Venezuela’s President Nicolas Maduro, left, listens as CEO of state-controlled Russian oil company Rosneft Igor Sechin speaks during a ceremony for naming a street after late Venezuelan President Hugo Chavez in Moscow, Russia, on Tuesday, July 2, 2013. (AP Photo/Ivan Sekretarev)
As if Venezuela doesn’t have enough problems, its National Assembly is now picking a fight with....More>>>
Later this week, the Organization of Petroleum Exporting Countries and Russia meet in Vienna. The cartel and Russia, the largest non-OPEC oil producer, are expected to discuss potentially upping output to take advantage of higher prices.
Year-to-date, oil is one of the best-performing commodities and energy is the one of the top sectors in the S&P 500. The United States Oil Fund (NYSE:....More>>>
Oil fell slightly today, but watch out: crude at $100 a barrel is on the horizon.
Oil prices steadied Friday but still held above $70 a barrel as traders assess the implications of the U.S. re-instating sanctions against Iran while U.S. oil and producers ramped up domestic drilling.
Oil rigs increased by 10 to 844, according to Baker Hughes (BHGE) . Gas rigs, meanwhile,....More>>>
June 15, 2018: Markets opened lower Friday as traders waited for the expected announcement of Trump’s tariffs on certain Chinese goods. The announcement was quickly followed by a Chinese statement that it would retaliate. The Dow index got hit the worst in the sell-off, but the trade war has been telegraphed for at least three months, so most traders were in position. The energy sector was....More>>>
As is the case with many midstream companies in North America, the continent’s growing production of both oil and natural gas has inspired Energy Transfer Partners (ETP) to embark on several new projects meant to stimulate its growth over the coming years as well as better meet the growing needs of its customers in the energy production business. While I briefly discussed a few of these projects....More>>>
Allegations that casino mogul Steve Wynn sexually harassed numerous employees at his Las Vegas resort may tilt the scales at the upcoming trial with his ex-wife, who claims she was booted off the company’s board for challenging his “reckless behavior."
“It’s a game changer," said Devin McRae, a litigator with Early Sullivan Wright Gizer & McRae in....More>>>
The average U.S. price for a gallon of regular gasoline rose by 5 cents last week to start the new week at $2.76 according to the latest data from GasBuddy.com. Month over month the price is up more than 15 cents a gallon and is nearly 33 cents a gallon higher year over year. Last month the national average was $2.602 while the year-ago average was $2.426.
Only one among the 50 states saw....More>>>
Continental Resources (NYSE:CLR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday. The brokerage currently has a $75.00 price objective on the oil and natural gas company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 23.38% from the company’s current....More>>>
BP Plc agreed to invest $20 million in a developer of ultra-fast charging for batteries, a technology the oil major believes is key for accelerating the adoption of electric vehicles.
The lithium ion technology developed by StoreDot has the potential to recharge a car battery as quickly as refilling a gas tank, according to a joint statement released on Tuesday. The Israel-based firm’s....More>>>
U.S. drivers know that they’re getting a bargain when they are paying around $2.20 for a gallon of gasoline. Just a few years ago gasoline averaged almost $4.00 a gallon in the United States and everyone felt the pinch.
Cheap gasoline prices are relative. Some countries, like Venezuela and Saudi Arabia, have vast oil reserves and support domestic demand with subsidies paid for the country’s....More>>>