crude oil prices

How the Coronavirus May Push Global Oil Production Into Oversupply

Posted: February 3, 2020 at 11:40 am

It has been no secret that the rapid spread of the coronavirus to nations outside of China has been a weight on financial markets, as well as many commodities that ...
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OPEC+ Considers Price-Gouging as Coronavirus Spreads

Posted: February 3, 2020 at 8:00 am

The price of Brent crude has dropped from around $69 a barrel in early January to just over $56 dollars Monday morning. Virtually all of that decline has come since ...
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With Chevron and Exxon Earnings on Deck, Dividend Sustainability Up for Debate

Posted: January 30, 2020 at 12:20 pm

With peak earnings season here, nearly half of the 30 Dow Jones industrials were reporting results in the week of January 31. Technology has ruled the roost of the nation's ...
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Oil Majors Slammed as Crude Enters Fifth Straight Day of Selling

Posted: January 24, 2020 at 11:10 am
Last updated: January 30, 2020 10:45 am

It turns out that those temporary inflation fears that pop up from time to time get a reprieve every time the price of oil tanks. The price of crude oil ...
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Why Schlumberger Earnings Were So Great

Posted: January 17, 2020 at 10:20 am
Last updated: January 30, 2020 11:04 am

Schlumberger Ltd. (NYSE: SLB) released its fourth-quarter financial results before the markets opened on Friday. The company said that it had $0.39 in earnings per share (EPS) and $8.23 billion ...
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Is This the Quarter Schlumberger Turns It Around?

Posted: January 16, 2020 at 10:25 am
Last updated: January 30, 2020 11:08 am

Schlumberger Ltd. (NYSE: SLB) is scheduled to release its fourth-quarter financial results before the markets open on Friday. The consensus estimates are calling for $0.37 in earnings per share (EPS) ...
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Despite Threats to Iraqi Supplies, Global Oil Markets in Good Shape: IEA

Posted: January 16, 2020 at 9:55 am

The U.S. drone attack that killed Iranian Lieutenant General Qasem Soleimani sent shivers through global oil markets earlier this month. Crude prices had been climbing all through December following the ...
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OPEC Forecasts Higher Demand for Crude as Global Economy Improves

Posted: January 15, 2020 at 10:35 am

The Organization of the Petroleum Exporting Countries (OPEC) saw the price of its reference basket of crude oil components rise by 5.6% to 66.48 a barrel in December, following a ...
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Short Sellers Move Back Into Oil Stocks as Crude Prices Slip

Posted: January 13, 2020 at 7:20 am
Last updated: January 30, 2020 11:20 am

Crude oil traded around $59.00 a barrel early Monday, down more than $6 since a weekly high of around $65.50 in the past week but still less than its 12-month ...
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US Targeting of Top Iranian Leader Likely to Have Only a Temporary Effect on Crude Prices

Posted: January 6, 2020 at 11:40 am

Until last Thursday when a U.S. rocket attack killed Qasem Soleimani, the commander of Iran's Revolutionary Guards' Quds Force, the outlook for crude oil prices for 2020 called for some ...
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Permian Basin Crude Oil Production Growth Loses Steam

Posted: December 13, 2019 at 12:10 pm

Last week, the U.S. Energy Information Administration (EIA) reported that U.S. exports of crude oil and petroleum products exceeded U.S. imports for the first time since the agency began keeping ...
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The Exxon Mobil of 2020 to 2030 Will Be Quite a Different Company Than in Its Past

Posted: November 22, 2019 at 11:25 am
Last updated: January 30, 2020 12:51 pm

It's no secret that it has been hard for investors to make big profits in the oil and gas sector in recent years. Oil stocks haven't exactly screamed higher when ...
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Crude Price Gives Up Gains After Large Stockpile Build

Posted: November 6, 2019 at 11:20 am
Last updated: January 6, 2020 1:25 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories jumped by 7.9 million barrels last week, maintaining a total ...
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Crude Price Slips on Rising US Stockpile

Posted: October 30, 2019 at 11:10 am
Last updated: January 6, 2020 1:36 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories jumped by 5.7 million barrels last week, maintaining a total ...
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Short Sellers Moving Back Into Energy 

Posted: October 25, 2019 at 10:25 am
Last updated: January 30, 2020 2:05 pm

Crude oil traded around $56.12 a barrel early Friday, essentially up more than $2.00 in the past week, but far below a high of $62.90 posted on September 16, the ...
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