Oil & Gas

Following a record-breaking 2022, investors are wondering whether energy stocks still have untapped potential for long-term returns. Oil prices have risen sharply in the last week, with WTI crude recording a 6% weekly gain and rising far above $70 per barrel on the back of lower-than-expected U.S....

Exxon Mobil Corporation (NYSE: XOM), the biggest U.S. oil company with more than $400 billion of market capitalization, has witnessed an unfavorable price action recently, struggling up and down the important 200-day moving average (DMA) at about $102 per share. Exxon Mobil shares fell...

‘The Big Short’ investor Michael Burry who rose to prominence betting against the housing market in the run-up to the 2008 financial crisis has expressed his skepticism over the short-sightedness of governments. Citing a Wall Street Journal article about Exxon Mobil Corp (NYSE: XOM)...

YPF Luz, a division of the state-owned Argentine energy company YPF has begun an initiative to use residual gas to power Bitcoin (CRYPTO: BTC) mining. The project seeks to make use of this residue from the earliest phases of oil well drilling and is presently being tested in Vaca Muerta, one...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk has consistently come across as a crusader for a sustainable future for humanity, and his numerous ventures are geared toward achieving the goal. What Happened: In an interview at the recent ONS conference held in Stavanger, Norway, Musk explained that his...

Germany has been reeling under the carpet since the beginning of the Russia-Ukraine and the cut down on the gas supplies has come as another major blow to its delicate economy.  Last week Germany’s Commerzbank said that Russian cuts in natural gas supplies could trigger “a...

Oil traded lower for the second day in a row as concerns over demand overshadowed fears of supply constraints after U.S. government data indicated a sluggish demand during the peak summer season. At the same time, the world’s biggest crude producer Saudi Arabia has revealed its oil output is...

The Ukraine-Russia war has sent fuel prices skyrocketing and consumers are feeling the pain at the pump. To mitigate the crisis at hand, President Joe Biden's administration is considering options to make fuel affordable for Americans this summer driving season. What Happened: The...

CNBC host Jim Cramer has recommended buying shares of oil giant Exxon Mobil Corp. (NYSE: XOM) on the dip. What Happened: “Everything is going right for them," Cramer said on CNBC’s “Squawk on the Street” show, noting a strong of bullish factors including dividends...

Crude oil prices recently hit six-year highs, and one analyst took the opportunity on Monday to initiate coverage of the two largest U.S. oil majors. The Analyst: BMO Capital Markets analyst Phillip Jungwirth has initiated coverage of Chevron Corporation (NYSE: CVX) with an Outperform rating and $...

Construction and mining equipment manufacturer Caterpillar Inc (NYSE: CAT) announced the acquisition of the Oil & Gas Division of Scotland-based engineering company Weir Group PLC (OTC: WEGRY), for $405 million in cash, on Monday. "Combining Weir Oil & Gas’s established...

Exxon Mobil Corporation’s (NYSE: XOM) shares fell sharply on Monday after talks between OPEC and its allies failed in Vienna. What Happened Exxon Mobil shares suffered their steepest decline in 11 years on Monday in an upheaval that saw broad declines in energy stocks. The oil company’s...

The Saudi Arabian Oil Company raised another $3.8 billion in its initial public offering as the underwriters exercised the overallotment option given the high demand, it said in a statement on Sunday. What Happened Underwriters led by Goldman Sachs Group Inc.'s (NYSE: GS) Saudi Arabian...

Shares of a Latin American shale play are up for grabs, as the exploration and production company seeks a U.S. listing this week. The IPO Terms Mexico City, Mexico-based Vista Oil & Gas S.A.B. de C.V. plans to offer 10 million Series A shares, including Series A shares, represented by ADSs,...

Without too much in the way of news on the U.S.-China trade front, higher crude prices and a rebound in chipmakers seem to be helping bring buying sentiment back to the market Thursday morning after yesterday’s tepid session. Oil prices rose this morning on news that two oil tankers were...