Why Oil Prices Might Keep Surging After the Saudi Attack
Over the weekend, an oil refinery in Saudia Arabia was attacked, knocking millions of barrels of Saudi production offline. The Saudi attack has resulted in several things, from a surge in oil prices to an ... [Read]
BHGE Stock Sinking as General Electric Sells Off 50% Stake
BHGE stock is down 7% today as its parent company, General Electric (NYSE:GE), sells off its majority stake in the oil field services company. Baker Hughes (NYSE:BHGE), a General Electric Company, was merged with the ... [Read]
CHK Stock Jumps 25% in a Week: What Investors Need to Know
CHK stock has been recovering over the past week with a gain of over 25%. Let’s analyze if the stock’s recent movements. Key Developments Companies that are successful in a certain line of business and ... [Read]
XOM Stock: ExxonMobil’s Growth Strategy is on Track
In recent years Exxon Mobil Corporation (NYSE:XOM) has faced tough times and XOM stock in the last three years has shed over 20% because of the growing volatility in the oil market. Equally, the company ... [Read]
SAEX Stock Plunges 31% on News of Securities Claim Investigation
SAEX stock is plunging more than 30% Friday after news of an investigation into SAExploration Holdings (NASDAQ:SAEX) was announced. Here’s what we know about what’s going on right now. SAEX Stock Plunges on Investigation News ... [Read]
Gas Prices Expected to Rise Following Philadelphia Oil Refinery Fire
Gas prices are expected to rise on the East Coast after an explosion and fire broke out at the Atlantic Coast’s largest refinery early Friday. The Philadelphia Energy Solutions Refining Complex lit up the skies ... [Read]
Oil Price Surges As Two Tankers Attacked in the Middle East
Brent crude oil price is surging today off the back of an attack on two oil tankers in the Gulf of Oman. The attack has pushed prices above $62 USD per barrel. What happened? Oil ... [Read]
US Judge Halts Hundreds of Oil and Gas Drilling Projects
A US district judge has temporarily halted hundreds of oil and gas drilling projects on over 300,000 acres of public land in Wyoming for failing to take climate change into account. The judge ruled that the ... [Read]
Qatar Leaves OPEC: Bad Timing for OPEC But Will It Miss the State?
After a 59-year membership, Qatar will be leaving OPEC. The announcement came this morning. The small natural-gas rich state will officially leave the organization on January 1st, 2019. Qatar Leaves OPEC According to the country’s ... [Read]
Oil Price Falls to Lowest Level Since 2017
Oil price has fallen to its lowest point in 2018. Concerns are mounting about a glut of crude supply along with fears that the economy will reduce demand. Today Brent crude fell to a low ... [Read]