By Julianne Geiger – 14 Aug 2020, 17:00 CDT Prices for natural gas rose by almost 9% on Friday, even though the weekly storage report did not show much movement. Natural gas prices hit $ 2,367 at 2:26 pm EDT, an increase of 8.48% or $ 0.185, even though the …
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By Julianne Geiger – 12 Aug 2020, 11:00 CDT U.S. crude oil production will fall by an average of 990,000 barrels per day, according to the Energy Information Administration, for an average of 11.26 million bpd. That is a much larger loss than the agency expected during its previous forecast …
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August has historically been brutal for oil and gas stocks. According to data from Schaeffer Research, the energy sector has consistently underperformed in August, with returns turning negative in 8 of the last ten years. Oilfield services companies were one of the biggest culprits, with Baker Hughes (NYSE: BKR), Schlumberger …
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