Even though the price of oil has settled around $60, which represents a 14% gain since the beginning of the year, it hasn’t budged from this mark in the past month. Holders of shares of The United States Oil ETF (USO),…
In a recent article I wrote that the fall in oil prices have already started to impact US oil companies, which have started to reduce their capex and shut down rigs. I would also like to make two more points…
The ongoing weakness in the oil market made me examine again the recent developments in the oil market. Some analysts suggest the growing U.S. production is the driving force behind the fall in oil prices. But I still think that…
The price of oil tumbled down last week to the mid 60’s and remained at this level since then. OPEC’s decision to keep its quota unchanged has fueled this plunge in prices. But the main issue will also remain the…
United States Oil (USO) tumbled down again in the past few months and reached its lowest level this year. Also, the price of WTI oil plunged by over 10% this month (up to date) to $82. Will prices keep coming…
United States Oil (USO) resumed its downward trend as it fell by nearly 3% since the beginning of October. Let’s review some of the latest developments related to USO that could impact its direction and performance. The chart shows the…
During last month, the price of United States Oil (USO) declined by nearly 4.5%, while the price of oil (WTI) fell by 5.5%. Brent oil also fell by over 8.8% in the past month. Let’s examine some of the latest…
The decision of Chesapeake Energy (NYSE: CHK) to increase its production of natural gas liquids raises the question of whether this is the right move for the company, and how will this play impact its bottom line. Also, what are…
During the first quarter of 2014, the oil and gas market heated up. Despite these developments, shares of Chesapeake Energy (NYSE: CHK) didn’t perform well and lost nearly 1.5% of their value during 2014, up to date. But has it…
Today, the IEA – International Energy Agency published its monthly report on the global oil market for August 2011. During August, OPEC’s oil production slightly inclined by nearly 165 k bbl/d to 30.26 million bbl/d compared with July’s average oil…