NEW YORK, NY – NOVEMBER 09: (L-R) Andrew Ross Sorkin, Kenneth I. Chenault and Larry Fink speak … [+] onstage at The New York Times 2017 DealBook Conference at Jazz at Lincoln Center on Nov...
Tag: Oil
Cutting Russia’s Oil Flow To Europe Would Be A Disaster
The Russia-Ukraine crisis has put the energy market on high alert for possible disruptions of Russian energy supplies to Europe. While most of the talk and headlines focus on a potential disruption of...
US Crude Oil Producers Add Rigs to Meet Future Demand
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures were higher late Friday after the International Energy Agency (IEA) said the global oil markets were tight, but further...
We Can Still Earn Big Dividends From Big Oil
Oil rig silhouette over orange sky getty Nearly two years ago, I recommended readers pick up cheap oil dividends that, at the time, yielded nearly 11.8%. With oil trading at negative prices (meaning p...
Big Oil Is Pumping Cash as If $100 Oil Has Already Arrived
(Bloomberg) — The world’s oil supermajors are pumping out cash as if crude was already trading at $100 a barrel. Most Read from Bloomberg BP Plc, Shell Plc, TotalEnergies SE, Exxon Mobil Corp. a...
Best Oil ETFs for Q2 2022
Oil exchange-traded funds (ETFs) offer direct access to the oil market by tracking the price of oil as a commodity. This approach is different from investing in funds that own a portfolio of oil stock...
Dow Plunges Over 400 Points, Oil Prices Surge Amid Fears That Russia Will Soon Invade Ukraine
Topline Markets plunged Friday after the White House said Russia could invade Ukraine “any day now,” including during this month’s Winter Olympics, a prospect which led panicked investors to dump stoc...
Oil jumps amid escalating tensions between Russia and Ukraine
Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices jumped in afternoon trading Friday amid...
Crude Oil forecast after the recent jump
Crude oil price is trading near recent highs after the U.S. Energy Information Administration (EIA) reported that crude oil production would reach record levels in 2023. According to EIA, crude oil pr...
Crude oil price forecast amid the demand/supply imbalance
Crude oil price has taken a breather after recording gains for seven consecutive weeks. In early Monday trading, the benchmark for global oil – Brent futures- hit a fresh 2014 high of $93.92. it has s...
Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges
(Bloomberg) — Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel. Most Read from Bloomberg State firm Saudi Aramco increased all...
These end-of-life planning forms will save your family a lot of heartache, the trouble with Alaska’s oil fund and more retirement news
From MarketWatch: Opinion: Big money trouble with Alaska’s $80 billion oil fund: A major political row has broken out at Alaska’s Permanent Fund, the state’s giant $82 billion oil fund, where the firi...
Bullish WTI Oil Traders Eyeing $92.38 for Next Breakout
U.S. West Texas Intermediate crude oil futures are edging higher late in the session on Friday, but slightly lower than its seven-year high reached earlier in the session. None-the-less, the U.S. benc...
Gas prices climb to highest level in more than 7 years as oil surges above $90
A gas station in Los Angeles on Dec. 10, 2021. FREDERIC J. BROWN | AFP | Getty Images Gas prices rose to the highest level in more than seven years Friday, on the heels of the U.S. oil benchmark toppi...
Oil Stocks At Or Near Buy Range As Oil Surges Above $90 On Winter Blast| Investor’s Business Daily
U.S. oil prices surged briefly above $92 per barrel early Friday, holding above the key benchmark as a massive winter storm swept through Texas headed toward the Northeast. X Thousands of flights were...
U.S. Shale Surge Should Worry Oil Markets, Conoco CEO Says
(Bloomberg) — ConocoPhillips said traders should be worried about strong oil production growth coming out of the U.S. this year and in 2023, potentially echoing the supply surges of the past dec...
U.S. Oil Price Tops $90 For First Time Since 2014
Crude Oil, Fossil Fuel, Price, Growth, Graph getty We’ve had two major boom/bust cycles since then, but 2014 was the last time the price for a barrel of West Texas Intermediate topped the $90 mark. Th...
Crude oil price: expect empty tanks at Cushing in February
Crude oil price remains close to the 2014 high it hit in the past week amid concerns over tight supplies. At the time of writing, Brent futures – the benchmark for global oil – were hovering below the...
In Speedy Meeting, OPEC Promises More Oil — But Can It Deliver?
Russian ministers chaired December’s OPEC meeting via video conference. Alexei Maishev/POOL/TASS With the winter Olympics around the corner it’s fitting that OPEC+ today held a record-fast meeti...
Exxon Joins Chevron in Permian Oil Surge as Peers Preach Caution
(Bloomberg) — President Joe Biden, who has asked OPEC+ to raise oil production faster to tame runaway energy prices, just got a gift on his home turf instead: a blockbuster growth forecast for U...
With Chevron Stock Near Record Highs, Analysts Are Divided
Text size A Chevron petroleum storage tank in Fort Lauderdale, Fla. The oil giant missed analysts’ earnings estimates when it reported fourth-quarter results on Friday. Joe Raedle/Getty Images C...
Biden helping states plug orphan oil gas wells, cut methane emissions
Oil pumpjacks operate in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Biden administration on Monday announced it will send $1.15 billion to st...
Oil Majors Expected To Post Strong Earnings Next Week
It’s early innings in the current earnings season, with just 4% of S&P 500 companies having reported fourth-quarter 2021 earnings. According to FactSet data, 76% of those companies have repo...
Hundred-Dollar Oil May Be Coming Within Months, Chevron CEO Says
Reuters Fed guidance on rates following liftoff may remain foggy The U.S. Federal Reserve clearly telegraphed a March interest rate hike after its meeting this week but the pace of what follows may re...
‘No one is above the law’: Oil tycoon tried to stiff his ex-wife in a bitter divorce — now he’s going to prison for tax evasion
Todd Kozel made his riches in the oil fields of Kurdistan and now will have to pay the price. The once-jet-setting co-founder and chief executive of Gulf Keystone Petroleum is headed to prison for fiv...
Oil is the hottest sector, and Wall Street analysts see upside of up to 48% for favored stocks
Energy is the best-performing stock-market sector this year. Given today’s strong economic growth and inflation, many believe oil prices could remain at current levels for years or maybe even move hig...