Yahoo Finance Oil prices fell by more than $5 a barrel on Monday after disappointing Chinese economic data renewed concerns of a global recession that would be expected to reduce fuel demand. Brent crude futures fell $3.88, or 4%, to $94.27 a barrel by 12:34 p.m. EDT (1634 GMT) after settling 1.5% lower on Friday. U.S. West Texas Intermediate
DHT Holdings Inc. (NYSE:DHT) traded today at a new 52-week high of $8.00. So far today ap…
International Seaways Inc. (NYSE:INSW) traded today at a new 52-week high of $29.04. Appr…
CNBC Saudi oil giant Aramco reported a stunning 90% surge in second quarter net income and record half year results on Sunday, as high oil prices continue to drive historic windfalls for “Big Oil.” Aramco said strong market conditions helped to push its second quarter net income to $48.4 billion, up from $25.5 billion a year earlier. The result
World Oil American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement today on House passage of the Inflation Reduction Act: “While the Inflation Reduction Act takes important steps toward new oil and gas leasing and investments in carbon capture and storage, it falls well short of addressing America’s long-term energy needs and further discourages needed investment
Investing Kimmeridge Energy Management Co LLC on Monday confirmed it has amassed a stake in California Resources (NYSE:CRC) Corp and is engaging with the oil and gas producer to make changes that include selling some acreage to real estate developers. Sources familiar with the matter had earlier told Reuters the energy-focused activist investment firm owns more than 3 million shares
Civeo Corporation (NYSE:CVEO) (“Civeo” or the “Company”), a…
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