Natural-gas prices were poised for their largest yearly percentage rise in 23 years before erasing much of that gain in the span of six sessions this month. The U.S. market shifted from worries about ...
Tag: crude oil
Exxon and Oil Giants to Post Stunning Earnings
A warning from President Biden could dampen the party atmosphere for Big Oil’s expected third-quarter earnings bonanza. Biden, who is worried about high gasoline prices, said last week that oil compan...
Dividends And Premium In The Pipeline With Kinder Morgan Buy Write
If you own at least 100 shares of a stock, you’re able to sell call options on that long position and receive a premium for doing so. The downside is that you surrender the ability to participate in g...
Oil ends higher; natural gas prices post a weekly loss of more than 20%
Oil futures ended higher on Friday, while natural-gas futures extended their losses into a sixth-consecutive session to end the week with a loss of more than 20%. Price action West Texas Intermediate ...
Annoyed by ‘curt and almost dismissive’ Elon Musk, one Wall Street analyst sees cracks emerging in Tesla
While some on Wall Street appeared to take disappointing Tesla Inc. results in stride, one analyst was ringing alarm bells over Elon Musk’s “bold” predictions and his “almost dismissive” attitude towa...
Warren Buffett purchased more than 20 million shares of this stock in 2022. And it has a 133% return. But can that growth sustain?
“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes,” Warren Buffett once wrote wrote in a letter to shareholders. Great performance and stocks may seem...
New England Risks Winter Blackouts as Gas Supplies Tighten
Listen to article (2 minutes) New England power producers are preparing for potential strain on the grid this winter as a surge in natural-gas demand abroad threatens to reduce supplies they need to g...
BP Buys Renewable Natural-Gas Company in $4.1 Billion Deal
By Chris Wack Oct. 17, 2022 8:17 am ET Listen to article (1 minute) Archaea Energy said Monday it is being bought by BP PLC for $26 a share in cash, or a total enterprise value of $4.1 billion, includ...
Higher Heating Bills Poised to Hit U.S. Households This Winter
High fuel prices have been a big driver of inflation, pumping up the cost of summer travel and air conditioning, and federal energy forecasters say that staying warm this winter will be more expensive...
African gas becomes a focus for EU countries trying to replace Russia supply
DAKAR, Senegal (AP) — A new liquefied natural gas project off Africa’s western coast may only be 80% complete, but already the prospect of a new energy supplier has drawn visits from the leaders of Po...
Venezuela’s U.S. Creditors Take Small Comfort From Sanctions Relief
Venezuela’s creditors welcomed its potential rapprochement with the U.S. but still face risks and uncertainties in collecting from the South American country’s bankrupt government as its relations wit...
PVC Prices Are Falling. Why Warren Buffett Should Be Worried.
One thing leads to the other. Rising interest rates pummel housing. Lumber prices fall, some 60% this year. And, notes energy research firm and investment bank Tudor Pickering Holt, PVC—the plastic th...
Exxon Improperly Fired Scientists Suspected of Sharing Information, Labor Department Finds
Listen to article (2 minutes) The Labor Department said it found Exxon Mobil illegally fired two company scientists over suspicions they shared information with The Wall Street Journal about concerns ...
10 energy stocks that are analysts’ favorites as OPEC makes oil-production cuts
The OPEC+ group of oil-producing countries has agreed on a drastic cut to the global supply. The speculation has helped oil reverse its recent declines. And that means it’s time to take another look a...
PVC Piping Prices Are Dropping as Housing Market Weakens
Text size PVC piping is made from ethylene, a petroleum product that Occidental Petroleum produces. Dreamstime.com As rising interest rates interest rates pummel the housing market, the ripple effects...
Oil Prices Slip Despite Prospect of Major Supply Cut
Oil prices fell slightly in early trading after two sessions of strong gains, ahead of an OPEC+ meeting on Wednesday when the oil group and its allies are expected to debate the biggest reduction in o...
21 dividend stocks yielding 5% or more of companies that will produce plenty of cash in 2023
When the stock market has jumped two days in a row, as it has now, it is easy to become complacent. But the Federal Reserve isn’t finished raising interest rates, and recession talk abounds. Stock inv...
U.S. auto sales fall slightly in Q3, but GM is a bright spot
DETROIT — U.S. new vehicle sales fell slightly in the third quarter, even though some automakers reported improvement in September. But there are warning signs consumers’ appetite for expensive new ca...
Brazil’s Election Is Almost Here. Get Ready to Buy Petrobras Stock.
Chocolate and peanut butter go together; falling oil prices and Brazilian political uncertainty most certainly do not. Yet Petrobras stock may still be worth buying. Yes, that sounds like a terrible i...
Exxon CEO Warns Biden Administration Against Limiting Fuel Exports
Exxon Mobil is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing that restricting shipments would further squeeze global supplies and lift pump ...
These 27 stocks can give you a more diversified portfolio than the S&P 500 — and that’s a key advantage right now
You probably already know that because of market-capitalization weighting, a broad index such as the S&P 500 SPX, -0.80% can be concentrated in a handful of stocks. Index funds are popular for goo...