BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Closing Bell: Blaming Those Greeks (BP, ANN, NBG, GS, CAL, UAUA, AAPL)]]>http://www.bloggingstocks.com/2010/05/04/closing-bell-blaming-those-greeks-bp-ann-nbg-gs-cal-uaua/http://www.bloggingstocks.com/2010/05/04/closing-bell-blaming-those-greeks-bp-ann-nbg-gs-cal-uaua/http://www.bloggingstocks.com/2010/05/04/closing-bell-blaming-those-greeks-bp-ann-nbg-gs-cal-uaua/#commentsFiled under: , ,

Blame the Greeks... Why should today be any different? The fear is that the Greek debt crisis is ready to spread. You have heard it before, and you will continue to hear it again. Maybe this is just the excuse the bears needed to take control. Suddenly, the VIX was back above 25 for the first time since February.

Here were today's closing bell levels:

Dow 10,926.77 -225.06 (-2.02%)
S&P 500 1,173.60 -28.66 (-2.38%)
Nasdaq 2,424.25 -74.49 (-2.98%)

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Continue reading Closing Bell: Blaming Those Greeks (BP, ANN, NBG, GS, CAL, UAUA, AAPL)

Closing Bell: Blaming Those Greeks (BP, ANN, NBG, GS, CAL, UAUA, AAPL) originally appeared on BloggingStocks on Tue, 04 May 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLairlinesANNanntaylorbank of greeceBPCALgizmodogreeceGSgulf of mexicoGulfOfMexicoNBGoilsteve jobsUAUATue, 04 May 2010 16:20:00 EST<![CDATA[Closing Bell: Kicking Off Earnings Season, With a Thud (AA, MMR, EXXI, AOL, PEIX, CYCC, MNKD)]]>http://www.bloggingstocks.com/2010/01/11/closing-bell-kicking-off-earnings-season-with-a-thud-aa-mmr/http://www.bloggingstocks.com/2010/01/11/closing-bell-kicking-off-earnings-season-with-a-thud-aa-mmr/http://www.bloggingstocks.com/2010/01/11/closing-bell-kicking-off-earnings-season-with-a-thud-aa-mmr/#commentsFiled under: ,

Today is supposed the first day of earnings season, yet few of the major stocks were big movers. The markets were strong at the start and in pre-market trading, yet the gains were challenged throughout the trading day. Here were today's unofficial closing bell levels:

Dow 10,664.52 +46.33 (0.44%)
S&P 500 1,147.01 +2.03 (0.18%)
Nasdaq 2,312.41 -4.76 (-0.21%)

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Continue reading Closing Bell: Kicking Off Earnings Season, With a Thud (AA, MMR, EXXI, AOL, PEIX, CYCC, MNKD)

Closing Bell: Kicking Off Earnings Season, With a Thud (AA, MMR, EXXI, AOL, PEIX, CYCC, MNKD) originally appeared on BloggingStocks on Mon, 11 Jan 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>afresabiotechcyclacelenergy xxiEnergyXxiethanolgasgulf of mexicoGulfOfMexicoinsulinmannkindmcmoranpacific ethanolPacificEthanolMon, 11 Jan 2010 16:00:00 EST<![CDATA[A good year for oil discoveries]]>http://www.bloggingstocks.com/2009/09/24/a-good-year-for-oil-discoveries/http://www.bloggingstocks.com/2009/09/24/a-good-year-for-oil-discoveries/http://www.bloggingstocks.com/2009/09/24/a-good-year-for-oil-discoveries/#commentsFiled under: , , , , , , , , ,

oil industryThe oil industry has been working hard to find new oil reserves, and so far this year the efforts have been paying off.

It has been a year with some major discoveries that have put the oil industry in a good position to make it the year with the highest level of new discoveries since 2000.

A big reason for the increase in discoveries is improvements in technology that has allowed oil hunters to drill deeper and break through tougher rocks than they were previously able to do.

Continue reading A good year for oil discoveries

A good year for oil discoveries originally appeared on BloggingStocks on Thu, 24 Sep 2009 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AustraliafeaturedGulf of MexicoGulfOfMexicoIranIraqIsraeloiloil explorationoil pricesOilExplorationOilPricesThu, 24 Sep 2009 10:30:00 EST<![CDATA[Oil hits new record high to start off the week]]>http://www.bloggingstocks.com/2007/10/29/oil-hits-new-record-high-to-start-off-the-week/http://www.bloggingstocks.com/2007/10/29/oil-hits-new-record-high-to-start-off-the-week/http://www.bloggingstocks.com/2007/10/29/oil-hits-new-record-high-to-start-off-the-week/#commentsFiled under: , , , , ,

The week has barely gotten under way and oil has already reached new record highs. Last Friday we saw a new intraday high of $92.22, but that record was shattered today with prices moving up as high as $93.20 earlier in the session, and are currently trading up $0.97 to $92.83.

Last Friday I took a look at a look at several factors that have been pushing prices higher, and these are all still in effect, but today's move comes from a new source of supply concerns out of Mexico. Today's jump to new highs was spurred on by news that a storm in the Gulf of Mexico was forcing Petroleos Mexicanos, or Pemex, to cut back about 600,000 barrels a day worth of oil production.

Pemex announced yesterday that bad weather had already forced the oil company to cut back about 200,000 barrels of production and that another 400,000 barrel cut was on the way. The company produces on average around 3.2 million barrels a day.

Continue reading Oil hits new record high to start off the week

Oil hits new record high to start off the week originally appeared on BloggingStocks on Mon, 29 Oct 2007 09:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>crude pricesCrudePricesGulf of MexicoGulfOfMexicooiloil pricesOilPricesPemexPetroleos MexicanosPetroleosMexicanosrecord highRecordHighTropical Storm NoelTropicalStormNoelMon, 29 Oct 2007 09:00:00 EST<![CDATA[How important is Chevron's recent production in the Gulf?]]>http://www.bloggingstocks.com/2006/09/05/how-important-is-chevrons-recent-production-in-the-gulf/http://www.bloggingstocks.com/2006/09/05/how-important-is-chevrons-recent-production-in-the-gulf/http://www.bloggingstocks.com/2006/09/05/how-important-is-chevrons-recent-production-in-the-gulf/#commentsFiled under: ,

Chevron Corp (CVX) announced today that they had successfully finished a test run at their Jack field in the Gulf of Mexico. During the test, Chevron reported that they, along with partners Devon Energy Corp. and Statoil ASA, were successful in producing around 6,000 barrels a day from the company's Jack well, a five-mile-deep well in the Gulf of Mexico's lower tertiary range.

While you may be thinking that 6,000 barrels a day output is not much to be hopeful about, what this does mean is that Chevron and other big oil companies now have the motivation to put more resources to work in the area. The area in question, the lower-tertiary range, is deeper than previously-exploited fields in the Gulf, with much much older rock formations. Many companies have been fearful of exploring these areas out of concerns that the rocks in question would be too tight from which to pull oil out, without the costs being too high to justify. Well, according to Larry Nichols, Devon's chairman and chief executive, that is just not the case and the area can be developed profitably.

If the area is successfully developed, the results could be phenomenal. Estimates for the recent findings in the Gulf of Mexico's lower-tertiary range anywhere from three to fifteen billion barrels of reserve oil, although much of the area has yet to be explored at all, and the actual finding could be even higher than estimated.

Continue reading How important is Chevron's recent production in the Gulf?

How important is Chevron's recent production in the Gulf? originally appeared on BloggingStocks on Tue, 05 Sep 2006 15:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>chevronDevonGulf of MexicoGulfOfMexicooilStatoilTue, 05 Sep 2006 15:30:00 EST