Buffett Gets $200 Million Payday From Occidental
Occidental Petroleum reported Monday that it will make its quarterly $200 million coupon payment to Warren Buffett in cash, not stock, for the third quarter of this year.
Energy
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How the Libyan Tail Is Wagging the OPEC Dog
A reported agreement that would get Libyan oil flowing into the export market has sent crude prices tumbling Monday morning.
How 6 Refiners Look as Moody’s Sees Rebound in Sector Earnings
Moody's has upgraded its outlook on the oil refining and marketing sector from negative to positive for 2021. The upgrade is based on sharp improvements over a dismal 2020.
Business Roundtable Releases Plan to Combat Climate Change
The Business Roundtable has released a new statement on principles and policies to address climate-change, including a recommendation for setting a price on carbon.
IEA Again Cuts 2020 Crude Oil Demand Estimate
The International Energy Agency on Tuesday issued its oil market report for September. The short version is that demand is expected to decline further and so are crude prices.
Oil and Gas Short Sellers May Be Taking Profits
Short sellers mostly shaved their positions in oil and gas stocks in the two-week reporting period that ended August 31. Falling crude prices may change their minds again, though.
Short Sellers Jump on 2 Solar Stocks, Mostly Bypass Alt Energy
In the two-week reporting period that ended August 31, short sellers piled into two solar stocks while mostly ignoring alt energy.
Why Keeping Oil in the Ground May Be the Only Option to Low Crude Prices
Increasing oil production among OPEC+ partners and in the United States is keeping a lid on crude prices and new estimates do not see an end to the oil market glut until late next…
Is Demand Destruction Behind the Drop in Crude Oil Pricing?
WTI crude oil has dropped nearly 9% early Tuesday as demand has slipped again, leaving bulging inventories and a prediction for continued low prices.
New Shares of Whiting Petroleum Begin Trading as Company Exits Bankruptcy
Oil and gas producer Whiting emerged from a prepackaged bankruptcy on Wednesday. New shares opened at around $15 a share.
Why Schlumberger Is Giving Away Its Fracking Business
Oilfield services firm Schlumberger is giving its North American fracking business to Liberty Oilfield Services in exchange for a piece of the combined business.
Goldman Sachs Has 5 Top Oil Picks for Gains Into 2021
The analysts at Goldman Sachs feel that oil could rise by 20% or more next year, and now is a great time to add these top stocks, three of which are on the firm's…
World’s Electric Utilities Failing at Adoption of Renewable Fuels
A new quantitative study of renewable energy generation indicates that the outlook for renewables may not be as rosy as it seems.
Short Sellers Cool to Solar Stocks, Pile Into One Alt Energy Stock
Short interest changes in solar stocks were modest during the two-week reporting period ended August 14. Alt energy stocks saw bigger moves, with shorts added 450% to their positions in one stock.
Oil and Gas Short Interest Wanes as Crude Prices Inch Higher
Short interest in oil and gas stocks generally fell during the two-week reporting period that ended August 14. There was, however, one significant exception.