US Rig Count Climbs on Oil Rig Gains
For the week ending 09/Aug, the US rig count rose by 2 to 588, driven by a 3-rig increase in oil rigs, while gas rigs fell by 1. US crude output...
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[ETP 32/2024] Oil Prices Rebound; Occidental, Exxon, and Aramco Beat Earnings Estimates
US crude inventory falls. Nat-gas inventory up YoY. Oxy beats Q2 EPS estimates by 32%. XOM & Aramco beat forecasts. WTI IVs soared to YTD high of...
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Oil and Gas Weather Black Monday Storm Relatively Unscathed
Crude oil prices dipped on Monday but outperformed other commodities and equities. Rising Middle East tensions, Libya oil field shutdown, and DXY...
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Oil & Gas Giants Hit by Recession-Driven Sell-Off but Outperform the S&P 500
Energy stocks outperformed the S&P 500 on Monday despite a drop in crude oil prices, with elevated volume PCR and rising IV for most oil & gas...
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Drop in Gas Rigs Drives US Rig Count Downward
As of the week ending 02/Aug, the U.S. total rig count fell by 3 to 586, marking a decline for the first time in three weeks. Oil rigs remained...
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