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The count of U.S. active drilling rigs falls by 1 to 802, but it was enough for the sixth straight drop in the latest Baker Hughes weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Energy stocks news...
EIA Petroleum Inventories: Crude +1.6M barrels vs. -0.42M consensus, +1.4M last week. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, ProShares Trust II - ProShares Ultra Bloomberg Crude Oil, News on the U.S. economy, Energy stocks new...
US shale producers are cutting spending for the second year in a row. That raises questions about shale's medium- to long-term resilience as it struggles with sustaining the key WTI breakeven point of $50 per barrel. The oil industry used to believe that shale fracking was profitable at well...
By Scott Bauer More than 55 million travelers have made plans to travel 50 or more miles away from home this Thanksgiving. According to AAA, 2019 will be the second-highest Thanksgiving travel volume on record. But the market never rests, even as we approach the holiday season. The Ameri...
While it's supposed to be "The Most Wonderful Time of the Year," things have been anything but wonderful in the energy sector, including midstream. The Alerian MLP Infrastructure Index (AMZI) hit lows last week on par with levels seen in February 2016 when WTI crude hit a relative bottom at ...
The American Petroleum Institute reportedly shows a build of 3.64M barrels of oil for the week ending Nov. 22. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN, Energy stocks news, Commodities news, New...
Oil services companies' fees for services and equity values have always been cyclical as oil market conditions ebb and flow. But this time, they are in a secular decline. "The oilfield services industry has fundamentally changed. Companies will no longer be able to generate the high operating ...
Welcome to the global crude edition of Oil Markets Daily! Refining margins are getting obliterated. Tanker rates shot up again last week and refinery run cuts are now expected. So the question becomes, why are physical crude spreads so tight? Brent 1-2 Refining Margins Source...
We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here , but we're now back to looking at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of November 15, 2019. EIA reported a fourth consecutive build this week to the tune...
In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 56.43s as support. In a tale of two ...
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Nineteen enhancements launched to help brands increase orders, streamline operations, and improve guest experiences Olo Inc. (NYSE:OLO), a leading restaurant technology provider, today announced Loyalty for Borderless Accounts, a new feature that allows guests to earn, redeem, and u...
Olo Inc. (NYSE: OLO), a leading restaurant technology provider, today announced that it will report its second quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, July 31, 2024. In conjunction with this announcement, Olo will host a conference call ...