oil and gas

Short Sellers Split on Direction for Energy Stocks 

Crude oil traded around $58.85 a barrel early Wednesday, up about $0.40 in the past week but still well short of a recent high of $62.90 posted on September 16, ...
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Saudi Aramco Shares Debut Wednesday in Riyadh

The seemingly star-crossed initial public offering (IPO) of 1.5% of Saudi Arabia's state-owned oil company, Saudi Aramco, finally hits the tape on Wednesday. First scheduled to happen by the end ...
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6 Strong Buy Oil and Gas Stocks Called to Surge in 2020

With the major indexes up over 20% in 2019, which is looking to come in as the best year for investors since 2013, it has been a banner year for ...
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OPEC+ Agrees to Cut Another 500,000 Barrels of Production

As expected, OPEC and its non-member partners (OPEC+) announced Friday that the group will reduce its production target by an additional 500,000 barrels a day, bringing total cuts down by ...
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Saudi Arabia, Russia to Propose Slashing Oil Production Cuts by Another 42% 

The Wall Street Journal reported Thursday morning that a select committee of OPEC members, including representatives of Saudi Arabia and Russia, will recommend that the cartel and its partners, collectively ...
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What to Expect From Thursday’s OPEC Ministers Meeting

When oil ministers from OPEC oil producers begin their meeting on Thursday, analysts and traders will be looking for an extension of the cartel's current production cuts, or even better, ...
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Oil Major Repsol to Take $5.3 Billion Charge for Going Green

Madrid-based oil and gas company Repsol on Monday announced that it will eliminate by 2050 all greenhouse gas emissions from its own operations and from the energy it sells to ...
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Why Oil Driller Apache’s Shares Are Tanking

When Apache Corp. (NYSE: APA) announced quarterly results in late October, the company said it was drilling its Maka Central #1 well and expected to reach a planned total depth ...
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New Light Vehicle Sales of Gas-Powered Vehicles Hit a Peak–in 2016

A recent study published by Third Way, a national think tank that "champions modern center-left ideas," suggests that sales of new light vehicles (passenger cars, pickups, and SUVs/crossovers) powered by ...
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Short Sellers Making Opportunistic Moves in Energy Stocks 

Crude oil traded around $58.56 a barrel early Wednesday, up more than $1.50 in the past week and creeping up toward a recent high of $62.90 posted on September 16, ...
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The Exxon Mobil of 2020 to 2030 Will Be Quite a Different Company Than in Its Past

It's no secret that it has been hard for investors to make big profits in the oil and gas sector in recent years. Oil stocks haven't exactly screamed higher when ...
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Should Frackers Be Worried About California Ban Being Copied in Other States?

When people who work within or invest in oil and gas within the energy sector hear about a ban on hydraulic fracturing and steam injection, they are probably thinking about ...
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OPEC Maintains Forecasts as Crude Prices Remain Subdued

The Organization of the Petroleum Exporting Countries (OPEC) saw the price of its reference basket of crude oil components fall by 3.9% in October to $59.91 a barrel, following a ...
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Merrill Lynch Identifies Deepwater Offshore Oil Winners for 2020 and 2021

Oil and gas has been a rough and difficult space for investors. Even though the industry likely has a long future, the investing community hasn't exactly been a big endorser ...
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Pitfalls Hiding in the Saudi Aramco IPO Prospectus

The long-awaited and often-delayed initial public offering (IPO) of Saudi Arabian Oil Company (aka, Saudi Aramco) is about to begin accepting bids for shares in what is by acclamation the ...
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