crude oil prices

Have Schlumberger’s Acquisitions Paid Off?

Posted: January 18, 2019 at 8:45 am

Schlumberger Ltd. (NYSE: SLB) reported its most recent quarterly results on Friday morning. The oilfield services firm said that it had $0.36 in earnings per share (EPS) and $8.18 billion ...
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How Much Big Oil Short Sellers Are Hiking Their Bets

Posted: January 11, 2019 at 10:00 am

Crude oil was trading right around $52 a barrel early on Friday. Over the past month, crude has fluctuated incredibly, following the markets lower for the most part. However, it ...
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Saudi Arabian, US Oil Reserves Rising

Posted: January 10, 2019 at 11:10 am

In a statement posted Wednesday by Saudi Arabia's official news agency, Saudi Aramco officials announced that the kingdom's proved oil and gas reserves rose to 266.3 billion barrels and 302.3 ...
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Crude Oil Price Gives Back Some Gains After Inventory Report

Posted: January 4, 2019 at 11:40 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Friday morning, showing that U.S. commercial crude inventories remained essentially unchanged last week, maintaining a total U.S. commercial ...
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Short Sellers Grow More Selective in Major Oil Stocks

Posted: December 27, 2018 at 10:35 am

Crude oil was trading right around $45 a barrel early on Thursday. Over the past month, crude has been down sharply, following the markets lower for the year. However, it ...
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US Oil Rig Count Jumps by 10 This Week, Crude Price Holds Gains

Posted: December 21, 2018 at 1:25 pm

In the week ending December 21, 2018, the number of land rigs drilling for oil in the United States totaled 883, an increase of 10 compared to the previous week ...
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Crude Oil Price Holds On to Gain Following Inventory Report

Posted: December 19, 2018 at 10:55 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 500,000 barrels last week, maintaining a total U.S. ...
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US Shale Oil Production to Rise by 134,000 Barrels a Day in January

Posted: December 17, 2018 at 2:33 pm

Between January of 2018 and January of 2019, U.S. crude oil production from seven major shale regions is forecast to rise by 1.72 million barrels of oil per day to ...
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US Oil Rig Count Falls by 4, on Top of 10 Last Week, but Crude Price Remains Low

Posted: December 14, 2018 at 1:40 pm

In the week ending December 14, 2018, the number of land rigs drilling for oil in the United States totaled 873, a drop of four compared to the previous week ...
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IEA Wobbles on Impact of OPEC Cuts, Citing Growing US Production

Posted: December 13, 2018 at 8:20 am

In its monthly Oil Market Report for December released Thursday morning, the International Energy Agency (IEA) said that global crude supplies dropped by 360,000 barrels a day to total 101.1 ...
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6 Most Important Things in Business Today

Posted: December 13, 2018 at 5:22 am

Apple Inc. (NASDAQ: AAPL) will construct a huge facility in Texas. According to Reuters: Apple Inc is investing $1 billion to build a new campus in North Austin, Texas and ...
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Crude Oil Price Pared Gain Following Modest Inventory Drop

Posted: December 12, 2018 at 11:05 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 1.2 million barrels last week, maintaining a total ...
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Short Sellers Hike Bets in Major Oil Stocks

Posted: December 12, 2018 at 10:15 am

Crude oil was trading right around $52 a barrel early on Wednesday. Over the past month, crude has been down sharply, following the markets lower for the year. However, it ...
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US Energy Agency Sees Big Drop in Crude Price Coming in 2019

Posted: December 11, 2018 at 1:50 pm

The U.S. Energy Information Administration (EIA) on Tuesday released its Short-Term Energy Outlook (STEO) for December. EIA is now forecasting that the average price for a barrel of Brent crude ...
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US Oil Rig Count Tumbles by 10, Boosting Prices Already Spurred by OPEC Cuts

Posted: December 7, 2018 at 1:45 pm

In the week ending December 7, 2018, the number of land rigs drilling for oil in the United States totaled 877, a drop of 10 compared to the previous week ...
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