Muttrah Corniche in Muscat, Oman getty Fitch Ratings upgraded Oman’s long-term foreign currency issuer default rating on August 15, from BB-to BB, with a stable outlook. It is a further sign of ...
Tag: Oil
Berkshire 13F: Buffett Likely Bought Apple, Chevron, and Occidental Stock
Text size CEO Warren Buffett and his investment lieutenants didn’t buy as much stock in the second quarter as they did in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshi...
Oil Prices Plunge To Six-Month Low As New Data Shows China Economy Unexpectedly Deteriorated Last Month
Topline Oil prices plummeted to the lowest level in months on Monday morning after worse-than-expected data from China showed its economy unexpectedly slowed last month—fueling concerns that weaker ma...
Oil Extends Losses as Traders Weigh China Outlook, Iran Supply
(Bloomberg) — Oil extended losses at the start of the week as traders weighed concerns about Chinese demand and the prospect for more Iranian supply. Most Read from Bloomberg West Texas Intermed...
High Oil Prices Push Saudi Aramco to Report 90% Surge in Q2 2022 Net Income
The company expects the post-pandemic recovery in oil demand to last for the rest of the decade. The ongoing high oil prices have pushed Saudi Aramco to post a 90% spike in Q2 2022 net income. Accordi...
Crypto Companies Raising Funds to Purchase Oil and Gas Exploration Blocks in the DRC
The Democratic Republic of Congo is offering crypto firms an opportunity to bid for oil and gas exploration areas. This auction comes as western governments desperate to shore up additional oil produc...
It’s a Good Time to Buy Berkshire Hathaway Stock. Here’s Why.
Text size Berkshire Hathaway CEO Warren Buffett. Johannes Eisele/AFP/Getty Images Berkshire Hathaway has never been in better shape. Its stock looks appealing after pulling back more than 15% from its...
IEA Raises Oil Demand Estimate for 2022; Here Are 2 Energy Stocks That Stand to Benefit
We’ve all seen the headlines lately, about Russia cutting back its natural gas exports to Germany – and to Western Europe generally. The cuts come in response to Western sanctions over the Ukraine war...
The Big Winners—and Losers —in the Inflation Bill
Senate Majority Leader Chuck Schumer (D-NY) helped shepherd the Inflation Reduction Act through the Senate after earlier bills died. Drew Angerer/Getty Images Text size The House won’t take up Democra...
What Color Is Your Hydrogen? Not All Hydrogen Is Clean.
Green hydrogen is made by using clean electricity from renewable energy technologies to electrolyse … [+] water (H2O), separating the hydrogen atom within it from its molecular twin oxygen. gett...
Evolving Oil And Gas Shale Boom Appears Poised For M&A Surge
Oil Pump Unit Pumping in the Eagle Ford in South Texas getty “Scale equals relevance” is a prevailing theme in the U.S. oil and gas shale world currently, and Devon EnergyDVN gained scale in the Eagle...
An Iran Nuclear Deal Could Send Oil Prices Tumbling Towards $80
Speculation that a new Iran nuclear deal could soon be agreed upon has added downward pressure to oil prices, although the disruption of Russian oil flows to Central Europe is adding to supply worries...
Oil Prices Jump As Russian Oil Supplies Halted To Eastern Europe
Topline Ukraine’s suspension of Russian oil to Eastern Europe sent oil prices soaring Tuesday morning, after Russian oil company Transneft announced Ukraine had not received transfer fees for the oil ...
I Don’t Mean to Be Crude, but Those Bullish Oil Forecasts Are Bull
Brent crude has dropped from its highs of $135 a barrel on the spot market back in March as Russia invaded Ukraine and is trading now at $95 a barrel, struggling to hold on to any gains above $100 a b...
Saudi Arabia To Join The Ranks Of Trillion-Dollar Economies, Buoyed By Oil Surge
View of the Saudi capital Riyadh, on 12 December 2018 (Photo: Simon Kremer/picture alliance via … [+] Getty Images) picture alliance via Getty Images Saudi Arabia is set to join the ranks of the...
Stocks Face Subdued Open as US Futures, Oil Drop: Markets Wrap
(Bloomberg) — Stocks in Asia look set for a cautious start on Monday following a jump in Treasury yields and the dollar on expectations of further aggressive Federal Reserve interest-rate hikes ...
Senate Passes Climate Bill. The Rush to Renewable Energy Is On.
The climate and tax package passed by the Senate on Sunday will unlock around $400 billion in funding for clean energy and accelerate a historic shift in how the world is powered. Along with a paralle...
Ethanol Industry Wants to Bury Its Carbon, but Some Farmers Stand in the Way
GOLDFIELD, Iowa—As climate-change concerns grow, ethanol plants like the one in this town of 630 surrounded by 10-foot-tall corn stalks are eager to join new pipeline networks that aim to carry carbon...
Gasoline At (or Under) $2.99 a Gallon: Here’s Where
Gasoline prices continue to fall in a handful of states to $2.99 a gallon, marking the 50th consecutive day of declines and giving consumers a reprieve as high inflation rates have walloped their budg...
Russia Undercuts Saudi Oil in India as Competition Heats Up
(Bloomberg) — A fierce battle is brewing in India where Russia has undercut the price of oil from its OPEC+ ally Saudi Arabia, paving the way for Moscow to expand market share in one of the bigg...
Gasoline Prices Could Fall to $2.99 Next Week
Crude oil prices declined on August 4 to their lowest prices since before Ukraine was invaded by Russia as the futures market indicated a possible recession that could dampen demand from consumers. Th...
Enverus Lowers Oil Price Forecast, Rig Count Drops Amid Record Industry Profits
A new report from energy analytics and intelligence firm Enverus projects oil prices to continue to … [+] decline through the end of 2022. getty In the latest signal of a faltering oil market, e...
Methane Emissions Reduction At The Oil Patch: How To Get There
Emily Pickrell, UH Energy Scholar MCKITTRICK, CALIFORNIA – NOVEMBER 03: The sun sets beyond pumpjacks in the Belridge oil field on … [+] November 03, 2021 near McKittrick, California. The ...
The US is the world’s biggest oil producer — so why do we still need to import crude and ask countries like Saudi Arabia for help?
The US is the world’s biggest oil producer — so why do we still need to import crude and ask countries like Saudi Arabia for help? Oil prices are high, energy worries are roiling the global economy, a...
OPEC+ Quotas And Seinfeld Car Rentals
JEDDAH, SAUDI ARABIA – JULY 15 US President Joe Biden (L) being welcomed by Saudi Arabian Crown … [+] Prince Mohammed bin Salman (R) at Alsalam Royal Palace in Jeddah, Saudi Arabia on July...
Lucas Oil Pro Motocross And Monster Energy Supercross Partner To Create SuperMotocross World Championship
Outdoor Pro MX and Supercross have partnered to create the SuperMotocross World Championship. (Photo … [+] by Andrew Bershaw/Icon Sportswire via Getty Images) Icon Sportswire via Getty Images In...
Oil prices are down, but energy companies’ earnings estimates keep rising — these stocks are cheap
Oil prices have fallen from a peak earlier this year. But energy companies’ earnings estimates have kept rising on stronger demand and low capital spending. Below is a screen of large-cap oil stocks a...