Tortoise Energy Independence Fund Inc Stock News

With oil demand diving, plentiful production, and the oil futures curve in steep contango, storage has become a hot topic. Reports are already indicating that a

U.S. crude oil (CL1: COM) settled at its lowest level since February 2002, -6.6% to $20.09/bbl, as analysts forecast that quarantine measures are leading to the biggest-ever decline in oil demand.Bof

The Environmental Protection Agency says it will ease enforcement of a range of legally mandated public health and environmental protections, saying industries could have trouble complying with them d

U.S. crude oil drops (CL1: COM) following three days of gains, with worries over rapidly dwindling demand due to coronavirus travel bans and lockdowns outweighing effects of the $2T U.S. emergency st

The energy sector (XLE +7.3%) is today's top performer, extending this week's gain to ~18% even though the group is still down nearly 50% for the quarter.Today's advance comes amid a general rebound i

Pre-market action in the Big Oil names indicate big gains when trading opens, as crude oil prices surge on hopes the U.S. will soon reach a deal on a $2T coronavirus aid package that could help suppo

More than anything, low oil prices are behind the global market panic. Russia and Saudi Arabia must make amends before the crisis can end. When oil prices stop

U.S. crude oil (NYSEARCA:USO) climbs to its highs of the day, with April WTI +18.3% at $24.11/bbl while May Brent +7.4% at $26.72/bbl after both benchmarks plunged to multi-year lows yesterday, but an

The energy sector (XLE -10.3%) again trades behind the remaining 10 S&P sectors, pressured by another sharp drop in the price of crude oil and the persistence of weak sentiment.Crude continues its

Crude oil marks another finish at four-year lows, and analysts say more declines may follow as the coronavirus hurts demand and Saudi Arabia and Russia battle for market share.April WTI (NYSEARCA:USO)

Saudi Arabia announced that it will increase oil production from 9.7 million barrels a day to 10 million and then to 12 million if needed. However, over the las

Oil and gas stocks suffer from another day of aggressive selling, causing the S&P energy sector (XLE -5.1%) to widen its Q1 loss to ~51%, even worse than the one-third loss in the financials group

Pres. Trump says he has instructed the U.S. Department of Energy to buy "large quantities of crude oil. right up to the top" for the Strategic Petroleum Reserve.WTI April crude oil jumps ~$2/b

Several oil companies hit by the price war between Saudi Arabia and Russia are encouraging the Trump administration to waive the Jones Act, a law that mandates only U.S. vessels can be used to transpo

The S&P 500 energy sector (XLE -10.7%) is today's worst performer, bringing its week-to-date losses to 29% and year-to-date losses above 50%.The basis for today's sharp selloff remains much the sa