Page 5 of 9
News
view:
Links to the news articles will open in their original format as published by their providers. 
India’s Oil Minister Pleads With Saudi Arabia To Help Stabilize Oil Prices   Jun 21, 2019
India’s oil minister Dharmendra Pradhan reached out to Saudi Arabia on Friday to discuss unrest in the region which is pushing up prices to levels that are putting a financial strain on India ... OilPrice  

A Worrying Sign For Global Oil Demand   Jun 21, 2019
- Catastrophic flooding in the U.S. Midwest delayed plantings and ravaged corn fields, which is having knock on effects in multiple commodity markets. - Corn prices have spiked as a result of ... OilPrice  

Middle East Tensions Trigger Short Squeeze In Oil   Jun 21, 2019
U.S. West Texas Intermediate crude oil is poised to post a weekly gain with several factors contributing to this week’s steep rise in crude oil prices. The buying started early in the week on ... OilPrice  

The 100-Year Old Wildcatter Poised For A Breakout   Jun 21, 2019
Permian pipelines STARTING Q3 Noble Energy, (NYSE: NBL) is a company I’ve had my eye on for a while. Recently they had been trading as high as 8X earnings and I thought that was a little overvalued. Crude Oil Prices  

The Last U.S. Oil Major In Venezuela   Jun 21, 2019
- Chevron may have to leave Venezuela after a century in the South American country’s oil industry to avoid violating U.S. sanctions against Caracas. The supermajor received a sanction waiver ... OilPrice  

Canada’s Senate Passes Energy Bills In Defeat For Oil Industry   Jun 21, 2019
2 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack 19 hours Pioneer CEO Said U.S. Oil Production would be ... OilPrice  

US STOCKS-Wall St set to slip at open as Iran tensions rise   Jun 21, 2019
Oil major Exxon Mobil Corp rose about 0.3% in premarket trading, while Halliburton Co and Marathon Oil Corp gained nearly 1% each. At 8:29 a.m. ET, Dow e-minis were down 51 points, or 0.19%. Yahoo Finance  

Investor LGIM dumps ExxonMobil from its Future World funds   Jun 21, 2019
LONDON (Reuters) - Britain's biggest asset manager has removed ExxonMobil and four more companies from its 5 billion pounds ($6.3 billion) Future World funds, and said it would vote against their chairs for failing to confront the threats posed by climate ... Yahoo Singapore Finance  

Why Now Is a Good Time to Buy Shares of Teck Resources (TSX:TECK.B)   Jun 21, 2019
Another major growth project for Teck is its 21.3% interest in Suncor’s 194,000 barrel a day (bpd) Fort Hills project, providing the company with ownership of a long-life, high quality oil sands asset located in the Athabasca region of Alberta. Finance Yahoo  

Oil Holds Steady Amid Small Rig Count Decline   Jun 21, 2019
The the number of active oil and gas rigs in the United States fell again this week according to Baker Hughes, as the overall rig count reaches the lowest point since February 2018. The total ... OilPrice  

Trump talks to Saudi crown prince on Iran, oil   Jun 21, 2019
WASHINGTON (Reuters) - U.S. President Donald Trump spoke on Friday to Saudi Crown Prince Mohammed bin Salman about Middle East stability and the oil market, the White House said, after tensions ... Yahoo Finance  

The worldwide helium shortage affects everything from MRIs to rockets — here's why   Jun 21, 2019
Oil companies harvest helium trapped deep beneath the Earth's surface, in natural gas chambers. Radioactive decay causes uranium rock to disperse helium into natural gas chambers over millions of years. It's a slow process, and finding the helium can be ... Yahoo Singapore Finance  

Massive fire and explosions rip through Philadelphia oil refinery   Jun 21, 2019
Philadelphia firefighters have brought a massive fire at an oil refinery under control, but the damage could keep the affected unit shut for an extended period, according to city officials. Several explosions at Philadelphia Energy Solutions sent a massive ... CBC.ca  

UPDATE 2-London's FTSE 100 gives in to fears over U.S.-Iran tensions   Jun 21, 2019
The oil and gas sector was a bright spot, with heavyweights Shell and BP gaining on the back of a jump in ... after it said a U.S. customer had informed it that its project with the company will not continue beyond their current contract. Yahoo Finance UK and Ireland  

Exxon’s Huge Iraqi Oil Deal Under Threat   Jun 21, 2019
Contractual disagreements and the deteriorating security situation in the Middle East have threatened Exxon’s US$53-billion deal with the Iraqi government, Reuters reported today, citing sources ... OilPrice  

Fire at major oil refinery pushes gas prices higher   Jun 21, 2019
An explosion and fire at rocked largest refinery complex on the East Coast in Philadelphia Friday morning. That sent gasoline prices higher as the summer driving season kicks off. GasBuddy's Dan ... Yahoo Finance  

Iran Tension Isn’t The Only Lever Pushing Up Oil: Wald(Podcast)   Jun 21, 2019
Dr. Ellen Wald, President of Transversal Consulting and Bloomberg Opinion columnist, on how Trump’s cancelled attack on Iran is impacting oil markets. Grocery Outlet CEO Eric Lindberg discusses their IPO (NASDAQ: GO) and company outlook. Tom McGee, CEO ... Bloomberg L.P.  

Schlumberger (SLB) Declines 12% Quarter to Date: Here's Why   Jun 21, 2019
A few better-ranked stocks in the energy space are Enterprise Products Partners LP EPD, Calumet Specialty Products Partners LP CLMT and Anadarko Petroleum Corporation APC, all sporting a Zacks ... Yahoo Finance  

Trillion Dollar Fund To Remove Exxon from ESG Funds   Jun 21, 2019
The asset management arm of UK’s insurer Legal & General will remove ExxonMobil from its Future World Funds as these are focused on clients with an interest in investing in environmental ... Crude Oil Prices  

Trump Warns Iran for Drone Attack: Oil Stocks in Spotlight   Jun 21, 2019
After a US military drone was shot down by Iran, President Donald Trump tweeted “Iran made a very big mistake!” To retaliate, Washington even reportedly made an approval for military strikes ... Yahoo Finance  

USD/CAD Daily Forecast – Rising Oil Prices Amid US-Iran Tensions Pushing the Pair Down   Jun 21, 2019
After touching the bottom near 1.3150 marks, the Loonie pair had risen slightly over Greenback upliftment yesterday. The USD Index had made a minor upward move last day amid impressive Jobless ... Yahoo Finance  

Blowups (of All Kinds) Are Not What Oil Needs   Jun 21, 2019
(Bloomberg Opinion) -- The oil market avoided one set of explosions overnight but woke up to another Friday morning. President Donald Trump’s 11th-hour pullback from launching airstrikes against ... Yahoo Finance  

4 Energy Funds to Buy as Oil Prices Could Go Higher   Jun 21, 2019
Oil’s recent spike is an end-product of a series of events that took place earlier this week. First, the mounting tension between the United States and Iran reached a new high after the latter shot down a drone of the former. Also, OPEC and its allies ... Yahoo Singapore Finance  

Range Resources (RRC) Presents At J.P. Morgan 2019 Energy Conference - Slideshow   Jun 21, 2019
The following slide deck was published by Range Resources Corporation in conjunction with this event. 146 Click to enlarge Notes: Seeking Alpha  

A U.S.-Iran Conflict Could Impact Gas Markets Much More Than Oil   Jun 21, 2019
(Bloomberg) -- A potential conflict between the U.S. and Iran could be far more disruptive for liquefied natural gas markets than to the world’s crude shipments. About a quarter of the world’s ... Yahoo Finance  

China, Fed Pushing Up Oil Prices, Along With Iran: Wald (Radio)   Jun 21, 2019
Dr. Ellen Wald, President of Transversal Consulting and Bloomberg Opinion columnist, on how Trump’s cancelled attack on Iran is impacting oil markets. Hosted by Lisa Abramowicz and Paul Sweeney (Alix Steel filling in for Lisa Abramowicz.) Running time 05:08 Bloomberg L.P.  

Big U.K. investor dumps Exxon over climate change   Jun 21, 2019
Exxon Mobil (XOM +0.9%) is being dropped by the U.K.'s biggest asset manager, which also says it plans to vote against the reappointment of Chairman/CEO Darren Woods for failing to adequately ... Seeking Alpha  

Oil Price Fundamental Daily Forecast – Will Speculators Increase Long Positions Ahead of Weekend?   Jun 21, 2019
U.S. West Texas Intermediate and international-benchmark crude oil futures are edging higher on Friday, recovering from early session weakness. Both markets are in a position to post their first ... Yahoo Finance  

Imperial committed to long-term shareholder value   Jun 21, 2019
Imperial Oil Limited (NYSEMKT:IMO) has received final acceptance from the TSX for a normal course issuer bid to repurchase up to 5% of its ~764.221M outstanding common shares as of June 13 ... Seeking Alpha  

Major Explosions Rock Largest Oil Refinery On US East Coast   Jun 21, 2019
Several explosions and a huge fire rocked the largest oil refining complex on the Eastern seaboard in southwest Philadelphia early on Friday, with early reports saying there aren’t any people ... OilPrice  

Dow 30 Stock Roundup: Boeing's $6.5B Air Force Contract, Pfizer to Buy Array BioPharma   Jun 21, 2019
Shares of Exxon Mobil XOM and Chevron Corporation CVX gained 1.7% and 1.1%, respectively, after oil prices spiked on prospects of conflict between the United States and Iran. Components Moving the ... Yahoo Finance  

Norway's $1T Money Manager to Ditch Oil Stocks: Here's Why   Jun 21, 2019
The list also includes several Canadian biggies, such as Canadian Natural Resources Ltd. and Encana Corp. It will also step back from investments worth $6 billion in eight coal companies. Yahoo Finance  

Key Factors Supporting Bullish LNG Shipping Sentiment   Jun 21, 2019
An individual can look at the forecast and make decisions for their own specific company that are correct ... Asia Pacific Middle East at Shell Trading: In the last year there’s been a rapid ... Seeking Alpha  

Middle East Tensions Perk Up Oil Prices: Here's How to Profit   Jun 21, 2019
These stocks carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). Anadarko Petroleum Corporation APC engages in the exploration, development, production, and marketing of oil and gas properties. Yahoo Finance  

5 Best-Performing S&P 500 Stocks So Far This Year   Jun 21, 2019
It has a Zacks Rank #2 and VGM Score of A. Anadarko Petroleum Corporation APC – Up 59.4% It is one of the world's largest independent oil and gas exploration and production companies. Yahoo Finance  

Stocks subdued, oil keeps rising as Mideast tensions grow   Jun 21, 2019
BANGKOK -- Global stock markets were subdued Friday as investors became more cautious after the S&P 500 hit a record close and amid heightened tensions in the Persian Gulf between the U.S. and Iran. The price of oil continued to rise. Major airlines on ... CTV News  

Warning Signs Are Flashing For U.S. Oil   Jun 21, 2019
In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data ... OilPrice  

Deepwater's Back In The Money   Jun 21, 2019
ExxonMobil’s Rovuma is due to follow suit in the second half of this year. Deepwater oil projects are also moving toward sanction. Chief among them are the giant projects in Brazil, notably Petrobras’ expansion phases of the Mero, Roncador, Marlim ... Forbes  

Oil rises on US-Iran tensions: 'Iran made a very big mistake!'   Jun 21, 2019
The price of oil is rising on Friday as tensions continue to escalate between the US and Iran. US president, Donald Trump, ordered military strikes on Iran before changing his mind, according to ... Yahoo Finance  

U.S. 'very pleased' that Saudi Arabia ensuring well-supplied oil market   Jun 21, 2019
RIYADH (Reuters) - The United States is "very pleased" that Saudi Arabia is making sure that the global oil market is well supplied, a U.S. official said on Friday, amid fears of energy disruption ... Yahoo Finance  

Large Exxon Shareholder Starts Divesting Over Climate Change   Jun 21, 2019
Two companies it withdrew capital from last year for the same reason, Occidental Petroleum Corp. and Dominion Energy Inc., will be added back to the funds because they addressed concerns raised by ... Yahoo Finance  

SoCalGas delays return of California natgas pipe by 3-weeks to late July   Jun 21, 2019
June 20 (Reuters) - Southern California Gas Co (SoCalGas) has delayed the estimated return of a natural gas pipeline until July 29 from July 5 after finding a couple of pipeline leaks in remote ... Yahoo Finance  

Oil prices rise; U.S. reportedly called off Iran strikes: Morning Brief   Jun 21, 2019
Investors will get a pulse on the U.S. housing market ahead of the market open when existing-home sales data for May is released. Economists polled by Bloomberg expect existing-home sales to have ... Yahoo Finance  

Pertamina in talks with Exxon, Chevron to buy H2 2019 Indonesian crude   Jun 21, 2019
ExxonMobil, told Reuters * Chevron could not be immediately reached for comment (Reporting by Wilda Asmarini, Writing by Florence Tan, Editing by Sherry Jacob-Phillips) Yahoo Finance  

West Virginia is still waiting on a game-changing $84 billion investment from China that was promised in 2017   Jun 21, 2019
He captured more than more than 67% of the vote. Under the deal, China's largest state-owned energy giant would spend nearly $84 billion over 20 years to build facilities that extract natural gas and turn it into byproducts that generate power and make ... Yahoo Singapore Finance  

UPDATE 1-London's FTSE 100 outshines Europe as Middle East tensions lift oil majors   Jun 21, 2019
* FTSE 100 up 0.3%, FTSE 250 down 0.2% * IQE drops as Huawei curbs hit revenue * Oil majors, miners among biggest gainers * Domino's Pizza slumps among midcaps (Adds company news items, updates share prices) June 21 (Reuters) - The FTSE 100 inched up on ... Yahoo Finance UK and Ireland  

Oil rises towards $65 on fears of U.S. attack on Iran   Jun 21, 2019
LONDON (Reuters) - Oil prices rallied towards $65 per barrel on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than 20% of the world's ... Yahoo Finance  

Pair of Qatari LNG cargoes heading to UK   Jun 21, 2019
The South Hook LNG terminal, owned by Qatar Petroleum, ExxonMobil and Total, can provide around 20 percent of Britain’s natural gas requirements. The Dragon LNG terminal at Waterston, Milford Haven in Pembrokeshire, is owned by Shell (50 percent ... LNG World News  

Exxon's $53B Iraq deal hit by snags - Reuters   Jun 21, 2019
ExxonMobil's (NYSE:XOM) $53B project to boost Iraq's oil output might be in jeopardy amid a combination of contractual wrangling and security concerns, Iraqi government officials told Reuters. Seeking Alpha  

Exclusive: Exxon's $53 billion Iraq deal hit by contract snags, Iran tensions - sources   Jun 21, 2019
BASRA, Iraq/BAGHDAD (Reuters) - Just weeks ago, U.S. energy giant ExxonMobil looked poised to move ahead with a $53 billion project to boost Iraq's oil output at its southern fields, a milestone ... Yahoo Finance  

Page 5 of 9