oil prices
oil prices Articles
There are five companies that dominate the oil field services industry, and all have a market cap above $10 billion. The five are Schlumberger Ltd. (NYSE: SLB), Halliburton Co. (NYSE: HAL), National...
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Worries over the global economy have been keeping a lid on oil prices, which have dropped back to levels last seen at the beginning of the year. WTI crude is now up slightly at just over $87/barrel...
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High prices have finally contributed to curing high prices in the world’s crude oil market. The gloomy economic forecasts for the second half of 2011 have combined with $120/barrel prices for Brent...
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Today’s news on GDP shows the double dip has arrived–an expansion of only 1.3% and consumer spending up .1% in the second quarter. Astonishingly low by any account.. The debt ceiling trouble and...
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As an industry, the oil field services sector is doing very well. Its P/E ratio for the trailing twelve months is 36 and its price/book ratio is 6.0. With a few exceptions, including Weatherford...
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After posting a three-month low last month, WTI crude oil prices have been making a comeback as the agreement on Greek debt appears to be set, which has put some strength back in the euro and...
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The Keystone XL Pipeline project has been under review for more than two years now, and has already secured approval from the Alberta provincial government and the Canadian national government. The...
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Today’s commodities watch offers some thoughts about the coming end of the Federal Reserve’s QE2 program and the effect that will have on commodity prices. One could make a pretty good argument...
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Today’s commodities news is not quite a repeat of yesterday’s because oil is staying essentially flat and yesterday’s commodities sell-off is not being repeated. Wheat prices, however are...
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Bad weather in North America and Australia, political unrest in the Middle East and North Africa, and a slow return to drilling in the US Gulf of Mexico have all led to weak expectations for the oil...
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Oil field services firm Halliburton Co. (NYSE: HAL) reported EPS of $0.61 for its first quarter, more than double its profit in the same period a year ago. Revenue reached $5.3 billion, compared with...
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Time for our daily look at the world of commodity prices and key developments. This Friday brings gold and silver, corn prices on the rise, and even a positive read on aluminum. Commodities markets...
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Portugal finally asked the EU for financial aid. The capital markets had driven its cost of borrowing too high to be sustainable. The country also had to admit that the figures from its last budget...
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Economists and the media continue to say that no one can predict when the price of gas will hurt consumer spending, damage business profits, and slow economic growth. There is no need to worry any...
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By Robert Herbst You think you are paying more at the corner gas station? Checkout what the airline industry is looking at! If the current price of jet fuel was the average for the year? It would...
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