Why Wex Stock Easily Beat the Market This Week
The market was barely up this week as of 3:15 p.m. ET on Friday, despite getting thrashed o…
The market was barely up this week as of 3:15 p.m. ET on Friday, despite getting thrashed o…
OPEC+, the influential alliance of oil producers, is expected to issue its most sig…
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
After a steep decline last month, oil companies are witnessing strong buying. The announcem…
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
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
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
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.
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
Energy stocks have been a pretty weird trade over the past year. They’ve been incred…
Shares of large-cap oil and gas companies, including Warren Buffett holdings Chevron …
Leading oil & gas company Marathon Petroleum (MPC) reported solid second-quarter financia…