Houston Steel Distributor

Hedge Fund Short Covering Probably Accounts for Recent Rally Crude has rallied a bit over the last two weeks. Hedge funds and other money managers accumulated the equivalent of 374 million...

In By The Numbers for the August 05, 2016, we wrote about an interesting occurrence: a natural gas inventory draw during the middle of summer. As we noted in the August...

Since OPEC’s historic decision in November of 2014 to leave crude output targets unchanged for member countries, thereby causing the price of oil to slide, many commentators have discussed the future...

This Week we are trying something different. As some of you may know, I review lots of articles to come up with those which I believe will be the most interesting...

While I normally focus on where the price of oil is going, what I am more interested in this week is the fundamental question so important to all of us to...

Last week, Major Oil Companies reported earnings. Below is a list of the major oil and gas companies, and what they reported: Eni (NYSE: E):Q2 EPS of -€0.27ExxonMobil (NYSE: XOM):Q2 EPS...

            For a long time, many people have discussed and debated the issue of oilfield part standardization as a method of overall cost reduction for drilling. So much, in fact, that...

            This week we had three good reports on the long-term outlook for oil prices. EIA Issues New Market Outlook On Tuesday, the EIA issued its Monthly report. Important notes include...

            As of January 2016, an estimated $380 billion of projects in our industry have been cancelled since 2014, according to analysts at Wood MacKenize. An estimated 68 projects were scraped...

On Oil Prices            This week marks yet another wild ride as prices fluctuated dramatically. Concerns on the demand side, and the possibility of a U.S. recession and a global slow down,...