Text size Comcast raised its dividend this week. Jeff Fusco/Getty Images for Comcast Chevron , Comcast , and Kimberly-Clark were among the many U.S. companies that declared dividend increases this wee...
Tag: Oil
CVX Stock Falls On Q4 Earnings Miss Even As Oil Prices Rebounded
Chevron reported mixed fourth-quarter results before the market opens Friday, giving investors a first look into oil majors’ earnings. CVX stock fell early Friday after hitting new highs Thursda...
Judge Tosses Out Offshore Oil Leases Signed By Biden Administration
Topline A federal judge rescinded oil and gas leases for a wide swath of the Gulf of Mexico on Thursday, arguing the government failed to consider their impact on climate change before they were aucti...
Natural-gas futures jump by more than 46%; oil settles lower
Natural-gas prices rallied Thursday, with traders shocked by a more than 46% jump in prices at the settlement, as the front-month February futures contract expired at the end of the trading session. N...
The Reasons Why A War In Ukraine Will Make Inflation Worse
A Russian tank rolls during a military drills at Molkino training ground in the Krasnodar region, … [+] Russia, Tuesday, Dec. 14, 2021. (AP Photo) ASSOCIATED PRESS With Russia massing troops at ...
Los Angeles bans new oil and gas wells, will phase out old ones
A view of the Marathon Petroleum Corp’s Los Angeles Refinery in Carson, California, April 25, 2020. Robyn Beck | AFP | Getty Images The Los Angeles City Council on Wednesday voted to ban new oil...
Two Wall Street’s favourite oil stocks for 2022
Wall Street is progressively turning positive on oil stocks after years of negativity, with a growing number of experts expressing hope that the worst may be behind us. For instance, after Goldman Sac...
Global oil benchmark tops $90 for the first time since 2014
An oil pump at sunset in Daqing, Heilongjiang province, China, on July 13, 2006. Lucas Schifres | Getty Images Brent crude futures, the international oil benchmark, topped $90 on Wednesday for the fir...
Blockchain Startup Data Gumbo to Automate Oil Drilling Contracts for Equinor
Data Gumbo, a US-based firm that provides trusted transactional smart contract network today announced it had allied with Equinor where the latter will tap its blockchain network to manage contracts a...
Occidental Petroleum is ‘the only oil stock that I don’t like here’
EQRx Inc.: “What certain companies have to do is, they have to buy biotech companies. This is the kind of company that needs to be bought. It shouldn’t be independent.” DigitalOcean ...
Crude oil price prediction amid heightened fears in Eastern Europe
Crude oil price has been in the green for five consecutive weeks amid heightened demand optimism. The last time that the commodity recorded such a streak of gains was between early September and mid O...
Oil Sellers Driven by Bearish EIA Report, Risk-Off Sentiment
U.S. West Texas Intermediate and international benchmark Brent crude oil futures edged lower for a second straight session on Friday but held on to enough of its earlier advances to post a gain for th...
Canadian Oil Companies Are Spending On Dividends Rather Than Expansion
About two years ago, OPEC+ made a high-stakes wager that it could curb oil production and drive crude prices higher without unleashing an onslaught of supply from U.S. shale producers. Indeed, Saudi A...
Oil Prices Fall Back Despite Bullish Predictions
Oil prices rallied this week on a set of bullish predictions from major investment banks but may have climbed too high too fast. Oil prices Rigs futures oil refinery Imports Gasoline Friday, January 2...
High Oil Prices Boost Commodity Currencies, Dollar Rally Stalls
An overnight change of fortune has resulted in a hike in commodity currencies like Canadian and Australian dollars. The hike was caused by a sudden surge in the price of oil which in turn supported th...
‘We Were Wrong’ About Exxon’s Prospects, Analyst Says
Text size Scott Olson/Getty Images A former bear on Exxon Mobil has changed his tune, and acknowledged that he underestimated the company’s comeback last year. RBC Capital Markets analyst Biraj Borkha...
Jim Cramer, who once saw oil stocks as uninvestable, explains new view
CNBC’s Jim Cramer on Wednesday offered a defense of his newfound optimism about investing in oil stocks, contending that he changed his mind after concluding the circumstances had evolved. ̶...
Arabic Cash: UAE Oil in the past – Long live Crypto!
While many countries tend to simply ban Bitcoin (BTC) and virtual assets, regulators in the United Arab Emirates are taking a different approach. The country is consistently building the groundwork fo...
Oil is at a 7-year high, but Exxon CEO Darren Woods sees lower trend
Darren Woods, CEO, ExxonMobil Michael Newberg | CNBC Oil prices rose to a seven-year high Tuesday amid ongoing supply concerns and escalating tensions in the Middle East, but Exxon Mobil CEO Darren Wo...
Brent Oil Jumps to Highest Since 2014 as Physical Market Booms
(Bloomberg) — Brent oil surged to the highest level in seven years as physical markets run hot in the world’s largest consuming region and Goldman Sachs Group Inc. said prices are headed for $10...
The Oil Market Is Already Looking Beyond Omicron
We are halfway through the first month of the new year, and oil’s bull run is showing no signs of slowing. Oil futures have vaulted 12% in the first two trading weeks of the new year, boosted by...
Latin American Oil Giants Struggle With Fuel Costs, Debt, And Pipeline Explosion
Petrobras Raises Fuel Prices for Consumers Brazilian motorists are soon likely to pay more at the pump after the country’s state-run oil company, Petrobras, raised gasoline and diesel prices on Wednes...
Oil Prices May Rise Even More on Tight Supply, Vitol Group Says
(Bloomberg) — The world’s biggest independent oil trader said crude prices, already up more than 10% this year, could rise even further because of tight supplies. Most Read from Bloomberg “These...
Oil Buyers Unfazed by China’s Plan to Release Oil Reserves
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading sharply higher late in the session on Friday, bolstered by supply constraints and geopolitical concerns ove...
China’s Attempt To Kill The Oil Rally Is Bound To Fail
In normal times, an announcement from China that it would release crude from its strategic reserves would drive oil prices down, but these aren’t normal times and the relentless oil rally has co...
One of the World’s Dirtiest Oil Patches Is Pumping More Than Ever
TORONTO—Major oil companies, under pressure from investors and environmentalists, are fleeing Canada’s oil sands, the fourth-largest oil reserve in the world and by some measures one of the most envir...
Bitcoin Outperformed Crude Oil, S&P 500, NASDAQ, and Gold in 2021 (CoinGecko Report)
Despite the price slumps at the end of last year, bitcoin still managed to close 2021 with an increase of over 60%. As such, it outperformed all other major asset classes for the second year in a row,...
Wall Street’s Favorite Oil Stocks for 2022—Including an Obscure One
Text size Bing Guan/Bloomberg Several analysts and strategists expect energy stocks to outperform the broader market in 2022, as they did in 2021. Energy tends to do well in inflationary environments,...
Crude Oil forecast after the price advanced above $83
Crude oil price advanced this Wednesday to a two-month high despite a big rise in U.S. gasoline inventories. The rise comes after U.S. Federal Reserve Chair Jerome Powell said that he believes the eco...
Wall Street: $100 Oil Might Just Be the Beginning
Text size The big question now for oil is where the U.S. dollar goes. Oil is priced in dollars and a strong dollar tends to hurt oil prices. Mario Tama/Getty Images A bet on $100 oil has gone from a l...