SAO PAULO — Petroleo Brasileiro SA’s preferred shares PETR4, -6.45% fell 4% after Brazil’s new president removed the oil company, known as Petrobras, from a list of state-controlled businesses slated ...
Tag: Oil
BP and Shell Are a Buy in 2023. Why They’re Cheaper Than U.S. Oil Giants.
It was a great year for oil companies such as Exxon Chevron Shell and BP But the giants of European energy are still trading at significantly lower valuations than their American counterparts, which m...
Guyana’s Oil Boom Will Only Accelerate In 2023
Guyana’s offshore oil boom continues to gain momentum. It is the ExxonMobil-led consortium operating the 6.6-million-acre Stabroek Block offshore Guyana which stands to benefit the most from what anal...
Exxon and Chevron share $100bn in profit after surge in oil prices
ExxonMobil and Chevron are expected to rake in almost $100bn in combined profits from 2022 as the US corporate oil titans capitalise on surging fossil fuel prices following Russia’s invasion of Ukrain...
Gold, Silver, and Oil Predictions; Ellison’s FTX Testimony and the Sam Trabucco Mystery; Massively Eroded Dollar Sees the Fed Turn 109 — Week in Review – The Weekly Bitcoin News
Robert Kiyosaki says the time to buy gold and silver is now, predicting a stock market crash will send prices of the precious metals higher. In other news, the crypto community has been curious about ...
8 Consequential Energy Predictions For 2023
RIYADH, SAUDI ARABIA – DECEMBER 8: (——EDITORIAL USE ONLY â MANDATORY CREDIT – ‘ROYAL COURT OF SAUDI … [+] ARABIA / HANDOUT’ – NO MARKETING NO ADVERTISING CAMPAIGNS ...
The Right Strategy For Oil Companies In 2023
Oil and gas producers seemingly have settled on a strategy. OPEC and Russia will limit production and let prices rise during a global war-famine-pandemic. OPEC sets the price umbrella while the Russia...
An Oil ETF Outpaced Crude by 5 Times Last Year. The Downside: Volatility.
Shares of the U.S. Oil exchange-traded fund surged 5.2% in the week before Christmas, and ended up 27% for the year. Oil prices did rise last year by nearly 5%, but how did an ETF that tracks them out...
Energy Companies Increase Spending in 2023 as Oil Prices Rebound
Oil and gas companies plan to increase their capital expenditure budgets in 2023 due to gains in crude oil prices, executives said in a recent Dallas Federal Reserve‘s energy survey. The majorit...
100 Best Stocks Of 2022: Oil Stocks And Medicals Shine
Energy and medical names led the list of the 100 best stocks in 2022 as the year’s bear market ravaged tech stocks like Nvidia (NVDA) and Meta Platforms (META). X Fueled by Russia’s thrott...
Why 2023 May Finally Be The Year To Visit Saudi Arabia
Downtown Riyadh skyscrapers dominate the scene with more on the way. getty Saudi Arabia is a rapidly changing nation with its sights set on tourism growth and overhauling its brand image as a destinat...
3 Oil & Gas Royalty Trusts With Exceptionally High Yields
Oil and gas trusts are among the highest-yielding stocks in the stock market, making them attractive candidates for income investors. On the other hand, in contrast to the well-known oil majors, such ...
Exxon Stock: Should You Buy XOM On Forecasts For 2023 Earnings And Outlook For The Oil Industry?
Exxon Mobil (XOM) beat the odds. After being removed from the Dow Jones industrials index in August 2020 after 92 years, Exxon used a comeback in oil prices in 2022 as the catalyst to prove its worth....
5 events that might bring lower oil prices in 2023
WTI crude oil is back at levels seen at the start of the trading year. In other words, oil is flat on the year, which is pretty remarkable given the global geopolitical events. In February this year, ...
Poland, Germany’s Plans for Russia Oil Pivot Start to Take Shape
(Bloomberg) — Germany and Poland pledged to stop buying Russian oil by the end of this year. Their plans to do so are starting to take shape. Most Read from Bloomberg Germany, Europe’s top buyer...
Putin’s energy blackmailing of Europe represents the ‘end of the global oil market,’ top energy historian says
To say that Vladimir Putin threw a wrench into the global energy market this year is an understatement. Since Russia’s invasion of Ukraine in February, Putin’s favorite tool to erode support for the c...
Shale Oil Powerhouse Sues Its Own Investors After 4,000% Stock Surge
(Bloomberg) — One of the biggest landowners in Texas oil country doubled returns to investors in 2022. It’s starting the new year by suing some of them as a dispute over the future direction of ...
This Giant Oil ETF Is Seeing Phenomenal Returns. Why It’s Far Outpacing the Price of Oil.
Shares of the United States Oil Fund surged last week, capping a phenomenal run in recent weeks that far outpaced meager gains in the price of oil. USO (ticker: USO), which holds over $2 billion in as...
ISO New England Pumps Up The Fuel Oil Again During Winter Storm
Winter nor’easter in downtown Providence Rhode Island. Providence is the capital and most populous … [+] city in the state of Rhode Island getty New England seems unable to reduce its reli...
China’s Reopening Signals Return Of Bull Market
TOPSHOT – People sing slogans while gathering on a street in Shanghai on November 27, 2022, where … [+] protests against China’s zero-Covid policy took place the night before followi...
A New Type Of Oil And Gas Funding Is Booming
As banks have pulled back from funding oil and gas operations and other traditional sources of financing such as equity investment or reserve-based lending (RBL) facilities are drying up, private U.S....
Where To Look For Unrealized Value In Oil Markets
With the weakness in oil prices in Q-4, producing companies have struggled, in many cases giving up 20-30% of their early November peak share prices. The $109 average realizations of Q-2, and $94 real...
Stock Market Closes Higher On Bevy Of Economic Data But No Santa Claus Rally Yet; Oil Stocks Gain
The stock market closed slightly higher Friday after a slew of mixed economic data gave little indication that Santa Claus will be arriving in the market anytime soon. Oil giants ConocoPhillips (COP),...
Oil books biggest weekly gain since October as concerns rise over Russia supplies
Oil futures rose Friday, booking strong weekly gains, as concerns grew about a drop in Russian exports following the imposition of a price cap by G7 countries earlier this month. Russia’s deputy prime...
Oil Passes Natural Gas as Main Fuel for Power Plants in New England
(Bloomberg) — Oil took over from natural gas as the leading fuel for power plants in New England, a significant switch that signals how the grid is desperately trying to keep the lights on in th...
Oil: Price predictions for 2023
Crude oil prices were on a roller coaster ride in 2022, going north of $130/barrel in March amid the Russian invasion of Ukraine. Today, West Texas Intermediate (CL=F) is trading at around $80 while B...
Oil Markets Will Enter 2023 in a State of Creative Destruction
Illustration by Jon Krause Text size About the author: Karim Fawaz is an oil market analyst and research and analysis director at S&P Global Commodity Insights. The history of oil markets is litte...