Asian stocks worked out early there is no good outcome from Nancy Pelosi’s current tour of the region. By landing in Taiwan Tuesday or Wednesday, the speaker of the House risks Chinese military retali...
Tag: Oil
Tullow Oil share price forecast ahead of Kenya stake sale
Tullow Oil (LON: TLW) share price has staged a strong recovery in the past few weeks even as the price of oil retreated. The stock rose to a high of 52.40p, which was about 32% above the lowest point ...
BP Boosts Returns as Oil Refining and Trading Drive Profit Beat
(Bloomberg) — BP Plc hiked its dividend and accelerated share buybacks to the fastest pace yet after an “exceptional” in oil refining and trading lifted profits above even the highest expectatio...
Shale Oil Producer Stocks Drop: Devon, Diamondback Beat Estimates
Shale producers Devon Energy (DVN) and Diamondback Energy (FANG) beat earnings predictions Monday, after both companies booked losses during market trading. The stocks continued to drop in extended tr...
Oil Plunges as China Slowdown Spurs Concern Over Demand Outlook
(Bloomberg) — Oil slumped as poor manufacturing figures across the globe fueled concerns that a global slowdown may sap demand for crude. Most Read from Bloomberg West Texas Intermediate briefly...
Big Oil Could Pay Up to $25 Billion in New Taxes Under Dems’ Inflation Bill
Text size An oil pumpjack Spencer Platt/Getty Images Oil stocks were poised to open lower Monday as investors reacted to the news that the Democrats’ climate change measure could cost oil companies, b...
ExxonMobil-Led Consortium Bucks Oil Industry Trends In Guyana
The Liza Destiny FPSO operating in deep waters offshore Guyana. ExxonMobil I wrote a few days ago about a new study from Rystad Energy which illustrates the scope and global importance of the developm...
Joe Biden’s green agenda hits Americans with an oil price shock
Joe Biden – REUTERS/Elizabeth Frantz When his green credentials were challenged by a young activist on the election trail, Joe Biden had a simple answer. “Kiddo, I want you to look into my eyes,...
Once Unimaginable, Oil Flirts With Being Top U.S. Export
Significant increases in the price of oil on global markets has propelled both refined petroleum and … [+] oil to leading roles as U.S. exports in 2022. ustradenumbers.com Oil is flirting with b...
Is oil turning ahead of the OPEC+ meeting?
The OPEC+ monthly meeting is scheduled to be held on August 3. Saudi Arabia, Russia, UAE and other oil-producing nations will meet to discuss national production quotas. But don’t hold your breath. Th...
Exxon Mobil Stock Surges After Energy Giant Drills to Record Profit
Text size PHOTOCAP Dean Mouhtaropoulos/Getty Images Soaring energy prices and increased production helped Exxon Mobil shatter its previous record for quarterly profit as the oil and gas giant posted e...
Petrobras Unveils $17 Billion Dividend Windfall on Oil Rally
(Bloomberg) — Petroleo Brasileiro SA announced a massive dividend payment after surging oil prices boosted cash generation in the second quarter, rewarding investors that looked past the politic...
Shell Posts Record Quarterly Profit of $11.5 Billion. Exxon and Chevron Are Next.
Text size Shell also announced plans to buy back a further $6 billion of shares. Getty Images Shell , the United Kingdom–domiciled energy giant, posted record quarterly earnings Thursday a day before ...
New Oil Power Guyana On Pace To Surpass U.S. Offshore By 2035
Morning above Guyana highlighted in red on model of planet Earth in space. 3D illustration. Elements … [+] of this image furnished by NASA. 3D model of planet created and rendered in Cheetah3D s...
Exxon, Chevron earnings preview: Oil giants under the microscope as profit booms
Exxon Mobil Corp. and Chevron Corp. are scheduled to report second-quarter earnings on Friday before the bell as their booming profits and revenue remain under increased scrutiny and rising costs and ...
Energy, Oil, And Gas: The Network Visibility Imperative
U.S. and global oil, gas, energy, and utility companies are looking at challenges in their markets, rarely seen in recent years. The complexity of delivering energy to previous high standards is stagg...
The Best And Worst Ways To Buy Into Oil Stocks In 2022
Petroleum, petrodollar and crude oil concept : Pump jack and a black barrel on US USD dollar notes, … [+] depicts the money received or earned from sales after investment in the development of o...
Trading Oil Contracts with PrimeXBT
Oil is very quickly earning the crown as the most important geopolitical asset. The energy sector as a whole has been soaring, and investors are scrambling for a piece of the action. Although oil pric...
This Stat Shows Why Analysts Are Bullish on Energy Stocks
Text size Analysts are more bullish about energy companies than are investors. (Photo by Justin Sullivan/Getty Images) Getty Images Energy stocks make up just 4% of the S&P 500 but are expected to...
Plan to force cap on Russian oil prices could actually work
The U.S. still remains ‘a ways away’ from reaching an international agreement to impose a price cap on Russian oil exports, with limited enthusiasm from the world’s largest energy buyers India and Chi...
Biggest Oil Stock ETF Sees Short Sellers Unwind Bets After Rout
(Bloomberg) — Money managers rolled back bets against the biggest exchange-traded fund focused on oil-company stocks, signaling speculation that the price of crude is at least temporarily bottom...
Oil Doesn’t Have to Boom for These Companies to Thrive
Oil-and-gas companies aren’t anywhere close to drilling as much as they did in 2014, but some oil-field service companies are squeezing out profit as if they were. Schlumberger said on Friday that its...
An Oil Strategy Failure And Beyond
TOPSHOT – US President Joe Biden (C-L) and Saudi Crown Prince Mohammed bin Salman (C) arrive for the … [+] family photo during the Jeddah Security and Development Summit (GCC+3) at a hotel...
It’s Raining Dividends in the Oil Patch
It’s raining oil! According to our permanently-confused commander-in-chief, that is a common condition in the winter in Delaware. And it apparently caused his “damn cancer”…whi...
The simple and complicated story behind Buffett’s massive oil buy: Morning Brief
As the old E.F. Hutton commercial said: When Warren Buffett talks, they say people listen. But when Buffett talked about Occidental Petroleum (OXY) at Berkshire Hathaway’s (BRK-A) annual meeting...
Biden’s adviser says oil reserve releases must end
One of Biden’s top energy aides confirmed Friday the administration won’t extend the oil releases from the Strategic Petroleum Reserve that are scheduled to end this fall. The Strategic Petroleu...
The U.S. Is Still The World’s Top Oil Producer
ODESSA, TEXAS – MARCH 13: An oil pumpjack setup in a residential neighborhood pulls oil from the … [+] Permian Basin oil field on March 13, 2022 in Odessa, Texas. The Permian Basin is the ...