Fitch warns that the Brazilian government's decision to assign the production of the excess volume of the transfer of right areas to Petrobras will further pressure the company's cash flow generation ability.
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.7 million barrels last week, maintaining a total U.S. commercial crude inventory…
There were some rather large changes in the numbers of shares short in the big oil stocks in early June. Still, an elevated short interest trend remains in place in the industry.
The Dow Jones Industrial Average (DJIA) has recently hit new highs, and the reading of 17,000 is now within striking distance. Another milestone is also not that far out of range — DJIA…
Wikimedia CommonsOf  the 30 stocks in the Dow Jones Industrial Average, a nearly infinite combination of their advances could put the index over 17,000 for the first time. The Dow stands at…
ThinkstockFriday was a big day for oil and gas production companies. The country’s three largest and many others hit new 52-week highs, and it is not entirely due to the turmoil and…
thinkstockJune 20, 2014: Markets opened higher on Friday and investors took the DJIA to a new all-time high just shy of 17,000. The S&P 500 also posted a new all-time high as…
thinkstockJune 19, 2014: Markets opened mixed on Thursday but investors took the opportunity to take some profits (or to cover short positions) following three days of rising equity prices. Volumes were low…
thinkstockJune 18, 2014: Markets opened lower on Tuesday and spent most of the day waiting to see what the FOMC would do and say. After the announcement equities got the wind at…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 600,000 barrels last week, maintaining a total U.S. commercial crude inventory to…
thinkstockJune 16, 2014: Markets opened lower on Monday but quickly bounced to positive territory. The IMF cut its forecast for U.S. GDP growth this year and investors will be cautious for the…
thinkstockJune 13, 2014: Markets opened higher on Friday and even a weak report on consumer sentiment couldn’t keep equities down for long this morning. All three major indexes were pointed at weekly…
ThinkstockWhether or not you believe that the United States invaded Iraq in 2003 to preserve access to the country’s oil, the fact is Iraq sits on a lot of crude. According to…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.6 million barrels last week, maintaining a total U.S. commercial crude inventory…
ThinkstockThe short interest data from the May 30 settlement date is out, and we are witnessing some big changes in the bets against big oil companies. Even with some drops in the…
