According to a recent report by the Joint Organisations Data Initiative, Russia edged out Saudi Arabia as the world’s largest oil producer in December. That was the first time the Russians had come out on top since March. Meanwhile, preliminary data compiled by Bloomberg for January showed an even wider gap between the two as Russian output appears to have come in well ahead of that of its....More>>>
Source: ThinkstockMarch 13, 2018: The S&P 500 closed down 0.6% at 2,765.24. The DJIA closed down 0.7% at 25,006.89. Separately, the Nasdaq was down 1.0% at 7,511.01.
Tuesday was a down day for the broad U.S. markets. At first all three major indices started out positive, but over the course of the day each one turned south. Again, most of this selloff came at the end of the day. The S&P....More>>>
The commodity bear market, especially in oil, ended in 2016. The typical commodity bear market ends when prices collapse so much that production and new investment decline enough to reduce the supply coming on to the market, observes Bob Carlson, editor of Retirement Watch.
That happened in 2016. The outlook for oil and energy prices improved in late 2016 when OPEC and other oil-producing....More>>>
As a service to our readers, we’ve put together a list of 10 cheap oil stocks under $5. Here are the stocks, share prices, and year-to-date (YTD) returns for each:
Vallourec Sp (OTCMKTS ADR: VLOWY); $1.42; +13.6% YTDIthaca Energy Inc. (TSE: IAE); $1.93; +14.5% YTDSandRidge Permian Trust (NYSE: PER); $3.45; +16.95% YTDGeopark Ltd. (NYSE: GPRK); $5.06; +17.4% YTDGastar Exploration....More>>>
Kinder Morgan’s (KMI) Tall Cotton Project is a “greenfield” enhanced oil recovery project, wherein CO2 is injected into a residual oil zone (ROZ) in the San Andres Formation. The project is located in western Gaines County, Texas, about 14.4 miles northwest of Seminole.
Figure 1: Tall Cotton Area Map
The term “greenfield” is used....More>>>