Iran may take the matter of oil exports into its own hands. It has signaled that it will stop shipping crude before sanctions by the European Union and U.S. are in place.…
Apple’s (NASDAQ: AAPL) extraordinary earnings and the size of its iPhone sales helped move its market cap well above $400 billion. The press constantly reminds readers that this is greater than any…
Yesterday’s release of a new study by the US Energy Information Administration (EIA) on the impact of natural gas exports on domestic gas prices is just beginning to have its own impact…
The US Energy Information Administration (EIA) today released a study on the impact of domestic pricing if the US begins to export natural gas. The question has been on the minds of…
Independent oil & gas firm McMoran Exploration Co. (NYSE: MMR) posted an unexpected profit today, leading other energy firms like Exxon Mobil Corp. (NYSE: XOM), Chevron Corp. (NYSE: CVX), and Hess Corp.…
Talks aimed at avoiding a Monday strike of Nigeria’s oil field workers have broken down. The union representing the workers has said talks will resume Saturday. International oil companies Exxon Mobil Corp.…
Nigerian workers have been striking against the doubling of gasoline prices in the country since the government eliminated its subsidy on January 1st. Now the country’s 20,000 oil field workers are threatening…
Each January, 24/7 Wall St. forecasts the publicly traded U.S. companies that will have the highest profits in the year ahead. This year, Apple (NASDAQ: AAPL) is likely to pass Exxon Mobil…
US markets opened up slightly this morning and have maintained a slight positive tone for most of the day. Today marks the unofficial beginning of another earnings season, with Alcoa kicking things…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Monday morning. Akamai Technologies, Inc. (NASDAQ: AKAM) Cut to Sell from…
Norway’s largest oil firm, Statoil ASA (NYSE: STO) said it has found a new reservoir in the Barents Sea that the company estimates to hold up to 300 million recoverable barrels of…
One of the largest crude oil refiners in the US, Tesoro Corp. (NYSE: TSO), this morning lowered its earnings guidance for the fourth quarter, projecting a loss of -$0.55 to -$0.80. The…
Two pipeline companies have agreed to a 50-50 joint venture to build a new 149-mile offshore gathering system in the Gulf of Mexico. Enterprise Products Partners L.P. (NYSE: EPD) and Genesis Energy…
In 2007, the Venezuela government expropriated the Cerro Negro project owned by Exxon Mobil Corp. (NYSE: XOM) after the US oil giant refused to take a minority stake in the project. ConocoPhillips…
As each new year replaces the prior year, 24/7 Wall St. looks at the individual targets on all 30 Dow Jones Industrial Average price targets from Wall Street analysts to come up…
