OPEC+ maintains oil curbs despite Russia’s price ceiling
OPEC+ said on Sunday it would hold output steady ahead of a key week for global energy markets as rich nations cap oil export prices from Moscow, the European Union…
Oil market faces ‘significant uncertainty’, OPEC warns
OPEC left its forecast for global oil supply and demand largely unchanged on Monday as it warned that major unknowns such as Covid-19 cases in China and the impact of…
Frackers say oil production is slowing in shale
Despite a long streak of strong earnings, shale companies are slowing down their activity in the oil fields, keeping U.S. oil production roughly steady and offering little relief to strained…
Adobe’s stock took a hit for spending $20 billion on Figma. But now he owns rare company.
Adobe beat revenue and earnings expectations and announced on the same day that it would acquire a smaller but faster-growing competitor in online design collaboration tools. The stock market rewarded…
Dividends for tough times: 4 energy stocks that boosted payouts during Covid
Many energy stocks — and their dividends — took a big hit earlier in the pandemic, even those of large firms. The global economy contracted along with oil and gas…
Europe fears turbulence in the energy market after the suspension of Russian gas
The governments of Sweden and Finland offered billions of dollars in guarantees to utilities to prevent a collapse in energy trading when markets opened on Monday after Russia halted natural…
Only 5 S&P 500 stocks end higher after Powell’s sobering speech in Jackson Hole
It only took a 10-minute speech by Federal Reserve Chairman Jerome Powell on Friday to make it clear that monetary policy will be tightened relentlessly in the coming months. Investors…
Warren Buffett is not expected to bid for control of Occidental after approval for a larger stake
Warren Buffett’s offer to raise his big bet in Occidental Petroleum corp. OXY 9.88% even more is not expected to serve as a prelude to a full takeover of the…
Occidental Rallies after Berkshire Hathaway was allowed to own up to 50% of the energy company
Text size Berkshire Hathaway currently has a 20% stake in Occidental. Callaghan O’Hare/Bloomberg Occidental Petroleum shares jumped on Friday after Berkshire Hathaway received approval from the Federal Energy Regulatory Commission…
Occidental Petroleum Beats Profit Estimates, Pays Down Debt
Text size Occidental shares have doubled this year and are the best performer in the S&P 500. Callaghan O’Hare/Bloomberg Warren Buffett probably liked it Occidental Petroleum ‘c second quarter earnings…