&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>>>
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>>>
For a few years now, as I was covering the shale industry, I made it a point to highlight the need to pay very close attention to differing acreage quality within companies and between companies. It is a very important indicator of future profitability, which has been a very contentious issue in the past few years, as well as production growth prospects.
In the energy business, it is all about cash flow. Too many energy firms today have forgotten that simple fact. They finance their drilling with debt, then bow to Wall Streets insistence that they return profits to investors with dividends and share buybacks.
Thats an OK plan if you are Exxon (NYSE:XOM) or Chevron (NYSE:CVX) and you enjoy the kind of rating from Moodys, S&P, and Fitch....More>>>
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., left, plays table tennis with Billionaire Bill Gates, chairman and founder of Microsoft Corp. and Berkshire board member, on the sidelines the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, U.S., on Sunday, May 1, 2016. Dozens of Berkshire Hathaway subsidiaries will be showing off their products....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>>>
It may be a new year, but Russia makes no secret of its long-term dissatisfaction with U.S. politics, the dollar and, by extension, U.S. monetary hegemony in the world.
Russia has been under U.S./Western economic sanctions for over three years. Meanwhile, oil prices have been lower for longer, as the saying goes, due to global competition for market share from U.S. fracking. The overall impact....More>>>
U.S. equities were hit hard on Tuesday as traders returned from the long Labor Day holiday weekend, pushing stocks back toward the mid-August lows. With summer vacations over, children back in school and September’s history as the single worst month of the year for stocks seasonally speaking, traders were already on edge.
Increasing bluster from North Korea — including claims....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>>>
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