oil and gas

Can Exxon Mobil and Chevron Earnings Escape the Oil Trap?

Posted: October 20, 2018 at 7:15 am

At the end of the third quarter, West Texas Intermediate crude oil traded at around $73 a barrel, a year-to-date increase of about 25%. The two U.S. supermajor integrated oil ...
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US Oil Rig Count Increases by 4, Prices Give Back Some of Their Daily Gain

Posted: October 19, 2018 at 1:55 pm

In the week ending October 19, 2018, the number of land rigs drilling for oil in the United States totaled 873, an increase of four compared to the previous week ...
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Schlumberger’s Q3 Earnings Cleared a Low Bar

Posted: October 19, 2018 at 8:15 am

Schlumberger Ltd. (NYSE: SLB) reported third-quarter 2018 results before markets opened on Friday. The oil field services firm reported adjusted diluted earnings per share (EPS) of $0.46 on revenues of ...
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Record US Oil Exports Could Go Higher: 3 Dividend Energy Stocks to Buy Now

Posted: October 19, 2018 at 7:10 am

This year, exports from the United States of oil hit an incredible 2.2 million barrels per day. That is a remarkable number when you consider that a 40-year ban in ...
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Natural Gas Price Holds Loss Level Steady After Storage Report

Posted: October 18, 2018 at 11:05 am

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stockpiles increased by 81 billion cubic feet for the week ending October 12. Analysts were expecting a ...
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Crude Oil Price Tumbles Below $70 on Surge in Inventories

Posted: October 17, 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 increased by 6.5 million barrels last week, maintaining a total ...
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US Oil Rig Count Jumps by 8, Largest Increase Since Early August

Posted: October 12, 2018 at 1:35 pm

In the week ending October 12, 2018, the number of land rigs drilling for oil in the United States totaled 869, an increase of eight compared to the previous week ...
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Oil Supply and Demand Reach Record 100 Million Barrels a Day

Posted: October 12, 2018 at 5:30 am

The world's supply and demand of crude have reached record levels, accord to the International Energy Agency (IEA). The figures have hit 100 million barrels a day. A new IEA ...
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6 Most Important Things in Business Today

Posted: October 12, 2018 at 5:01 am

Facebook Inc. (NASDAQ: FB) shut off a number of accounts. According to The Wall Street Journal: Facebook Inc. has taken down hundreds of U.S. pages and accounts that were spreading ...
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Crude Oil Price Rebounds Slightly on Another Big Increase in Stockpiles

Posted: October 11, 2018 at 11:40 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 6 million barrels last week, maintaining a total ...
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Natural Gas Price Steady Following Expected Storage Increase

Posted: October 11, 2018 at 10:55 am

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stockpiles increased by 90 billion cubic feet for the week ending October 5. Analysts were expecting a ...
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Saudi Arabia, Russia Boost Oil Supply by 250,000 Barrels in September

Posted: October 11, 2018 at 9:45 am

In its Monthly Oil Market Report for October, released Thursday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's average price for its reference basket soared ...
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US Gasoline 2019 Price Forecast Rises Again

Posted: October 10, 2018 at 1:10 pm

The U.S. Energy Information Administration (EIA) on Wednesday released its Short-Term Energy Outlook (STEO) for October. EIA is forecasting that the average price for a barrel of Brent crude oil ...
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Mexico Adds 180 Million Barrels to Reserves With New Discovery

Posted: October 10, 2018 at 11:15 am

Mexico's state-owned oil company, Pemex, announced Wednesday that it has discovered seven new reservoirs at two wells in shallow water in the southeast basin of the Gulf of Mexico offshore ...
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Short Sellers Up the Ante in Major Oil Stocks

Posted: October 10, 2018 at 10:20 am

Crude oil was trading right around $74 a barrel early on Wednesday. Over the past month, crude has been up and down, reaching as high as about $77 and as ...
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