gas

According to AAA, gas prices continue to plummet, with the previous week marking the largest weekly decline since early August. GasBuddy now predicts that prices will continue to decline and the national average will be below $3 per gallon by Christmas. What Happened: In the previous week, the...

In October, the White House ruled out a ban on natural gas exports this winter in an attempt to help alleviate energy shortages in Europe. With nearly half of all U.S. households using natural gas to heat their homes, the U.S. Energy Information Administration (EIA) is expecting an increase in...

Direxion Daily S&P Oil & Gas Exp & Prod Bull 2X Shares (NYSE: GUSH) gapped down about 6% to start Monday’s trading session after the United Arab Emirates (UAE) said it planned to slash its crude oil exports to some term contract clients in Asia by 5% next month....

More than 30 natural gas tankers carrying liquified natural gas (LNG) are idling, reported the Wall Street Journal, and slowing their routes off Europe’s coast, waiting for the price of fuel to rise. As Dutch TTF December Gas Futures stabilized to 113.50 euros from a ...

Kevin Hern is a member of the Republican party and a member of the U.S. House of Representatives for Oklahoma's 1st Congressional District. Rep. Hern sits on the House Committee of Ways and Means and also holds a number of caucus memberships such as the House Energy Action Team. In...

On today's (Oct. 6) episode of the "Stock Market Movers," host Mitch Hoch spoke to Rob Thummel, senior portfolio manager and managing director at Tortoise Capital Advisors, about the OPEC+ decision to cut oil production and the White House's reaction to it.  Stock...

Monday was a great day for stocks overall, but one sector absolutely dominated the day: energy. In fact, the Energy Select Sector SPDR Fund (ARCA: XLE) was up more than 6% on the day, nearly double the returns of any other sector.  Why Are Oil And Gas Stocks Soaring? OPEC+, the coalition of...

The United States Oil ETF (NYSE: USO) attempted to bounce up on Monday but ran into a group of sellers who knocked the fund down about 2.5%. The broad market sell-off, which has taken place amid recession fears, gripped USO in early June, bringing the fund down more than 30% since the...

EQT Corporation (NYSE: EQT), a Pittsburgh-based natural gas company, is poised to generate significant free cash flows (FCF) next year with a high-end FCF yield at 30%. The BMO Capital Analyst: Phillip Jungwirth upgraded the rating from Market Perform to Outperform and raised...

As the natural gas Oct. 22 futures retreated from record highs of $9.98 per cubic foot to $8.27 per cubic foot, the SPDR Energy Select Sector Fund (ARCA: XLE) fell by .80%. Unfortunately, the U.S. and other major oil players such as OPEC have mentioned there are not enough energy...

Let’s dive into the two key components in the Consumer Price Index (CPI) that have seen the most inflationary pressures since the year began, and even more so on a 12-month unadjusted basis: gasoline, +44%; oil, +75.6%. What Happened: Fundstrat’s Managing Partner Tom Lee ...

The United States Oil ETF (NYSE: USO) dropped 1% but the Energy Select Sector SPDR Fund (NYSE: XLE) gained 0.5% on Wednesday as investors digest mixed data on the strength of the global economy and the outlook for energy demand. Brent crude oil dropped 2.5% to $96.78 per barrel, while WTI crude...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk told shareholders on Monday at the 2022 Offshore Northern Shore Conference in Stavanger, Norway, that the world needs more oil and natural gas, and should invest heavily in renewable energy sources. "I think we actually need more oil and gas,...

Direxion Energy Bull 2X Shares (NYSE: ERX) closed up more than 3% higher on Monday as the ETF continued to trend within its uptrend. The energy sector had been enjoying another bull cycle, which began on July 14. The surge higher on Monday may have been ignited after news of increasing...

Occidental Petroleum Corporation (NYSE: OXY) opened lower on Monday after a big bullish day on Friday saw the stock rally almost 10% off Thursday’s closing price. Occidental Petroleum surged on Friday after news dropped that Berkshire Hathaway, Inc (NYSE: BRK-A) (NYSE: BRK-B) CEO and...