oil prices
oil prices Articles
With the exception of Chesapeake, which is seen as primarily a natural gas company with lots of problems, the oil and gas firms are not heavily shorted. Nobody really thinks the price of oil is going...
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Two months ago, almost all predictions about gasoline prices were that they were falling and would stay down, or even drop more. Crude prices had fallen. Oil and gas supplies were abundant. Trouble...
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In less than two months, the price of Brent crude has risen from around $90 per barrel to threaten $120 per barrel again. At the pump, gasoline prices are up about $0.30 a gallon since late June....
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Baker Hughes Incorporated (NYSE: BHI) has announced that despite the rise in oil prices, its count on rigs fell in the last week. The services firm reported that the North American rig count totaled...
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National Oilwell Varco Inc. (NYSE: NOV) reported second-quarter adjusted earnings per share (EPS) of $1.46 and $4.7 billion in revenue this morning. Adjusted EPS rose 26% from $1.14 in the same...
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Two of the world’s largest oil field services firms reported earnings this morning: Baker Hughes Inc. (NYSE: BHI) and Schlumberger Ltd. (NYSE: SLB). Both handily beat earnings per share (EPS) and...
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Oil and gas driller Nabors Industries Ltd. (NYSE: NBR) warned this morning that the company expects second-quarter operating results to miss consensus estimate, mainly as a result of higher costs:...
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We’ve already posted our opinions on the agreement which is expected to create a TARP-style program to prop up Europe’s weak banks. In our view, the proposal is not big enough and it doesn’t...
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Shares of heavy construction firm McDermott International Inc. (NYSE: MDR) are getting a nice boost following open market stock purchases worth about $3 million from 4 different insiders. The firm,...
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As much of the world moves into or toward recession, Brent crude has fallen to less than $100 a barrel from $120 four months ago. It is only a coincidence, but it begs the question of what would...
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WTI crude hit a high for the year of just over $110/barrel in February. WTI closed at just under $88/barrel last night. The price for Brent crude has fallen from near $127/barrel to around...
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The sixth-largest crude refinery in the US, in Whiting, Indiana, has the capacity to turn more than 400,000 barrels/day of crude into useful products like gasoline and jet fuel. BP plc (NYSE: BP) has...
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Oil has hit an extraordinarily low price, below $90 for WTI crude. That is the lowest level since October. It shows no inclination to spike back up. PMI data from Europe and China may actually...
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WTI crude reached a six month low, which is positive for nearly everyone other than the oil and gas industry. the price moved below $92, down from close to $110 less than 90 days ago. Part of the...
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The oilfield services companies are on a roll. Well, sort of. Expectations had been lowered so much coming into this earnings season that every one is able to clear the lowered bar. Baker Hughes Inc....
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