Chesapeake Energy Corporation (NYSE: CHK) to report a loss in 2016 due to weakness in commodity prices. Coleman maintains his 2016 loss forecast of $0.36 per share and sees only modest earnings in 2017. The analyst projects 2017 adjusted earnings...