Text size David McNew / Getty Images Exxon Mobil and Chevron report earnings on Friday amid a bleak period for energy reserves. Most of the oil and gas names collapsed on Thursday, because the path back to “normal” in recent months is likely to be more complicated than investors initially …
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 »Exxon Mobil unveiled an 8K Thursday. What was not in the presentation could be worrying.
Text size Scott Olson / Getty Images Exxon Mobil provided an update on its second-quarter outlook on Thursday, and could mean a second-quarter earnings release for the oil giant, according to Cowen & Company. In its latest 8K presentation, Exxon (ticker: XOM) detailed the continuing headwinds against the Covid-19 pandemic …
Read More »Crude Oil Futures Trading Exceeds Major $ 40 Per Barrel Level
Text size Joe Raedle / Getty Images Crude oil futures are making new gains above $ 40 a barrel, a notable change for a product that briefly traded below $ 0 in April. On Tuesday, futures for Brent crude, the global benchmark, rose 1.2% to $ 43.58 a barrel. West …
Read More »Crude Oil Futures Trading Exceeds Major $ 40 Per Barrel Level
Text size Joe Raedle / Getty Images Crude oil futures are making new gains above $ 40 a barrel, a notable change for a product that briefly traded below $ 0 in April. On Tuesday, futures for Brent crude, the global benchmark, rose 1.2% to $ 43.58 a barrel. West …
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