The oil and gas sector in Texas remained strong through March according to the Dallas Fed’s new report. Prices for WTI crude oil rose slightly in March, staying close to $63 per barrel and oil production in the Permian Basin and Eagle Ford rose again. Employment spiked up in February and is at its highest level since late 2015, while
Venezuela’s citizens are left holding a bag, one that is saddled with $60 billion dollars worth of debt. Citizens of Venezuela have been buying into bonds due to government policies of subsidizing the purchase of foreign debt by individual investors, Reuters reported in December 2017. Big businesses in the country have also poured money into the bonds, hoping to capitalize
The Federal Reserve Bank of Dallas reported that wages in the Permian Basin fell for the second quarter in a row after spiking in first quarter 2017. The rig count and crude oil production rose in January, the Fed said. Wages Average weekly wages fell 0.3% in the Permian Basin, while wages fell by almost 1% statewide between second quarter
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. In a graph, the heavy users were China, India, Brazil and Egypt, with the U.S., UK and Japan being close
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 0.7% in the fourth quarter of the year, as business investment slowed down. Better employment numbers have helped improve the housing
The Bureau of Labor Statistics (BLS) reported strong November jobs growth today ahead of the Federal Reserve’s December meeting. The U.S. economy added 211,000 jobs in the month of November, according to the BLS, adding to the possibility that that the Fed may decide to raise interest rates later this month on the stronger employment data. Overall unemployment remained unchanged
Economic indicators positive, sideways and negative Yellen says she expects FED will raise rates in 2015 if employment grows Bill Gross criticizes the FED’s zero policy U.S. Bank Chief Investment Officer John De Clue, in a presentation to Denver area businesses, called for oil prices to eventually settle back at $60 per barrel. De Clue pointed to the lingering global oversupply and
Low prices will hurt the Russian economy, but they are far from being Russia’s only problem The World Bank last month released its growth projections for Russia in 2015 and 2016, offering a glimpse into a potentially bleak future for the country. The report included three separate projections for the Russian economy for the next two years based off the
EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 190 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 June 30, 2013, is $0.31 per share compared to actual earnings per share of $0.33
Laredo Petroleum (ticker: LPI) CEO Randy Foutch appeared on Fox Business News’ Markets Now to discuss the current natural gas environment, and how the U.S. can create demand sources for natural gas supply. Watch the latest video at <a href=”http://video.foxbusiness.com”>video.foxbusiness.com</a>
EnerCom, Inc. compiled third quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 185 E&P and OilService companies in our database. Click here for the full chart of estimates. OAG360 notes that additional supporting slides for the following data can be found on the Analytics Page. The median OilService company earnings estimate for the
