Newpark Resources, Inc. provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers.
Read MoreHelix Energy Solutions Group, Inc., an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. HLX $8.2300 0.5300 % 6.8800 Helix Energy Solutions Group Sector : Oils-Energy Industry : Oil – Field Services Signal Short Term […]
Read MoreMarket conditions are Bullish in a Bear Market as of 2023-01-31. This means traders and investors should consider trading with a Neutral or Bullish bias by buying stocks and setting tight stops. The rank of the Bear Market is -10.00 which indicates the current market conditions are Extreme, Risk of a reversal is high. The […]
Read More(Bloomberg) — One oil exchange traded fund pulled in a giant amount of cash last week as some investors piled into the market during its worst rout in months. WisdomTree’s Brent Crude Oil ETP — ticker BRNT — attracted a weekly record of about $500 million, almost tripling the fund’s assets to more than $700 […]
Read More(Bloomberg) — Big Oil’s record profits are a huge hit on Wall Street but increasingly provocative in the corridors of power from Washington to London as politicians lash out against executives for funneling windfall profits to investors. The controversy this week was not so much about the gargantuan dollar amounts earned but what the world’s […]
Read More(Bloomberg) — Oil jumped after the US exported a record amount of crude and fuel last week, indicating higher demand for American oil. West Texas Intermediate futures rose as much as 3.3% to climb above $88 a barrel after US crude exports hit a weekly high. The fuel outlook remained tight as gasoline stockpiles fell […]
Read MoreValero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. VLO $114.1200 -6.7400 % -5.5800 Valero Energy Corp Sector : Oils-Energy Industry : Oil – Refining and Marketing Signal Short Term […]
Read More(Bloomberg) — Oil held a two-day surge after an OPEC+ panel recommended the biggest supply cut since 2020 to revive prices. West Texas Intermediate futures traded near $87 a barrel after jumping almost 9% over the previous two sessions. Oil briefly neared $88 after members of the producer group advised cutting as much as 2 […]
Read More(Bloomberg) — Oil edged higher after a punishing week as traders weighed up the outlook for global demand amid mounting recessionary concerns. West Texas Intermediate rose above $79 a barrel after collapsing more than 7% last week to end at the lowest close since mid-January. The decline was the US benchmark’s fourth consecutive weekly drop, […]
Read More(Bloomberg) — Oil headed for a back-to-back weekly loss, burdened by demand concerns, rising stockpiles, and the possibility the Biden administration may make a fresh release from emergency reserves. West Texas Intermediate edged toward $84 a barrel, but is still down almost 4% this week after hitting the lowest since January. There’s concern consumption will […]
Read More(Bloomberg) — From Saudi Arabia to West Texas, drillers are pumping more oil to cash in on a scorching price rally. But a region that’s home to a fifth of the world’s crude reserves is mostly missing out. All over Latin America, the upside of $100 crude has been blunted by nationalist policies that tightened […]
Read MoreEnerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company’s oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. ERF $15.5500 0.5300 % 3.5300 Enerplus Corp Sector : Oils-Energy […]
Read More(Bloomberg) — Oil headed for a third monthly drop, the longest losing run in more than two years, on concern that tighter monetary policy will hit growth and China presses on with its Covid Zero strategy. West Texas Intermediate fell as much as $4.09 a barrel from high to low on Tuesday, putting it on […]
Read More(Bloomberg) — Some oil and gas companies are flush with so much cash that they are paying out a full year’s worth of dividends in a single day — and sometimes more than that. While reporting second quarter results Thursday, ConocoPhillips informed investors that it will pay them $1.40 per share in a special dividend […]
Read More(Bloomberg) — Oil dropped below $100 a barrel, with Goldman Sachs Group Inc. saying that a plunge driven by fears a recession will hurt demand was overdone. West Texas Intermediate fell as much as 1.9% to trade around $98 a barrel. Brent crude fell over more than $10 on Tuesday, its third-largest ever in dollar […]
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