The US Bureau of Ocean Energy Management, Regulation and Enforcement, BOEMRE, has notified 13 companies that they will be able to resume drilling in the Gulf of Mexico without needing to submit…
Momentum is building for oil prices to breach the $100/barrel level again. The black stuff has gained nearly 9% in December, and a total of 15% for 2010. This is good news…
How big oil stocks perform in 2011 will be highly dependent on the price of crude oil. That’s not a particularly original thought, but it remains true nonetheless. The price of crude…
The price for a barrel of crude has risen about 17% since the beginning of 2010, to near $92/barrel. Positive forecasts for global economic growth, combined with a weaker US dollar are…
These are some of this Tuesday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Amgen Inc. (NASDAQ: AMGN) Raised to Overweight at Piper Jaffray. AT&T Inc. (NYSE: T)…
The US government has broadened it probe of insider trading. (Reuters) The euro will not last more than a few years, according to Jim Rogers. (Reuters) Fannie Mae and Freddie Mac are…
Updated throughout the day. Samsung will try to push cellphone unit sales up 18% next year to 330 million (Electronic Times) BP plc (NYSE: BP) may sell its North Shore assets…
Reuters: Obama’s deal with Congress will extend Bush tax cuts for two years. Reuters: The US will sell its remaining shares in Citigroup (NYSE: C) and will make a $12 billion profit.…
Pfizer’s (NYSE: PFE) CEO Jeff Kindler resigned because he was tired, he says. “The combination of meeting the requirements of our many stakeholders around the world and the 24/7 nature of my…
The US Energy Information Administration has just released its summary of US oil and natural gas reserves as of the end of 2009 and the look-back will only highlight the future ambition…
Now that BP plc (NYSE: BP) has topped $20 billion in divestments to help pay for the estimated $40 billion in damage caused by its Macondo well blow-out in April, the company…
BP plc (NYSE: BP) may still be very hated by many in the Gulf Coast region. The company is still trying to make good on its capital raise efforts to scale down…
Jon C. Ogg Reuters: ECB executives sought to calm capital markets and assure them that the Ireland bailout should stabilize the euro. Reuters: Online bargain hunting has spread beyond CyberMonday. Reuters: Members of the President’s…
Among the causes of the spread of crude from the leak caused by an explosion of the Deepwater Horizon rig were that the federal government was in no position to assess the…
Douglas A. McIntyre Hewlett-Packard (NYSE: HPQ) raised its earnings outlook for 2011. (Reuters) J Crew Group (NYSE: JCG) is close to a $2.8 billion takeover by private equity interests. (Reuters) Oil fell to near $81…