Tag Archives: oil
Oando Energy Resources Announces First Quarter Results
CALGARY, May 16, 2013 /PRNewswire/ — Oando Energy Resources Inc. (“OER” or the “Company”) (TSX:OER), a company focused on oil exploration and production in Nigeria, today announced financial and … Continue reading
Dicker: Investing Opportunity in Refiners
NEW YORK (TheStreet) — I sat down with Jim Cramer today to discuss the International Energy Agency report and how it might translate into some actionable ideas. One idea for the long term is in refining. With the IEA calling for another 4 million barrels a day of crude supply coming on line in North America over the next five years, there will be an inevitable glut of crude that our demand just cannot use up. Continue reading
Supply glut pushing oil prices lower
An oversupply of oil from new sources across North America is keeping crude prices depressed, the International Energy Agency said in a report Tuesday. Continue reading
Oil Firms Probed Over Suspected Price-Fixing
The offices of Shell, BP and Statoil are raided as the EU Commission launches a probe into suspected manipulation of oil prices. Continue reading
Shareholders Oust Occidental Chairman
LOS ANGELES — The chairman of Occidental Petroleum Corp. , who drew criticism over his compensation as CEO, is out. Continue reading
Focus Should Be on Chevron’s Yield
NEW YORK (TheStreet) — Chevron is a company that can report a drop in earnings and revenue and yet still see its stock price move higher. But that move up isn’t a plus on the dividend front Continue reading
News Summary: Energy rebound lifts stocks
OIL FUELS REBOUND: The stock market got a lift from oil companies Monday as the price of crude rebounded after a big sell-off last week. Bargain hunters helped push up energy stocks in the Standard & Poor’s … Continue reading
Billionaire Owner of Sinclair Oil Dies
SALT LAKE CITY — Billionaire Robert Earl Holding, whose business empire included ownership of Sinclair Oil and two world-class ski resorts in the West, has died at the age of 86. Sinclair Oil issued a statement saying Holding died Friday but did not elaborate. According to Forbes, the Utah native’s net worth of $3.2 billion made him the 423rd wealthiest person in the world at the time of his death. Continue reading
Energy stocks lead market lower in a broad slump
NEW YORK (AP) — Another slump in crude oil prices is pushing energy stocks sharply lower on Wall Street, setting off a broad decline. Continue reading
A weak start on Wall Street; energy stocks slide
NEW YORK (AP) — Energy companies led the stock market lower Friday as the price of oil sank 2 percent. Major indexes were still on track to end the week with strong gains Continue reading
