|Day's range||68.27 - 69.65|
BP and Eni could soon resume production at a shared oil field, lifting the country’s oil production by several hundred thousand barrels per day
On October 18, US crude oil’s implied volatility was 25.8%—almost on par with its 15-day average. The inverse relationship between oil prices and oil’s implied volatility is illustrated in the following graph. Since reaching a 12-year low in February 2016, US crude oil active futures have risen 161.9%. Crude oil’s implied volatility has fallen ~65.7% since February 11, 2016.
The Zacks Analyst Blog Highlights: Energy Transfer, Phillips 66, Whiting Petroleum and Continental Resources
Despite recovering somewhat on Friday, bearish news continues to dominate headlines, but there is enough evidence that the bulls are preparing a comeback
Light crude typically sells at a premium to heavier blends, but thanks to an emerging glut and Permian bottlenecks, the region’s lightest blend is selling at a huge discount
As we rapidly approach the start of the sanctions against Iran on November 4, investors will continue to monitor exports from Iran and the number of nations likely to side with the U.S. in limiting the amount of oil exported from the rogue nation. The Saudi’s will continue to try to deflect the negative news over Khashoggi by talking up its role in preventing a worldwide oil shortage following the start of the sanctions against Iran on November 4.
BP Chief Executive Bob Dudley said that current oil prices are too high and that they are causing demand destruction in many emerging economies such as India, South Africa and Turkey
An internal OPEC document suggests that the cartel and its allies are struggling to ramp up production and make good on its additional 1 million bpd promise
Matra Petroleum AB (publ)’s (STO:MATRA): Matra Petroleum AB (publ), an independent oil and gas company, engages in the exploration and production of oil and gas in the United States. With Read More...
The US dollar has gone back and forth against the Japanese yen over the last several for our candles, as we consolidate the gains that we had recently enjoyed. It looks as if the market is ready to look for a reason to go higher though.
In contrast to some other major players, oil trader Trafigura remains bullish on crude, and expects prices to rise next year as it continues to see upside for oil
Saudi Aramco signed a deal to invest almost $25 billion over the course of two years in a 400,000 bpd refinery and associated petrochemical plants in eastern China
UAE’s ADNOC is boosting production in October and November and introduced a new low sulfur light crude oil blend that goes by the name of Umm Lulu
On October 10–17, our list of oil-weighted stocks fell 4% compared to the 4.7% fall in US crude oil November futures. On average, our list of oil-weighted stocks outperformed US crude oil prices.
Will Marathon Petroleum’s Q3 Earnings Beat the Estimates? In this part, we’ll discuss Marathon Petroleum’s (MPC) dividend yield level before its third-quarter results. Marathon Petroleum’s dividend payments have been increasing steadily in the past several quarters.
In this series, we have examined Marathon Petroleum’s (MPC) third-quarter estimates, refining earnings outlook, stock performance, and stock price estimate before its expected third-quarter earnings release on November 1. Now, we’ll review how analysts rate Marathon Petroleum.
We started this series with Marathon Petroleum’s (MPC) third-quarter earnings estimate. We reviewed the company’s refining earnings indicators trend in the third quarter. In the previous part, we discussed Marathon Petroleum’s stock performance in the past month.
The Khashoggi case could have some negative implications for OPEC as the U.S. could implement sanctions on Saudi Arabia and sign the ’NOPEC act’ into law
The offshore sector was one of the hardest hit in the 2014/2015 oil bust, but as prices rise and drilling activity increases, the sector is about to make a full recovery
U.S. oil prices skidded below $70 and the premium between Brent and WTI widened as U.S. stockpiles increased more than expected.
If you want to know who really controls BNK Petroleum Inc (TSE:BKX), then you’ll have to look at the makeup of its share registry. Large companies usually have institutions as Read More...
Oil majors in Europe and the U.S. appear to hold very different views when it comes to the future of oil and the speed of the next energy revolution
Secretary of the Interior Ryan Zinke said that U.S. oil production could hit as much as 14 million bpd by 2020 as shale production continues to soar