Crude oil (Brent)  closed at $48.23 a barrel yesterday on the NYMEX for March delivery. The fall in oil prices in recent months is benefiting some industries and hurting others. For example, convention wisdom says big consumers of oil such as chemical companies, transportation firms, etc. are bound to benefit while oil producers, oil distributors and other related-companies in the industry …

Continue reading ‘Which Sectors are Winners and Which are Losers from Lower Oil Prices ?’ »

Oil prices have fallen from over 100$ per barrel to $82.77 (WTI) yesterday. However the stock prices of many of the companies that produce the equipments for the insustry and provide services have fallen much harder.For example, France-based CGG (CGG) is down nearly 58% year-to-date. The following are five of the foreign Oil and Gas Equipment & Service Providers …

Continue reading ‘Oil Prices Fall, Oil and Gas Equipment & Service Providers Fall Harder’ »

The production of Crude Oil in the U.S. continues to rise. The explosive growth in the exploration of oil by fracking and other factors have contributed to a resurgence of the country as a major oil producer. U.S. crude oil production continuously rose from 1920 and reached its peak in 1970. After a stead decline …

Continue reading ‘Comparing U.S. Oil Production To Select Countries’ »