• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 49 mins Science: Only correct if it fits the popular narrative
  • 53 mins Crazy Stories From Round The World
  • 9 hours What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 7 hours China's Renewables Boom Hits the Wall
  • 14 hours EU has already lost the Trump vs. EU Trade War
  • 1 day Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 1 day ''Err ... but Trump ...?'' *sniff
  • 8 hours Do The World's Energy Policies Make Sense?
  • 8 hours Forget out-of-date 'dirty oil' smear, Alberta moving to be world's cleanest oil industry
  • 45 mins Impeachment Nonsense
  • 1 day Tesla Launches Faster Third Generation Supercharger
  • 13 hours Water, Trump, and Israel’s National Security
  • 2 days Passerby doused with flammable liquid and set on fire by peaceful protesters

Breaking News:

Russia Plans To Boost Crude Oil Exports

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

How Exxon’s Bad Year Impacts Other Majors

Guyana

You can’t help but look at the diving stock market averages this week – and the follow-up rallies – when you’re looking at oil and oil stocks. In the oil world, we don’t live in a vacuum, and any major move in the indexes will obviously affect oil as well.

But as oil investors, these are the most important points to consider: The stock market gyrations almost perfectly coincided with the start of oil earnings reports from the majors for the 4th quarter of 2017. Concurrently, the dollar set off on a technical rally higher from very low levels. Both of these factors added to the dropping S&P’s negative effect on oil stocks – just as it seemed that the energy sector was going to deliver some well-deserved ‘catch-up’ gains compared to the rest of the market.

Instead, it seems like our patience will again be tested with oil stocks.

But we must remember that fundamentals remain firmly in place – continued re-balancing of global stockpiles, adherence to OPEC/Russian production limits and huge global demand growth. All of these factors cannot be denied and lead one to consider this dip in oil stock prices to be just another terrific opportunity to buy.

The 4th quarter reporting of the Majors this week added to our possibilities:

Exxon-Mobil (XOM) is the largest and by far the most watched of the mega-cap majors. And there is no other way to say it, but their 4Q report really stunk up the…




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