2 Oct

Analyzing Key Energy Events This Week

WRITTEN BY Rabindra Samanta

Key energy events

The following table shows the key energy events on October 2–6, 2017. This week, if the EIA (U.S. Energy Information Administration) reports another fall in the US commercial crude oil inventory, it could push oil (BNO) (DBO) (UCO) prices higher. The API (American Petroleum Institute) data will also be an important indicator of the trend in US crude oil stockpiles.

 Analyzing Key Energy Events This Week

Natural gas (UNG) (BOIL) (FCG) prices will also react to the EIA’s natural gas inventory report on October 5, 2017. Apart from the EIA’s inventory data, the oil rig count is important for oil prices. From natural gas’s perspective, the oil rig count and the natural gas rig count could be crucial.

For important updates on energy sector stocks and energy commodity prices, visit Market Realist’s Energy and Power page.

Latest articles

German chip maker Infineon Technologies has reportedly raised 1.55 billion euros (~$1.74 billion) in capital by selling its shares to fund its acquisition of Cypress Semiconductor (CY). Infineon has sold ~113 million new shares at 13.70 euros each.

As of June 18, Dunkin’ Brands (DNKN) was trading at $80.07, an 8.9% rise since reporting its first-quarter earnings on May 2. Also, DNKN was trading at a premium of 29.8% from its 52-week low of $61.69 and a discount of 1.6% from its 52-week high of $81.40.

19 Jun

Are Lower Oil Prices Weighing on ExxonMobil Stock?

WRITTEN BY Maitali Ramkumar

ExxonMobil (XOM) stock has fallen 7.1% in the second quarter so far. Let's review ExxonMobil's stock performance in comparison to oil price changes and equity market movements in the quarter.

19 Jun

As Facebook Unveils Libra, MSFT and CRM Join a Blockchain Group

WRITTEN BY Mayur Sontakke, CFA, FRM

On June 18, Facebook (FB) launched Libra, its own cryptocurrency. On the same day, CoinDesk published another piece of blockchain news that didn’t receive as much fanfare as Facebook’s Libra news. Was the timing a coincidence? We think not.

Uber Technologies (UBER) has picked Melbourne as another test site for its flying taxi service known as UberAir. The Australian city is the first international test site Uber has chosen for its flying taxi service. The addition of Melbourne brings the number of test locations Uber has picked for its UberAir service to three.

Lyft (LYFT) and Uber Technologies (UBER) are pushing back against California legislation that would require them to recognize their drivers as employees rather than independent contractors. The legislation would require companies like Lyft to give their drivers the compensation and benefits spelled out under California’s employment regulations.