Sunday, December 29, 2024

Federal Reserve Raises Interest Rates for First Time in Nearly a Decade

Story by CNN America’s first interest rate hike in nearly a decade is here. The Federal Reserve raised its key interest rate on Wednesday from a range of 0% to 0.25% to a range of 0.25% to 0.5%. The rate hike is a small one, but it will affect millions of Americans, including investors, home buyers and savers. Savers should

Crude Oil Storage – December 16, 2015

December 16, 2015 CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/11/15) Current: 490,657 Actual Build/(Withdrawal): 4,801 Economist Average Estimate: (600) Previous: 485,856 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *OPEC Oil Production hits Three Year High – 31.695 MMBOPD – Oil & Gas 360® In the group’s monthly release out today, OPEC reported that the

Gastar Exploration Announces Closing of Mid-Continent Acquisition and Results from Initial Meramec Well in Oklahoma

Gastar Exploration Inc. (NYSE MKT: GST) (“Gastar” or the “Company”) today announced the closing of its previously announced acquisition of additional interests in its Area of Mutual Interest (“AMI”) from its AMI co-participant, Husky Ventures, Inc. (“Husky”), and certain other parties (collectively “Sellers”).  The acquisition included working and net revenue interests in 103 gross (10.2 net) producing wells and approximately

ConocoPhillips, 28 Energy Producers Face Ratings Cuts by Moody’s

Story by Bloomberg ConocoPhillips and Anadarko Petroleum Corp. are among 29 U.S. oil and gas exploration and production companies whose ratings Moody’s Investors Service is reviewing for possible downgrades, spelling new trouble for the beleaguered industry. This comes as plummeting commodity prices have weighed on energy producers’ debt, with the industry’s investment-grade bonds falling 4.7 percent this year. Junk-rated energy