In its monthly Oil Market Report for May released Wednesday morning, the International Energy Agency (IEA) said that global crude supplies held steady in April at roughly 98 million barrels per day. Growth in non-OPEC production offset production declines from OPEC members.
The IEA expects 2018 supply growth from non-OPEC countries to rise by 1.87 million barrels a day, up by about 70,000 and more than double the 700,000 barrel-a-day growth in 2017. As both the U.S. Energy Information Administration (EIA) and OPEC have already projected, the IEA also expects U.S. production to surpass 10 million barrels a day this year.
Along with the rise in non-OPEC production, the agency sees demand growth of 1.4 million barrels a day, down by 100,000 barrels from last month’s report. The IEA attributes the decline to higher prices that are expected to dampen demand.
OPEC crude oil production in April decreased by 130,000 barrels a day to 31.65 million barrels, largely due to further deterioration in Venezuelan production and lower output from Africa. The call on OPEC crude and stockpiles will average around 32.25 million barrels a day for the remainder of 2018, about 600,000 higher than April output.
Hot Growth Stocks To Buy For 2019: Gilat Satellite Networks Ltd.(GILT)
- [By Logan Wallace]
Gilat Satellite Networks (NASDAQ: GILT) and Ceragon Networks (NASDAQ:CRNT) are both small-cap computer and technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, analyst recommendations, earnings, dividends, valuation, profitability and institutional ownership.
- [By Stephan Byrd]
BidaskClub cut shares of Gilat Satellite Networks (NASDAQ:GILT) from a hold rating to a sell rating in a report published on Saturday.
Separately, TheStreet raised Gilat Satellite Networks from a c+ rating to a b- rating in a research report on Thursday, August 30th.
Hot Growth Stocks To Buy For 2019: Braskem S.A.(BAK)
- [By Lisa Levin]
Wednesday morning, the materials shares rose 0.83 percent. Meanwhile, top gainers in the sector included Intrepid Potash, Inc. (NYSE: IPI), up 8 percent, and Braskem S.A. (NYSE: BAK) up 6 percent.
- [By Maxx Chatsko]
Digging deeper into two seemingly healthy dividend yields proves this point. Investors may discover that coal producer Alliance Resource Partners LP (NASDAQ:ARLP) and gold miner Gold Fields (NYSE:GFI) are two dividend stocks to avoid. Meanwhile, the high yield of Brazilian chemical manufacturer Braskem (NYSE:BAK) passes the test — and could even grow stronger in the near future.
- [By Maxx Chatsko]
Shares of Braskem (NYSE:BAK) rose 22% today after Brazil’s largest chemical manufacturer confirmed what investors had long suspected: Talks are under way for Dutch chemicals leader LyondellBasell Industries NV (NYSE:LYB) to acquire majority control of Braskem and gain a manufacturing footprint in South America. Rumors of such talks were first reported in October 2017, but both companies denied them.
- [By Max Byerly]
Aemetis (NASDAQ: AMTX) and Braskem (NYSE:BAK) are both oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, institutional ownership, dividends, risk, valuation, profitability and analyst recommendations.
Hot Growth Stocks To Buy For 2019: Patriot Transportation Holding, Inc.(PATI)
- [By Shane Hupp]
Patriot Transportation Holding Inc (NASDAQ:PATI) VP John D. Milton, Jr. sold 5,601 shares of the business’s stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $22.51, for a total value of $126,078.51. Following the sale, the vice president now owns 402 shares in the company, valued at $9,049.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.