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Energy & Utilities

Oil prices and predictions in review

Did Analysts Predict Oil Prices Right in 2019?

So far in 2019, WTI and Brent crude oil spot prices have averaged $56.9 per barrel and $64.3 per barrel. The prices are lower than the average expectations.

PG&E Endures Blackouts, Bankruptcy, and Volatile Stock

On Thursday, PG&E's chairman, Bill Johnson, said that preventive power shutoffs could continue for at least five more years.

AMLP: What’s Next for Midstream MLPs after a Rebound?

Midstream MLPs have recovered after hitting multiyear lows early this month. The ALPS Alerian MLP ETF (AMLP) is up more than 10% in the last two weeks.

PG&E Stock Is on Fire, Judge Approves Wildfire Settlement

PG&E stock is trading higher today. A judge approved the company's settlement with California wildfire victims. The stock gained 12.8% during trade on Tuesday.

PG&E Faces Moment of Truth, Newsom Rejects Plan

California Governor Gavin Newsom rejected PG&E's (PCG) reorganization plan on December 13. The rejection is a huge setback for the company.
Oil pump

Oil Price Outlook: Goldman Sachs Sees a New High

Last week, Goldman Sachs increased its target on oil prices, but only for the short term. Its long-term target on oil prices is almost unchanged.
oil reserves

Which Country Has the Most Oil?

Let’s take a look at the countries that own the most proven oil reserves and see why that matters for investors. You might find some surprises!