The weekly DOE inventories confirmed the EIA data last night, and the data is about just as bullish for oil and energy prices. The United States Oil (NYSE: USO) ETF and iPath…
Douglas A. McIntyre Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2009 and it looks like the endless slide we saw all of 2009 is being confirmed as either over…
Douglas A. McIntyre The D.O.E. has just released weekly data for crude oil, and the losses in weekly inventories appear to be a bit reversed this last week. Crude inventories came in up 2.866 million…
Douglas A. McIntyre It seems that the steady rise in oil prices is finally starting to support some stability in rig counts. We just got some fresh weekly rig count data from Baker Hughes Inc.…
Suntech Power Holdings Co., Ltd. (NYSE:STP) closed its follow-on offering of 23 million ADSs on May 28th. The price per ADS was $12.50, and the company raised net proceeds of about $277…
OPEC had noted that it would keep production levels unchanged, but also argued for a $75 ideal oil price. Whether or not the cartel that does not want to be called a…
Douglas A. McIntyre While the Fed has noted nothing about inflationary pressures, we have started seeing yet another return to the reflation trade as the economy seems to be bottoming out and all the new…
It looks like we are seeing the second week of draws in crude oil and oil products. The Department of Energy is confirming data from the EIA last night showing a second…
Douglas A. McIntyre Oil has just seen its first drop in inventories from the DOE in what feels like many weeks. The DOE reported that weekly inventories fell by -4.7 million barrels in crude oil…
Douglas A. McIntyre The weekly oil inventories are still building by the Department of Energy’s count. Last week we saw a build of 600,000 barrels of crude to 375.3 million barrels and distillates grew by…
Douglas A. McIntyre Baker Hughes Inc. (NYSE: BHI) has released the weekly rig counts. The bad news is that these rig counts are still declining. The good news is that this really appears to be…
Douglas A. McIntyre The Department of Energy released its weekly oil inventory data and again we saw another build-up of black gold. This increase has started to hit the United States Oil (USO) and the…
Baker Hughes Inc. (NYSE: BHI) is out with its weekly rig count. Last week we thought that we were getting close to equilibrium on the supply and demand equation because we were…
Douglas A. McIntyre We have just seen another build in crude oil inventories according to the Department of Energy data. The build is not in finished products, but the increase in crude oil inventories was…
It appears that oil stability and a large percentage rise off of lows is not enough for drillers. Baker Hughes Inc. (NYSE: BHI) released its weekly total rig counts for the US…
Douglas A. McIntyre 