Marathon Oil CEO says company can profit with low oil prices
Without giving details on the buyer or buyers, Marathon is in the process of selling $100 million in natural gas assets in East Texas, North Louisiana and Wilburton, Oklahoma.
View ArticleRaymond James lowers oil forecast for 2016
Analysts at Raymond James said that they had cut their U.S. benchmark crude oil forecast to $50 per barrel in 2015 and lowered their 2016 projection by $10 per barrel to an only slightly higher $55 per...
View ArticleAnalysts: Oil patch will come roaring back to life in 2017
But the remainder of 2015 and all of 2016 will be "wastelands of low oilfield cash flows, spending and general activity levels" as oil prices hover below $60 per barrel.
View ArticleRaymond James cuts natural gas price forecast
Raymond James lowered its long-term natural gas price estimates Monday, putting the investment banking firm in a growing group of analysts seeing a bleaker future for the fuel.
View ArticleRaymond James: Natural gas production is slowing, but another boom could be...
After adding as much as 5.4 billion cubic feet per day in new production in 2014, the U.S.'s natural gas haul leveled off at about 73-75 billion cubic feet per day in early 2015, according to Raymond...
View ArticleTrade gap in U.S. narrows on lowest oil imports in a decade
The narrowing meant trade had little impact on the economy in the third quarter, easing concern that slower global growth and a stronger dollar would cause exports to slump.
View ArticleOil price forecasts falling as 2016 outlook darkens
Both Fitch Ratings and Raymond James said Monday they had lowered their expected oil prices through 2016.
View ArticleRaymond James expects Iraqi oil surge to slow in 2016
Iraq's oil production has surged by roughly 1 million barrels per day in 2015, surprising analysts and adding to a global glut of crude that has driven down international oil prices.
View ArticleRaymond James: For oil field services companies, 2016 will be a “roller...
Although oil markets are expected to mount a recovery in the second half of 2016, the first part of the year will prove to be difficult for oil field services providers that have already been...
View ArticleRaymond James: $30 oil is worse than anyone expected
The investment bank's bleak outlook means there could be plenty of pain in early 2016 for producers.
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