• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 20 hours Could Venezuela become a net oil importer?
  • 1 hour Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 54 mins Oil prices going Up? NO!
  • 23 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 20 hours Gazprom Exports to EU Hit Record
  • 21 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 19 hours Could oil demand collapse rapidly? Yup, sure could.
  • 19 hours Oil Buyers Club
  • 1 day Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 23 hours Why is permian oil "locked in" when refineries abound?
  • 13 hours Oil prices going down
  • 23 hours EVs Could Help Coal Demand
  • 18 hours Saudi Arabia turns to solar
  • 11 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 day China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 6 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
Alt Text

EIA: Gulf Of Mexico Oil And Gas Production Remains Strong

Though the EIA predictions continuous…

Alt Text

Can Oil Pull Greece Out Of Poverty?

Greece’s withering economy could use…

Alt Text

China’s Oil Demand Could Take A Big Hit

In the last three years…

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trending Discussions

Don’t Be Disappointed By The Short Term

A melange of energy topics to cover this week, including a quick wrap-up of earning and an update on a trade I suggested on January 28.

First, quarterly earnings for energy brought almost exactly what we might have imagined – at least as far as earnings were concerned: Everybody reported a year over year decline in revenues and either missed or beat expected earnings by a small margin. But that wasn’t the important story. What was important were the other additional financial moves by many energy companies and the general outlook from CEO’s on conference calls: BP CEO Bob Dudley’s pessimism of possibly $10 oil and a very long recovery cycle was the worst, but by no means the outside viewpoint from oil execs. Exxon-Mobil’s Rex Tillerson was circumspect about any acquisitions they might make in the near future; this after practically telegraphing a buy of some kind in US oil shale last quarter. From my perch, it’s a wondrous and wonderful turnaround from the “keep calm and frack on” sangfroid of little over 5 months ago. When no one was worried, you were right to be cautious. Now that everyone’s worried, I’m more convinced than ever that the bottom will be seen in 2016.

Meanwhile, extreme panicked moves financially were taken by the large and mega caps, including secondaries from Hess (HES) and Devon (DVN) and a dividend cut from Conoco-Philips (COP). Each of these must be taken separately in their wisdom,…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News