Crude Oil – Page 831 – Oil & Gas 360

OPEC Maintains 30 MMBOPD Output Goal for 2014 Despite Global Surplus and Record U.S. Production

December 23, 2013

Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) announced the group’s target output for 2014 will remain unchanged at 30 MMBOPD. Ministers of Iraq, Saudi Arabia and Kuwait made the announcement following a meeting between the exporters on December 22, 2013. “The market is in fear of a shortage of oil,” said Ali al-Naimi, the oil minister

Trust, Yet Verify: Long-Term Oil Markets Not Expected to be affected by Iran Pact

November 26, 2013

On November 24, 2013, the United States and Iran reached a diplomatic accord in hopes of soothing tensions existing since the Carter administration. As part of the deal, Iran agreed to freeze its entire nuclear program in exchange for the U.S. to ease its trade restrictions. Relations between Iran and other nations have opened up since Dr. Hassan Rouhani took

The Blue Flame is Creating a Blue Ocean for Rail Transport: Liquefied Natural Gas Making its Mark in the Railroad Industry

October 11, 2013

The impact of natural gas is making its mark on the transportation industry. OAG360 covered a recent $68 million investment by the United Parcel Service (ticker: UPS) for its liquefied natural gas (LNG) vehicles in 2013. Now, the railroad industry is embracing the idea. On March 6, 2013, BNSF, one of North America’s leading freight transportation companies, announced it will

Crude Oil Cuttings (Week Ended 7/5/13)

July 10, 2013

Crude Oil Inventory/’000 BBLS Current: 373,918 Actual Build/(Withdrawal): (9,874) Economist Average Estimate: (3,114) Previous: 383,792 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Fracking Firms Face New Crop of Competitors – WSJ So many companies have jumped into the hydraulic-fracturing business that the price of performing the key part of the oil- and gas-drilling

Crude Oil Cuttings (Week Ended 4/26/13)

May 1, 2013

CRUDE OIL INVENTORY/’000 bbls (Week Ended 4/3/13) Current: 395,284 Actual Build/(Withdrawal): 6,696 Economist Average Estimate: 1,018 Previous: 388,588 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Bakken, Three Forks Has More Oil Than 2008 Estimate: USGS – Bloomberg Oil resources in shale formations of North Dakota, Montana and nearby states are 7.4 billion barrels,

Crude Oil Cuttings (Week Ended 4/12/13)

April 17, 2013

CRUDE OIL INVENTORY/’000 bbls Current: 387,641 Actual Build/(Withdrawal): (1,233) Economist Average Estimate: 1,082 Previous: 388,874 Click here for the chart with five year averages. IN CASE YOU MISSED IT *VIDEO: U.S. Need for Oil Is `Shrinking,’ Petrie Says – Bloomberg Thomas Petrie, chairman of Petrie Partners, talks about U.S. energy independence and the outlook oil prices and refineries. Petrie speaks with Tom Keene and

Oil Prices – Louisiana Light and Brent

March 27, 2013

In March 2013, Louisiana Light crude oil spot price traded at an average premium of $2.63 per Bbl to the Brent crude oil spot price. Brent in February 2013 was -2.5% lower than the same month last year. The median analyst estimate at the beginning of March for 2013 NYMEX oil was $90.50 per barrel with a high of $108.00 per barrel

Bam! It's Earnings Season Again – Q4'12 Estimates

January 17, 2013

EnerCom, Inc. compiled fourth quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 191 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilService company earnings estimate for the quarter ending December 31, 2012, is $0.31 per share compared to actual earnings per share of $0.31

Sanchez Energy Corp Shifting Gears to Development Mode

December 11, 2012

Sanchez Energy Corp. (ticker: SN) is an oil and natural gas exploration and production company focused on its 92,000 net acre position targeting the Eagle Ford Shale in South Texas. SN is exploring and developing three areas of the Eagle Ford trend – Palmetto (50% WI), Maverick (80% to 100% WI) and Marquis (100% WI) – located across Gonzales, Zavala,

Energy XXI: Schiller Says U.S. Stands a Chance for Energy Independence

December 3, 2012

Chairman and CEO John Schiller appeared on Bloomberg Television to discuss his company’s 2010 purchase of $1B worth of ExxonMobil properties, as well as the nation’s chance at becoming energy independent.

Oil Prices Falling Below $90

October 3, 2012

CRUDE OIL INVENTORY/’000 bbls (Week Ended 9/28/12) Current: 364,698 Actual Build/(Withdrawal): (482) Economist Average Estimate: 1,486 Previous: 365,180 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Presidential debate could shed light on energy issues – Politico Wednesday’s presidential debate offers one of the final chances to pin down the candidates on the energy issues

Brent and WTI – Which Way are They Headed?

September 26, 2012

Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Brent and WTI – Which Way are They Headed? CRUDE OIL INVENTORY/’000 bbls (Week Ended 9/21/12) Current: 365,180 Actual Injection/(Withdrawal): (2,446) Economist Average Estimate: 882 Previous: 367,626 Click here for the chart with five

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