Saudi Arabia plans to increase its oil production next month, in contrast to the recent decline in large production, a sign of growing confidence in the recovery in oil prices, Kingdom advisers said. The world’s largest oil exporter surprised oil markets last month when it said it would cut crude …
Read More »The Tesla S&P 500 will replace apartment investment and management
Mystery ended: Silicon Valley Juggernaut Tesla Inc. Ap Part Investment and Management c. Tesla TSLA, -2.72% The S&P 500 is set to join the SPX, -0.13%, In a short span of one week on December 21, the U.S. broad equity benchmark, then-apartment investment and management AIV, -0.49%, Real Estate Investment …
Read More »Oil industry fears over recruitment of its next generation of workers
Two years out of college, Leah Sanders made as much as $ 19,000 a month using oil wells in Kuwait. After being fired in May by oilfield giant Schlumberger Ltd., she returned with her parents to Tennessee, earning $ 15 an hour to help with her father’s construction business. She …
Read More »OPEC meeting worries oil investors
Text size Joe Klamar / AFP via Getty Images OPEC + and its allies may be ready to start pumping more crude, and that prospect is sending shivers through the oil markets. Oil prices fell on Monday. Brent crude futures, the global benchmark, fell 1% to $ 42.80 a barrel …
Read More »Chesapeake Energy filed for bankruptcy. Other oil and gas stocks could also be at risk.
Text size Paul Ratje / Getty Images Bond Investors Should Not Be Overly Surprised With Chesapeake Energy‘s bankruptcy. The oil and gas producer filed for Chapter 11 bankruptcy protection in a South Texas court on Sunday, after the company and its creditors agreed to the guidelines of a restructuring plan …
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