Presented with one comment... Di(e)Vergence? Stocks vs Macro Data - too snowy, too droughty; closed ports, lower oil prices... any more excuses? Macro data - already drastically revised lower - continues to disappoint on a scale notShow More Summary
The oil price decline is prompting a rethink in terms of process efficiencies and adoption of IT services management across the energy spectrum, including the slower movers at big oil firms. Envision a centralized single IT platform combining the execution of tasks as diverse as scheduling of rig maintenance, deployment [...]
DALLAS — For airlines, the record profits keep coming, thanks to cheaper jet fuel. Like motorists, airlines have been saving money at the pump since oil prices began plunging last summer. Even with a recent increase, the spot price of jet fuel is down 40% since September. Show More Summary
The good news is very nice: mortgage rates are stable near 3.75 percent, sales of existing homes have risen 10.4 percent in the last year, and sales of new ones have soared 19 percent. Even the poor news is good: a softer-than-expected economy is holding the Fed at bay...
Economic Forecasters It's often said that you can't get economists to agree on anything. Well oil economists certainly can't agree on future prices with commentators suggesting anything from $20 to $200. Seldom has there been such a discrepancy in forecasting though the median forecasts seem to be somewhere between $60 and $70. Show More Summary
From economists at Nomura: US Q1 GDP: It will likely show that final sales barely grew, but April data should be better.Adverse weather conditions, West Coast port disruptions, the stronger dollar and the decline in crude oil prices all likely hurt economic activity in Q1 2015. Show More Summary
But low oil prices are supposed to be unequivocally good? On the day when Ford lays off 700 Michigan plant workers in small cars and hybrids manufacturing, The Detroit News reports that, according to Edmunds.com, sales of electric cars and hybrids are at the lowest level since 2011. Show More Summary
I have very bad news about oil prices. In the foreseeable future, their most likely trajectory is… volatile. That is right, bullish and bearish oil price narratives will be proven to be unsatisfactory and overly simplistic. The best bet would be to invest in volatility plays.
The start of Norway's 2.3 billion barrel Johan Sverdrup oil field may be delayed and costs could exceed forecasts but the project could break even at about half of the current oil price, authorities said on Friday. The post Norway’s Giant Johan Sverdrup Could Face Delays, Cost Overruns appeared first on gCaptain Maritime & Offshore News.
Canada's economy will start to show more positive effects from the drop in oil prices than negatives from the second quarter onwards, Bank of Canada Governor Stephen Poloz said on Friday.
Submitted by Leonard Brecken via OilPrice.com, The recent unprecedented surge in oil imports has again prompted a review of things here. In a prior story, we wrote that the lack of capacity to process light sweet crude at refineries produced via shale plays could be playing a role in the stock build. Show More Summary
Two of Wall Street’s most revered giants -- Credit Suisse and Bank of America Merrill Lynch -- are recommending investors buy oil and gas stocks now. They believe oil prices have bottomed as producers scaled back output significantly and when analysts are overwhelming bearish, the stock market tends to go against the crowd.
Lower oil prices lead to sharp drop in state-owned giant's first-quarter revenue.
In its recently released Annual Energy Outlook 2015, the EIA expects United States crude oil production to rise through the year 2020 as oil prices recover from their steep decline, reducing net petroleum (crude oil and petroleum products) imports. read more
Resource stocks rally boosts local market after iron ore and crude oil prices jump.
The price movements of iron ore and oil illustrate how leveraged those commodities are to positive events, no matter how slight.
Mining, energy stocks pull local market higher after bounce in iron ore and oil prices.
The Nasdaq hit a 15-year high as tech stocks helped spur Wall Street, while European markets were mixed and oil prices rallied.
Crude prices surge as investors eye new supply concerns in the crude-rich Middle East.
Last month Maritime Reporter spent some time with Vivek Seth, CEO, of Qatar-based Halul Offshore Services Company, for his insights on the impact of low oil prices in the Middle East and beyond.