Friday, January 31, 2025
Oil & Gas 360 The U.S. energy sector, while not entering a downturn, is facing an extended period of lower oil prices, lower profits and tighter spending, ultimately leading to slower growth, fewer companies and fewer jobs

Oil Sector Cutting Spending as Wall Street Turns its Back

From the Houston Chronicle The U.S. energy sector, while not entering a downturn, is facing an extended period of lower oil prices, lower profits and tighter spending, ultimately leading to slower growth, fewer companies and fewer jobs in Houston and across the oil and gas industry. In less than a year, the fundamentals of energy markets have shifted dramatically, from

Tesla Stock Surges on Q2 Delivery and Production Records

From CNBC Tesla delivered 95,200 vehicles, produced 87,048 cars in Q2 Tesla’s stock surged in premarket trading Wednesday after the electric auto maker said it shattered its previous production and delivery records during the second quarter, soundly beating analysts’ estimates. The electric car maker released its delivery and production results Tuesday night, hinting at a strong third quarter that already

Saudi Aramco Met with Investment Banks in Prep for IPO Restart

From Bloomberg Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, months after putting the planned listing on hold, people familiar with the matter said. Aramco, the world’s most profitable company, recently held talks with a select group of investment banks to discuss potential roles on the offering, according to the people. Detailed work

If you have a meeting with Warren Buffett in Omaha and you want to keep it a secret, consider driving. The airports are being watched.

Hedge Funds Track Private Jets to Find the Next Mega-Deal 

Where there’s a plane, there’s a data trail From Bloomberg If you have a meeting with Warren Buffett in Omaha and you want to keep it a secret, consider driving. The airports are being watched. In April, a stock research firm told clients that a Gulfstream V owned by Houston-based Occidental Petroleum Corp. had been spotted at an Omaha airport. The