Chevron's (NYSE: CVX) Annual Analyst Meeting Warns of Lingering Shifts in LNG Prices, Oil Prices

Chevron (NYSE: CVX), the nation's second-largest oil company and the world's fourth-largest energy producer by market value, cut expectations for its 2017 production by 6.1% at its annual security analyst meeting today (Tuesday), citing a drop in LNG prices and an increase in oil prices.

Over the last several months, the petrochemical company, along with industry competitors, has been shelling out huge amounts of cash to raise natural gas and oil production.

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Why Oil Prices Are Up Today

Oil prices are up today (Thursday) for the first time in three days for the following two reasons.

New York's main contract and oil price benchmark West Texas Intermediate (WTI) for April delivery rose $0.11 to $101.56 a barrel, after reaching as low as $100.13 a barrel in intraday trading. The volume of all futures traded was around 42% over the 100-day average.

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U.S. Oil Futures Today: Watch Them Soar on These Two Factors

Today (Monday), U.S. oil futures hit a five-month high on fallout from the Ukraine conflict, further supported by inclement weather across the United States.

On the New York Mercantile Exchange (NYMEX), West Texas Intermediate (WTI) crude for delivery in April rose to a session high of $104.65 a barrel, the highest since Sept. 23.

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Energy Investing

Why the Rising Tide in Oil Hasn't Been as Good for Offshore Drilling Ventures

The spread between West Texas Intermediate (WTI) and Brent continues to narrow.

Thanks to additional new U.S. pipeline capacity and the growing volume of oil product exports from American refineries, the glut of excess storage at Cushing, Okla., is shrinking.

This ongoing glut has been the single biggest reason why WTI trades at a discount to Brent. As I write this, WTI is approaching $104 a barrel and Brent $111.

With crude oil prices continuing to rise, you would think that would be good news for both onshore and offshore drilling ventures.

But it's just not so, at least in the short term...

Top News

Why the Keystone XL Crude Oil Pipeline Deal Is Far from Done

Late Friday afternoon, the Keystone XL crude oil pipeline cleared one of its biggest hurdles.

In its Final Environmental Impact Statement, the U.S. Department of State concluded that completing the pipeline's northern leg would not have a major impact on global greenhouse gas emissions.

It just needs to get past these last political hurdles...

Top News

Keystone Pipeline Gets Step Closer to Approval – Which Is Good News for These Investors

Keystone XL pipeline supporters – who have been waiting years for this project to be completed – just received good news from the U.S. Department of State.

The Keystone pipeline is 1,179 miles long and would connect heavy crude oil from bitumen deposits in Canada to the southeastern refining network of the United States. While the southern portion has been built, the northern section requires approval given its cross-border passage.

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Energy Investing

The Best "Yardstick" for Picking Oil and Gas Stocks to Buy

As every savvy investor knows, multiples are one of the best yardsticks when it comes to finding undervalued oil and gas stocks to buy.

More often than not, that involves a hard look at the multiple of a company's earnings to determine whether or not a stock is fairly valued.

And the best part is, hardly anyone else is using it...

Energy Investing

The Five Biggest Oil Investing Trends of 2014

The global oil market in 2013 was dominated by geopolitical disruptions, a huge boom in U.S. domestic production, and double-digit gains for energy investors. Energy stocks rose about 18% in 2013.

This year's gains should be even better, especially if investors follow the five biggest oil investing trends of 2014.

Just look at what's happening in the United States…

But the next 12 months could be even better…

Energy Investing

What the Fed Taper Means for Oil Prices

Last Wednesday afternoon, after much gnashing of teeth, the Fed finally revealed its long-awaited quantitative easing (QE) taper plans…

And the Dow jumped by almost 300 points.

Now, the taper itself is small to start – just a $10 billion reduction for the month of January. But the announcement was coupled with a pledge to keep the Fed funds rate at zero beyond the 6.5% unemployment threshold.

and it's going to change global markets in a fundamental way...

Hot Stocks

Best Oil Stocks to Buy as U.S. Jumps to World's Top Oil Producer

It's time to look at oil stocks to buy as the United States gets ready to surpass the world's biggest oil producers.

Earlier this month, the International Energy Agency (IEA) reported that the United States will jump past both Russia and Saudi Arabia as the world's top oil producer by 2015.

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