Why Wex Stock Easily Beat the Market This Week
October 7, 2022
The market was barely up this week as of 3:15 p.m. ET on Friday, despite getting thrashed o…
Oil prices up ahead of OPEC+ meeting in Vienna
October 7, 2022
OPEC+, the influential alliance of oil producers, is expected to issue its most sig…
Goldman Sachs boosts oil price predictions in bullish update
October 7, 2022
Oil Price Goldman Sachs raised its 2022 price forecast for Brent crude from $99 to $104 per barrel. The increase was driven by the OPEC+ decision to reduce output by 2 million bpd. Although the 2-million-barrel figure is nominal and the actual output cut would be smaller, at around half that, the bank believes the physical oil market is tight enough
3 No-Brainer Oil Stocks to Buy in October
October 7, 2022
After a steep decline last month, oil companies are witnessing strong buying. The announcem…
Shale drillers struggle to find workers as unemployment dropped last month
October 7, 2022
Yahoo Finance The job market in the US shale patch is showing further tightness as drillers struggle to find enough workers to meet output targets this year, according to a Labor Department report released Friday. The unemployment rate fell to 2.5% in September from 2.6% in the prior month on an unadjusted basis, government figures show. That compares with
New premier in Canada’s oil-rich Alberta set to defy Trudeau
October 7, 2022
BOE Report Alberta’s incoming premier has set the stage for a showdown with Canada’s federal government and push back against federal laws which is likely to set the oil-rich province on a collision course with Prime Minister Justin Trudeau. Danielle Smith, 51, was chosen by members to lead Alberta’s ruling United Conservative Party (UCP) on Thursday, just seven months ahead
Biden is disappointed in Saudi’s oil output cut but doesn’t regret trip
October 7, 2022
World Oil (Bloomberg) — U.S. President Joe Biden said he’s disappointed by the surprise OPEC+ decision to slash oil production but that he doesn’t regret a trip to Saudi Arabia just three months ago in which he urged its leaders to keep crude flowing. “Disappointment. And we’re looking at what alternatives we may have,” Biden told reporters at the
OPEC+ production cut adds to uncertainty in oil markets
October 7, 2022
Oil Price This week’s decision from OPEC+ to cut the alliance’s collective oil production target by 2 million barrels per day (bpd) isn’t helping the already uncertain outlook of oil supply and oil trade flows, refiners and traders tell Bloomberg. Earlier this week, OPEC+ announced the biggest cut to its collective target since 2020, slashing the production target by 2 million bpd.
API urges Interior to support U.S. energy security, economic strength with 5-year offshore program
October 7, 2022
World Oil WASHINGTON – The American Petroleum Institute (API) today submitted comments urging the U.S. Department of the Interior (DOI) to open offshore acreage to safe and environmentally responsible American energy development. In its comments in response to the 2023-2028 National Outer Continental Shelf Oil and Gas Leasing Proposed Program and Draft Programmatic Environmental Impact Statement, API highlighted the importance of offshore
2 Energy Heavyweights With Bountiful Dividend Yields
October 7, 2022
Energy stocks have been a pretty weird trade over the past year. They’ve been incred…
Why Chevron, Occidental Petroleum, and Devon Energy Rallied This Week
October 7, 2022
Shares of large-cap oil and gas companies, including Warren Buffett holdings Chevron …
1 Popular Energy Stock Hedge Funds Keep Buying
October 7, 2022
Leading oil & gas company Marathon Petroleum (MPC) reported solid second-quarter financia…
