West Texas crude enters a bear market again
Energy analysts surveyed by Bloomberg had expected that U.S. inventories of crude oil would fall by 2.2 million barrels in the week ended July 17. Instead, according to figures released yesterday by the U.S. Energy Information Administration, crude inventories increased by 2.47 million barrels
Sell dividend income pick Holly Energy Partners as drop down cupboard looks bare
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...A peak in U.S. oil production is getting closer
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...U.S. oil rig count drops for 18th consecutive week
Today, April 10, Baker Hughes (BHI) reported that the oil rig count dropped this week by 42 to a total of 760 rigs at work. That’s the lowest total since December 2010 and marks an 18th consecutive weekly drop. The oil rig total is down 53% since its peak in October 2014
Greenbrier Companies blows out earnings estimates
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Earnings report tomorrow will test Greenbrier’s recent rally
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...From today’s move to $50 a barrel, oil trend depends on Iran talks
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...What today’s oil and energy recovery tells us about what the market is thinking about the timing of an oil bottom
Bad news from the weekly report on U.S. crude oil inventories today from the Energy Information Administration. But surprisingly oil and energy stocks rallied in the middle of the day with West Texas Intermediate bouncing back to $51.66 a barrel, down 2.4%, and energy stocks cutting their loss to 0.7% after being lower by 2% this morning.
No sign yet that anybody is pumping less oil due to lower prices
So far, oil producers in U.S. shale geologies are following the script: In the face of falling oil prices, they’re cutting back on drilling but increasing production. According to Baker Hughes (BHI), the U.S land-based rig count fell by 31 rigs to 1,578 in the week ended on October 10. But companies from Devon Energy to Continental Resources are forecasting 25% or higher increases in production for 2015