OilPrices posts
FeedPosted Mar 10th 2011 10:00AM by Trefis (RSS feed)
Filed under: International Markets, Exxon Mobil (XOM), Chevron Corp (CVX), ConocoPhillips (COP), Oil
Exxon Mobil (
XOM) is a leading independent oil and gas exploration and production company; it competes with other major oil companies like Anadarko (
APC), BP (
BP), Chevron (
CVX) and ConocoPhillips (
COP).
The recent political turmoil in Tunisia, Egypt, and Libya, which is slowly spreading to other Middle Eastern and North African countries is likely to have an impact on Exxon Mobil's production capacity. This is because the company derives the majority of its revenues from production of crude oil and natural gas liquids (NGLs), and the Middle East and North Africa regions account for a sizable portion of its portfolio.
Continue reading Rising Costs and Political Tensions Could Weigh on Exxon Mobil
Posted Feb 18th 2010 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Commodities, Oil
Oil's latest lurch higher -- it rose $1.61 to $78.94 per barrel Thursday -- has an upside and a downside.
The upside? Traders are bidding-up oil amid increasing signs that the U.S. economic recovery is strengthening. You read correctly: a
strengthening U.S. economy. In particular, manufacturing, so hard hit by the 2007-2009 recession, is showing signs of not only adding employees in the sector, but to also contributing substantially to U.S. GDP growth. Second, exports continue to trend higher. If each trend continues, the U.S. economy will likely grow more than 3% this year, and job growth will resume.
Continue reading Oil Lurches Toward $80, and Beyond ...
Posted Jan 28th 2010 10:00AM by Mark Fightmaster (RSS feed)
Filed under: Economic Data, Financial Crisis
Last night was President Obama's first State of the Union address. Already, the
oil market is benefiting from the speech, as it gave a sense of optimism for the economy, according to some analysts. That is, if you can call a 23-cent jump in futures a benefit.
The speech stressed job creation and the belief that the worst of the economic crisis is over, which has trickled over to investors (and who said trickle-down economics don't work?). Combine last night's Presidential address with the Federal Reserve's decision to leave
monetary policy unchanged and you have the makings of a temporary bump for the market.
Continue reading Oil Futures Up on Obama's State of the Union Address
Posted Nov 24th 2009 11:30AM by Joseph Lazzaro (RSS feed)
Filed under: Anadarko Petroleum (APC), Stocks to Buy
So much for oil plummeting to $30 per barrel on a supply glut. The price of oil, the world's most vital commodity, is currently largely divorced from supply/demand fundamentals, and that's one reason I'm reiterating my buy rating for oil/natural gas company Anadarko Petroleum Corp. (APC), first recommended on May 14, 2009. at a price of $43.55. If you bought APC in May, you're up about 45%.
Look for APC to post a 2% to 4% production increase in FY2009, followed by a 4% to 5% rise in FY2010. Further, institutional investors are looking past this year's likely bottom-line loss, and toward better quarters in FY2010 -- which is a major reason Anadarko's stock is up substantially since May.
Continue reading Anadarko: Well-positioned for the oil/natural gas boom
Posted Sep 29th 2009 5:00PM by Michael Fowlkes (RSS feed)
Filed under: International Markets, Forecasts, Consumer Experience, Middle East, Market Matters, Money and Finance Today, Oil, Israel, Recession, Financial Crisis
Oil prices
dropped a bit today, as investors weigh news that consumer confidence took a hit in September.
Today's move was not a sizable one, but further evidence that investors are concerned over just how strong the current economic recovery really is. News came out today that
consumer confidence is down in September as more Americans are concerned over the weak job market.
Continue reading Oil prices fall as consumer confidence drops
Posted Sep 24th 2009 3:20PM by John Jagerson (RSS feed)
Filed under: Commodities
Commodities in general and oil and gold specifically are considered a good hedge against inflation, a weak dollar and flat trending stocks. However, these markets can also be very volatile as oil and gold traders are finding out this week.
Oil inventories are up (not good for prices) and demand from refineries is down, which has put some additional downside pressure on the commodity. A stronger dollar the last two days has compounded oil's problems and sent prices below $67 a barrel.
Continue reading Oil and gold drop fast as the dollar gains
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