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Chevron CEO Talks Dividend, Oil Prices And Venezuela
Friday, May 1, 2020 - 1:32pm | 441Read More...One of the key takeaways from Chevron Corporation's (NYSE: CVX) earnings report is its commitment to protecting dividends as its "financial priorities have not changed," CEO Michael Wirth said on CNBC's "Squawk Box." Chevron reported quarterly earnings of $1.93 per...
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BP Exec: Oil Prices Have No Path To Upside For Now
Monday, March 16, 2020 - 9:44am | 328Read More...Oil prices were lower by nearly 10% Monday morning and likely have more downside potential as we will "likely see negative demand" for the commodity this year, BP (NYSE: BP) CFO Brian Gilvary said on CNBC. What Happened BP was modeling as early as February demand for oil to weaken by 300,...
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Tanker Rates Spike As Saudis Pull Trigger On Oil Price War
Wednesday, March 11, 2020 - 12:14pm | 1309Read More...Saudi Arabia was not bluffing when it said it would focus on crude-oil market share. New tanker charter contracts at extremely high rates confirm that a large wave of Saudi oil is definitely en route. Rates for VLCCs (very large crude carriers; tankers that carry 2 million barrels of crude oil)...
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Cramer Says To Sell Oil Stocks If Saudi Arabia, Russia Reconcile
Tuesday, March 10, 2020 - 3:27pm | 467Read More...Oil stocks could rebound if Saudi Arabia and Russia resolve their differences and "save OPEC," and investors should take advantage of any near-term gains by selling their position, according to Jim Cramer. Cramer Advises Selling Oil Names With 'Terrible Balance Sheets' Saudi...
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Oil Price Shock Threatens Rail Traffic – FreightWaves NOW
Monday, March 9, 2020 - 3:05pm | 90Read More...Zach Strickland examines a surge in truckload volumes before diving into the Ontario, CA market in the Carrier Update presented by PowerFleet, Donny Gilbert uses the weighted rejection index to showcase market shifts in the Broker Update, and Mike Baudendistel discusses the impacts of the oil price...
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What 'World War Oil' Means For The Sector: Analyst Says US Shale Companies In Trouble
Monday, March 9, 2020 - 12:15pm | 568Read More...OPEC and its allies "failed miserably" at reaching a consensus during last week's Vienna meeting, although it occurred in part due to differing objectives, JBC Energy Group Chairman Johannes Benigni said on CNBC. Saudi Arabia's ruling monarchy wants to see oil prices trade "...
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Jim Cramer's Early Morning Commentary: Markets In 'Uncharted Waters'
Monday, March 9, 2020 - 8:10am | 325Read More...Oil's plunge, coupled with a nosedive in U.S. stock futures and bond yields trading near the 0.3% level, represents "unchartered waters" and signals an "imminent recession," according to CNBC's Jim Cramer. Cramer Says Move Down 'Unprecedented' Cramer took to...
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Cramer Recommends Selective Picking Of Oil Stocks
Monday, January 6, 2020 - 1:51pm | 437Read More...Growing Middle East tensions in reaction to the U.S. military's targeted killing of Qasem Soleimani, Iran's top general, doesn't mean investors should rush to pick any oil stock. Jim Cramer said Friday on "Mad Money" that only three oil names are worth buying. Oil...
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Oil Prices Surge Higher, Then Fall Back, Following News Of OPEC Agreement
Friday, December 6, 2019 - 2:49pm | 827Read More...Oil prices have climbed back from their earlier highs after surging on news of deeper cuts agreed to by the Organization of Petroleum Exporting Countries. OPEC, at its meeting in Vienna, agreed to deeper cuts than already have been in place. That agreement came Dec. 6 after a lengthy meeting that...
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Stock Market Remains Near Highs, And Investors Await Fresh Catalyst For Next Move
Wednesday, November 6, 2019 - 9:50am | 1404Read More...As hump day dawns, investors and traders seem to be looking for a catalyst now that earnings season is mostly behind us, the Fed’s rate cut is in the rear view, and we don’t have much in the way of trade war-related news this morning. Early indications suggest that the market could have...
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A Few Concerns Saudi Aramco Should Address Ahead Of IPO
Tuesday, November 5, 2019 - 4:58pm | 425Read More...Saudi Aramaco's initial public offering took a major step forward on Sunday and would likely need to address four sources of concern. Saudi Arabia values its state-owned oil company at $2 trillion but even a less generous $1.5 trillion would make it the world's largest IPO, CNBC reported....
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Oil Prices Surge Higher, Then Pull Back, On News Of Iranian Tanker Explosions
Friday, October 11, 2019 - 9:41am | 536Read More...Oil prices were pulling back from their earlier highs as the U.S. trading day began Friday, lifted overnight by what was said to be a missile attack on an Iranian tanker off the coast of Saudi Arabia. At its peak overnight Thursday and into Friday, WTI on CME was up 2.41% from Thursday's...
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Exxon Mobil Down On Preview Of Weaker Q3, But Sell-Side Says Warning 'Relatively Benign'
Wednesday, October 2, 2019 - 12:37pm | 468Read More...An Exxon Mobil Corporation (NYSE: XOM) securities filing that previews disappointing profits in its upcoming third-quarter report thanks to lower oil and gas prices pushed the stock down on Wednesday. ExxonMobil’s 8-K filing gave a preliminary hint about third-quarter results, and said the...
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Saudis Say Production 50% Back, Oil Prices Slide On Possible Quick End To Crisis
Tuesday, September 17, 2019 - 3:22pm | 343Read More...And just like that, the great Saudi oil crisis of 2019 might be over. In a press conference carried over the Internet, a significant step for the usually publicity-shy kingdom, Saudi energy minister Prince Abdulaziz bin Salman said half of the 5.7 million barrels/day of lost oil production has...
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Oil On Monday Closed Nearer To Day's Highs Than Its Lows; ULSD Remains The Laggard
Monday, September 16, 2019 - 4:41pm | 1301Read More...Oil markets completed their first full day of trading following the drone attacks on Saudi processing facilities, with the global crude Brent benchmark rising more than 14% at the close and heading back up toward where prices were when trading began late Sunday U.S. time. The one comforting fact...
