shale oil

Former President and presidential candidate Donald Trump advocates for maximizing U.S. oil production, a stance seemingly shared by billionaire investor Warren Buffett. Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE:BRK-B), holding a significant share in Occidental Petroleum...

Exxon Mobil Corp (NYSE:XOM) shares are trading lower Friday after reports surfaced that it is nearing the completion of a $60 billion acquisition. The move sent shares of the target company, Pioneer Natural Resources Co (NYSE:PXD), nearly 10% higher. Exxon Mobil aims to further solidify its...

Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-B) is continuing to shop in the Occidental Petroleum Corp. (NYSE: OXY) aisle, adding 3.46 million shares to his position. The new purchases, valued at over $200 million, took place between May 16 and 18. Previously, various Berkshire Hathaway...

Bank of Montreal (NYSE: BMO) is set to exit its U.S. oil and gas investment banking business to focus on Canadian assets going forward, Bloomberg reports. What Happened: BMO has made “the financial decision for an orderly wind-down of our non-Canadian investment and corporate...

In a disappointing year for oil investors, Wells Fargo Senior analyst Roger Read still sees steady demand ahead for oil but has lowered his price deck through mid-2018. “Whether in actual terms or relative to expectations, sub-$50/bbl oil has confounded OPEC, the futures market and the vast...

Analysts and traders can make all the predictions they want about where oil prices are headed and when the global oil industry will begin to recover. But, the true oil and gas recovery will begin when cash starts flowing back into the space. Recent news from Chevron Corporation (NYSE: CVX), Exxon...

With the price of shale service stocks rallying 25 percent over the past year, U.S. oil rig counts are expected to rise in response to increasing oil price and demand. The question is: How much? In a recent report, analysts at Citi Research constructed four possible demand scenarios to model...

Fracking, also known as hydraulic fracturing, is the controversial process of forcing water, gases, chemicals and other materials deep underground to fracture rock layers and free up the gas and oil trapped there. The process has created an oil and natural gas boom in North America and has put...

Another major accident involving a train carrying crude oil from North Dakota is drawing attention to the vulnerabilities of transporting oil by rail. Officials are still trying to determine what caused a 90-car train, reportedly carrying 2.7 million gallons of crude oil, to derail and explode...