A lot has happened in the energy markets in 2022, especially in the oil markets. WTI crude oil price surged to $130 in the second quarter of the year, after only in 2020 it had traded in negative terr...
Tag: Oil
Aviation Hits New Low, Ranks As 4th-Leading U.S. Export In 2022
Boeing 737 Max jets sat parked at Boeing Field in Seattle in late 2020, just after being granted FAA … [+] approval to fly again. The Boeing jets had been grounded for 20 months after two deadly...
Warren Buffett Beefs Up Occidental Petroleum Bet
Summary Buffett increased the holding by 6.67% as gas prices continue to climb. During Berkshire’s annual meeting, he expressed confidence in the CEO’s leadership. As oil prices continue t...
What Did Warren Buffett See in Occidental That Carl Icahn Missed?
Berkshire Hathaway ( (BRK.A) – Get Berkshire Hathaway Inc. Report) purchased another 9.6 million shares of Occidental Petroleum ( (OXY) – Get Occidental Petroleum Corporation Report), incr...
Oil CEOs Get Olive Branch From Granholm in Gas-Price Huddle
(Bloomberg) — The US energy chief struck a conciliatory tone in a high-stakes meeting with top oil executives to discuss soaring gasoline prices on Thursday, though the huddle yielded little pro...
Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices well above $100
Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices well above $100 Warren Buffett kept a lot of cash on hand in recent years. At the end of 2021, the c...
The White House summons oil executives to Washington and say they are hoping for more than ‘just scolding’
As part of a range of actions this week on gas prices, the Biden administration has summoned the heads of seven top oil refining companies to Washington after a week of tense back-and-forth with indus...
Crypto Crash: Could Bitcoin Ever Drop Below Zero Like What Happened With Oil?
One of the most bullish arguments before the recent cryptocurrency market crash was that bitcoin (BTC) had never tested a previous cycle’s all-time high prior to a halving event. And then this time ar...
Berkshire Hathaway Holds 16.3% of Occidental Petroleum After Recent Buys
Text size Warren Buffett, chairman and CEO of Berkshire Hathaway. Kevin Dietsch/Getty Images Berkshire Hathaway purchased more than $500 million of Occidental Petroleum stock recently and now holds a ...
Is It Too Late To Invest In The Oil Price Rally?
The oil market is currently going through one of the most turbulent periods since the infamous March 2020 collapse, as investors continue to grapple with recessionary fears. Oil prices have continued ...
As Guyana’s Oil Business Booms, Could A Potential New Deal With Exxon Loom?
Emily Pickrell, UH Energy Scholar Guyana flag, stock market, exchange economy and Trade, oil production, container ship in export and … [+] import business and logistics. getty The tiny South Am...
what does it mean for oil stocks?
Invezz does not provide financial advice. Our aim is to simplify information about investing, enabling each user to make educated decisions with their money and to take control of their financial futu...
Biden Proposes Gas Tax Suspension. That’s Not Why Oil Prices Are Falling.
Text size Crude prices fall as the Biden administration takes more steps to try to lower gasoline prices. Mario Tama/Getty Images Oil prices were falling Wednesday as President Joe Biden prepared to a...
Oil and gas stocks suffer broad, sharp selloff as crude futures drop
The S&P 500’s energy sector was suffering a unanimous selloff, as crude oil CL00, -6.61% and natural gas futures NG00, -1.32% slumped amid growing demand concerns and as the Biden administra...
Chevron, ExxonMobil CEOs Set The Stage For Thursday Meeting With Biden Officials
Mike Wirth, chairman and chief executive officer of Chevron USA Inc., speaks during the 2022 … [+] CERAWeek by S&P Global conference in Houston, Texas, U.S., on Monday, March 7, 2022. CERAWe...
Ukrainian Kamikaze Drone Strike Sets Russian Oil Facility Ablaze
Russian media are showing a video this morning of a kamikaze drone attack on a Russian oil refinery which leaves the site in flames. The strike looks like the sort of Drone Doolittle Raid which Forbes...
Crude oil price: there are no changes to the fundamentals – Amrita Sen
Crude oil price has erased the gains made earlier in the week to trade at a one-week low. As at the time of writing, Brent futures were at $110.00 after bouncing off its intraday low of $108.80. At th...
Energy Stocks Jump As Oil Surges Again—Prices Will Remain Elevated Through Summer
Topline Energy stocks once again outperformed the rest of the market as oil and gas prices remain elevated due to inflation; despite ongoing risks to tight global supply such as Russia’s invasion of U...
Marathon Oil is a strong buy at $24 as the sector remains strong
Marathon Oil Corporation (NYSE:MRO) is trading at $24.15. This comes after the stock declined 20.27% last week on the confirmation of the bear markets. The decline also marked three consecutive weeks ...
Crude Oil Resistance at $110
Although the broad markets have been sluggish, with the NASDAQ and S&P 500 both in bear markets, oil equities have performed well. Energy firms are among the top 15 gainers in the S&P 500 this...
Russian Oil Company Turns to Cryptocurrency Mining Amidst Crippling Western Sanctions
Jun 21, 2022 at 09:19 // News Russian oil company Gazpromneft announced that it will use its massive oil resources to mine cryptocurrencies. This comes after US sanctions on Russian oil have led to a ...
German Coal, French Nukes Throw Europe Deeper Into Energy Crisis
Wind turbines are seen near the coal-fired power station Neurath of German energy giant RWE in … [+] Garzweiler, western Germany, on March 15, 2021. – On March 16, 2021, the group will pre...
Russian Oil Flows to Europe Have Quietly Started Creeping Up
(Bloomberg) — Europe’s resolve to stop buying Russian crude may be starting to ebb.The continent’s oil refineries took 1.84 million barrels a day of crude from Russia last week, according to tan...
Russia leapfrogs Saudi Arabia as China’s biggest oil supplier—with some help from massive discounts
Russia has reclaimed its position as China’s biggest oil supplier, overtaking Saudi Arabia in May as Beijing cashed in on discounted Russian energy. Last month, Chinese imports of Russian oil surged b...
China swoops on cheap Russian oil as Western supplies dry up
Russia China oil sanctions – AP Russia has overtaken Saudi Arabia as China’s biggest oil provider as Beijing seeks to take advantage of the crisis by snapping up cheaper supplies. China’s crude ...
Has Crude Oil Made an Interim High?
Everyone is watching the price of crude oil. Everyone is sensitive to the latest price at the pump. Housewives, truckers, CEOs and even me. Everyone. This issue is a global phenomenon and if crude oil...
These dividend stocks yield at least 5% and have plenty of room to raise payouts
This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%. Below is a screen that highlights 29 that appear to be able to raise their payouts co...