Latest Energen Corp News and Updates
Are Institutional Investors Selling Marathon Oil Stock?In Q1 2018, 265 funds were “buyers” of Marathon Oil (MRO) stock, either creating new positions or adding to existing positions.
Analyzing US Gasoline Inventories and DemandThe API reported that US gasoline and distillate inventories rose by 9,200,000 barrels and 4,300,000 barrels on November 24–December 1, 2017.
US Gasoline Inventories Weighed on Crude Oil FuturesUS gasoline inventories rose by 3,627,000 barrels to 214 MMbbls (million barrels) on November 17–24, 2017, according to the EIA.
US Dollar Could Pressure Crude Oil Futures This WeekThe US Dollar Index rose 0.13% to 94.4 on November 13, 2017. It limited the upside for US crude oil (UWT) (DWT) prices on the same day.
How Iran and Iraq’s Crude Oil Exports Could impact crude Oil PricesIraq’s crude oil exports hit 3.98 MMbpd (million barrels per day) in September 2017, according to Bloomberg—its highest level since December 2016.
Company & Industry Overviews
ConocoPhillips’s Steps to Reduce Its Break-Even PriceSince 2014, ConocoPhillips (COP) has been focusing on reducing its break-even price.