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	<title>Stock Blog Hub &#187; Weatherford International Ltd.</title>
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		<title>(CVX) Another Sharp Drop in Crude Oil Stockpiles</title>
		<link>http://www.stockbloghub.com/2009/09/17/cvx-another-sharp-drop-in-crude-oil-stockpiles/15482</link>
		<comments>http://www.stockbloghub.com/2009/09/17/cvx-another-sharp-drop-in-crude-oil-stockpiles/15482#comments</comments>
		<pubDate>Thu, 17 Sep 2009 18:08:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[Chevron Corp.]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[HES]]></category>
		<category><![CDATA[Hess Corporation]]></category>
		<category><![CDATA[Marathon Oil Corporation]]></category>
		<category><![CDATA[MRO]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
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		<category><![CDATA[Valero Energy Corp.]]></category>
		<category><![CDATA[VLO]]></category>
		<category><![CDATA[Weatherford International Ltd.]]></category>
		<category><![CDATA[Western Refining Inc.]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15482</guid>
		<description><![CDATA[Yesterday, the U.S. Energy Department&#8217;s weekly inventory release showed a sharp drop in crude stockpiles. However, this piece of positive data was somewhat tempered by reports of increases in refined product supplies like gasoline and distillate fuels. The federal government’s Energy Information Administration (EIA) reported a 4.7 million barrels drop in crude inventories for the week ending September 11, far more than analyst expectations. This is the second successive week in which the crude drawdown has been more than originally anticipated. Major contributing factor to the inventory drop was a fall in crude oil imports. Current crude oil stocks, at 332.8 million barrels, are 14.1% above the year-earlier level and remain above the upper limit of the average for this time of the year (depicted in the first EIA chart ]]></description>
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		<title>(BHI) U.S. Oil Drilling Rig Count Reverses Gain</title>
		<link>http://www.stockbloghub.com/2009/09/14/bhi-u-s-oil-drilling-rig-count-reverses-gain/15124</link>
		<comments>http://www.stockbloghub.com/2009/09/14/bhi-u-s-oil-drilling-rig-count-reverses-gain/15124#comments</comments>
		<pubDate>Mon, 14 Sep 2009 20:58:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporat]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Incorp]]></category>
		<category><![CDATA[National Oilwell Varco]]></category>
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		<category><![CDATA[Schlumberger Limited]]></category>
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		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[Weatherford International Ltd.]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15124</guid>
		<description><![CDATA[According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. fell for the week ended Sept. 11, reflecting scaled back drilling activity by the producers. As shown in the first chart below from Baker Hughes, rigs exploring and producing in the U.S. totaled 999 during the week. This is down by 10 from the previous week’s tally and is the first decline in nine weeks. The combined oil and gas rig count is down by 1,032 from the year-ago period, when it rose to a 22-year high of 2,031. The number of natural gas rigs drilling in the U.S. decreased by 2 to 699, snapping a seven-week gain. It is currently down 56% since peaking at 1,606 in the year-ago ]]></description>
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		<title>(CVX) U.S. Crude Supplies Dip Sharply</title>
		<link>http://www.stockbloghub.com/2009/09/11/cvx-u-s-crude-supplies-dip-sharply/14963</link>
		<comments>http://www.stockbloghub.com/2009/09/11/cvx-u-s-crude-supplies-dip-sharply/14963#comments</comments>
		<pubDate>Fri, 11 Sep 2009 21:55:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[Chevron Corp.]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[HES]]></category>
		<category><![CDATA[Hess Corporation]]></category>
		<category><![CDATA[Marathon Oil Corp.]]></category>
		<category><![CDATA[MRO]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Weatherford International Ltd.]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14963</guid>
		<description><![CDATA[Yesterday, we got a bullish report from the federal government’s Energy Information Administration (EIA), showing a surprise decline in crude stockpiles. However, the data also showed a buildup in gasoline and distillate inventories, thereby somewhat neutralizing the positive impact. In its weekly release, the agency reported a much bigger-than-expected 5.9 million barrels drop in crude inventories for the week ending September 4, as imports fell and refiners raised demand. This follows last week’s release, which also reported crude drawdown but were below expectations. Current crude oil stocks, at 337.5 million barrels, are 13.3% above the year-earlier level and remain above the upper limit of the average for this time of the year (depicted in the first EIA chart below). The supply cover decreased from 23.6 days in the previous week ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(BHI) Baker Hughes Reports U.S. Rig Count Climbing</title>
		<link>http://www.stockbloghub.com/2009/09/08/bhi-baker-hughes-reports-u-s-rig-count-climbing/14591</link>
		<comments>http://www.stockbloghub.com/2009/09/08/bhi-baker-hughes-reports-u-s-rig-count-climbing/14591#comments</comments>
		<pubDate>Tue, 08 Sep 2009 23:28:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[Weatherford International Ltd.]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14591</guid>
		<description><![CDATA[In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped up activity by the producers. Rigs exploring and producing in the U.S. climbed to 1,009 for the week ended Sept. 4 (as clear from the first chart below from Baker Hughes). This is the highest in five months and is up by 10 from the previous week’s tally. The combined oil and gas rig count is down by 1,004 from the year-ago period. It rose to a 22-year high in 2008, peaking at 2,031 in the weeks ended Aug. 29 and Sept. 12. The number of natural gas rigs drilling in the U.S. increased by 2 to 701, the seventh successive weekly ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CVX) Energy Information Administration Reports Mixed Petroleum Inventory Data</title>
		<link>http://www.stockbloghub.com/2009/09/03/cvx-energy-information-administration-reports-mixed-petroleum-inventory-data/14328</link>
		<comments>http://www.stockbloghub.com/2009/09/03/cvx-energy-information-administration-reports-mixed-petroleum-inventory-data/14328#comments</comments>
		<pubDate>Thu, 03 Sep 2009 21:07:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[Chevron Corp.]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[HES]]></category>
		<category><![CDATA[Hess Corporation]]></category>
		<category><![CDATA[Marathon Oil Corp.]]></category>
		<category><![CDATA[MRO]]></category>
		<category><![CDATA[Weatherford International Ltd.]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14328</guid>
		<description><![CDATA[Yesterday, the federal government’s Energy Information Administration (EIA) reported mixed inventory data. The crude drawdown was below expectations and distillate stocks were up more than anticipated. On the positive side, gasoline supplies dropped steeply and total U.S. oil demand over the last four-week period turned positive after a long time. In its weekly release, the agency reported a lower-than-expected 372,000 barrels drop in crude oil stockpiles for the week ending August 28, as a jump in imports offset a rise in petroleum demand. This follows last week’s report, which showed an unexpected rise in oil supply figures, missing estimates of a drop. Current crude oil stocks, at 343.4 million barrels, are 13.0% above the year-earlier level and remain above the upper limit of the average for this time of the ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CVX) EIA Crude Inventories Rise Again</title>
		<link>http://www.stockbloghub.com/2009/08/27/cvx-eia-crude-inventories-rise-again/13625</link>
		<comments>http://www.stockbloghub.com/2009/08/27/cvx-eia-crude-inventories-rise-again/13625#comments</comments>
		<pubDate>Thu, 27 Aug 2009 21:10:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[Chevron Corp.]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[HES]]></category>
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		<category><![CDATA[Weatherford International Ltd.]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13625</guid>
		<description><![CDATA[Yesterday, we got a bearish report from the Energy Information Administration (EIA), with crude oil stockpiles showing an unexpected rise. In its weekly release, the agency said that crude inventories rose 128,000 barrels from the preceding week, far off estimates that hoped for another drawdown, following last week’s encouraging data. Major contributing factors to the inventory buildup were a rise in domestic production and crude oil imports. Current crude oil stocks, at 343.8 million barrels, are 12.4% above the year-earlier level and remain above the upper limit of the average for this time of the year (depicted in the first EIA chart below). The supply cover increased marginally from 23.7 days in the previous week to 23.8 days of supply and remains significantly above the year-earlier level of 20.5 days. ]]></description>
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