Oil prices eased from 2019 peaks on Friday as economic growth concerns weighed on sentiment, pausing a three-month rally driven by OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela. Read More...

OPEC and other major oil producers on Monday canceled a meeting planned for April, leaving the alliance’s price-boosting production cuts in place until at least June. Read More...

OPEC on Thursday cut the forecast of global demand for its crude this year as rivals boost production, building a case to extend a supply-cutting deal with Russia and other allies beyond the first half of 2019. Read More...

Oil prices rose on Friday as markets tightened amid output cuts by producer club OPEC, but surging U.S. supply and a global economic slowdown prevented crude from climbing further. Read More...

Chesapeake Energy shares surged this week after the company reported estimate-beating Q4 earnings and revenue expectations.CHK forecasts 2019 oil production to rise ~32% to 116K-122K bbl/day while capex is expected to remain roughly flat at $2.3B-$2.5 billion and cash flow is seen coming in really strong. 

Brent oil edged up to $65 a barrel on Tuesday as Saudi Arabia and the rest of OPEC were expected to stick to their policy of cutting production, despite renewed pressure from U.S. President Donald Trump. Read More...

The chart shows a downward trend with an interesting trend line and the company’s fundamentals are unusual as well. Looking at the daily chart we see that the stock gapped lower back on October 23.The drop in the stock on that day caused the stock to drop below its 50-day moving average. The Tickeron AI Prediction tool generated a bearish signal on the stock on February 19 and that signal came with a confidence level of 65%.

Shares of Devon Energy soared as much as 15% to its highest in three months, after the company announced the sale of its Canadian and Barnett Shale assets and raised its dividend. Analysts are divided in their opinions regarding the exact value of the Canadian asset sales.This uncertainly is due the fact that Alberta is currently facing forced production curbs designed to draw down a crude oil glut, coupled with a lack of long-term pipeline takeaway capacity in western Canada. Canadian oil sands companies like Imperial Oil, Canadian Natural, Husky Energy, and Suncor Energy are the usual suspects according to analysts to make purchases of DVN’s assets.

OPEC fell just short of its production goal in January, as a fresh round of output cuts from the 14-nation producer group got under way. Read More...

During just six months crude oil prices ripped higher by about 20 percent, plunged more than 40 percent and snapped back 25 percent, an intense volatility that analysts warn could be the new normal in the oil market. Read More...

Global oil prices fell again on Monday after U.S. data sparked fresh concerns about a slowdown in the global economy and rising crude supplies in the United States. Over the past couple of weeks, oil markets experienced a positive outcome as prices rose to $64 a barrel, following supply cuts by the OPEC countries, especially Saudi Arabia, as well as sanctions against Venezuela’s oil exports. But this rise was short-lived as prices fell again on Monday. Brent crude oil, the global benchmark for oil, had hit $63.30 a barrel before the start of the trade on Monday – the highest since early December, but as the trading started Brent lost 24 cents to stand at $62.51 around 1:30 p.m. ET. On the other hand, West Texas Intermediate crude also experienced its best intra-day high of $55.75, since November 21, 2018.But it was down by 75 cents or 1.4% to stand at $54.51 around 1:30 p.m.

Natural gas prices spiked on Monday as the market realized that cold in the U.S may persist longer, increasing heating demand and putting pressure on gas stockpiles. Natural gas futures for February increased by more than 16 % on Monday to settle at $3.591/MMBtu.Hotter-than-usual late summer temperatures and an unanticipated cold fall increased demand for cooling and heating last year, causing natural gas stockpiles hit their lowest level in over a decade. But following the forecast of return of cold weather conditions, coupled with a prolonged cold period and natural gas inventories still hovering 15% below its five-year average, natural gas prices seem likely to move higher in the coming days.

Shares of Chesapeake Energy surged nearly 10% last Wednesday after the oil and gas company reported strong production outlook for the fourth-quarter. CHK’s revised strategy to focus on oil production and to move away from gas finally paid off, after the Oklahoma-based oil producer said that it expects the total production to hover somewhere in-between 462,000 and 464,000 barrels of oil equivalent (BOE) per day for the December ending fourth-quarter.FactSet consensus expected the production to touch 448,000 BOE per day. CHK further added that it expects oil production to range between 86,000 to 87,000 barrels (bbls) of oil per day, compared to FactSet consensus of 85,200 bbls per day.

Chesapeake Energy shares skyrocketed 26.6% on Thursday, the most in two years, after board member Archie Dunham announced the purchase additional shares of the company. According to the filing with the U.S. Securities and Exchange Commission, the Director bought 2.1 million shares of the company worth $4 million on December 21, 2018.With this purchase he nearly doubled his position in the company to more than 1% in this month. “Since I’m in for long term, when I get the opportunity to buy when the whole market drops like it did over the last 10 days, I decided I would be foolish not to take advantage of it,” the Director said to Bloomberg in a telephonic interview. Registering its highest gain since April 2016, the company end the day at $2.19 per share after rising nearly 27%. Amidst a transition phase, in terms of shifting focus from gas to oil production, shares of the company tumbled by ~25% since November end after being hit by the oil rout.

Falling in tandem with the equities market, oil prices hit their lowest levels in nearly 18 months to trade at $42.53/bbl. Despite the production deal struck earlier in December between the OPEC and Russia, investors are increasingly seeking shelter in apparently safe-haven assets such as gold and government debt at the cost of risker ones like oil and stocks.crude futures ended Monday's session at $42.53 after falling 6.7% or $3.06, its lowest closing price since June 2017 and close to 2017’s lowest level of $42.05.

In a recently released 2019 budget, Hess Corporation (HES) has revealed that the company is planning to significantly increase spending compared to 2018's levels.Making itself an outlier compared to its exploration and production peers, Hess reiterated that its increased investment will pay big dividends down the road. Hess also revealed that it plans to invest $2.9 billion in capex during 2019, nearly 40% higher than the $2.1 billion it spent in both 2017 and 2018.

Oil prices fell on Friday to their lowest levels in more than a year, deepening a rapid seven-week sell-off that has plunged crude futures deep into a bear market. READ MORE...

A fresh burst of arctic air around the Midwestern United States helped U.S. natural gas futures surge more than 11% on Wednesday. With the forecast of snow showers continuing over the next several weeks, coupled with an indication that stockpiles may simultaneously plunge, Nymex natural gas prices increased by 11.2% to stand at $4.74/MMBtu. Although production has increased in this year, further increased demand since the beginning of November has kept inventories well below normal.With an unusually cold start to the winter season, analysts expect supply to be constrained for the entire peak heating season considering the low levels of inventory, which in turn can make prices go up further. With the potential for natural gas shortages at the end of the season, several gas-focused companies like Antero Resources (AR, +2.91%), Gulfport Energy Corporation (GPOR, +3.40%), EQT Corporation (EQT, +2.14%) and Cabot Oil & Gas (COG, +2.64%) were some of the top gainers in Wedn

Brent crude futures, which tanked by ~6% on Friday, increased by $1.71 or 2.9% on Monday to stand at $60.51 a barrel.U.S. West Texas Intermediate crude futures, which sank nearly 7.7% on Friday, rose by $1.28 or 2.5% to stand at $51.70 a barrel. Although the gains partly made up for Friday’s losses, oil and gas analysts are of the opinion that uncertainty over global economic growth limited gains and they are concerned whether oil can hold on to the $60 mark, considering broad market weakness. With the International Energy Agency already revising their initial estimate for the demand growth rate from 1.5 million barrels per day to 1.4 million barrels per day in just three months, analysts aren’t expecting any sustainable long-term oil price gain.   

Snapping four days of gains, oil prices plummeted again on Tuesday and crude futures also fell to fresh session lows, as the U.S. President in an official statement announced that the United States stands by Saudi Arabia. Brent crude fell by $4.72 or 7.1% to stand at $62.07 a barrel while the international benchmark for oil prices hit a fresh eight-month low on Tuesday.U.S. West Texas Intermediate (WTI) plunged by $4.18 or 7.3% to stand at $53.02, thus hitting its lowest level going back to October 2017. Crude futures and equities fell in tandem during this broad market sell-off, just like last month.