ThinkstockBaker Hughes Inc. (NYSE: BHI) reported second-quarter results before markets opened this morning. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $0.65 on revenues of $5.49 billion. In…
ThinkstockSchlumberger Ltd. (NYSE: SLB) reported second-quarter 2013 results before markets opened this morning. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $1.15 on revenues of $11.18 billion. In…
thinkstockThe price differential (spread) between a barrel of WTI crude and a barrel of Brent crude has closed to less than $0.50 a barrel after soaring to around $28 a barrel in October of…
thinkstockThe Mosaic Co. (NYSE: MOS) reported fourth-quarter and fiscal-year 2013 results before markets opened this morning. The fertilizer maker reported diluted earnings per share (EPS) of $1.14 on revenues of $2.69 billion for the…
ThinkstockIt is hard to find many analysts or market pundits who will defend gold at this point. Sterne Agee analyst, Michael Dudas, is doing just that in a fresh research call. He is finding…
ThinkstockThe International Energy Agency (IEA) is the last of the closely watched reports on the oil market to come out this month. The agency said today that it raised its oil demand growth forecast…
ThinkstockIn the July release of its Oil Market Report, the Organization of Petroleum Exporting Countries (OPEC) for the first time estimates that demand for the cartel’s crude will decline in 2014. Demand in 2013…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories dropped by 9.9 million barrels last week, maintaining a total U.S. commercial crude inventory to 373.9…
ThinkstockOil field services firm Nabors Industries Ltd. (NYSE: NBR) warned on second-quarter earnings after markets closed last night. The Bermuda-based firm said that it now projects operating income for the quarter in the range…
ThinkstockA Gulf of Mexico oil well that has been inactive for 15 years began leaking gas condensate late Monday as workers were pluggiing the well for permanent abandonment. Five workers were safely evacuated from…
ThinkstockThe U.S. Energy Information Administration (EIA) released the monthly revision to its Short-Term Energy Outlook today, and the major change is that the EIA expects the average price of a barrel of WTI crude…
ThinkstockIn what may be the last massive mining project we see for some time, Turquoise Hill Resources Ltd. (NYSE: TRQ) announced yesterday that the $6.2 billion Oyu Tolgoi copper and gold project in Mongolia…
ThinkstockAlcoa Inc. (NYSE: AA) reported second-quarter fiscal 2013 results after markets closed today. The aluminum miner and refiner reported quarterly adjusted diluted earnings per share (EPS) of $0.07 on revenues of $5.8 billion. In…
ThinkstockFrom those from whom not much is expected, not much is likely to be delivered. The consensus estimate for second-quarter earnings from Alcoa Inc. (NYSE: AA) have dropped about 60% in the past 90…
ThinkstockSouth African miners at two platinum mines owned by Anglo American PLC’s Anglo American Platinum subsidiary (known as Amplats) have begun a wildcat strike, demanding that the company lift its suspension on 19 union…