Oil


 

Denmark's A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares as investors looked beyond one-off second-quarter charges.

business container energy Maersk oil plans shipping Skou Transport Wednesday

 

Energy stocks may be a drag on the bull market this fall [0.02]

Posted on Aug. 15, 2017, 9:31 p.m. by Finance @ [source]

It's been another ugly day for "Big Energy," with 52-week lows again for everything across the board, including big oil like Exxon Mobil; oil service names like Schlumberger and Halliburton; exploration and production names like Hess, Apache, Anadarko and Noble Energy; and drillers like Ensco, Transocean, Rowan and Nabors. Another epic miss on oil prices is causing traders to push down their earnings expectations for big oil, and they're not done yet.

big earnings energy expectations lows oil re stock valuation week

 

The U.S. Energy Information Administration (EIA) on Monday released its August report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is projected to rise by a whopping 117,000 barrels a day in September to 6.149 million barrels per day.

August barrel Basin cubic feet gas oil production report rise September

 

What is Next for Crude Oil [0.06]

Posted on Aug. 15, 2017, 11:28 a.m. by Dragonfly Capital @ [source]

Crude Oil came into the week after consolidating under the big level at 50 for better than two weeks. So is this the end for Crude Oil?

bullish crude downside higher lower momentum Monday oil reversal Scenario

 

Deposits by non-resident Indians in the Gulf , a major source of dollar inflows, are slowing down amid lay-offs following the collapse of crude oil prices and increasing pressure in Arab nations to employ locals.While the drop in oil prices eases India 's current account deficit, it hurts the economy in terms of slower NRI deposit flows. In addition, the appreciation of the rupee has eroded gains of Indians working abroad when they convert their dollars into the local currency.Growth in Non Resident External Rupee Account (NRE accounts) deposits of local banks fell by over a quarter in the April-June period, according to Reserve Bank of India data, as the number Indians heading to the Gulf for jobs shrank over the past couple of years.

bank deposit dollar Gulf Indian inflow NRI oil quarter resident

 

Kinder Morgan’s (KMI) earnings call was a very positive one.

In Kinder Morgan’s case it implies a few things: 1) Management is highly confident it can maintain strong cash flows as it has a slightly conflicting target of reducing its debt to EBITDA ratio and need for expansion capex.

business EBITDA flow Kinder Morgan KMI market oil pipeline shares stock

 

But Hall has admitted that the value of his analysis has diminished in an age of automated trading.

The rise of machine-based algorithmic trading is injecting so much volatility into oil markets, it's now difficult to produce returns by doing the type of fundamental analysis for which Hall is known, he told investors in a letter obtained by Bloomberg News.

admitted analysis Bloomberg diminished fundamental Hall letter oil reported trading

 

Stocks Gain As Global Tension Eases [-0.04]

Posted on Aug. 14, 2017, 5:45 p.m. by INO.com Traders Blog @ [source]

Hello traders everywhere. Stock markets around the globe are posting gains today as the tensions between the U.S. and North Korea have eased a bit.

gain index Korea market North oil OPEC posting production traders

 

Oasis Petroleum was one of the first companies to become cash flow positive.

Oasis Petroleum has had a difficult time since the start of the crash with its market cap dropping from more than $10 billion to less than $2 billion.

asset barrel continue crash flow growth OAS Oasis Petroleum oil production

 

Why US Gas Prices Are on the Decline [-0.11]

Posted on Aug. 14, 2017, 4:50 p.m. by 24/7 Wall St. @ [source]

U.S. gasoline prices reached a two-month peak of $2.361 last week and have been drifting lower to average $2.35 a gallon for regular fuel Monday morning.

barrel cents crude gallon gasoline Monday oil peak reached states

 

Oilseed, edible oil prices surge on import duty hike [0.02]

Posted on Aug. 14, 2017, 2:57 p.m. by Markets @ [source]

Prices of oilseeds and edible oils jumped by up to 3.5 per cent in spot and futures on Monday, due to apprehension of lower supply after an increase in the Customs duty, to curb cheaper import.

The strengthening rupee and low international prices, combined with a duty differential favouring import of refined edible oils, had led to immense pressure on the domestic industry, with many crushing and refining facilities on the verge of closure.

cent crude crushing duty edible oil import oil refined refining seed

 

IOC buys first shale oil, steps up imports from US [-0.17]

Posted on Aug. 13, 2017, 8:16 a.m. by Markets @ [source]

IOC bought 1.9 million barrels of US crude in its second import tender seeking oil from the Americas, company Director (Finance) A K Sharma told PTI here.

India, the world's third-largest oil importer, joins Asian countries like South Korea, Japan and China to buy US crude after production cuts by OPEC drove up prices of Middle East heavy-sour crude, or grades with a high sulphur content.IOC had last month sealed a deal to import 1.6 million barrels of Mars crude from the US and 400,000 barrels of Western Canadian Select oil for delivery at its Paradip refinery in Odisha -- the first ever such purchase of US crude by an Indian state-run refiner.

barrels bought crude delivery foreign Indian IOC oil refiner shipping

 

Gold to remain bullish on safe haven buying [0.11]

Posted on Aug. 12, 2017, 5:03 p.m. by Markets @ [source]

Bullion normally sparks at times of geopolitical tension and is considered a safe bet against inflation. With the festive season coming in, physical demand is expected to rebound in the near term,” said Ketan Shroff, Director, India Bullion and Jewellers Association.While announcing the demand trend early this month, the World Council estimated India’s demand to remain range-bound, with an upward bias.

cent demand dollar India investors lower market oil physical Rs

 

According to OPEC, global OECD oil inventories fell 22 million barrels in June to end at 3.033 billion. Production in Saudi Arabia rose by 32,000 b/d to 10.067 mmbd, which is above its production ceiling, according to secondary sources.

barrel build demand implies inventories July oil OPEC production rose

 

Edible oil to become costlier by 4-5% on import duty hike [0.02]

Posted on Aug. 12, 2017, 11:40 a.m. by Markets @ [source]

The on Friday announced increase in on both crude and refined edible oil, a demand that the domestic seed crushing and refining industry had been making over the past several months.

But, a marginal increase is unlikely to make a difference for consumers.

cent crude crushing domestic duty edible import oil refined seed

 

In the week ended August 11, 2017, the number of rigs drilling for oil in the United States totaled 768, up by three compared with the prior week and up by 372 compared with a total of 396 a year ago. Including 181 other rigs drilling for natural gas, there are a total of 949 working rigs in the country, down by five from a week ago and up by 468 year over year.

barrel count crude drilling effort natural gas oil released rig Texas

 

Crude Oil Production Soared Again in July: IEA [-0.04]

Posted on Aug. 11, 2017, 2:59 p.m. by 24/7 Wall St. @ [source]

In its monthly Oil Market Report for August released Friday morning, the International Energy Agency (IEA) said that global crude supplies rose by 520,000 barrels per day in July, the third consecutive month that output has risen.

Organization of Petroleum Exporting Countries (OPEC) crude oil production rose by 230,000 barrels a day to 32.84 million barrels in July, led by a strong recovery in Libyan production.

barrel countries crude cut July OECD oil OPEC production quarter

 

Preferred Sands Files for IPO [0.04]

Posted on Aug. 11, 2017, 1:55 p.m. by 24/7 Wall St. @ [source]

Preferred Sands has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO).

Preferred Sands is focused on the development and operation of sand facilities located close to or within basins where customers operate and consume its products.

Exchange facilities gas intends offering oil Preferred Products proppant sand

 

OPEC is struggling to keep its promises.

OPEC and other major producers including Russia agreed to reduce output in November, part of an attempt to eliminate a global oil glut and boost prices.

agreed Agreement energy Friday IEA major oil OPEC producers struggling

 

I remarked early this year that Chesapeake (NYSE:CHK) is an outlier compared with its peers when it comes to its drilling strategy for this year, in that it does not intend to chase production growth. For the year so far, it achieved net operating profit of $547 million, meaning that the second quarter was better compared with the first despite the lower oil prices.

Chesapeake debt longer oil operating quarter results Revenue Shale strategy