SPDR® S&P Oil & Gas Explor & Prodtn ETF

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  • Must-know: A quick look into the Antero Midstream IPO
    Miscellaneous

    Must-know: A quick look into the Antero Midstream IPO

    On October 27, Antero Resources Corporation announced the initial public offering of Antero Midstream Partners LP.

    By Keisha Bandz
  • Why oil takeaway capacity in the Bakken can affect earnings
    Energy & Utilities

    Why oil takeaway capacity in the Bakken can affect earnings

    The availability of takeaway capacity from the Bakken can affect producers’ earnings.

    By Ingrid Pan
  • Key update on Antero Midstream’s assets
    Miscellaneous

    Key update on Antero Midstream’s assets

    Antero Resources’ current acreage is focused in the Marcellus Shale in West Virginia and the Utica Shale in Ohio.

    By Keisha Bandz
  • Chevron Corporation: A must-know brief overview
    Energy & Utilities

    Chevron Corporation: A must-know brief overview

    Chevron Corporation is currently trading at EV-to-2014E EBITDA of 5x, has an approximately $239 billion market cap, and ~$245 billion enterprise value.

    By Keisha Bandz
  • uploads///NG chart
    Macroeconomic Analysis

    Natural Gas Prices Are Following the Price Channel

    Mild weather and rising inventory estimates could drag natural gas prices lower. The key support for natural gas prices is seen at $2.60 per MMBtu.

    By Gordon Kristopher
  • uploads///apa
    Earnings Report

    What Are Analyst Recommendations for Apache?

    Wall Street analysts gave mixed recommendations after Apache’s quarterly results. Apache shares fell 5% on November 6, 2015, after the earnings release.

    By Vineet Kulkarni
  • uploads///crude oil mine _
    Company & Industry Overviews

    Marathon Oil Has Risen ~27% in 2018

    Marathon Oil (MRO) has seen a strong rally in the past month. The company has risen ~15% from its lows of $19 in August.

    By Kurt Gallon
  • uploads///Commo
    Miscellaneous

    Commodities Are Mixed in the Early Hours on March 19

    At 6:05 AM EST on March 19, the West Texas Intermediate crude oil futures for May 2018 delivery were trading at $62.20 per barrel—a drop of 0.34%.

    By Val Kensington
  • Energy & Utilities

    Why improvement in Libya pushed down the crude price last week

    For most of the last two years, WTI crude oil has been range-bound between ~$85 per barrel and ~$110 per barrel.

    By Alex Chamberlin
  • uploads///image
    Miscellaneous

    Correlations between Energy ETFs and the Broader Market’s Moves

    In the seven calendar days to February 8, 2018, OIH, XOP, XLE, and AMLP fell 13.6%, 12.7%, 11.8%, and 8.2%, respectively.

    By Rabindra Samanta
  • uploads///Estimates
    Earnings Report

    Petrobras’s Upcoming 3Q16 Results: Where Are Earnings Headed?

    Petrobras (PBR) is expected to post its 3Q16 results on November 10, 2016. In 2Q16, it had adjusted EPS of $0.03 compared to analysts’ estimates of $0.12.

    By Maitali Ramkumar
  • uploads///Ng inventory May
    Macroeconomic Analysis

    Is Natural Gas Supply and Demand Narrowing?

    Natural gas production from the lower 48 states of the US increased slightly by 0.6% to 79.82 Bcf as of May 20, 2015—compared to the previous week.

    By Gordon Kristopher
  • uploads///Segments
    Earnings Report

    How Did Tesoro’s Refining Margin Trend in 3Q16?

    Tesoro (TSO) noted a contraction in its GRM (gross refining margin) by $10.4 per barrel YoY (year-over-year) to $9.1 per barrel in 3Q16.

    By Maitali Ramkumar
  • Energy & Utilities

    Why issuers stayed away from high-yield debt markets

    Issuance slowed to a trickle when market conditions were unfavorable in August. A number of transactions were either postponed, re-priced, or withdrawn from the market altogether. There was an increase in high-yield debt risk perceptions.

    By Phalguni Soni
  • Macroeconomic Analysis

    Marcellus Shale: Why it’s key for US natural gas

    Natural gas prices in the northeastern US have increasingly been below the Henry Hub price. This is primarily because of the Northeast’s increased access to Marcellus natural gas production.

    By Alex Chamberlin
  • uploads///us crude stcks
    Macroeconomic Analysis

    Why was there a surprise in the EIA’s last crude inventory report?

    On December 24, the US Energy Information Administration (or EIA) released its crude inventory report for the week ended December 19.

    By Keisha Bandz
  • uploads///earnings
    Earnings Report

    Oasis Petroleum to Release Its 2Q16 Earnings on August 3

    Oasis Petroleum (OAS) is expected to release its fiscal 2Q16 earnings on August 3, 2016. Oasis Petroleum’s 2Q16 revenue estimates are lower than its revenue for the previous quarters.

    By Keisha Bandz
  • uploads///COP Q Post Net Income
    Earnings Report

    How ConocoPhillips Turned Losses into Profits in 4Q17

    ConocoPhillips (COP) announced its 4Q17 earnings on February 1, 2018, before the market opened. It had better-than-expected profits of ~$540 million, beating analyst expectations.

    By Nicholas Chapman
  • uploads///rev growth
    Company & Industry Overviews

    Why Did Apache See the Worst Decline in 4Q15 Revenue?

    Hess (HES), Apache (APA), Devon Energy (DVN), and Marathon Oil (MRO) recorded lower 4Q15 revenues compared to the corresponding quarter in 2014.

    By Keisha Bandz
  • uploads///IV
    Earnings Report

    How PSX’s Implied Volatility Trended Post-Earnings

    Phillips 66 (PSX) posted its earnings on July 29, 2016. On the day, PSX’s implied volatility fell by 5% to 23.2 compared to the previous day.

    By Maitali Ramkumar
  • uploads///image
    Miscellaneous

    WTI Crude Oil: Where It Could Settle This Week

    Crude oil’s (USO) (DBO) (USL) (OIIL) implied volatility was 26.6% on April 28, 2017, which was 4.6% above its 15-day average.

    By Rabindra Samanta
  • uploads///YTD Performance of COG XOP and SPX
    Energy & Utilities

    Must-know: Cabot Oil & Gas’ market performance

    Despite COG’s recent negative stock market movement, the fact that it was able to hold its own and sustain significant levels of production should ensure that it maintains relatively high stock market returns.

    By Keisha Bandz
  • uploads///crude oil stocks regional
    Macroeconomic Analysis

    US Crude Oil Inventories Are near January 2016 Levels

    The EIA released its weekly crude oil inventory report on September 28, 2016. US crude oil inventories are near January 2016 levels.

    By Gordon Kristopher
  • uploads///industry _
    Earnings Report

    Occidental Petroleum’s 4Q17 Pre-Earnings Update

    Occidental Petroleum (OXY) is set to report its 4Q17 and fiscal 2017 earnings on February 13, 2018. For 4Q17, OXY’s current consensus net income estimate is ~$275.0 million.

    By Nicholas Chapman
  • uploads///uso
    Macroeconomic Analysis

    USO Is a Better Trade Compared to XOP in Week of July 2

    Shares of USO trade on the NYSE like company stock. The fund lost ~5.3% in the week ended July 2.

    By Keisha Bandz
  • uploads///US ng rig count June   charts
    Macroeconomic Analysis

    Natural Gas Prices and Gas Rigs Move in the Same Direction

    On Friday, June 5, Baker Hughes released the weekly natural gas rig count report. As expected, natural gas rigs fell by three to 222 for the week ending June 5.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Energy ETFs Could Be More Aligned to Equity Markets than Oil

    In the trailing week, OIH rose 0.5%—the only energy ETF on our list that closed in the green. US crude oil futures rose 2.6%.

    By Rabindra Samanta
  • uploads///natural gas inventories
    Energy & Utilities

    Why investors should closely watch natural gas inventory figures

    Natural gas prices directly affect earnings for gas-weighted producers such as Chesapeake Energy Corporation (CHK), EQT Corporation (EQT), Southwestern Energy Company (SWN), and Range Resources Corporation (RRC).

    By Keisha Bandz
  • uploads///US Inventory July
    Macroeconomic Analysis

    Crude Oil Prices Rise for the Second Day, Led by EIA Inventory Data

    The unexpected fall in crude oil inventory supported crude oil prices. The fall in US imports might have led to the fall in the US oil inventory.

    By Gordon Kristopher
  • uploads///MRO WU_ Price Performance
    Miscellaneous

    Inside Marathon Oil’s Stock Performance Last Week

    Marathon Oil’s stock price fell from $15.91 to $15.16 last week, while crude oil prices fell from $53.18 per barrel to $49.62 per barrel.

    By Nicholas Chapman
  • uploads///NG chart  month april
    Macroeconomic Analysis

    Natural Gas Could Test the Key Support of $2.50 per MMBtu

    The key support level for natural gas is seen at $2.50 per MMBtu. Prices hit this mark multiple times in April 2015. Resistance is seen at $2.75 per MMBtu.

    By Gordon Kristopher
  • uploads///Natural Gas Prices
    Macroeconomic Analysis

    Inconclusive weather forecasts control natural gas prices

    Natural gas prices continued their declining trend from last week due to mild weather forecasts on the East Coast from December 13 through December 22.

    By Keisha Bandz
  • uploads///WTI vs Brent
    Macroeconomic Analysis

    Crude Oil Continues to Trade Higher This Morning

    Crude oil continues to trade higher due to positive sentiment surrounding the crude oil market. At 7:38 AM EST, WTI crude was trading at $44.88 per barrel.

    By Val Kensington
  • uploads///inventory may  may
    Macroeconomic Analysis

    Will the API Inventory Report Lead the Crude Oil Price Drop?

    Rising refinery utilization and declining US output will support crude oil prices. This is positive for crude oil prices.

    By Gordon Kristopher
  • uploads///NG price chart
    Macroeconomic Analysis

    Natural Gas Prices Are Trading Close to the Key Resistance

    September natural gas futures contracts rose for the third day in a row. Natural gas prices have been trading close to the key resistance of $2.90 per MMBtu.

    By Gordon Kristopher
  • uploads///OXY Production Mix
    Company & Industry Overviews

    Occidental Petroleum’s Production Mix and Realized Prices

    In 3Q15, Occidental Petroleum production mix was 63% crude oil, 25% natural gas, and 12% NGLs. This means that it is more tilted toward liquids production.

    By Nicholas Chapman
  • uploads///Targets
    Earnings Report

    How Are Analysts Rating MPC after Its 3Q16 Earnings?

    The analyst survey shows that nine out of the 12 companies surveyed rated Marathon Petroleum (MPC) as a “buy,” “overweight,” or “outperform.”

    By Maitali Ramkumar
  • uploads///image
    Miscellaneous

    What Could Drive Energy ETFs?

    Among the energy ETFs, the Energy Select Sector SPDR ETF (XLE) had the highest correlation with US oil (UCO) (USO) prices at 78.7% between May 11 and May 18, 2017.

    By Rabindra Samanta
  • Energy & Utilities

    Why price differential and rail competition challenge Bakken

    Although pipelines are the cost-effective way to transport crude oil, they require huge initial investment and are often impeded by regulations from the government agencies.

    By Alex Chamberlin
  • Basic Materials

    Must-know: Why natural gas storage figures matter to investors

    Every week, the U.S. Energy Information Administration (or EIA) reports figures on natural gas inventories, or the amount of natural gas stored in facilities across the U.S.

    By Alex Chamberlin
  • uploads///UNG ETF May
    Macroeconomic Analysis

    Natural Gas Prices Slump due to Increasing Inventory Data

    Natural gas futures for July delivery slumped by 4.95% on Thursday. Natural gas prices declined due to rising inventory data. It continued its losing streak.

    By Gordon Kristopher
  • uploads///prod
    Earnings Report

    Oasis Petroleum’s 1Q16 Production and Operational Highlights

    Oasis Petroleum’s (OAS) total 1Q16 production volume was 50,315 boepd (barrels of oil equivalent per day). This represents a flattish year-over-year growth.

    By Keisha Bandz
  • uploads///MUR Q Pre EBITDA
    Earnings Report

    Murphy Oil: Analysts’ 4Q16 EBITDA Estimates

    For 4Q16, Wall Street analysts expect Murphy Oil to report EBITDA of ~$261 million—compared to adjusted EBITDA of approximately -$122 million in 4Q15.

    By Nicholas Chapman
  • uploads///
    Energy & Utilities

    Must-know points of Devon Energy’s plan to develop the Eagle Ford

    Devon plans to rapidly grow production in the Eagle Ford over the next few years.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    Why names like Southwestern are poised to benefit this winter

    Natural gas producers will see upside from the colder winter, as it has helped to boost natural gas prices.

    By Ingrid Pan
  • uploads///EARNINGS
    Earnings Report

    Will Apache’s 2Q16 Earnings and Revenues Beat Estimates?

    Apache (APA) is expected to release its 2Q16 earnings on August 4, 2016. Its revenue estimate is $1.3 billion. That’s 33% lower than 2Q15 and 26% higher than 1Q16.

    By Keisha Bandz
  • uploads///vlo earnings
    Earnings Report

    Valero Energy beats expectations with its 4Q 2014 earnings

    Valero Energy (VLO) released its fourth quarter earnings on January 29. The company reported a net income of $1.2 billion.

    By Keisha Bandz
  • uploads///P BW USI
    Macroeconomic Analysis

    The best and worst upstream and integrated performers

    Removing companies that outperformed on account of pending acquisitions, the top-performing energy company in the upstream or integrated segment is XOM. This isn’t a surprise.

    By Manas Chowgule, CFA
  • uploads///image
    Miscellaneous

    Brent-WTI Spread: Why It’s Crucial for Energy Investors

    On March 28, 2017, WTI (West Texas Intermediate) crude oil active futures were trading at a discount of $2.96 per barrel to Brent crude oil active futures.

    By Rabindra Samanta
  • uploads///ANR
    Miscellaneous

    Understanding the Analysts’ Targets for Key Permian Oil and Gas Stocks

    Concho Resources and Pioneer Natural Resources have the most “buy” recommendations as compared to peers at 82% and 93%, respectively.

    By Keisha Bandz
  • uploads///Part
    Company & Industry Overviews

    Chevron’s Valuation Is Higher than Historical Averages

    Let’s examine CVX’s valuation trend. CVX traded at an average PE of 11.7x from 1Q13 to 3Q15. The PE measures a company’s price per share as a multiple of EPS.

    By Maitali Ramkumar
  • uploads///USO
    Macroeconomic Analysis

    Commodity ETFs a Riskier Bet Last Week Than XOP

    While retail investors don’t have easy access to the futures market, they can benefit from access to safer, low-cost avenues such as energy ETFs to bet on WTI crude prices.

    By Keisha Bandz
  • uploads///US Crude oil rigs  July
    Macroeconomic Analysis

    Crude Oil Rigs Could Fall More as the Bloodbath Continues

    Baker Hughes will release the weekly crude oil rig count report on July 24, 2015. The crude oil rig count fell by seven to 638 for the week ending July 17.

    By Gordon Kristopher
  • uploads///oNE YEAR gom
    Macroeconomic Analysis

    The US Gulf of Mexico Rig Count Falls through the Cracks

    The Gulf of Mexico rig count was down by 11 rigs compared to the previous week, with 35 rigs for the week ending March 20, 2015.

    By Alex Chamberlin
  • uploads///Ng chart
    Macroeconomic Analysis

    Natural Gas Prices Are Trading in a Narrow Range

    The long-term oversupply concerns could drag natural gas prices lower. The key support for natural gas prices is seen at $2.60 per MMBtu.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    What Does the Shift in the Natural Gas Futures Spread Indicate?

    On April 5, 2017, active natural gas (UNG) (FCG) (BOIL) (GASL) futures were trading at a premium of $0.33 to futures contracts 12 months forward.

    By Rabindra Samanta
  • uploads///image
    Macroeconomic Analysis

    US Dollar and Oversupply Concerns Pressure Crude Oil Prices

    March WTI (West Texas Intermediate) crude oil (ERX) (IEZ) (USO) (PXI) futures contracts fell 1.6% and settled at $52.17 per barrel on February 7, 2017.

    By Gordon Kristopher
  • uploads///rig count OCTG demand
    Macroeconomic Analysis

    Lower Demand for Steel Products: Rig Count Hits 12-Year Low

    The OCTG segment has been hit hard by lower demand and higher inventory. This would put pressure on U.S. Steel (X) and Nucor’s (NUE) tubular operations.

    By Mohit Oberoi, CFA
  • uploads///natural gas prices
    Macroeconomic Analysis

    Natural gas prices rally on cold weather forecasts

    The weather is the major driver of natural gas prices, so investors can get an idea of how prices will likely move in the short term.

    By Keisha Bandz
  • uploads///Energy MWU_ UPSTREAM Gainers
    Energy & Utilities

    Legacy Reserves: Top Upstream Gainer This Week

    In the week starting on March 26, 2018, Legacy Reserves LP increased from last week’s close of $4.47 to $4.94 on March 26—an increase of ~11%.

    By Nicholas Chapman
  • uploads///Percentage of Ethnic Russians in Ukraine
    Energy & Utilities

    The Russia-Ukraine situation’s impact on energy: Key takeaways

    More U.S. gas exports creates more demand for U.S. natural gas, which supports prices and incentivizes greater production. This is positive for upstream producers.

    By Ingrid Pan
  • uploads///image
    Miscellaneous

    Oil’s Contango: Supply–Demand Fears Could Impact the Market

    On October 3, 2017, US crude oil (USL) (OIIL) November 2018 futures settled $0.33 higher than the November 2017 futures.

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

    Markets Like What Chesapeake Is Doing with Its Debt

    Another key reason behind why investors have kept Chesapeake Energy (CHK) in their sights is its significant steps towards debt reduction and management.

    By Keisha Bandz
  • uploads///Broker Recommendations
    Earnings Report

    Analysts’ Forecast for Marathon Oil after Its 2Q15 Earnings

    Wall Street analysts gave target prices for Marathon Oil after its 2Q15 financial results. Evercore ISI gave Marathon Oil a target price of $23.

    By Alex Chamberlin
  • uploads///image
    Miscellaneous

    Brent-WTI Spread: Will US Oil Exports Rise Further?

    On October 24, 2017, Brent crude oil (BNO) active futures were $5.86 above WTI crude oil active futures.

    By Rabindra Samanta
  • uploads///fedbcdfaafbabdf
    Macroeconomic Analysis

    Natural Gas Prices: Flat for the Second Day, Test a 5-Month Low

    October natural gas futures contracts rose by 0.86% on September 24. Natural gas prices rose despite a larger-than-expected rise in the natural gas inventory.

    By Gordon Kristopher
  • uploads///wti  mont long term chart May
    Macroeconomic Analysis

    Declining Crude Oil Inventory versus Oversupply Sentiments

    July WTI crude oil futures trading on NYMEX showed the rectangular trading range pattern. Prices have been fluctuating between $58 and $61 per barrel for a few weeks.

    By Gordon Kristopher
  • uploads///stock market _
    Miscellaneous

    Why the Equity Market Could Be Dragging Oil Prices Down

    On March 19, US crude oil May futures fell 0.4% and settled at $62.13 per barrel. US crude oil May futures made a high of $62.44 per barrel.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Are Traders Confident about the Oil Supply-Demand Balance?

    Between December 29, 2017, and January 8, 2018, the premium and the oil prices rose. The market expects a tightening supply-demand balance for oil in 2018.

    By Rabindra Samanta
  • uploads///NG  month charts  apr
    Company & Industry Overviews

    Natural Gas Plunged due to Massive Inventory Data

    May natural gas futures fell by 4.47% and settled at $2.52 per MMBtu on April 9, 2015. Natural gas prices plunged because of the massive inventory buildup.

    By Gordon Kristopher
  • uploads///NG CR
    Company & Industry Overviews

    COG Highly Correlates to Natural Gas Prices, CHK Not so Much

    Cabot Oil & Gas (COG) had the highest correlation with natural gas prices in the past one-year, six-month, three-month, and one-month periods.

    By Keisha Bandz
  • uploads///fdcfcffeccddfd
    Macroeconomic Analysis

    Natural Gas Prices Rise Due to Warm Weather Estimates

    On Thursday, September 3, 2015, natural gas prices rallied due to speculation of an increase in demand for natural gas as a result of the warm weather forecast.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    These Gas-Weighted Stocks Could Mirror Natural Gas’s Bearishness

    On April 24, 2017, natural gas futures (UNG) (BOIL) (FCG) contracts for June 2017 delivery closed at $3.16 per MMBtu (million British thermal units).

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Are Supply Fears Returning to the Oil Market?

    On December 5, 2017, the January 2018 futures contract for US crude oil settled at a premium of $2.5 to January 2019 futures.

    By Rabindra Samanta
  • uploads///aeafcbaaccddaddaf
    Macroeconomic Analysis

    Natural Gas Prices Fell Almost 5% Due to Natural Gas Stocks’ Data

    September natural gas futures contracts fell by 4.91% on August 13, 2015. Prices fell due to a better-than-expected rise in natural gas inventory data.

    By Gordon Kristopher
  • uploads///oil _
    Energy & Utilities

    Upstream Space Might See Upside This Week

    On November 2–9, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 0.6%—the least among major energy ETFs.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Natural Gas: Are Winter Demand Fears Rising?

    On January 2, 2018, natural gas (UNG) (BOIL) (FCG) February 2018 futures settled $0.025 less than February 2019 futures.

    By Rabindra Samanta
  • uploads///Share Price XOM
    Energy & Utilities

    Exxon Mobil wins $1.6 billion in arbitration case against Venezuela

    Exxon Mobil alleged that the Venezuelan government illegally expropriated its Venezuelan assets in 2007 and paid unfair compensation.

    By Alex Chamberlin
  • uploads///UNG  month  Apr
    Macroeconomic Analysis

    Natural Gas: Up for the Second Day on Cold Weather Forecasts

    Natural gas futures for May delivery rose for the second day by 1.20% and settled at $2.60 per MMBtu on April 22, 2015.

    By Gordon Kristopher
  • uploads///ung  month chart May
    Macroeconomic Analysis

    Natural Gas Prices Rise for 5 Consecutive Days on Rising Demand

    NYMEX-traded June natural gas futures increased by 1.62% on Monday—led by the consensus of warm weather estimates. Prices rose for the fifth consecutive day.

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

    Lower US Crude Oil Production Forecasts for 2019

    The EIA reported that US crude oil production increased by 100,000 bpd (barrels per day) to a record high of 10.9 MMbpd on June 1–8.

    By Gordon Kristopher
  • uploads///oil sunset crude oil pic
    Energy & Utilities

    XOP Is Underperforming Other Energy ETFs

    On November 12–19, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 1.6%—the largest decline among major energy ETFs.

    By Rabindra Samanta
  • uploads///fdafbdefbcbcfeb
    Macroeconomic Analysis

    Natural Gas Prices Fall Ahead of Expiry

    Natural gas futures contracts for October delivery fell by 1.04% on September 25, 2015. Natural gas prices fell due to oversupply concerns.

    By Gordon Kristopher
  • uploads///cbaacfacaaaadeddc
    Macroeconomic Analysis

    Inventory Data Is Weighing on Natural Gas Prices

    October natural gas futures contracts fell by 2% and settled at $2.64 per MMBtu (British thermal units in millions) on September 2, 2015.

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

    Crude Oil Futures Rose for the Seventh Straight Day

    August US crude oil futures contracts rose 2.5% and closed at $46.04 per barrel on June 30. Brent crude oil futures rose and settled at $47.92 per barrel.

    By Gordon Kristopher
  • uploads///us weather
    Macroeconomic Analysis

    Cold Weather Estimates Drive Natural Gas Prices Higher

    NYMEX-traded natural gas for May increased by 1.54% on April 21, 2015. Prices increased due to cold weather estimates. This could increase the demand for natural gas.

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

    Why a Change in Inventory Could Make Oil Bulls Happy

    According to the EIA’s report on July 18, US crude oil inventories rose by ~5.8 MMbbls to ~411.1 MMbbls in the week that ended on July 13.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Futures Spread: What It Says about Natural Gas Prices

    On March 1, 2017, active natural gas (UNG) (FCG) (BOIL) (GASL) futures were trading at a discount of $0.5 to futures contracts 12 months ahead.

    By Rabindra Samanta
  • uploads///forcast
    Macroeconomic Analysis

    Russia’s Central Bank: Crude Oil Prices Could Hit $40 per Barrel

    Brent crude oil prices could fall as low as $40 per barrel by the end of 2017 if OPEC doesn’t extend major producers’ production cut deal in 2H17.

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

    Understanding Falling US Distillate Inventories

    The EIA estimates that US distillate inventories fell 0.8 MMbbls (million barrels) to 138.0 MMbbls from September 15–22, 2017.

    By Gordon Kristopher
  • uploads///cddafaccbcfecbabdc
    Macroeconomic Analysis

    Natural Gas Prices Rise Due to Hot Weather Estimates

    Natural gas prices rose for the sixth time in the last ten days. Prices rose by 0.05% more on the up days than on the down days.

    By Gordon Kristopher
  • uploads///OXY Production
    Company & Industry Overviews

    Understanding Occidental Petroleum’s Production Volumes

    In 3Q15, Occidental Petroleum production was 689,000 BOE per day, which is higher by almost 16% than its 595,000 BOE per day in 3Q14.

    By Nicholas Chapman
  • uploads///
    Energy & Utilities

    Natural gas liquids prices rise, boosted by propane prices

    The representative NGL barrel reached highs of up to ~$50 per barrel in early February, given the strength in propane prices due to a cold winter as well as natural gas prices that pushed ethane prices up.

    By Ingrid Pan
  • uploads///image
    Miscellaneous

    What the Brent–WTI Spread Indicates

    On August 15, Brent crude oil active futures were trading $3.25 more than the WTI crude oil active futures. On August 8, the spread stood at $2.97.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Will US Crude Oil Prices Outperform in 2H17?

    WTI crude oil (BNO) (PXI) (UCO) (XOP) prices have fallen 18% year-to-date. They have fallen 7% in the past year due to bearish drivers.

    By Gordon Kristopher
  • uploads///UNG
    Macroeconomic Analysis

    UNG a Winner, but XOP Disappointed Last Week

    UNG was underperforming natural gas for almost the entire week, but towards the end of the week, it gave slightly higher returns.

    By Keisha Bandz
  • uploads///image
    Macroeconomic Analysis

    Why Did Crude Oil Prices Hit a 3-Month Low?

    Crude oil (USO) (IXC) (XES) was trading near a 20-month high on March 7. US crude oil prices posted their biggest one-day decline in the last 13 months.

    By Gordon Kristopher
  • uploads///Part _
    Fund Managers

    Oil Majors Keep New Projects Worth $200 billion on Ice

    Wood Mackenzie research shows that the oil majors have deferred more than 45 significant oil and gas projects since the beginning of the crude oil price collapse last year.

    By Stuart McKenzie
  • uploads///IV
    Earnings Report

    Continental Resources’ Implied Volatility after 4Q16 Earnings

    Continental Resources’ (CLR) current implied volatility is 35.4%. That’s about 9.0% lower than its 15-day average of 40.0%.

    By Keisha Bandz
  • uploads///oil and inventory
    Miscellaneous

    How Will the API’s Crude Oil Inventories Impact Oil Prices?

    On May 16, 2017, the API will release its weekly crude oil inventory report. A fall in crude oil inventories could support US crude oil (BNO) (PXL) prices.

    By Gordon Kristopher
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