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[Rising Costs and Political Tensions Could Weigh on Exxon Mobil]]>http://www.bloggingstocks.com/2011/03/10/exxon-mobil-middle-east-crisis/http://www.bloggingstocks.com/2011/03/10/exxon-mobil-middle-east-crisis/http://www.bloggingstocks.com/2011/03/10/exxon-mobil-middle-east-crisis/#commentsFiled under: , , , ,

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

Rising Costs and Political Tensions Could Weigh on Exxon Mobil originally appeared on BloggingStocks on Thu, 10 Mar 2011 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AnadarkoBpChevronConocoPhillipscrude oilcrude pricesEgyptfeaturedLibyamiddle eastmideast protestsoilOilPricesTunisiaThu, 10 Mar 2011 10:00:00 EST<![CDATA[Oil Closes Above $80]]>http://www.bloggingstocks.com/2010/03/03/oil-closes-above-80/http://www.bloggingstocks.com/2010/03/03/oil-closes-above-80/http://www.bloggingstocks.com/2010/03/03/oil-closes-above-80/#commentsFiled under: , , , ,

rising oil pricesOver the past week, oil prices have been flirting with the psychological $80 barrier, and they were finally able to settle above $80 Wednesday. Oil traded up $1.26 a barrel to $80.94.

Earlier today, we got the weekly inventory report from the Department of Energy, which showed a greater-than-expected jump in reserves last week. The report showed that oil inventories grew by four million barrels, which was well above the one-million-barrel increase that analysts had forecast.

Continue reading Oil Closes Above $80

Oil Closes Above $80 originally appeared on BloggingStocks on Wed, 03 Mar 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>80 oil80OilAutomatic Data ProcessingAutomaticDataProcessingcurrenciescurrencydollaremploymenteurointhenewsjob lossesJobLossesjobslaboroiloil pricesOilPricesWed, 03 Mar 2010 17:30:00 EST<![CDATA[Oil Lurches Toward $80, and Beyond ...]]>http://www.bloggingstocks.com/2010/02/18/oil-lurches-toward-80-and-beyond/http://www.bloggingstocks.com/2010/02/18/oil-lurches-toward-80-and-beyond/http://www.bloggingstocks.com/2010/02/18/oil-lurches-toward-80-and-beyond/#commentsFiled under: ,

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 ...

Oil Lurches Toward $80, and Beyond ... originally appeared on BloggingStocks on Thu, 18 Feb 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economygasoline pricesmanufacturingoil pricesOilPricesThu, 18 Feb 2010 17:00:00 EST<![CDATA[Oil Pops $3 to $77 on Strong Manufacturing Data, Weaker Dollar]]>http://www.bloggingstocks.com/2010/02/16/oil-pops-3-to-77-on-strong-manufacturing-data-weaker-dollar/http://www.bloggingstocks.com/2010/02/16/oil-pops-3-to-77-on-strong-manufacturing-data-weaker-dollar/http://www.bloggingstocks.com/2010/02/16/oil-pops-3-to-77-on-strong-manufacturing-data-weaker-dollar/#commentsFiled under:

There's talk that sluggish global oil demand will persist into the summer of 2010 and weigh on oil prices, but don't tell that to oil traders. Oil surged $3 to $77.13 per barrel on Tuesday at mid-day.

Tuesday's catalysts? A better-than-expected February Empire State Manufacturing Index, which jumped 9 points to 24.91, well above the Bloomberg survey estimate of 18. Further, a weaker dollar aided oil's rally, with the buck weakening 1.6 cents versus the euro to $1.3763, amid moderating concern over the Greek debt crisis.

Continue reading Oil Pops $3 to $77 on Strong Manufacturing Data, Weaker Dollar

Oil Pops $3 to $77 on Strong Manufacturing Data, Weaker Dollar originally appeared on BloggingStocks on Tue, 16 Feb 2010 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoline pricesGasolinePricesinthenewsoil pricesOilPricesTue, 16 Feb 2010 15:40:00 EST<![CDATA[Oil Futures Up on Obama's State of the Union Address]]>http://www.bloggingstocks.com/2010/01/28/oil-futures-up-on-obamas-state-of-the-union-address/http://www.bloggingstocks.com/2010/01/28/oil-futures-up-on-obamas-state-of-the-union-address/http://www.bloggingstocks.com/2010/01/28/oil-futures-up-on-obamas-state-of-the-union-address/#commentsFiled under: ,

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

Oil Futures Up on Obama's State of the Union Address originally appeared on BloggingStocks on Thu, 28 Jan 2010 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economic recoveryEconomicRecoveryinthenewsoiloil futuresoil pricesOilFuturesOilPricesPresident ObamaPresidentObamaState of the UnionStateOfTheUnionThu, 28 Jan 2010 10:00:00 EST<![CDATA[Inventory Report Pushes Oil Lower]]>http://www.bloggingstocks.com/2010/01/14/inventory-report-pushes-oil-lower/http://www.bloggingstocks.com/2010/01/14/inventory-report-pushes-oil-lower/http://www.bloggingstocks.com/2010/01/14/inventory-report-pushes-oil-lower/#commentsFiled under: , ,

falling oil pricesOil prices traded lower Wednesday following an inventory report from the Department of Energy that showed a larger than expected increase in oil reserves last week.

Analysts had been expecting oil supplies to increase by roughly 1.9 million barrels, but were surprised to see the actual increase a much higher at 3.7 million barrels.

Following the unexpected rise in inventories, oil moved lower on the day and closed a bit under the psychological $80 barrier at $79.60. On Thursday oil prices crawled up to near $80 a barrel.

Continue reading Inventory Report Pushes Oil Lower

Inventory Report Pushes Oil Lower originally appeared on BloggingStocks on Thu, 14 Jan 2010 09:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>commoditiescrudefeaturedoiloil inventoriesoil pricesOilInventoriesOilPricesThu, 14 Jan 2010 09:40:00 EST<![CDATA[Oil Rises on Anticipation of Cold Weather]]>http://www.bloggingstocks.com/2009/12/28/oil-rises-on-anticipation-of-cold-weather/http://www.bloggingstocks.com/2009/12/28/oil-rises-on-anticipation-of-cold-weather/http://www.bloggingstocks.com/2009/12/28/oil-rises-on-anticipation-of-cold-weather/#commentsFiled under: , ,

oil pricesOil prices are moving higher today, as investors look to weather forecasts that predict colder than normal weather coming over the next week.

According to a report from Weather Derivatives, heating fuel consumption will most likely rise by about 6.7% over the next seven days as cold weather continues to sweep across the nation.

Continue reading Oil Rises on Anticipation of Cold Weather

Oil Rises on Anticipation of Cold Weather originally appeared on BloggingStocks on Mon, 28 Dec 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economic recoveryEconomicRecoveryenergyfeaturedheating fuelsHeatingFuelsoiloil pricesOilPriceswinter weatherWinterWeatherMon, 28 Dec 2009 09:30:00 EST<![CDATA[Oil prices move higher following bullish inventory report, Iranian missile test]]>http://www.bloggingstocks.com/2009/12/16/oil-prices-move-higher-following-bullish-inventory-report-irani/http://www.bloggingstocks.com/2009/12/16/oil-prices-move-higher-following-bullish-inventory-report-irani/http://www.bloggingstocks.com/2009/12/16/oil-prices-move-higher-following-bullish-inventory-report-irani/#commentsFiled under: , , , ,

oil inventory reportOil prices have been on the rise today, following a government report that showed inventories fell more than expected last week.

Going into today's inventory report, analysts had been expecting to hear that oil inventories shrank by around 2 million barrels last week, but according the the Department of Energy the actual draw was much steeper at 3.7 million barrels.

Continue reading Oil prices move higher following bullish inventory report, Iranian missile test

Oil prices move higher following bullish inventory report, Iranian missile test originally appeared on BloggingStocks on Wed, 16 Dec 2009 16:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bulgariaenergyheatinginventoriesiranmissile testmissilesMissileTestnuclearoiloil demandoil pricesOilDemandOilPricesromaniawinterWed, 16 Dec 2009 16:45:00 EST<![CDATA[Oil prices head higher on Iranian controversy]]>http://www.bloggingstocks.com/2009/11/30/oil-prices-head-higher-on-iranian-controversy/http://www.bloggingstocks.com/2009/11/30/oil-prices-head-higher-on-iranian-controversy/http://www.bloggingstocks.com/2009/11/30/oil-prices-head-higher-on-iranian-controversy/#commentsFiled under: , , , ,

IranIt seems like almost every day Iran is in the news, and today is no different. Oil prices have moved higher after reports that Iranian naval vessels had stopped a racing yacht with 5 U.K. nationals aboard.

Oil is up $1.30 a barrel to $77.35, and traded up as high as $78.00 earlier in the day.

Continue reading Oil prices head higher on Iranian controversy

Oil prices head higher on Iranian controversy originally appeared on BloggingStocks on Mon, 30 Nov 2009 17:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bahrainbritiandavid milibandDavidMilibanddubaiIranoiloil pricesOilPricesU.K.Mon, 30 Nov 2009 17:20:00 EST<![CDATA[Anadarko: Well-positioned for the oil/natural gas boom]]>http://www.bloggingstocks.com/2009/11/24/anadarko-well-positioned-for-the-oil-natural-gas-boom/http://www.bloggingstocks.com/2009/11/24/anadarko-well-positioned-for-the-oil-natural-gas-boom/http://www.bloggingstocks.com/2009/11/24/anadarko-well-positioned-for-the-oil-natural-gas-boom/#commentsFiled under: ,

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

Anadarko: Well-positioned for the oil/natural gas boom originally appeared on BloggingStocks on Tue, 24 Nov 2009 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AnadarkoAPCoil pricesoil stocksOilPricesOilStocksTue, 24 Nov 2009 11:30:00 EST<![CDATA[Oil hits 6 week high]]>http://www.bloggingstocks.com/2009/10/12/oil-hits-6-week-high/http://www.bloggingstocks.com/2009/10/12/oil-hits-6-week-high/http://www.bloggingstocks.com/2009/10/12/oil-hits-6-week-high/#commentsFiled under: , , , , , ,

oil pricesOil prices hit a 6 week high today, as cold weather gripped most of the country.

Over the weekend the nation was hit with a cold front that reminded oil traders that the high demand winter season is on its way, and could help reduce a lot of the oversupply that the market is currently looking at.

Continue reading Oil hits 6 week high

Oil hits 6 week high originally appeared on BloggingStocks on Mon, 12 Oct 2009 15:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsfeaturedforecastsheating oilHeatingOilhillary clintonHillaryClintonIEAnorth koreaNorthKoreaoiloil demandoil pricesOilDemandOilPricesrecessionweatherMon, 12 Oct 2009 15:50:00 EST<![CDATA[T. Boone Pickens sees average oil price above $80 in 2010 ]]>http://www.bloggingstocks.com/2009/10/06/t-boone-pickens-sees-average-oil-price-above-80-in-2010/http://www.bloggingstocks.com/2009/10/06/t-boone-pickens-sees-average-oil-price-above-80-in-2010/http://www.bloggingstocks.com/2009/10/06/t-boone-pickens-sees-average-oil-price-above-80-in-2010/#commentsFiled under: ,

Energy/oil billionaire T. Boone Pickens wants those investors who are expecting oil's price to drop amid an oil supply glut to know they are likely to be on the wrong side of history, and fairly soon.

Pickens Tuesday reiterated his forecast that oil prices will pass $75 per barrel before the end of 2009, and move considerably higher in 2010, CNBC reported.

Continue reading T. Boone Pickens sees average oil price above $80 in 2010

T. Boone Pickens sees average oil price above $80 in 2010 originally appeared on BloggingStocks on Tue, 06 Oct 2009 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Boone PickensBoonePickensinthenewsoil pricesOilPricesT. Boone PickensT.BoonePickensTue, 06 Oct 2009 13:20:00 EST<![CDATA[Oil rises despite increased inventories]]>http://www.bloggingstocks.com/2009/09/30/oil-rises-despite-increased-inventories/http://www.bloggingstocks.com/2009/09/30/oil-rises-despite-increased-inventories/http://www.bloggingstocks.com/2009/09/30/oil-rises-despite-increased-inventories/#commentsFiled under: , , , , , ,

oil pricesOil prices have risen sharply today, despite news that oil inventories rose more than expected last week.

Traders pushed oil up $2.92 a barrel Tuesday to $69.63 even though oil inventories rose by 2.8 million barrels last week verse analyst estimates for a rise of 2.1 million barrels.

Continue reading Oil rises despite increased inventories

Oil rises despite increased inventories originally appeared on BloggingStocks on Wed, 30 Sep 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economygasgasolineGDPinthenewsinventoriesIranoiloil pricesOilPricespoliticsrecessionWed, 30 Sep 2009 17:00:00 EST<![CDATA[Oil prices fall as consumer confidence drops]]>http://www.bloggingstocks.com/2009/09/29/oil-prices-fall-as-consumer-confidence-drops/http://www.bloggingstocks.com/2009/09/29/oil-prices-fall-as-consumer-confidence-drops/http://www.bloggingstocks.com/2009/09/29/oil-prices-fall-as-consumer-confidence-drops/#commentsFiled under: , , , , , , , , ,

falling oil pricesOil 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

Oil prices fall as consumer confidence drops originally appeared on BloggingStocks on Tue, 29 Sep 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>consumer confidenceConsumerConfidenceIranisraeloiloil pricesoil suppliesOilPricesOilSuppliesunemploymentTue, 29 Sep 2009 17:00:00 EST<![CDATA[Oil and gold drop fast as the dollar gains]]>http://www.bloggingstocks.com/2009/09/24/oil-and-gold-drop-fast-as-the-dollar-gains/http://www.bloggingstocks.com/2009/09/24/oil-and-gold-drop-fast-as-the-dollar-gains/http://www.bloggingstocks.com/2009/09/24/oil-and-gold-drop-fast-as-the-dollar-gains/#commentsFiled under:

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

Oil and gold drop fast as the dollar gains originally appeared on BloggingStocks on Thu, 24 Sep 2009 15:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollargoldoil pricesOilPricesThu, 24 Sep 2009 15:20:00 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 prices fall on inventory report]]>http://www.bloggingstocks.com/2009/09/23/oil-prices-fall-on-inventory-report/http://www.bloggingstocks.com/2009/09/23/oil-prices-fall-on-inventory-report/http://www.bloggingstocks.com/2009/09/23/oil-prices-fall-on-inventory-report/#commentsFiled under: , , , , , , ,

Falling oil pricesTraders are selling oil off today after a government report that showed inventories rose last week.

Going into this week's inventory report from the Energy Information Administration, analysts had been expecting to see oil inventory drop by around 2.25 million barrels. What today's report actually showed though was an increase last week by 2.8 million barrels.

Continue reading Oil prices fall on inventory report

Oil prices fall on inventory report originally appeared on BloggingStocks on Wed, 23 Sep 2009 14:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>federal reserveFederalReservegas pricesgasolineGasPricesoiloil pricesOilPricesWed, 23 Sep 2009 14:20:00 EST<![CDATA[Oil makes strong move on weak dollar]]>http://www.bloggingstocks.com/2009/09/08/oil-makes-strong-move-on-weak-dollar/http://www.bloggingstocks.com/2009/09/08/oil-makes-strong-move-on-weak-dollar/http://www.bloggingstocks.com/2009/09/08/oil-makes-strong-move-on-weak-dollar/#commentsFiled under: , , , , ,

rising oil pricesOil traders have been flocking into the precious crude today as the U.S. dollar fell to a new yearly low against the euro.

Oil prices have passed through the psychological $70 barrier, and continued to move higher, currently trading up $3.12 on the day to $71.14. Oil is not the only commodity that has been moving higher, as gold prices moved through the $1,000 mark for the first time since this past February.

Continue reading Oil makes strong move on weak dollar

Oil makes strong move on weak dollar originally appeared on BloggingStocks on Tue, 08 Sep 2009 15:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollareurogoldinflationinthenewsoiloil pricesOilPricesOPECTue, 08 Sep 2009 15:20:00 EST<![CDATA[Chinese sell-off spooks oil traders]]>http://www.bloggingstocks.com/2009/08/31/chinese-sell-off-spooks-oil-traders/http://www.bloggingstocks.com/2009/08/31/chinese-sell-off-spooks-oil-traders/http://www.bloggingstocks.com/2009/08/31/chinese-sell-off-spooks-oil-traders/#commentsFiled under: , , , , , , , , , ,

chinese sell off spooks oil investorsOil traders have been selling off the precious crude Monday, as a steep sell-off of China's benchmark index raised concerns over the current state of both the Chinese and U.S. economies.

The Chinese Shanghai Composite Index took a beating to start off the week, trading down 6.74%, and raised fresh concerns over a global economic rebound. Today's sell off in the Chinese market was its biggest decline since June of 2008. The sell-off comes on the heels of a near 3% drop in the index last Friday.

Continue reading Chinese sell-off spooks oil traders

Chinese sell-off spooks oil traders originally appeared on BloggingStocks on Mon, 31 Aug 2009 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ChinaJapanoiloil pricesOilPricesOPECrecessionrecoveryShanghaishanghai compositeShanghaiCompositestimulusMon, 31 Aug 2009 15:00:00 EST<![CDATA[Where is oil headed, short-term? Up]]>http://www.bloggingstocks.com/2009/08/24/wheres-oil-headed-short-term-up/http://www.bloggingstocks.com/2009/08/24/wheres-oil-headed-short-term-up/http://www.bloggingstocks.com/2009/08/24/wheres-oil-headed-short-term-up/#commentsFiled under: ,

Where does oil head from here? Well, short-term it heads up, but the price rise will have little to do with supply/demand fundamentals.

The world is awash in oil -- with storage tanks brimming -- but it doesn't matter. Once again, oil, the world's most important commodity, is taking on additional roles -- this time as a fiat currency, or substitute for the weak dollar.

Continue reading Where is oil headed, short-term? Up

Where is oil headed, short-term? Up originally appeared on BloggingStocks on Mon, 24 Aug 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredoil pricesOilPricesMon, 24 Aug 2009 10:00:00 EST