Oklahoma production data shocks oil market

“Shocking” data from Oklahoma may be moving the oil market this week as much as the shouting between Saudi Arabia and Iran, WSJ‘s Nicole Friedman reports. First, data released Thursday showed that while U.S. oil production is falling, overall output is higher than previously reported; new reporting methodology prompted the EIA to revise its production data higher for …

Prospects For The Oil Market – What Is Market Structure Telling Us As We Head Into 2016?

Summary Market close to December 2008 lows. Term structure. Refining spreads. Quality/location spreads. Divergence with XLE. It has been a rough year for the energy markets in 2015. Crude oil opened in January of this year at over $50 per barrel on the active month NYMEX crude oil futures contract. There was some wild volatility …

E&P Stocks: The ‘Bottom Of The Barrel’ Club

Summary Since mid-2014, E&P stocks have suffered extreme punishment in the market. Many companies’ prices make them penny stocks, and many more have debt levels which make their equity contribution minimal. The author identifies a group of 33 E&P stocks which the market appears to believe are the “Bottom of the Barrel.” Market capitalizations, debt …

Oil’s Big Players Line Up for $30 Billion of Projects in Iran

OSLO—The International Energy Agency’s executive director said Monday that global oil and gas investments were expected to drop in 2015 and 2016, marking the first two-year spending decline in decades, and he warned of the long-term impact on supply. “We have never seen this in the last 30 years, two consecutive years of investment decline,” …