OPEC

Analysts at Stifel on Wednesday initiated coverage of Ardmore Shipping Corp (NYSE: ASC), DHT Holdings Inc (NYSE: DHT), Euronav NV Ordinary Shares (NYSE: EURN) and First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE: FPF). Admore Initiated At Buy Shares of Admore were initiated with a Buy rating and...

After being right with his prediction of oil moving back to the $60/barrel mark, famous energy investor and BP Capital chairman T. Boone Pickens is now predicting that oil will be back to the $70 mark by the end of this year. Pickens was on Fox Business News Friday to discuss what's driving...

When oil prices came crashing down last year, many expected the production to follow suit. However, instead of dropping, oil production has been on a gradual rise and, according to Goldman Sachs' Global Head of Commodities Research Jeff Currie, that’s the reason to be negative on oil....

While the majority of stocks are at or near all-time highs, the energy sector has been in a state of turmoil over the past year. At the heart of the matter is a massive global crude oil supply glut that has wreaked havoc on oil prices and oil producers. So far, OPEC has been stubborn in its...

In a new report, Citi Research analyst Ryan Todd looked at the outlook for non-OPEC crude oil producers. Citi believes that higher oil prices are on the way in the long-term and that U.S. producers could be seeing a big pick-up in demand by 2020. Production Collapse Not Coming Despite major...

Goldman Sachs readjusted ratings on several E&P stocks this week based on updated projections for OPEC productivity, shale efficiency, project startups and oil and gas prices. Overall, Goldman maintains a Neutral rating on the E&P space. Upgrades To Buy Goldman prefers E&Ps with...

Oil has been on a free fall since October after it was concluded that we are now producing more oil than the demand. This cut the oil price in half as it fell into the $40s. OPEC has remained strong in that they will not cut their production. OPEC had to make cuts in the past that caused them to...

OPEC's Secretary-General Abdullah al-Badri said at the World Economic Forum in Davos, Switzerland, that oil prices are expected to recover following a more than 50 percent decline since June. Al-Badri was quoted as saying oil will "rebound and we will go back to normal very soon....

Since November 2014 when OPEC decided against a production cut, crude prices have been rapidly declining, oil companies have been struggling to stay afloat and share markets have been pummeled. The volatile trading environment and uncertainty about the long-term effect crude prices could have on...

GasBuddy.com just released its fuel price outlook for 2015 and the news for motorists is nothing short of spectacular. For the year, GasBuddy projects the average price for gasoline in the U.S. will be $2.64. “Toward the end of 2014, the market showed bountiful supply, strong production...

For the first time since April 2009, WTI crude breached the $50 mark Monday and briefly traded even lower, going as low as $49.95 per barrel. Though it recently traded above that mark, it was still down more than 4 percent for the day. CNBC's Jackie DeAngelis reported on the news and...

The average price of gasoline in the United States on January 1, 2014, was $3.29 per gallon. December 31, 2014, it was $2.24 or more than $1 per gallon less than at the beginning of the year. When gasoline price website, GasBuddy.com, issued its 2014 Fuel Price Outlook, it said the year “...