Oil prices have soared in the past year gaining around 40%. With the summer travel season coming soon drivers in the US can be expected to drive higher demand for gasoline in coming months. Despite the dramatic and surprising boom in oil prices energy and related sector stocks have not kept up up until now. …
Crude oil prices closed at over $69 for June delivery (Brent). Oil prices have shot up more than 150% since the lows of $26 reached in early 2016.Rising oil prices is helping oil majors earn higher profits. According to an article at U.S. funds, big oil is generating as much profits at $60 as when the …
On Friday Brent Crude reached the $60 per barrel mark for the first time since July, 2015. Global oil prices have been slowly recovering after years after of declines that followed prices reaching nearly $150 many years ago. Though oil majors are reporting strong earnings recently their stock prices are not yet getting investors’ love …
Continue reading ‘Stock Performance of PetroChina vs. Oil Supermajors’ »
Platts, a unit of S&P published its annual ranking of the top 250 global energy companies for 2016. This list an excellent resource for investors looking to research the energy industry’s top players for potential investment opportunities. US oil giant ExxonMobil(XOM) tops this year’s list. Exxon has taken the top spot for the 12th consecutive …
Continue reading ‘The Platts Top 250 Global Energy Companies 2016’ »
Crude oil prices are on a roller-coaster ride this year.Brent Crude was down 1.76% and closed at $45.77 on Friday for November 2016 delivery. A year or two years it seemed prices would never fall under $100 per barrel and forecasters were even predicting prices may reach $200. Now oil companies are desperately hoping prices …
Continue reading ‘On The Real Oil Prices Over The Past 150 Years’ »