Biden backs new offshore drilling in the Gulf of Mexico. Scaled-back plan disappoints all sides
President Joe Biden's administration has proposed up to three oil and gas lease sales in the Gulf of Mexico over the next five years but none in Alaska
Crude Settles Lower on Global Energy Demand Concerns
November WTI crude oil (CLX23 ) on Friday closed down -0.92 (-1.00%), and Nov RBOB gasoline (RBX23 ) closed down -6.67 (-2.70%). Nov WTI crude oil and gasoline prices Friday retreated, with gasoline tumbling to a 4-1/2 month low. Crude prices were under pressure after Friday’s weaker-than-expected global economic news...
Nat-Gas Prices Slip With Near-Term U.S. Temps Above Normal
November Nymex natural gas (NGX23 ) on Friday closed -0.016 (-0.54%). Nat-gas prices Friday posted moderate losses. A mixed near-term weather outlook weighed on nat-gas prices Friday after forecaster Maxar Technologies said it expects above-normal temperatures for most of the U.S. over the next week, which curbs heating demand for...
Crude Prices Retreat on Global Energy Demand Concerns
November WTI crude oil (CLX23 ) this morning is down -0.65 (-0.71%), and Nov RBOB gasoline (RBX23 ) is down -5.51 (-2.23%). Nov WTI crude oil and gasoline prices this morning are moving lower, with gasoline tumbling to a 4-1/2 month low. Crude prices are under pressure after today’s weaker-than-expected...
Stick With Chevron Stock - It Could Have Further to Rise
Chevron stock has risen with oil's move higher. It is also likely to report strong Q3 cash flow and a dividend hike soon. Shorting out-of-the-money put options for income looks attractive here.