April 2016 Blog Posts (3)

Here’s why some insiders doubt the Halliburton & Baker Hughes deal will close

After the close of trading on Friday, Halliburton released a statement saying the release of full earnings is postponed to May 3 from Monday, April 25, citing the deadline for the Baker Hughes deal as the reason.

They announced the merger in November 2014 in a deal now worth roughly $25 billion in a bid competing against industry leader Schlumberger. The U.S.…

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Added by Shon Mattox on April 27, 2016 at 11:11am — No Comments

Oil price recovery on its way: New report

Scanning the newspapers, social media and analyst coverage this year, there is consensus that a recovery in oil prices is coming, as a function of a reduction in over-supply, and that upward movement in prices should be expected later this year, Douglas-Westwood has said in its DW Monday report.…

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Added by Shon Mattox on April 26, 2016 at 1:21pm — No Comments

OPEC Died in Qatar

“Five brothers” versus “seven sisters”

More than half a century ago, five major oil producing countries – Iran, Iraq, Venezuela, Kuwait and Saudi Arabia – agreed to work together to deprive seven transnational companies – Exxon, RD / Shell, Texaco, Chevron, Mobil, Gulf Oil and BP – of unlimited influence on the oil…

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Added by Shon Mattox on April 19, 2016 at 10:04pm — No Comments

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