Integrated Oil & Gas

Analysts at Macquarie downgrade Statoil ASA (NYSE: STO) from “outperform” to “neutral.” STO shares dropped 3.67% to close at $23.86 yesterday. More Analyst Ratings here

Analysts at Barclays upgrade Petroleo Brasileiro SA (NYSE: PBR) from “equal weight” to “overweight.” The target price for PBR has been raised from $36 to $39. PBR shares fell 2.63% to close at $35.95 yesterday. More Analyst Ratings here

Oil production in the U.S. has been falling for two decades and the recent moratorium on deepwater drilling isn't helping matters, but there may be a viable alternative for boosting domestic crude production. Oil producers are investing billions of dollars to reach new oil reserves in California,...

Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) fell 6.67%, and closed at $35.56. Vale (ADR) (NYSE: VALE) is a component of the MSCI Emerging Markets Index, and VALE lost 2.59% on Wednesday. Market Vectors India Small Cap Index ETF (NYSE: SCIF) dropped 5.82% today, and closed at $15...

Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) spiked 6.73% on Wednesday, as Vale (ADR) (NYSE: VALE) dropped 2.59%. CNOOC Limited (ADR) (NYSE: CEO) also struggled today, it fell 4.04%. ProShares Ultrashort MSCI Brazil (NYSE: BZQ) traded 5.72% higher today, and it closed at $17.93....

Today the highly popular Dow Jones Industrial Average(DJIA) is under some pressure. This stock index has lead the stock markets higher since mid-January. The NASDAQ Composite, S&P 500 Index, and the Russell 2000 Index have all lagged the DJIA since that time. It is important for traders and...

Cusick's Corner As I noted yesterday this market is a little frothy with S&P March futures at 1320, a pullback could be warranted. Many traders are monitoring if critical, short-term support 1317 holds on the March S&P futures into the After Hours, which would be a good sign for the bulls...

Targa Resources Partners LP (NYSE: NGLS) announced today that its assets located at Mont Belvieu, TX were not physically affected or damaged by the fire that occurred at a neighboring facility on February 8, 2011. The Partnership followed strict safety and other operating procedures during the...

The markets are having a rare late morning, pre lunch drop, as the Dollar has spiked higher. The trading day started much like all the rest. A small gap lower and a float back to the flat line on light volume. However, once the flat line was achieved, the markets started to drop at 11am ET....

Chevron Corp. (NYSE: CVX) today announced a further drilling success in the Carnarvon Basin offshore Western Australia, Australia's premier hydrocarbon basin. The Orthrus-2 well is located in the WA-24-R permit area approximately 60 miles (100 kilometers) northwest of Barrow Island. The well was...

MetLife (NYSE: MET) is expected to post its Q4 EPS at $1.10 on revenue of $13.50 billion. Coca-Cola (NYSE: KO) is projected to report its Q4 EPS at $0.72 on revenue of $9.75 billion. Northrop Grumman (NYSE: NOC) is projected to report its Q4 earnings at $1.01 per share on revenue of $8.80 billion...

Following the fire at the Enterprise Products (NYSE: EPD) facility in Mont Belvieu, Texas, Jim Cramer was on CNBC warning that whatever you extract from the Earth has some dangerous factor. Could this have an impact on Exxon Mobil Corporation (NYSE: XOM), BP (NYSE: BP), or ETFs like United States...

The markets moved higher on extremely light volume today. Mondays are often like this, especially following the Super Bowl last night. Remember, light volume favors the upside and today is no different. The SPDR S&P 500 ETF (NYSE: SPY) is trading at $132.30, +1.15 (+0.88%). The markets...

Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) jumped 5.92% in the regular trading session, and it added 1.13% in the after hours on Friday. In the semiconductor space, Teradyne, Inc. (NYSE: TER) gained 2.48% in the regular session, and it added 2.47% in the after hours. ProShares...

World oil demand has been increasing pretty rapidly. The International Energy Agency estimates that world oil demand is currently at a rate of about 88.2 million barrels per day. That is over 1,000 barrels per second! Think about that... Combine an already tight oil supply with the crisis in Egypt...