|Day's Range||68.53 - 70.41|
Accenture (ACN) has extended its alliance with SAP to build a SAP S/4HANA Cloud solution, which could be extremely useful to oil and gas companies. Oil and gas companies can gain access to the new SAP S/4HANA Cloud solution through public and private cloud platforms. The new solution could help oil and gas companies reduce operational expenses through proper implementation of cloud technology.
If you’re interested in African Petroleum Corporation Limited (OB:APCL), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stockRead More...
This week, specific events could affect oil and natural gas prices. The EIA’s (U.S. Energy Information Administration) Drilling Productivity Report, set to be released early this week, could be an important roadmap for oil and natural gas prices. Oil prices may also be sensitive to the OPEC and non-OPEC meeting scheduled for this weekend. The EIA’s latest oil and natural gas inventory data, scheduled to be released on September 19 and 20, respectively, could be an important short-term driver for oil and natural gas prices.
Investing.com - WTI crude oil prices settled modestly lower Monday, as gains on expectations for steep losses of Iranian crude were offset by fears that rising U.S.-China tensions could dent global crude demand.
Brent crude futures dipped 4 cents to settle at $78.05 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 8 cents to settle at $68.91 a barrel. Top White House economic adviser Larry Kudlow said on Monday that he expected the United States would soon announce tariffs on an additional $200 billion worth of Chinese goods. Administration officials said on Saturday that President Donald Trump was likely to announce the new tariffs as early as Monday.
Russia and Saudi Arabia have confirmed their intentions of forming a long-term oil partnership with each other, granting the two oil giants more control over oil prices
Marathon Petroleum’s refining margin and earnings are impacted by the blended LLS 6-3-2-1 crack, the LLS-WTI spread, and the sweet-sour differential. According to Marathon Petroleum, a dollar per barrel rise in the blended LLS 6-3-2-1 crack expands its annual net income by $590 million. Besides, a dollar per barrel shift in the sweet-sour and LLS-WTI spreads alter its yearly income by $300 million and $90 million, respectively.
In this series, we’ll compare the four largest independent E&P (exploration and production) players by market capitalization: ConocoPhillips (COP), EOG Resources (EOG), Occidental Petroleum (OXY), and Anadarko Petroleum (APC). In the first five articles, we’ll analyze their recent operating performance, capex plans, and valuation. Later, we’ll look at their recent market performance, technical indicators, institutional activity, and analyst recommendations. Let’s start with a brief overview of the four peers.
Investing.com - Oil prices slipped on Monday morning in Asia as reports over the weekend suggested that the U.S. planned to slap new tariffs on $200 billion worth of Chinese exports, a move that offset fears of supply constraints caused by Washington’s sanctions against Iran.
While the actual impact and damage of Florence have yet to be felt, any significant delay to metallurgical coal exports will put upward pressure on price in a market that is already supported with very high prices
We may still be months away from 2019, but three Motley Fool energy analysts already see three big trends that will play out next year.
A new report shows that Japanese firms have invested over $90 billion in coal and nuclear development despite growing global criticism of the environmental impact these energy sources have
Iran's OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market "hostage" as U.S. President Donald Trump seeks to impose fresh sanctions on Iranian oil sales. Washington wants to cut Iran's oil exports to zero by November, and is encouraging producers such as Saudi Arabia, other OPEC members and Russia to pump more to meet the shortfall.
The S&P 500 rallied during the week, wiping out the losses from the previous week. Overall, this is a market that looks as if it is trying to build up its momentum and go higher.
Crude oil markets rally during the week, but continue to struggle at the recent resistance, showing that the market simply does not have the necessary momentum yet. Eventually though, we could break out but it doesn’t look like longer-term traders have much to do in the short term.
The British pound rallied during the week, reaching towards the 1.3125 level, beginning of a flush lower on the daily charts. If we can break above that level on a daily close, this market could turnaround completely and go much higher.
The Euro rallied initially during the week and reached towards the top of the shooting star from two weeks ago. The shooting star of course is a negative sign, so if we can break above that I think the market could go higher. However, we have pulled back on Friday and showing signs of more consolidation ahead.
Iran’s OPEC governor has claimed that U.S. sanctions will not be able to bring Iranian oil exports down to zero due to the lack of spare capacity elsewhere to balance markets and stop oil prices from soaring
Investing.com - WTI crude oil prices settled higher Friday, as signs of expanding U.S. output were offset by ongoing bets on steep losses of Iranian crude as U.S. sanctions loom.
Oil prices are up this week as fears of outages from around the world grow, with the EIA claiming that oil markets are entering a ‘crucial period’
Chinese refineries saw their throughput drop to a 9-month low, impacted by a tax regime overhaul that squeezed the profit margins of the teapot refiners
Oil prices appear to have been unaffected by the increase in oil rigs this week, with both WTI and Brent moving higher on fears of global supply outages and geopolitical risks