The U.S. and Canadian rig counts continued their slide in the latest Baker Hughes Inc. census amid the mantra of “lower for longer” oil prices now widely spouted by industry executives and analysts.
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Articles from 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’ 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
NGI The Weekly Gas Market Report
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
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