Quick Thoughts

Breaking October 19, 2016 6:30am central. Halliburton released its 3Q16 earnings report, marking the start of earnings season in the oilfield. Relative to the second quarter, Halliburton’s sales in North America grew. This is the first revenue increase in seven quarters. This growth offset a continued decline in international business to keep total …

OPEC’s announcement in Algeria of an agreement to curb production has the press excited about the “the first OPEC production cut in 8 years.” But we’d argue this is just more of the same as no member quotas have been set yet. We explore the details, nuances and implications here. …