Lower

Above-Average Storage Build Expected; September Called A Penny Lower

September natural gas is set to open a penny lower Thursday morning at $2.85 as traders still find themselves dealing with expected government storage data showing storage builds to be above the long-term averages. Overnight oil markets rose.

July 30, 2015
ConocoPhillips Pulls Plug on GOM Deepwater Spending

ConocoPhillips Pulls Plug on GOM Deepwater Spending

ConocoPhillips’ deepwater exploration spending is being scuttled this year, with the most significant cuts to impact the Gulf of Mexico (GOM) program, the Houston super independent said Thursday.

July 17, 2015

NatGas Holding on to Trading Range; August Called A Penny Lower

August natural gas is set to open a penny lower Tuesday morning at $2.75 as traders note little in the way of new weather information and see a technically firm outlook, at least for now. Overnight oil markets rose.

July 7, 2015

NatGas Holding on to Trading Range; August Called A Penny Lower

August natural gas is set to open a penny lower Tuesday morning at $2.75 as traders note little in the way of new weather information and see a technically firm outlook, at least for now. Overnight oil markets rose.

July 7, 2015

Chevron’s Aggressive Pursuit of Cost Reductions Captures $900M in 1Q Savings

Like its Big Oil brothers, Chevron Corp.'s first quarter profits were slammed by the slide in oil prices, but quick action by management to improve efficiencies and cut costs led to a savings of $900 million across the company, the CFO said Friday.

May 1, 2015

Chevron’s Aggressive Pursuit of Cost Reductions Captures $900M in 1Q Savings

Like its Big Oil brothers, Chevron Corp.’s first quarter profits were slammed by the slide in oil prices, but quick action by management to improve efficiencies and cut costs led to a savings of $900 million across the company, the CFO said Friday.

May 1, 2015

ExxonMobil, Shell Beat Consensus, But Price Plunge Sharply Reduces Profits

ExxonMobil Corp. and Royal Dutch Shell plc reported sharply lower earnings in the first quarter, with the decline in oil prices removing billions from both of the oil majors' bottom lines. However, their integrated business models helped them blow past Wall Street consensus.

April 30, 2015

ExxonMobil, Shell Beat Consensus, But Price Plunge Sharply Reduces Profits

ExxonMobil Corp. and Royal Dutch Shell plc reported sharply lower earnings in the first quarter, with the decline in oil prices removing billions from both of the oil majors’ bottom lines. However, their integrated business models helped them blow past Wall Street consensus.

April 30, 2015

Traders Mull Bearish Case, Yet May Called A Penny Higher

May natural gas is set to open a penny higher Monday morning at $2.52 despite both fundamentals followers and market technicians seeing prices working lower. Overnight oil markets rose.

April 13, 2015
Rigs Drop Faster in ‘Lower For Longer’ Environment

Rigs Drop Faster in ‘Lower For Longer’ Environment

“Lower for longer” is a phrase applied quite a bit of late to oil prices, but it applies to drilling rigs, too. In a Thursday note on oilfield services companies, analysts at Cowen and Company called an early third quarter bottom of about 900 to the Lower 48 U.S. rig count. But don’t expect there to be a bounce from there as much has changed in the industry.

April 10, 2015