A series of high-quality oil discoveries in Block 58 offshore Suriname combined with investment bank Morgan Stanley estimating that the block contains 6.5 billion barrels of oil sparked optimism that ...
Tag: Oil
SLB Stock Drops On Strong Earnings, Bullish 2023 Outlook For Oil And Gas| Investor’s Business Daily
SLB (SLB), formerly known as Schlumberger, topped fourth-quarter revenue and earnings views. SLB stock rose early Friday before reversing as the oilfield service giant gave an optimistic outlook for 2...
What If Both Sides Of The ESG Debate Are Right About US Majors’ Oil And Gas Investments, But For The Wrong Reasons?
My hypothesis is that US majors underinvest both in renewables and in oil and gas needed to get us through the energy transition. Perhaps, the right question, addressed to both the anti and pro ESG wi...
Oil Stocks To Watch: Exxon Mobil Fuels Buy Point With 159% EPS Growth On Tap
Wall Street has eyes on Exxon Mobil (XOM) as the oil stock looks to energize a new breakout ahead of Jan. 31 earnings. Analysts expect the energy leader to fuel 62% EPS growth for the quarter, capping...
GOP lawmakers in Wyoming just proposed a ban on EV sales, phase-out by 2035 — here are 3 big oil stocks to revisit
‘Impracticable for the state’: GOP lawmakers in Wyoming just proposed a ban on EV sales, phase-out by 2035 — here are 3 big oil stocks to revisit Sales of electric vehicles have been boomi...
Are Triple Digit Oil Prices In Your Future?
Jeff Currie at Goldman Sachs made headlines recently predicting higher commodity prices for 2023, including “’Does anyone remember what happened to oil prices from January of ‘07 to July of ‘08?’ Curr...
After Two Incredible Years, U.S. Trade Will Slow, Possibly Until 2025
Silhouettes of onshore oil and gas well in the field outdoors against blue cloudy sky getty U.S. trade growth will be slow to nonexistent for many U.S. airports, seaports and border crossings for the ...
Bitcoin Too? Saudi Arabia To Take Non USD Currencies For Oil
Per a report, the biggest oil exporter in the world, Saudi Arabia, might take a hit to the U.S. dollar (USD) supremacy for the benefit of Bitcoin and other global currencies. During the World Economic...
Norway’s Gas Bonanza Set to Boost Already Gigantic Oil Fund
(Bloomberg) — Norway’s windfall natural gas revenue drove the nation’s exports to a record last year in a boon for its $1.3 trillion sovereign wealth fund. Most Read from Bloomberg The Nordic co...
Stock Market Investing Action Plan: Netflix, Schlumberger Earnings; Will Oil Top $80?
The stock market showed modest signs of rising strength as the young uptrend gained a dash of momentum. Industrials and materials stocks continue to gather strength, and oil prices are back near the u...
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...
Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply
Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies as oil. In the digitizing world, power tools commonly come with Bluetooth chips that tr...
ConocoPhillips in Talks to Sell Venezuelan Oil in U.S. to Recover Billions It Is Owed
ConocoPhillips, which abandoned Venezuela after its assets were nationalized in 2007, is now open to a deal to sell the country’s oil in the U.S. as a way to recover the close to $10 billion it is owe...
2nd Bill Prohibits Oil Sales, As Beijing Becomes A Target
Topline The Republican-led House is expected to vote Wednesday on legislation that would prohibit the Biden Administration from selling oil from the Strategic Petroleum Reserve to Chinese-linked firms...
The Post-Everything Energy Market
One of the most puzzling aspects of oil market analysis (and policy making more generally) concerns the frequent tendency to assume that short-term and transient developments represent the ‘new normal...
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 ...
15+ oil price statistics every oil trader should know
The energy crisis and especially the oil prices shaped the world’s economies in 2022 amid increased inflation rates. Invezz has compiled data on oil price statistics around the world to help with crea...
Why Goodyear is all in on making tires from corn and soybean oil
The era of making tires solely from various unfriendly Earth materials is coming to a close, at least according to Goodyear Chairman and CEO Rich Kramer. “It’s the right thing to do as we ...
Analysts Remain Bullish On Oil Prices Despite Looming Headwinds
BEIJING, CHINA – DECEMBER 09: Medical workers wear PPE as they arrive with a patient on a stretcher … [+] at a fever clinic on December 9, 2022 in Beijing, China. In a major shift in the c...
BP and Shell vs. Exxon and Chevron: The Mystery of Big Oil’s P/E Gap
Last year, global oil companies boomed. BP and Shell both based in London, saw share prices rise some 40% in 2022 and trade at five times forward earnings. U.S.-based Exxon Mobil soared nearly 80% and...
2022 Saw The Second Highest Oil Production In U.S. History
FILE – Oil rigs stand in the Loco Hills field along U.S. Highway 82 in Eddy County, near Artesia, … [+] N.M., one of the most active regions of the Permian Basin. Government budgets are bo...
Shell to Pay $2 Billion in Windfall Taxes. Why the Stock Is Rising.
Shell Europe’s largest oil and gas company, said it will have to pay about $2 billion in additional taxes in the fourth quarter, but still sees strong earnings from natural gas trading for the period....
10 Biggest Canadian Oil & Gas Companies
The Canadian Oil and Gas Industry The oil and gas industry in Canada, as in other regions, is generally divided into three main segments: upstream, midstream, and downstream. Upstream companies engage...
Quantum Private Equity Scores Again, With Rumored $4.6B Sale Of U.S. Shale Gas Reserves To Japan
Drilling for gas in the Marcellus shale. AFP via Getty Images New year, new deals for $19 billion private equity shop Quantum Energy Partners and CEO Wil VanLoh. Last month Quantum portfolio company T...
Charts suggest oil, natural gas and wheat could be due for a ‘boom,’ Jim Cramer says
CNBC’s Jim Cramer on Tuesday said that certain commodities could make a comeback soon. “The charts, as interpreted by Carley Garner, tell us that the boom and bust cycle in commodities nev...
Jim Cramer’s Investing Club meeting Wednesday Oil, Morgan Stanley
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Stay bullish on oil Look...
Russia’s Oil Flows Slump to 2022-Low as Sanctions Squeeze Moscow
(Bloomberg) — Russia’s crude shipments slid to the lowest for 2022 in the final four weeks of the year as sanctions crimped Moscow’s exports. Cargoes bound for China, India and Turkey, whi...
The Oil Market Crisis Sparked By Russia’s Invasion Is Nearing Its End
Russia’s invasion of Ukraine back in February triggered a major market crisis. Oil and gas prices soared to multi-decade highs; coal prices grew by nearly 70%, global wheat prices increased by over 60...
These 15 Dividend Aristocrat stocks have been the best income builders
The S&P Dividend Aristocrats deserve more coverage. Those are companies that have raised their dividend payouts consistently over the years — they’re dividend royalty, as it were. As a group, they...