Ten Oil Stocks To Consider

Oil prices are rising again. Brent prices for May delivery closed at $85.42 on Friday. Year-to-date prices have gone up by 12%. Higher oil prices has lead to higher gasoline prices at the pump. Earlier this month, OPEC announced the extension of production cuts through the end of this year. Geopolitical risks have not subsided …

Continue reading ‘Ten Oil Stocks To Consider’ »

A Note on US Oil Consumption

The U.S. is the world’d largest consumer of petroleum products primarily oil. Though the total population is about 330 million, every day millions of barrels of oil are used due to the high dependence on automobile for transportation. In fact, the country  consumed 18.8 million barrels per day (MMbd) of petroleum products during 2011 according …

Continue reading ‘A Note on US Oil Consumption’ »

Why Invest In Oil Well Services and Equipment Companies

One of ways to profit from the growth of oil industry in the U.S. is to invest in companies that supply the tools and services needed by the industry. This strategy is similar to the one followed by some investors that became rich by investing in picks and shovels rather than the gold miners during …

Continue reading ‘Why Invest In Oil Well Services and Equipment Companies’ »