Cheniere Energy President and CEO Jack Fusco, right, is applauded as he rings the opening bell of … [+] the New York Stock Exchange, Wednesday, Feb. 5, 2020. (AP Photo/Richard Drew) Copyright 20...
Tag: natural gas
High Electricity Prices Will Go Even Higher Unless We Change Course
Melville, N.Y.: Power lines along Ruland Road in Melville, New York on February 13, 2020. (Photo by … [+] Steve Pfost/Newsday RM via Getty Images) Newsday via Getty Images Inflation remains stub...
Oil Sector Dealmaking Heats Up
Investment in oil and gas companies listed on the S&P 500 increased by more than 26% this past year, … [+] even as the index tumbled by 5% overall. getty Reports of the shine going off the o...
Warren Buffett’s Berkshire Hathaway Buys More Occidental Stock. How Much It Owns Now.
Berkshire Hathaway bought almost 6 million shares of Occidental Petroleum in recent days, bringing its stake in the big energy company to 200.2 million shares worth $12.2 billion, according to a filin...
Buffett’s Berkshire Buys More Occidental Stock. How Much It Owns Now.
Berkshire Hathaway bought almost 6 million shares of Occidental Petroleum in recent days, bringing its stake in the big energy company to 200.2 million shares worth $12.2 billion, according to a filin...
U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear
HOUSTON—The boom in oil production that over the last decade made the U.S. the world’s largest producer is waning, suggesting the era of shale growth is nearing its peak. Frackers are hitting fewer bi...
An Offshore Oil Rebound Is Under Way. It’s Lifting These Stocks.
Text size Spending on offshore oil drilling is expected to rise in coming years. Carina Johansen/Bloomberg Offshore oil drilling has been growing slowly in recent years as energy companies have hesita...
Warren Buffett’s Berkshire Hathaway boosts its stake in Occidental Petroleum
Warren Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum Corp. in recent days. Berkshire bought about 5.8 million shares of Occidental in a series of purchases Friday, Monday an...
Baytex/Ranger Oil Combination First Of Its Kind In Almost A Year
An active drilling rig in the Eagle Ford Shale. getty Calgary-based Baytex Energy Corp. announced on Tuesday that is has agreed to acquire Eagle Ford Shale pure play Ranger Oil Corp. for $2.5 billion,...
Ukraine War Illustrates Importance Of American Energy Dominance
Ukrainian servicemen get ready to repel an attack in Ukraine’s Lugansk region on February 24, 2022. … [+] – Russian President Vladimir Putin launched a full-scale invasion of Ukraine...
Warren Buffett’s Berkshire Hathaway Could Get an Occidental Stock Payoff
One of Berkshire Hathaway’s best investments in the past five years was its purchase of $10 billion of Occidental Petroleum preferred stock paying an 8% dividend yield. Occidental Petroleum (ticker: O...
Biden Officials Just Can’t Keep Their Hands Off Your Gas Stoves
MORGANTOWN, WV – JUNE 03: U.S. Sen. Joe Manchin (D-WV) and U.S. Energy Secretary Jennifer M. … [+] Granholm arrive at a news conference at the Marriott Hotel at Waterfront Place June 3, 20...
There’s still too much risk in stock and bond markets. Earn this easy 4.5% return while you wait for stability, says trader who hit 2 big calls in 2022.
Ahead of major tech earnings later, Meta results are lighting up the Nasdaq Composite COMP, +2.97% for Thursday. The S&P 500 SPX, +1.40% is also up as investors take a glass-half full view of the ...
European Solar And Wind Surpass Gas Power For The First Time
Harvesting soybeans under hanging solar panels in Amance, eastern France. Solar and wind overtook … [+] natural gas electricity generation to produce more than a fifth of the EU’s electric...
Yes, Chefs, The Government Is Coming For Your Gas Stoves
NORTH HALEDON, NEW JERSEY – January 12: In this photo illustration flames burn on a natural gas … [+] burning stove on January 12, 2023 in NORTH HALEDON, NEW JERSEY. Consumers and politici...
Biden And Sunak — The Energy Policy Odd Couple
TOPSHOT – US President Joe Biden (R) and British Prime Minister Rishi Sunak hold a meeting on the … [+] sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali, Nov...
Energy Earnings Could Drop 11%
After two years of skyrocketing growth, oil and gas earnings are now past their peak. The good thing for the stocks is that the peak was remarkably high, and the decline is likely to be very gradual. ...
Natural Gas Prices Are Dropping. What Comes Next.
The price of natural gas fell below $3 per million British Thermal Units for the first time since May 2021 on Wednesday, and it kept dropping on Thursday. It’s a stunning decline for a commodity that ...
EOG Resources Director Mike Kerr Buys Up Stock
Energy exploration and production company EOG Resources had a boffo 2022, and one of its directors made his second purchase of shares in three months. EOG stock (ticker: EOG) surged 46% last year, lif...
To Secure Texas’s Future, The ERCOT Grid Will Need More Of Everything
Texas Governor Greg Abbott, l, congratulates his colleague Lt. Gov. Dan Patrick as the two view the … [+] inaugural parade in downtown Austin. Abbott becomes the 48th Governor of Texas during ce...
Bullish Signals For Oil, But Not For Natural Gas
MIDLAND, TEXAS – MARCH 12: Workers place pipe into the ground on an oil drilling rig set up in the … [+] Permian Basin oil field on March 12, 2022 in Midland, Texas. President Joe Biden im...
Exxon, Diamondback, and Coterra Stock Could Continue to Rally
U.S. energy stocks outperformed every other sector in the market in 2021 and 2022. That sets up a key test this year of the industry’s staying power. Not since 2010 has energy outperformed the broader...
The Disappearance Of Good Rock Worries Oil Markets
Oil companies drilling in Texas’ Permian Basin are having to adapt to falling output as acreage with … [+] the “top rock” runs out. (Photo by Spencer Platt/Getty Images) Getty ...
Occidental Petroleum’s stock rises after Buffett boosts stake, CrowdStrike after earnings beat
These were some of the biggest movers and shakers in premarket trading Wednesday: Stock gainers: Occidental Petroleum Corp.’s stock OXY, -1.35% rose almost 3% premarket after filings disclosed that Wa...