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European Integrated Oils:3Q16Results Preview

Better than a dismal second quarter The positive ought to be that this reporting season should at least seesequential cash flow improvement. This highlight aside, however, we look to aclutch of quarterlies that will at best support rather t......【More】

2016-10-26

US Integrated Oils and Refiners:3Q Upstream Preview,Rigging the Outlook for Growth

3Q16 Preview: Slowly building momentum. With OPEC (potentially) reducing some of the downside risk to crude, we (aswell as corporates and the market) remain broadly positive heading into 3Qresults, with crude, natgas and activity/production......【More】

2016-10-25

Tap,Slow Restart to NA Oil Services &Equipment-Weekly Insights &Analytics:3Q Earnings on M Co

This week, we kick off 3Q16 earnings season with HAL, FTI and CLB onWednesday and SLB after the close Thursday. As we highlighted in our preview,NAM onshore completions have lagged the rig count (and investor expectations)considerably and a......【More】

2016-10-24

Oil tanker explodes in China's Hainan

HAIKOU, Oct. 20 (Xinhua) -- An oil tanker carrying 3,400 tonnes of naphtha exploded at a port in south Chinas island province of Hainan Thursday afternoon and one person remains missing, local authorities said. According to the provincial f......【More】

2016-10-21

IMF says Gulf Arab economies improve as oil prices rally

DUBAI, Oct. 19 (Xinhua) -- The fiscal pressure on the Gulf Arab countries has eased as a result of the recent rally in oil prices, a senior official from International Monetary Fund (IMF) said here Wednesday. Since spring this year, the pri......【More】

2016-10-20

Tokyo stocks drop as oil price slump dents sentiment

TOKYO, Oct. 18 (Xinhua) -- Tokyo stocks dropped from the off on Tuesday as a fall in prices for crude oil sent major bourses lower overnight and dented early sentiment here. As of 9:15 a.m., the 225-issue Nikkei Stock Average lost 31.37 poi......【More】

2016-10-19

Oil declines as OPEC members boost output, U.S. rig count gains

NEW YORK (Bloomberg) -- Oil declined as OPEC members added supply and U.S. producers increased drilling, threatening to compound a global surplus. Futures fell by as much as 1.8 percent. Libyan output expanded to 560,000 bopd, according to......【More】

2016-10-18

Newfield CEO sees cautious approach on ‘huge’ Oklahoma oil find

OKLAHOMA CITY (Bloomberg) -- Dont expect a major ramp-up of oil production in Oklahomas hot new shale plays any time soon, even as companies invest billions of dollars in the region, said Newfield Exploration Co.s CEO. Producers need more e......【More】

2016-10-17

RSP to pay $2.4 billion for Permian oil driller Silver Hill

CHICAGO (Bloomberg) -- RSP Permian Inc. agreed to pay $2.4 billion in cash and stock for Silver Hill Energy Partners amid increasing competition for drilling rights in the biggest U.S. oil field. RSP plans to finance the transaction with $1......【More】

2016-10-14

Shell North Sea sale said to draw Ineos, Siccar Point bids

LONDON (Bloomberg) -- Royal Dutch Shell has invited binding bids from parties including Ineos AG and Blackstone Group LP-backed Siccar Point Energy for the sale of some of its UK North Sea assets worth about $2 billion, according to people......【More】

2016-10-13