|Day's range||68.56 - 69.77|
An internal OPEC document suggests that the cartel and its allies are struggling to ramp up production and make good on its additional 1 million bpd promise
Matra Petroleum AB (publ)’s (STO:MATRA): Matra Petroleum AB (publ), an independent oil and gas company, engages in the exploration and production of oil and gas in the United States. With Read More...
The US dollar has gone back and forth against the Japanese yen over the last several for our candles, as we consolidate the gains that we had recently enjoyed. It looks as if the market is ready to look for a reason to go higher though.
In contrast to some other major players, oil trader Trafigura remains bullish on crude, and expects prices to rise next year as it continues to see upside for oil
Saudi Aramco signed a deal to invest almost $25 billion over the course of two years in a 400,000 bpd refinery and associated petrochemical plants in eastern China
UAE’s ADNOC is boosting production in October and November and introduced a new low sulfur light crude oil blend that goes by the name of Umm Lulu
On October 10–17, our list of oil-weighted stocks fell 4% compared to the 4.7% fall in US crude oil November futures. On average, our list of oil-weighted stocks outperformed US crude oil prices.
Will Marathon Petroleum’s Q3 Earnings Beat the Estimates? In this part, we’ll discuss Marathon Petroleum’s (MPC) dividend yield level before its third-quarter results. Marathon Petroleum’s dividend payments have been increasing steadily in the past several quarters.
In this series, we have examined Marathon Petroleum’s (MPC) third-quarter estimates, refining earnings outlook, stock performance, and stock price estimate before its expected third-quarter earnings release on November 1. Now, we’ll review how analysts rate Marathon Petroleum.
We started this series with Marathon Petroleum’s (MPC) third-quarter earnings estimate. We reviewed the company’s refining earnings indicators trend in the third quarter. In the previous part, we discussed Marathon Petroleum’s stock performance in the past month.
The Khashoggi case could have some negative implications for OPEC as the U.S. could implement sanctions on Saudi Arabia and sign the ’NOPEC act’ into law
The offshore sector was one of the hardest hit in the 2014/2015 oil bust, but as prices rise and drilling activity increases, the sector is about to make a full recovery
U.S. oil prices skidded below $70 and the premium between Brent and WTI widened as U.S. stockpiles increased more than expected.
If you want to know who really controls BNK Petroleum Inc (TSE:BKX), then you’ll have to look at the makeup of its share registry. Large companies usually have institutions as Read More...
Oil majors in Europe and the U.S. appear to hold very different views when it comes to the future of oil and the speed of the next energy revolution
Secretary of the Interior Ryan Zinke said that U.S. oil production could hit as much as 14 million bpd by 2020 as shale production continues to soar
Since September 14, Marathon Petroleum (MPC) stock has fallen. In this part, we’ll compare Marathon Petroleum’s stock returns to the SPDR S&P 500 ETF (SPY), which closely resembles the S&P 500 Index.
China National Petroleum Corporation (CNPC) is advancing a strategic partnership with Brazil’s Petrobras and agreed to cooperate with Norway’s Equinor in oil and gas projects
Before proceeding with the outlook for Marathon Petroleum’s (MPC) refining earnings in the third quarter, let’s review Marathon Petroleum’s earnings in the second quarter.
Iraq’s state-run Oil Marketing Co., known as SOMO, is asking buyers of its Basrah crude to specify the final destination country for its cargoes, people with knowledge of matter said, asking not to be identified because the information is confidential. The demand for final destination details coincides with growing fears of a crunch in the Middle Eastern crude market, as impending U.S. sanctions on Iran squeeze the Persian Gulf state’s exports. With uncertainty rising over whether other regional producers will be able to fill a potential supply gap, prices are climbing as buyers rush to secure alternative shipments.
The high-paying stock is expanding a partnership so that it's in a better spot to capture more growth.
Money managers and hedge funds have reduced their bullish bets in the last couple of weeks, taking profits and shifting their focus to the demand side of the equation