Post Tagged with: "GDP"
JPMorgan becomes first major bank to say first-quarter GDP will decline because of Covid surge
JPMorgan economists now see an economic contraction in the first quarter due to the spreading coronavirus and related restrictions being imposed by states and cities.
The new forecast is a departure from Wall Street’s widely held view that the …
The GDP report next week will likely show record-breaking economic growth, but it may not help Trump
The economy regained nearly 4 million jobs during the quarter, and that was after 7.5 million in May and June. Housing sales and builder confidence has been remarkable, and shoppers easily outpaced expectations in September with retail sales rising
Oil Gains on U.S. Economic Data, Gulf Crude Tanker Dispute
From Reuters
Oil prices inched up on Friday, ending the week higher after stronger-than-expected U.S. economic data brightened the crude demand outlook and concerns over the safety of oil transport around the Strait of Hormuz threatened supply.
Brent crude futures …
US Economy Slowed to 2.1% Growth Rate in Second Quarter
From AP News
The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending.
The gross domestic product, the economy’s total output of goods and services, grew at a 2.1% annual rate last quarter, down …
Canadian Dollar Hits 18-Month Low
From The Globe and Mail
The Canadian dollar was little changed against the greenback Thursday but hit a 1-1/2-year low earlier in the session and underperformed other G10 currencies, as investors worried that the slumping price of oil could hurt …
Goodrich Petroleum: Focused on Haynesville through 2019
All CapEx in 2018 and 2019 focused on Haynesville
Goodrich Petroleum Corporation (ticker: GDP) had a net loss of $5.3 million in the first quarter of 2018, or $(0.47) per share. Capital expenditures totaled $21 million in the quarter, of …
Total and Aramco will Build a $9 Billion Petrochem Complex Next Door to SATORP Refinery
Saudi Aramco and Total (ticker: TOT) have signed a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia.
Located next to the SATORP refinery in the same industrial area, the complex will comprise a mixed-feed steam …
Goodrich Petroleum Plans to Invest Funds in Additional Haynesville Drilling, Zipper Fracs
Goodrich Petroleum Corporation (ticker: GDP) has updated and accelerated its preliminary capital expenditure budget for 2018, following the recent $23 million asset sale. For 2018, the company’s board of directors approved a $20 million increase to $85-$95 million to …
What’s Next for the Economies of China and India?
Since 1990, China and India have accounted for 57% of the total increase in world energy consumption
Earlier this week the EIA put out data that revealed that the world’s developing countries used higher amounts of electricity than OECD countries. …
EnerCom’s Presenting Companies Gastar, Goodrich, and Gran Tierra Report for Q2
Three companies that will be presenting at EnerCom’s 22nd The Oil & Gas Conference® have reported financial and operational updates for the second quarter of 2017.
Gastar Exploration
Gastar Exploration (ticker: GST) indicated today that it averaged 6,100 BOEPD …
China Reports 6.7% Growth for the Third Straight Quarter
China’s GDP growth ‘suggests quite significant smoothing of the data’: analysts
China’s gross domestic product continued to grow at a steady rate of 6.7% for the third straight quarter. Government infrastructure projects and a booming property market spurred prices and …
For the Year, U.S. Economic Growth Exceeds Five Year Average
In spite of reaching only 0.7% in fourth quarter of 2015
The U.S. Bureau of Economic Analysis released the growth numbers for the U.S. economy for fourth quarter, and full-year, 2015. According to the BEA, economic growth was just …
