Oil gas

Oppenheimer Asset Management’s Chevron Holdings Expanded

Headlines,Oppenheimer Asset Management has expanded its stake in Chevron, reinforcing its focus on energy investments.,Institutional interest in Chevron has increased, with several funds strengthening their positions.,Chevron's robust presence in inv...

Brent crude oil price forecast: what is the path of the least resistance?

Crude oil price parred some of its losses on Wednesday’s trade while remaining close to the one-month low hit about two weeks ago. A bearish outlook persists amid a soft demand outlook from China and the world. Besides, a stronger US dollar has made...

Oil prices recoup some losses ahead of OPEC’s outlook report

Crude prices recouped some of the losses seen over the last couple of sessions on Tuesday as the market awaited the release of a monthly oil outlook report. The Organization of the Petroleum Exporting Countries is expected to release its monthly oil...

Saudi Aramco Q3 profit drops 15.4% amid lower oil prices

Saudi Arabia’s state-owned oil giant Aramco reported a 15.4% decline in third-quarter profit, driven by lower crude prices and weaker refining margins. Despite the income reduction, Aramco maintained its quarterly dividend at $31.1 billion, aligning...

Rising global oil prices fuel Malaysian palm oil market gains

Malaysian palm oil futures have climbed significantly, driven by the rise in global oil prices, as investors shift focus towards renewable energy sources like biodiesel. January contracts on the Bursa Malaysia Derivatives Exchange hit 4,876 ringgit p...

Mammoth Energy Reports Q3 Loss Amid Revenue Decline, Prepares for Future Investments

Highlights,Debt Elimination and Financial Recovery,: Mammoth has received $168.4 million from the Puerto Rico Electric Power Authority (PREPA) settlement, fully eliminating its debt and setting the stage for strategic investments.,Revenue and Profita...

Long WTI Crude Oil: Double bottom near $66.5 signals reversal potential amid strengthened uptrend

Occidental stock at $50: why it’s a no-brainer buy

Oil stocks are seeing a decline following an attack from Israel that killed four Iranian soldiers over the weekend. Investors’ concerns about global geopolitical instability and the broader repercussions for oil prices pushed Occidental Petroleum Cor...

Why oil prices may stall amid looming supply glut?

Even as the oil market struggles to break out of its current range of $70-$75 per barrel, adequate supply going into 2025 is likely to keep prices subdued.  Traders have been monitoring the situation in the Middle East, hoping that further escal...

NiSource Inc. Sees Institutional Interest Amid Stake Adjustments

Headlines,Assenagon Asset Management S.A. reduces stake in NiSource Inc.,Multiple institutional investors increase holdings in NiSource.,Current trading performance of NiSource Inc. shows resilience.,Assenagon Asset Management S.A. has reduced its st...

Short WTI Crude Oil: Wedge Breakdown Signals Renewed Downtrend

US crude inventories increase by 5.5 million barrels, exceeding analysts’ expectations

Crude oil inventories in the US rose by 5.5 million barrels in the week that ended Friday, comfortably beating the expectations of analysts, according to the Energy Information Administration (EIA). Analysts had expected inventories in the US to rise...

Range Resources (NYSE) Shares Experience Positive Movement on Analyst Upgrade

Headlines,Analyst upgrades boost Range Resources shares.,Current trading reflects increased interest.,Recent ratings indicate mixed analyst opinions.,Range Resources Co.,(NYSE:RRC),saw its stock price rise significantly ahead of trading on Wednesday...

Hyzon Secures Landmark Order for Hydrogen-Powered Trucks

Highlights,Hyzon secures order for hydrogen-powered refuse trucks in North America.,Collaboration with GreenWaste advances sustainability in waste management.,New partnership formed with New Way Trucks for production.,Hyzon Motors Inc, a leading name...

Oil Prices Surge Amid Escalating Middle East Tensions

Headlines,Stocks ended the day with mixed results as Wall Street assessed recent earnings reports.,Global oil prices surged amid rising tensions in the Middle East and,anticipated,demand impacts from fiscal measures in China.,Analysts suggest that th...

Crude oil prices rise 1% but bearish sentiment dominates market

Crude oil prices gained more than 1% on Monday after dropping 7% last week as the market focused on demand concerns. Last week, oil prices dipped sharply due to worries over demand from China, and easing concerns of potential supply disruptions in th...

Can Zephyr Energy’s New Drilling Boost Output?

Highlights,Zephyr Energy secures funding for extended lateral drilling in Paradox Basin.,Full funding agreement achieved without issuing equity or increasing exposure.,Drilling operations anticipated to begin late 2024 or early 2025.,Zephyr Energy PL...

Gevo’s Major Step Towards Net-Zero Emissions with Loan Commitment

Highlights,Gevo, Inc. has secured  loan guarantee for its Net-Zero 1 project.,The Net-Zero 1 facility will produce sustainable aviation fuel and other key products.,The project is set to significantly impact both the aviation sector and local economy...

Shift to EVs, especially in China, to create headwinds for oil market, says IEA

The shift towards electric mobility, especially in China, is expected to create headwinds for the oil market, the International Energy Agency said on Wednesday.  “China has been the engine of oil market growth in recent decades, but that engine...

Wall Street indexes retreat amid chip and oil stock sell-off

Wall Street’s major stock indexes experienced declines on Tuesday, with the Nasdaq leading the downturn as chip stocks sold off amid concerns over weak demand. Energy shares also fell in tandem with declining oil prices. As of 2:06 p.m. EDT, th...