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oil supply

Trading > 247Wallst

Oil Prices: Hurricane Ida Heads Toward Gulf Deep Sea Drilling Platforms

247Wallst | Mon, 11/09/2009 - 10:20am | Hurricane Ida, offshore oil rigs, oil prices, oil supply, threatened oil supply |  4 comments

By Douglas A. McIntyre It has been months since a hurricane posed a real threat to oil rigs in the Gulf of Mexico. Now, Hurricane Ida is entering the region from the west after doing significant damage in Nicaragua. Most hurricanes that move into the Gulf end up doing very little damage to either ... Read more

Trading > 247Wallst

Rig Counts Making Oil Supply Drops Self-Fulfilling (BHI)

247Wallst | Fri, 05/22/2009 - 1:33pm | Baker Hughes Inc., BHI, oil price stabilization, oil rigs, oil supply |  2 comments

We have just seen the newest weekly data from Baker Hughes, Inc. (NYSE: BHI).  It is surprising how the rig count keeps heading lower and lower despite oil prices having risen so much.  It seems on some weeks that this is stabilizing and that trend may be the ultimate case for stabilizatio ... Read more