|Day's Range||2.6200 - 2.6200|
New questions are surfacing over whether or not Saudi Arabia can bounce back quickly from the oil field attacks. Mona Mahajan, Allianz Global Investors U.S. Strategist, joins Alexis Christoforous on 'The Ticker' to discuss.
Crude oil spikes after Saudi drone bombings over the weekend and questions pervade about how the U.S. should respond. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Sozzi, Scott Gamm and Bob McNally Rapidan Energy Group Founder and President discuss.
Talos Energy (TALO) expands GoM footprint with the acquisition of the Hershey prospect from ExxonMobil, while divests Puma West stake to BP for cost reduction.
Oil prices soared Monday after a strike on Saudi Arabian oil facilities. While oil prices dipped in the days following the attack, overall oil prices are up considerably for the week. Fears of escalating geopolitical tensions and a potential supply disruption from one of the world's largest producers fuels a bullish case for oil prices.
A new factory in Houston will boost production of Modumetal's rust-busting coatings for fasteners used in the oil and gas sector. The companies are also eyeing expansion to the construction and automotive markets.
Ion Energy Group Consultant Kyle Cooper told Yahoo Finance’s YFi PM that markets assumed Saudi Arabia's oil facilities were well-protected.
Apple will launch a legal challenge on Tuesday to a European Commission order to pay 13 billion euros ($14.4 billion) in Irish back taxes in a landmark case in the EU's crackdown on tax avoidance by multinational companies. The iPhone maker is expected to send a six-man delegation headed by Chief Financial Officer Luca Maestri to the two-day court hearing at the Luxembourg-based General Court, the EU's second highest court. In August 2016, the Commission said tax rulings by Ireland in 1991 and in 2007 had artificially reduced Apple's tax burden for over two decades, effectively making it illegal state aid.
Iran denies any role in the attack on Saudi Arabia's oil infrastructure but analysts say evidence points to Iran and they are calling for a response that may include military action against Iran.
BPX Energy, the onshore oil and gas unit of London-based BP PLC (NYSE: BP), is set to undertake a $3.5 million remodel of three floors in a recognizable Energy Corridor office building.
Remember that 'gaps always fill,' and while I would avoid entering the name on Monday if you haven't already, here's how and why to look for a way in at the right time.
The drone attack on Saudi Arabia could have a far-reaching impact on oil prices as it eliminated roughly 5% of daily oil supply globally and it is not possible to mitigate these losses immediately.
The timing for higher oil prices couldn't be more convenient for BP. The company is divesting assets and is bringing online production from major projects.
In the daily bar chart of Action Alerts PLUS holding BP, below, we can see that the stock price was already moving up ahead of this supply shock. The daily On-Balance-Volume (OBV) line turned up from the middle of last month signaling a shift from aggressive selling to aggressive buying. In this weekly bar chart of BP, below, we can see that the $36 area has been a key level the past two years and each time it was reached it was a buying opportunity.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Midcoast Energy, LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The valuations of integrated energy stocks ExxonMobil, Chevron, Shell, and BP have been slammed in Q3, led by volatile equity markets and oil prices.
The U.S. topped Saudi Arabia in oil exports in June as Riyadh complies with the OPEC cuts, according to an industry report Wednesday.
While EIA reports the fourth straight weekly inventory decline, crude prices fall after OPEC cut its forecast for oil demand growth this year and next.