Oil

ConocoPhillips (NYSE:COP) shares are trading higher after the company released second-quarter 2024 results. Here’s a breakdown of the report. Revenue of $14.136 billion missed the consensus of $14.919 billion Adjusted EPS of $1.98 missed the consensus of $1.96.  Operating cash flow stood at...

Exxon Mobil Corp (NYSE:XOM) and its partner CNOOC Ltd have filed arbitration claims, asserting their right of first refusal to any sale of Hess Corp‘s (NYSE:HES) stake in a Guyana oil-producing joint venture. This move could potentially hinder Chevron Corp‘s (NYSE:CVX) proposed $53...

Crude oil prices experienced their most significant one-day increase in over nine months Wednesday due to escalating geopolitical tensions in the Middle East. West Texas Intermediate (WTI) light crude closed the session at $78.41 per barrel, up 4.9%, marking its largest spike since October 2023....

Venezuelan President Nicolás Maduro faces intense criticism following his declared victory in a contentious presidential election. What Happened: The opposition, led by candidate Edmundo González, disputes the results, claiming they secured a significant win, according to the Associated Press....

Oil prices continue to experience a sluggish trend, with West Texas Intermediate (WTI) light crude trading flat at just under $78 a barrel on Monday morning. This stagnation persists even as rising tensions in the Middle East have failed to significantly impact oil prices. Middle East heats up...

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The Goldman Sachs Group, Inc. (NYSE:GS) reportedly stated that the winner of the U.S. presidential election in November will have limited options to significantly increase domestic oil supply next year. What Happened: The bank noted that low strategic petroleum reserve stocks and potential...

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By RoboForex Analytical Department Brent crude oil prices have continued their downward trajectory, reaching 81.14 USD per barrel as of Wednesday. This marks the fifth consecutive session of decline, primarily influenced by significant reductions in US oil inventories. The latest data from the API...

Oil stocks fell early Monday amid concerns that Vice President Kamala Harris could take a tougher stance on the oil and gas industry if she becomes the Democratic presidential nominee and wins the race for the White House. As California attorney general, Harris filed lawsuits against fossil fuel...

Exxon Mobil Corp. (NYSE:XOM) shares are trading lower in premarket on Friday. The energy giant has finalized a deal to sell its Malaysian oil and gas assets to state energy firm Petronas, marking its exit from the country’s upstream sector where it once held a dominant position. Exxon’s...

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By RoboForex Analytical Department Brent crude oil has reached $85.40, marking a continued increase over two consecutive sessions. This upward trend is primarily supported by recent US energy inventory statistics, which showed a significant decrease of 4.87 million barrels against an anticipated...

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