oil prices
oil prices Articles
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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Saudi Arabia’s oil minister Ali al-Naimi said his country would act to move oil prices lower and keep them there. His comments caused a sell off in crude. His case for lower oil is not just his...
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Before you panic about inflation in this reading, you might want to consider that many commodity prices have already backed off in recent days. Still, the reading for commodity import prices rose...
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The rise of “green” initiatives may finally have begun to help the U.S. economy. New Bureau of Labors statistics claim that 3.1 million Americans were employed in green jobs in 2010. The agency...
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Today’s falling crude prices are having an impact on stocks in the oil field services companies today. Schlumberger Ltd. (NYSE: SLB), Halliburton Co. (NYSE: HAL), Baker Hughes Inc. (NYSE: BHI),...
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