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On this episode of the Texas Oil and Gas Podcast, Ryan Ray and Josh Shelton discuss the early earnings reports.
https://www.investopedia.com/exxonmobil-q2-fy2021-earnings-report-recap-5194813
https://www.cnbc.com/2021/07/30/chevron-cvx-exxon-xom-earnings-q2-2021.html
https://www.forbes.com/sites/davidblackmon/2021/08/02/forget-about-peak-oilwe-havent-even-reached-peak-coal-yet/?sh=14007fef2a9b
OIL MARKET: On our Bloomberg monthly OPEC oil output survey, **7 nations out of 13** in the cartel were unable to increase production in July, despite higher quotas (and prices). Overall OPEP output did increase, however, thanks to higher Saudi output
OIL MARKET: According to @TSA data, the number of people flying in the U.S. hit yesterday a new high of 2.23 million (and, for the first time since the pandemic started, the last four days in a row have seen >2 million passengers in the U.S.)
COMMODITY INFLATION: Heineken, the world’s second-largest brewer, says it's experiencing inflationary pressures not seen at any time in the past decade (aluminum prices and freight costs singled out).
https://www.mrt.com/business/oil/article/Drilling-activity-continues-climb-in-Permian-Basin-16353360.php
https://www.reuters.com/business/energy/australias-santos-hikes-bid-oil-search-690-bln-2021-08-01/
Chevron (CVX) Exxon (XOM) earnings Q2 2021 beat estimates
https://www.cnbc.com/2021/07/30/chevron-cvx-exxon-xom-earnings-q2-2021.html
https://www.mrt.com/business/oil/article/Pinnacle-Midstream-expanding-Dos-Picos-System-16348924.php
https://www.mrt.com/business/oil/article/Grenadier-Energy-III-targets-unconventional-16348935.php
https://www.hartenergy.com/exclusives/marketed-endeavor-energy-resources-permian-basin-package-195444
https://www.hartenergy.com/exclusives/pioneer-natural-resources-warns-832-million-loss-195352
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Episode 214 - Early earnings look good, will the pattern continue?
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Texas Oil and Gas Podcast
The oil and gas news you need. When you need it. Join Ryan and Josh as they stay up to date with the latest news from the Texas Oil Patch!
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Episode 214 - Early earnings look good, will the pattern continue?