ssuaphoto/iStock via Getty Images SM Energy (NYSE:SM) said Thursday it agreed to acquire oil and gas assets in Utah’s Uinta Basinfrom XCL Resources, a private company backed by EnCap Investments and Rice Investment Group, for $2.55B in cash, confirming earlier speculation. Northern Oil and Gas (NOG) will acquire 20% ofContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures eked out small gains Wednesday despite a bearish U.S. inventories report that included surprisingly large crude and gasoline stock builds. The U.S. Energy Information Administration said domestic crude stocks increased by 3.6M barrels last week, compared to expectations for a drawdown. Analysts viewedContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures tilted lower Tuesday after ending the previous session at nearly two-month highs, as the oil market awaits the weekly U.S. inventories report for indications of demand for crude and gasoline ahead of the July 4 holiday weekend. Claudio Galimberti, director of global marketContinue Reading
Spencer Platt/Getty Images News Exxon Mobil (NYSE:XOM) has taken the first step toward what will be its seventh oil project in Guyana – the Hammerhead project, which would pump as much as 180K bbl/day as soon as 2029, pending government approval – Exxon country manager Alistair Routledge told Bloomberg onContinue Reading
NiseriN/iStock via Getty Images Murphy Oil (NYSE:MUR) CEO Roger Jenkins said he hopes the company will drill its first well offshore Côte d’Ivoire in summer 2025, pending the completion of talks with government officials, Oil & Gas Journal reported Monday. Jenkins reportedly told last week’s J.P. Morgan 2024 Energy, PowerContinue Reading
Joe Raedle/Getty Images News Goldman Sachs (GS) said Monday that Hess (NYSE:HES) CEO John Hess has joined its board as an independent director, and will become a member of the Goldman board’s compensation, governance and risk committees. Hess has served since 1995 as the family-run company’s top executive, but plansContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures finished higher Monday, sparked by optimism over strong summer driving demand and the resurgence of geopolitical risk perception with rising tensions between Israel and Hezbollah, as prices continue to rebound from early June lows. After last week’s big drop in U.S. crude andContinue Reading
kodda/iStock via Getty Images Africa Oil (TSX:AOI:CA) has repurchased a total of 1,081,800 Africa Oil common shares during the period of June 17, 2024, to June 21, 2024, under the previously announced share buyback program, it said on Monday. The transaction consolidates ownership in core cash generating assets and bringsContinue Reading
Jun. 21, 2024 3:00 PM ETSPDR® S&P Retail ETF (XRT), SPYNKE, FDX, UPS, BB, QCOM, SBUX, GME, MU, LOW, DECK, CMG, EXPD, FRO, NSC, TRN, BKR, CROX, ILMN, PAYX, DKS, CUTR, TDG, CCL, PVH, LSTR, GIS, MKC, INSM, AJG, UAA, AVAV, BX, LULU, NMM, AYI, CHJHF, MODN, KNOP, ASC, AMC,Continue Reading
