ProShares Ultra Oil & Gas

Latest ProShares Ultra Oil & Gas News and Updates

  • uploads///OPEC
    Miscellaneous

    What to Expect from OPEC’s Crude Oil Production in August 2017

    October WTI (or West Texas Intermediate) crude oil (USO) (UCO) futures contracts rose 0.4% and were trading at $47.73 per barrel in electronic trade at 2:00 AM EST on August 22, 2017.

    By Gordon Kristopher
  • uploads///gas demand
    Macroeconomic Analysis

    US Gasoline Demand Is Important for Crude Oil Bulls

    The EIA estimated that four-week average US gasoline demand rose by 134,000 bpd (barrels per day) to 9,102,000 bpd from March 10–17, 2017.

    By Gordon Kristopher
  • uploads///Segment Revenues
    Energy & Utilities

    Weatherford International’s Value Drivers in 2Q17

    Revenues from Weatherford International’s (WFT) Latin American region fell the most by 18.5% from 2Q16 to 2Q17.

    By Alex Chamberlin
  • uploads///gas prices
    Macroeconomic Analysis

    Bearish Momentum in Crude Oil Prices Pressures Gasoline Futures

    April gasoline futures fell 2.4% to $1.65 per gallon on March 8, 2017. Prices fell despite the massive fall in US gasoline inventories.

    By Gordon Kristopher
  • uploads///Libya
    Macroeconomic Analysis

    Analyzing Libya’s Crude Oil Production

    A Reuters survey estimates that Libya’s crude oil production fell by ~20,000 bpd (barrels per day) to 670,000 bpd in February 2017—compared to January 2017.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Why Did Crude Oil Prices Rise?

    On February 9, 2017, US crude oil futures contracts for March delivery closed at $53.00 per barrel—an ~1.3% rise compared to the previous trading session.

    By Rabindra Samanta
  • uploads///libya
    Macroeconomic Analysis

    Libya’s Crude Oil Production Could Impact Crude Oil Prices

    Libya produced ~1.8 MMbpd of crude in 2007. Civil war and militant attacks on its oil infrastructure caused the fall in Libya’s crude oil production.

    By Gordon Kristopher
  • uploads///libya
    Macroeconomic Analysis

    Libya’s Crude Oil Production Reached a 3-Year High

    Libya’s National Oil Corporation reported that the country’s crude oil production rose by 300,000 bpd between September 2016 and January 2017.

    By Gordon Kristopher
  • uploads///SI
    Consumer

    Short Interest in SLB, HAL, WFT, and NOV after 2Q17

    The short interest in Schlumberger (SLB), as a percentage of its float, is 1.5% as of August 7, 2017—compared to 1.6% as of June 30, 2017.

    By Alex Chamberlin
  • uploads///SI
    Miscellaneous

    What’s Nabors Industries’ Short Interest as of June 19?

    Short interest in Nabors Industries (NBR) as a percentage of its float was 11.4% as of June 19, 2017, compared to 10.1% as of March 31, 2017.

    By Alex Chamberlin
  • uploads///Crude oil prices
    Energy & Utilities

    Will US Crude Oil Futures Surpass their 200-Day Moving Average?

    Let’s track some important events for oil and gas traders from August 14 to 18, 2017.

    By Gordon Kristopher
  • uploads///distillate
    Miscellaneous

    Why Did US Distillate Inventories Fall Again?

    June diesel futures contracts rose 2.1% to $1.47 per gallon on May 10, 2017. Prices rose due to the larger-than-expected fall in distillate inventories.

    By Gordon Kristopher
  • uploads///oil and price inventory
    Miscellaneous

    Energy Calendar for Oil and Gas Traders: May 1–5

    The energy sector contributed to ~6.3% of the S&P 500 (SPY) (SPX-INDEX) on April 28, 2017. Oil and gas are major parts of the energy sector.

    By Gordon Kristopher
  • uploads///russia
    Miscellaneous

    Will Russia’s Oil Production Fall in the Coming Months?

    Russia’s Energy Ministry reported that its oil production fell in the first half of April 2017 due to major producers’ production cut deal.

    By Gordon Kristopher
  • uploads///gas demand
    Miscellaneous

    Why Investors Are Tracking US Gasoline Demand

    The EIA (U.S. Energy Information Administration) estimated that four-week average US gasoline demand fell by 80,000 bpd to 9,237,000 bpd on April 14–21.

    By Gordon Kristopher
  • uploads///Debt to Equity
    Company & Industry Overviews

    Weatherford International Issues Stocks Again

    On November 16, Weatherford International (WFT), an oilfield equipment and services company, disclosed that it issued 84.5 million ordinary stocks.

    By Alex Chamberlin
  • uploads///gasoline inventory
    Miscellaneous

    Why US Gasoline Inventories Rose for the Third Straight Week

    A less-than-expected rise in gasoline inventories supported gasoline prices on May 3, 2017. Gasoline and crude oil (DIG) (SCO) (VDE) prices rose on May 3.

    By Gordon Kristopher
  • uploads///Segment Rev
    Earnings Report

    Analyzing Schlumberger’s Growth Drivers in 1Q17

    Schlumberger’s (SLB) Drilling segment witnessed the highest revenue fall of 20% in 1Q17—compared to 1Q16. Its Production segment fell ~8%.

    By Alex Chamberlin
  • uploads///crude oil rebalcing
    Macroeconomic Analysis

    Are Crude Oil Traders the Bullish Catalyst for the Global Oil Market?

    Bullish crude oil prices benefit upstream companies like Matador Resources (MTDR), SM Energy (SM), Warren Resources (WRES), and Bonanza Creek Energy (BCEI).

    By Gordon Kristopher
  • uploads///Libya
    Macroeconomic Analysis

    Libya’s Crude Oil Production Hit a 3-Year High

    Libya’s National Oil Corporation reported that the country’s crude oil production rose to ~700,000 bpd in January—the highest level in the last three years.

    By Gordon Kristopher
  • uploads///SI
    Miscellaneous

    What’s the Short Interest in Large OFS Companies on July 6?

    Short interest in Schlumberger (SLB) as a percentage of its float is 1.2% as of July 6, 2017, compared to 1.2% as of March 31, 2017.

    By Alex Chamberlin
  • uploads///Segment Revenue
    Earnings Report

    What Could Drive Schlumberger’s Performance in 1Q17 and Beyond?

    Schlumberger’s (SLB) Drilling segment witnessed the highest revenue fall of 32% in 4Q16 compared to 3Q16.

    By Alex Chamberlin
  • uploads///libya
    Macroeconomic Analysis

    Libya, Iran, and Nigeria Could Impact Crude Oil Prices in 2017

    Libya’s crude oil production   On December 20, 2016, Libya’s National Oil Corporation reported that pipelines leading from the Sharara and El Feel fields were reopened. The pipelines were closed for two years due to militant attacks. The pipelines are expected to add 270,000 bpd (barrels per day) of crude oil supply over the next three months. The […]

    By Gordon Kristopher
  • uploads///Revennue Change
    Materials

    Schlumberger’s Earnings Drivers in 2Q17

    Schlumberger’s revenues from North America staged a noteworthy recovery, rising 27% from 2Q16 to 2Q17.

    By Alex Chamberlin
  • uploads///US production
    Miscellaneous

    Why US Crude Oil Output Hit a High from January 2016

    US crude oil output is at the highest level since January 25, 2016. The rise in crude oil output is the biggest bearish driver for crude oil prices in 2017.

    By Gordon Kristopher
  • uploads///gas demand
    Miscellaneous

    US Gasoline Demand: Bullish or Bearish for Oil Prices?

    The EIA (U.S. Energy Information Administration) estimated that four-week average US gasoline demand rose by 6,000 bpd to 9,317,000 bpd on April 7–14.

    By Gordon Kristopher
  • uploads///US crude oil inventories
    Miscellaneous

    US Crude Oil Inventories: Lower than the Market’s Expectation

    The EIA reported that US crude oil inventories fell by 6.4 MMbbls (million barrels) to 509.9 MMbbls on May 19–26, 2017.

    By Gordon Kristopher
  • uploads///US weekly crude oil production may
    Macroeconomic Analysis

    What Are the Bullish Drivers for Crude Oil Prices?

    The expectation of slowing production will support crude oil prices. Crude oil prices are up more than 90% from the lows in February 2016.

    By Gordon Kristopher
  • uploads///distillate
    Miscellaneous

    How US Distillate Inventories Affect Diesel and Oil Prices

    The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 2.2 MMbbls (million barrels) to 150.2 MMbbls between March 31 and April 7, 2017.

    By Gordon Kristopher
  • uploads///Segments
    Energy & Utilities

    What Were Schlumberger’s Drivers in 2Q17?

    In 2Q17, Schlumberger reported a net loss of ~$74 million—a sharp improvement compared to 2Q16 when it reported a net loss of $2.16 billion.

    By Alex Chamberlin
  • uploads///oil and inventory
    Miscellaneous

    Will the EIA’s Crude Oil Inventories Support Crude Oil Bulls?

    On April 18, 2017, the API released its weekly crude oil inventory report. It reported that US crude oil inventories fell by 0.84 MMbbls from April 7–14.

    By Gordon Kristopher
  • uploads///us monthly prod
    Miscellaneous

    Could US Crude Oil Production Push Production Cut Deal Past 2017?

    The EIA reported that monthly US crude oil production rose 196,000 bpd to 9.0 MMbpd in February 2017.

    By Gordon Kristopher
  • uploads///supply outage
    Energy & Utilities

    Global Crude Oil Supply Outages Near 5-Year Low

    The US Energy Information Administration estimates that global crude oil supply outages fell by 247,000 bpd (barrels per day) to 2.0 MMbpd (million barrels per day) in June 2017.

    By Gordon Kristopher
  • uploads///US crude oil production
    Miscellaneous

    EIA Raises Estimates for US Crude Oil Production in 2018

    The EIA (U.S. Energy Information Administration) reported that US crude oil production rose by 36,000 bpd (barrels per day) to 9,235,000 bpd between March 31 and April 7, 2017.

    By Gordon Kristopher
  • uploads///Russia
    Miscellaneous

    Russia Could Leave OPEC’s Production Cut Deal

    Rosneft is Russia’s largest oil producer. On June 1, a Rosneft board member stated that Russia wouldn’t extend the production cut deal beyond March 2018.

    By Gordon Kristopher
  • uploads///gasoline inventory
    Miscellaneous

    US Distillate Inventories Fell for the Tenth Straight Week

    The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 2 MMbbls to 148.3 MMbbls on April 7–14, 2017.

    By Gordon Kristopher
  • uploads///gasoline demand
    Miscellaneous

    US Gasoline Demand: Key Crude Oil Driver in 2017

    The EIA estimated that four-week average US gasoline demand rose by 210,000 bpd (barrels per day) to 9,312,000 bpd from March 17–24, 2017.

    By Gordon Kristopher
  • uploads///Segment Revenues
    Earnings Report

    Analyzing Weatherford International’s 2Q17 Performance

    In 1H17, Weatherford’s revenues fell 8%—compared to 1H16. It managed to lower its net losses significantly during this period.

    By Alex Chamberlin
  • uploads///oil inventory and price
    Miscellaneous

    Energy Calendar: Analyzing Key Oil and Gas Drivers

    The energy sector contributed to ~6.6% of the S&P 500 on March 31, 2017. Oil and gas producers’ earnings depend on crude oil and natural gas prices.

    By Gordon Kristopher
  • uploads///oecd
    Macroeconomic Analysis

    OECD’s Oil Inventories Reached an All-Time High

    OECD’s oil inventories are at the highest level ever. Record oil inventories are bearish for crude oil (PXI) (ERX) (DIG) (USL) (IXC) prices.

    By Gordon Kristopher
  • uploads///monthly us crude oil production
    Miscellaneous

    Monthly US Crude Oil Production Hit May 2016 High

    The EIA reported that monthly US crude oil production rose by 60,000 bpd (barrels per day) to 8.8 MMbpd in January 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///Segments
    Company & Industry Overviews

    Analyzing the Factors Affecting Schlumberger’s Revenue

    Schlumberger’s Drilling segment witnessed the highest revenue fall at 32% in 4Q16 compared to 4Q15. The segment was followed by the Reservoir Characterization and Production segments.

    By Alex Chamberlin
  • uploads///distillate
    Miscellaneous

    US Distillate Inventories Fell for the Third Straight Week

    The EIA reported that US distillate inventories fell by 1.9 MMbbls (million barrels) to 146.8 MMbbls on May 5–12, 2017.

    By Gordon Kristopher
  • uploads///gasoline inventory
    Macroeconomic Analysis

    Gasoline Inventories Could Fall from All-Time High Levels

    The API released its weekly inventory report on February 22, 2017. It estimated that US gasoline inventories fell by 0.9 MMbbls from February 10–17, 2017.

    By Gordon Kristopher
  • uploads///Sept
    Miscellaneous

    Hedge Funds Are Turning Bearish on US Crude Oil

    Hedge funds reduced their net long positions in US crude oil futures and options by 12,094 contracts to 157,891 contracts on September 5–12, 2017.

    By Gordon Kristopher
  • uploads///Major producers June
    Energy & Utilities

    Will Major Oil Producers Extend the Output Cut Deal past March?

    October WTI (West Texas Intermediate) crude oil (USO)(UCO)(DIG) futures contracts rose 0.16% and were trading at $49.98 per barrel in electronic trading at 2:10 AM EST on September 18.

    By Gordon Kristopher
  • uploads///US crude oil inventories
    Energy & Utilities

    Why US Crude Oil Inventories Rose Again

    On September 13, the EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report.

    By Gordon Kristopher
  • uploads///Refinery demand
    Energy & Utilities

    Hurricanes Could Impact Global and US Crude Oil Demand

    West Texas Intermediate crude oil (DBO) (DIG) (XLE) futures contracts for October delivery rose 1.2% to $48.07 per barrel on September 11, 2017.

    By Gordon Kristopher
  • uploads///Distillate inventory
    Energy & Utilities

    US Distillate Inventories Rise for a Third Week

    US distillate inventories  On August 30, 2017, the EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report. The EIA estimates that US distillate inventories rose by 0.5% to 149.1 MMbbls (million barrels) between August 18 and 25, 2017. Inventories fell by 5.6 MMbbls, or 3.6%, from the same period in 2016. Inventories […]

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    How Hurricane Harvey May Impact US Crude Oil Production

    US crude oil production  The EIA (U.S. Energy Information Administration) estimates that US crude oil production rose by 2,000 bpd (barrels per day) to 9,530,000 bpd between August 18 and 25, 2017. Production rose 1,042,000 bpd, or 12.3%, from the same period in 2016. It has risen for three consecutive weeks to August 25, and has reached […]

    By Gordon Kristopher
  • uploads///Refinery Demand
    Energy & Utilities

    Will US Crude Oil Futures Rise above Key Moving Averages?

    Let’s track some important events for oil and gas traders between August 28 and September 1, 2017.

    By Gordon Kristopher
  • uploads///US crude oil inventrories
    Energy & Utilities

    US Crude Oil Inventories: Biggest Draw since September 2016

    The EIA reported that US crude oil inventories fell by 8.9 MMbbls or 1.8% to 466.4 MMbbls on August 4–11, 2017—the biggest draw since September 2016.

    By Gordon Kristopher
  • uploads///Gasoline Inventories
    Energy & Utilities

    Will US Crude Oil and Gasoline Inventories Support Oil Prices?

    September WTI (West Texas Intermediate) crude oil (OIH) (SCO) (DIG) futures contracts rose 0.5% to $47.81 per barrel in electronic trading at 1:50 AM EST on August 16, 2017.

    By Gordon Kristopher
  • uploads///gasoline inventory
    Energy & Utilities

    Analyzing US Crude Oil and Gasoline Inventories

    The API estimates that US gasoline inventories rose by 1.5 MMbbls (million barrels) on July 28–August 4, 2017.

    By Gordon Kristopher
  • uploads///Segment Revenues
    Earnings Report

    Analyzing Schlumberger’s Growth Drivers in 2Q17

    Schlumberger’s (SLB) Production segment witnessed the highest revenue growth (17.6% rise) in 2Q17 over 2Q16.

    By Alex Chamberlin
  • uploads///Revenue by Segment
    Earnings Report

    What Are Weatherford International’s Growth Drivers in 1Q17?

    In 1Q17, Weatherford International’s net loss was $443 million.

    By Alex Chamberlin
  • uploads///Segment Rev Change
    Earnings Report

    What Drove Schlumberger in 1Q17

    Schlumberger’s 1Q17 revenue by geography From 4Q16 to 1Q17, Schlumberger (SLB) witnessed 6% revenue growth in North America, while it saw a steep revenue decline of ~10% in the Europe/CIS[1.Commonwealth of Independent States]/West Africa region. Schlumberger’s revenue from Latin America was resilient in 1Q17, remaining unchanged from 4Q16. Schlumberger accounts for 6.5% of the ProShares […]

    By Alex Chamberlin
  • uploads///image
    Miscellaneous

    Can the Natural Gas Inventories Spread Rescue Natural Gas Bulls?

    In the week ended June 23, 2017, natural gas inventories were at 2,816 Bcf (billion cubic feet)—46 Bcf more compared to the week earlier.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Why the Natural Gas Inventory Spread Supports Its Recent Recovery

    In the week ended June 16, 2017, natural gas inventories rose 61 Bcf (billion cubic feet) to 2,770 Bcf based on EIA data released on June 22, 2017.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Will US Crude Oil Hit $40 Next Week?

    On June 22, 2017, WTI crude oil (USO) (OIIL) active futures’ implied volatility was 29.7%, up 1.7% compared to its 15-day average.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Natural Gas Inventories Spread: Savior for Natural Gas Bulls?

    The EIA reported that natural gas inventories rose by 78 Bcf (billion cubic feet) to 2,709 Bcf in the week ending June 9, 2017.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Where Will US Crude Prices Settle?

    On June 15, 2017, US crude oil active futures’ implied volatility was 27.9%.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    What’s in the Natural Gas Inventory Spread—Bears?

    In the week ended June 2, 2017, natural gas inventories rose by 106 Bcf.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Chart in Focus: The Natural Gas Inventory Spread

    Between January 27–June 7, 2017, natural gas active futures fell 10.9%. Natural gas inventories moved above their five-year average in the week ended January 27, 2017.

    By Rabindra Samanta
  • uploads///Revenue Split
    Miscellaneous

    What Were Schlumberger’s Drivers in 1Q17?

    Schlumberger’s (SLB) Latin America region witnessed the highest revenue decline (30% fall) in 1Q17—compared to 1Q16.

    By Alex Chamberlin
  • uploads///image
    Miscellaneous

    Why the Inventory Spread Could Make Natural Gas Bulls Happy

    On a week-over-week basis, natural gas inventories rose by 75 Bcf (billion cubic feet) and were at 2,444 Bcf for the week ended May 19, 2017.

    By Rabindra Samanta
  • uploads///supply outage
    Miscellaneous

    Global Crude Oil Supply Outages Could Help Crude Oil Bulls

    The EIA estimated that global crude oil supply outages rose by 181,000 bpd (barrels per day) to 2.52 MMbpd in April 2017—compared to March 2017.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Natural Gas Inventory Spread Is Falling: Will Gas Prices Soar?

    According to EIA data announced on May 18, there was an addition of 68 Bcf to natural gas (GASX) (FCG) (GASL) inventories for the week ending May 12, 2017.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Is the Natural Gas Inventory Spread Optimistic?

    According to data from the EIA on May 4, natural gas (GASX) (FCG) (GASL) inventories rose by 67 Bcf (billion cubic feet) during the week ending April 28.

    By Rabindra Samanta
  • uploads///gasoline demand
    Miscellaneous

    Is US Gasoline Demand Turning Bearish?

    The EIA estimated that four-week average US gasoline demand fell by 22,000 bpd (barrels per day) to 9,215,000 bpd on April 21–28, 2017.

    By Gordon Kristopher
  • uploads///cush
    Miscellaneous

    Cushing Crude Oil Inventories Fell for 3rd Consecutive Week

    Market surveys estimate that Cushing crude oil inventories rose between April 28 and May 5, 2017.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    The Natural Gas Inventory Spread: Another Bearish Indicator?

    According to data from the EIA released on April 27, 2017, natural gas inventories rose 74 Bcf (billion cubic feet) during the week ended April 21, 2017.

    By Rabindra Samanta
  • uploads///Segment Revenue
    Earnings Report

    What Impacted Weatherford’s 1Q17 Performance?

    Weatherford’s North America region’s 1Q17 operating loss improved to $18 million—compared its operating loss of $128 million last year.

    By Alex Chamberlin
  • uploads///image
    Miscellaneous

    Natural Gas Inventories Spread: What Investors Should Know

    According to data from the EIA released on April 20, 2017, natural gas (GASX) (FCG) (GASL) inventories rose by 54 Bcf during the week ending April 14, 2017.

    By Rabindra Samanta
  • uploads///OECD
    Miscellaneous

    OECD’s Crude Oil Inventories Impact Crude Oil Futures

    The EIA estimates that OECD’s crude oil inventories fell by 7.69 MMbbls (million barrels) to 2,977 MMbbls in March 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///cush
    Miscellaneous

    Cushing Crude Oil Inventories Fell from an All-Time High

    For the week ending April 14, 2017, the EIA reported that Cushing crude oil inventories fell by 0.8 MMbbls (million barrels) to 68.6 MMbbls.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Inventories Spread: Will Natural Gas Prices Fall Again?

    Natural gas (GASX) (FCG) (GASL) inventories rose by ten Bcf (billion cubic feet) during the week ending April 7, 2017.

    By Rabindra Samanta
  • uploads///Revenue Change
    Earnings Report

    Analyzing Weatherford International’s Growth Drivers in 4Q16

    Revenues from Weatherford International’s (WFT) Europe/Sub Saharan Africa/Russia region fell the most with a 36.5% fall from 4Q15 to 4Q16.

    By Alex Chamberlin
  • uploads///image
    Miscellaneous

    Inventories Spread: Why Natural Gas Uptrend Could Be at Risk

    According to data from the EIA (U.S. Energy Information Administration) released on March 30, 2017, natural gas inventories fell by 43 Bcf (billion cubic feet) during the week ending March 24, 2017.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Inventories Spread: What Investors Can Expect

    According to data from the EIA released on March 23, 2017, natural gas (UNG) (FCG) (GASL) inventories fell by 150 Bcf during the week ending March 17, 2017.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Natural Gas Inventories and Why They’re Bearish for Prices

    According to data from the EIA released on March 16, 2017, natural gas inventories fell by 53 Bcf during the week ending March 10, 2017.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Inventories: Will Bullish Natural Gas Traders Rethink Their Bets?

    According to data from the EIA released on March 9, 2017, natural gas (UNG) (FCG) (DGAZ) inventories fell by 68 Bcf during the week ending March 3, 2017.

    By Rabindra Samanta
  • uploads///image
    Macroeconomic Analysis

    Janet Yellen and the US Dollar Impacted Crude Oil Prices

    The US dollar and crude oil (ERY) (ERX) (DIG) (XES) are usually inversely related. A weaker US dollar makes crude oil more affordable for oil importers.

    By Gordon Kristopher
  • uploads///Segment Rev Change
    Earnings Report

    Will Weatherford International’s Working Capital Deteriorate?

    Geographically, revenues from Weatherford International’s (WFT) North America region fell the most (46%) from 3Q15 to 3Q16.

    By Alex Chamberlin
  • uploads///api crude oil
    Macroeconomic Analysis

    Why US Crude Oil Inventories Are Near October 2015 Levels

    US crude oil (UWTI) (IXC) (ERY) (BNO) (RYE) inventories rose by 4.9 MMbbls (million barrels) to 474 MMbbls between September 30 and October 7.

    By Gordon Kristopher
  • uploads///How the economy has been affected by lower crude oil price
    Miscellaneous

    Why Are Natural Gas Prices Retreating?

    In the last four trading sessions, natural gas October futures have fallen by 7.3%. On September 7, they closed ~1.5% lower than the previous session.

    By Rabindra Samanta
  • uploads///How the economy has been affected by lower crude oil price
    Miscellaneous

    What Does The Price Action in Natural Gas Indicate?

    In the last five trading sessions, natural gas October futures have risen by 1.8%. They closed at ~$2.89 per MMBtu on August 31, 2016.

    By Rabindra Samanta
  • uploads///Natural Gas and Key Moving Averages
    Miscellaneous

    What’s Driving Natural Gas Prices Higher?

    Natural gas prices broke above the 20-day moving average on August 23. This indicates short-term bullishness in natural gas prices.

    By Rabindra Samanta
  • uploads///RV
    Company & Industry Overviews

    Comparing Relative Valuation among 4 Oilfield Services Companies

    Forward EV-to-EBITDA is a useful metric to gauge relative valuation. Halliburton’s (HAL) forward EV-to-EBITDA multiple expansion is the highest in our group.

    By Alex Chamberlin
  • uploads///Segment Revenues
    Company & Industry Overviews

    What Will Core Laboratories’ Drivers Be in 2016 and Beyond?

    From 2Q15 to 2Q16, all of Core Laboratories’ segments saw lower revenues. Its Reservoir Management segment suffered the highest revenue decline (59%).

    By Alex Chamberlin
  • uploads///Segments
    Consumer

    Inside Schlumberger’s Strategies as Crude Oil Prices Recover

    Schlumberger’s Drilling segment witnessed the highest revenue decline in 2Q16 over 2Q15, closely followed by Reservoir Characterization and Production.

    By Alex Chamberlin
  • uploads///Revenue Growth
    Company & Industry Overviews

    How Did National Oilwell Varco Do Compared to the Others?

    National Oilwell Varco (NOV) recorded a revenue decline of 55% in fiscal 1Q16 compared to the year-ago quarter. Its fiscal 1Q16 revenue was $2.2 billion compared to $4.8 billion a year earlier.

    By Alex Chamberlin
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    API Crude Oil Stocks Suggest Crude Oil Prices Could Feel the Heat

    The API reported that US crude oil inventory fell by 1.1 MMbbls between April 15 and April 22. Cushing crude inventories rose 1.9 MMbbls in the same period.

    By Gordon Kristopher
  • uploads///EPS
    Earnings Report

    Why Did FMC Technologies’ 1Q16 Earnings Miss Estimates?

    FMC Technologies released its 1Q16 results on April 26, 2016. It recorded total revenue of ~$1.2 billion, a fall of ~29% from $1.7 billion in 1Q15.

    By Alex Chamberlin
  • uploads///diesel
    Macroeconomic Analysis

    Heating Oil and Diesel Fuel Prices Rose for 4th Straight Week

    On March 23, 2016, the EIA reported that US on-highway diesel fuel prices increased by 1% to $2.1 per gallon on March 21 compared with the previous week.

    By Gordon Kristopher
  • uploads///Permian
    Macroeconomic Analysis

    Has Permian Shale Oil Production Growth Come to a Halt?

    The EIA estimates that the Permian Basin’s crude oil production amounted to ~2.0 MMbpd (million barrels per day) in February 2016.

    By Alex Chamberlin
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