Structuring A Trade For The Top Of The Channel
For any trader, a perfect and clear chart pattern is a wonderful thing to behold. Even those like me who understand that technical and chart analysis has its limitations and…
Bullishness Is Back In The Oil Patch
Friday July 28, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
Global Energy Advisory 28th July 2017
Nigeria, exempt from OPEC’s oil output cut deal, has agreed to stop ramping up its production once it hits 1.8 million barrels per day. A milestone that is nearing, with…
Does This Oil Price Rally Have Legs?
U.S West Texas Intermediate and international-benchmark Brent crude oil futures were trading near an 8-week high as of early Friday after posting four straight sessions of higher closes. Support continued…
Can Oil Continue To Rally?
– WTI registered its best week of the year on strong fundamental data, OPEC progress and currency tailwinds. The physical market is showing signs of health with sharp inventory draws…
Is This Oil Price Rally Sustainable?
Oil prices have recovered as a result of a flurry of bullish catalysts, and while most oil majors see earnings improve, upstream investments are falling. (Click to enlarge) (Click to…
Chevron Back In Black, But Misses Q2 Profit Estimate
As expected, Chevron Corporation (NYSE:CVX) returned to a net profit in the second quarter, driven by lower expenses and higher production, but the earnings per share of US$0.77 fell short…
Pace Of US Oil Rig Count Growth Slows As Prices Climb
The number of active oil rigs in the United States rose this week by 2 rigs showing a growth—albeit a slower one—in oil drilling as US players proceed more cautiously…