&l;p&g;Oil cartel OPEC just about managed to keep all of its members onside and attempted to convince the wider market it was bringing more crude barrels to the market, following the conclusion of its latest ministers&s; meeting in Vienna, Austria on Friday (June 22).
Back in November 2016, OPEC initiated its &l;a href=&q;http://www.forbes.com/sites/gauravsharma/2016/11/30/despite-opecs-output-cut-oil-market-rebalancing-has-some-distance-to-run/&q;....More>>>
With an end-of-the-month deadline looming, Kinder Morgan (NYSE:KMI) and the Government of Canada struck a deal to keep the controversial Trans Mountain Pipeline expansion project alive after the pipeline giant agreed to sell the existing line and the planned expansion to Canada for 4.5 billion Canadian dollars ($3.5 billion). The deal will enable Kinder Morgan to walk away from the controversial....More>>>
Oilprice.comhas a lengthy piece about howinvestors are searching for creative new ways to increase the global supply of lithium with aboom in Canadian lithium mining pushing existing and up and coming minerslike Azincourt Energy Corp (TSX-V: AAZ; OTCMKTS: AZURF) to tap new deposits of lithium. The article pointed out that:
The fact that China is trying to corner the market has made the search....More>>>
June 26, 2018: The S&P 500 closed up 0.2% at 2,722.96. The DJIA closed up 0.1% at 24,281.07. Separately, the Nasdaq was up 0.4% at 7,561.63.
Tuesday was a positive day for the broad U.S. markets with each of the major exchanges recovering, if only slightly, from Monday. Crude oil was pushed much higher in the session, retreating over $70. The S&P 500 sectors were split down the middle.....More>>>
June 15, 2018: The S&P 500 closed down 0.1% at 2,779.41. The DJIA closed down 0.4% at 25,088.05. Separately, the Nasdaq was down 0.2% at 7,746.38.
Friday was a down day for the broad U.S. markets. The Nasdaq took a day off from hitting new all-time highs and the S&P 500 is still holding just below the 2,800 mark. Crude oil got crushed in Fridays session and is back below $65. The....More>>>
SAUSALITO, Calif. Maurizio Reggiani, the director of research and development for storied Italian supercar builder Lamborghini, takes in the knife-edge lines of his latest creation, the $275,000 Huracan Performante. He is pleased.
“This car represents so much of what we are,” says Reggiani, who joined CEO Stefano Domenicali for a breakfast interview with USA TODAY Tuesday. “We....More>>>
Franco-Nevada (NYSE:FNV) went public in the U.S. market more than a decade ago, and over that time, the company has established itself as a major player in an important niche in the natural resources industry. Franco-Nevada neither mines gold nor drills for oil, but by helping to finance projects that mining companies and oil drillers want to pursue, it ensures it can get a cut of the profits. That’s....More>>>
Exxon Mobil (NYSE:XOM) just reported earnings and the Street is selling on the news. The energy sector as a whole was getting beat up last week, and this is the first substantial selloff we have seen in the name for some time. We like to look at the name from a long-term perspective, and that necessitates that we have a solid grasp on the fundamentals of the name, especially since this is the one....More>>>
On a day that OPEC actually announces a production cut, which is actually just announcing a formalized cut after previously announcing that a cut was coming, many of the top oil stocks have risen handily. Where the moves look really crazy is in the more speculative second-tier oil stocks which are either not as strong in the balance sheet or which are still down massively from their highs of 2014....More>>>
Oil tallied a third straight gain Wednesday, with U.S. prices settling at a five-week high and Brent at its highest since April, buoyed by a report from the International Energy Agency that showed global crude production fell for the first time in four months in August.
Traders also weighed weekly data from the U.S. government which revealed a smaller-than-expected rise in crude supplies,....More>>>
7 Reasons Teslas Stock Should Continue To Appreciate
Tesla (TSLA) reported a wider than expected loss Wednesday after the bell, the biggest in the companys history. Teslas net loss for the quarter amounted to roughly $718 million, a considerable $4.22 cents a share.
Cal-Maine Foods (NASDAQ: CALM) released earnings on last Monday and missed expectations on earnings as well as on revenue. The revenue for 39 weeks ended was literally cut in half compared to 2016 revenue declined from $1.6 billion to $800 million, a net income of $316 million in 20
Music streaming service Spotify (MUSIC) will go public sooner rather than later. Reuters reported a valuation around $16 billion ahead of the expected IPO, while Fortune valued the company at $20 billion in September of this year. Apart from the numbers and the final valuation, Spotify going publ