We got some bearish news on oil this week. First, some refiners stated that they are switching to from summer to winter blend gasoline. Without naming which refiners were switching, Reuters...
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Last week, we discussed that 70% of future development is commercially viable when Brent Crude hits $60.00 per barrel. http://www.fsmetals.com/about-us/newsletters/so-what-does-the-price-of-oil-have-to-be-to-turn-this-around This week we got a bit of more good news. Because...
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Baker Hughes On July 28, 2016, Baker Hughes announced earnings for Q2 2016. Baker Hughes reported a loss per share of $0.90 which is substantially more than its Q2 2015 loss...
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Each week, we strive to provide you a bare bones summary of what happened to the price of WTI, Natural Gas, and Brent Crude. In addition, we summarize the major reports...
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What was interesting this week was the market’s overall non-reaction to some news but overreaction (in my opinion) to other news. WTI opened at $46.12 and closed at $45.24 on Monday....
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This week is highly significant as we saw a substantial amount of publicly traded oilfield service companies release Second Quarter earnings. More important than how much money any company made or...
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Despite some indications that, as the CEO of Halliburton said, North America is turning, we do see some continuing indications that companies are moving more production offline. (to see what the...
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One question everyone is asking is “So, how high does the price of oil have to be before we see recovery?” Well, I don’t know. If I knew that, I would...
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Each week, we strive to provide you a bare bones summary of what happened to the price of WTI, Natural Gas, and Brent Crude. In addition, we summarize the major reports...
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Recent Investment May Indicate Oil Company Confidence in REcovery On July 5, 2016, Exxon and Chevron, along with their other partners, announced plans to expand the Tengiz oil field in...
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