U.S. refineries have begun the transition to winter-grade fuel and we should see refinery throughput slow to below 90% of capacity in the next week or two before picking up again.
thinkstockSeptember 16, 2015: Markets opened higher again on Wednesday apparently anticipating no action by the Fed to raise interest money. The consumer price index dropped which also worked against a rate hike…
If Moody’s Investors Service is right, the world’s largest oil companies will experience a contraction of 20% in their cash flows in 2015.
The U.S. Energy Information Administration says U.S. commercial crude inventories decreased by 2.1 million barrels last week.
Oil, gas and energy remains in a very high state of uncertainty. Still, the price of oil has acted as though it wants to find some stable ground.
Friday's top analyst upgrades, downgrades and initiations include BP, Chevron, Lululemon Athletica, Petrobras, Motorola, Shake Shack and Under Armour.
It just so happens that some of the latest short interest readings for major oil companies are backing off highs, while others are pushing on new highs.
U.S. commercial crude inventories increased by more than 2 million barrels last week, according to the U.S. Energy Information Administration.
thinkstockSeptember 9, 2015: Markets opened higher on Wednesday but ended up drifting lower all to finish the day lower. Talk of a stimulus package for the Chinese equity market gave Shanghai shares…
thinkstockSeptember 4, 2015: Markets opened lower on Friday following the nonfarm payroll report this morning, likely because the low headline unemployment rate (5.1%) and the four-week average job growth total (221,000 new…
The U.S. Energy Information Administration (EIA) weekly petroleum status report showed that U.S. commercial crude inventories increased by 4.7 million barrels last week.
thinkstockAugust 27, 2015: Markets opened higher again on Thursday and climbed to intra-day highs with about 2 hours left in the day’s trading session. The morning report on second-quarter GDP growth came…
U.S. commercial crude inventories decreased by 5.5 million barrels last week, maintaining a total U.S. commercial crude inventory of 450.8 million barrels.
The short interest data have been released for the August 14 settlement date. It just so happens that some of the latest short interest readings for major oil companies are backing off…
ThinkstockTuesday turned out to be a seriously ugly day for the stock market. By some counts it was even uglier than Monday’s sloppy session due to how it closed on the lows…
