WTI and Brent oil prices rise ahead of Memorial Day, but geopolitical risks and OPEC's production plans keep the market under pressure.
WTI and Brent crude rise on Iran tensions, but gains stall below resistance; natural gas plunges on weak demand and bearish technicals. Full outlook.
Oil markets are moving higher as traders focus on tariff news.
Diamondback Energy, a cost-efficient Permian Basin pure-play, has a deep inventory of ~8,400 drilling locations, economic at $50/bbl WTI, and a base dividend breakeven price of $37/bbl WTI. Despite a 34% stock decline, Diamondback reported strong Q1 earnings with record production, $1.5 billion in free cash flow, and significant share repurchases. Risks include potential further WTI price drops due to Trump's tariffs and OPEC+ actions, and limited exit capacity for Permian gas production, though new pipelines are in development.
WTI crude oil tests $62.93 resistance after a key breakout. Can the rally continue, or is a correction ahead?
W&T Offshore, Inc. (NYSE:WTI ) Q1 2025 Results Conference Call May 7, 2025 12:00 PM ET Company Participants Al Petrie - Investor Relations Coordinator Tracy Krohn - Chairman & CEO William Williford - Executive Vice President and Chief Operating Officer Sameer Parasnis - Executive Vice President and Chief Financial Officer Trey Hartman - Vice President and Chief Accounting Officer Conference Call Participants John White - ROTH Capital Derrick Whitfield - Stifel Jeff Robertson - Water Tower Research Operator Ladies and gentlemen, thank you for standing by. Welcome to the W&T Offshore First Quarter 2025 Conference Call.
WTI reports a year-over-year deterioration in its Q1 loss due to lower oil equivalent production volumes and higher operating expenses.
W&T Offshore (WTI) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.05 per share a year ago.
Rising spending during China's May Day holiday provided additional support to oil markets.
W&T (WTI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WTI oil remains under bearish pressure, while natural gas has found strong support at $3.
W&T is a small cap offshore oil and gas producers that recently broke below its 2020 pandemic lows. Back then, oil was $-37 as opposed to $63 now and the debt concerns were way more significant. W&T requires $55 oil / $3.50% natural gas to breakeven, and this gives it an advantage over U.S. shale which would have to cut first.