Oil major ConocoPhillips Corp. (NYSE:COP) released its third quarter 2009 interim update this morning, and while the news was not altogether positive, the company’s share price is up nearly 2.5% in early…
The US Department of Energy’s Energy Information Administration has released its weekly status report on crude oil inventories, and once again they are higher, this time by 2.8 million barrels. Gasoline inventories…
China has made aggressive investments in oil production facilities and fields in Venezuela, Brazil, and several places in the Middle East. Almost all its multi-billion dollar deals are aimed at locking up supply to…
Angola’s state-owned oil company, Sonangol, has exercised its right of first refusal to purchase a 20% stake in block 32 offshore Angola from Marathon Oil Corp. (NYSE:MRO). In July, Marathon announced that…
Now that we are out of the woods in the crash scenario, assuming this week is no ill omen, investors may want to know which of the big companies would start to…
The Times of London claims that people within the British government turned over convicted Lockerbie bombing participant Abdelbaset Ali Mohmed al-Megrahi to Libya as part of an attempt to secure a major…
Reuters: HP (HP) issued optimistic guidance. Reuters: China is investing in the private housing sector. Reuters: Buffett says the US is on a slow path to recovery. Reuters: US regulators urged Citigroup…
There is a tremendous amount of agita about the Chinese arresting four Rio Tinto (RTP) employees on charges of trade secret infringement and bribery. The action came too soon after Rio Tinto…
Douglas A. McIntyre Fidelity Management & Research Company, or FMR, was among the giants which released its quarterly holdings over the most recent days. While it is always interesting to see which holdings are the…
It always good to keep watch lists. There were some key issues over the last week that will have important implications for the coming week (or weeks). This is definitely the case…
These are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at…
We have already seen earnings from Valero Energy Corp. (NYSE: VLO) and BP Plc (NYSE: BP), and these figures are acting to keep a lid on oil stocks. There is, of course,…
One piece of news no one ever expected to hear is that Exxon (XOM) will put $600 million into a project that seeks to convert algae into liquid fuel for transportation. The…
Douglas A. McIntyre Reuters: Riots in China show the nation is in flux. Reuters: The US is considering mortgage aid for the unemployed. Reuters: The June budget gap was $94 billion. Reuters: Rattner stepped down…
Reuters: Pandit bought time at Citigroup (C) with a management reshuffle. Reuters: Obama’s healthcare and climate plans are running into resistance. Reuters: AIG (AIG) will pay more executive bonuses in July. Reuters: …
