European gas prices jumped nearly 40% on Australia supply fears — and analysts expect further rises
Energy analysts believe the bullish momentum for European natural gas prices will persist over the coming months.
Policies
Seven oil service stocks are buys through year end thanks to rising profit margins, Goldman says
Service stocks as a whole have far outperformed the Energy Select Sector SPDR ETF this year, Goldman Sachs said.
Oil giant Saudi Aramco posts sharp drop in second-quarter profit as lower prices bite
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Oil giant Saudi Aramco posts sharp drop in second-quarter profit as lower prices bite Read More »
Oil prices surge to 4-month highs after Saudi, Russia output cuts
Oil prices rose on Monday to reach their highest since mid-April following an extension of production cuts by Saudi Arabia and Russia.
Oil prices surge to 4-month highs after Saudi, Russia output cuts Read More »
Saudi Arabia to extend voluntary 1 million barrel per day crude oil production cut into September
Heavyweight Oil producer Saudi Arabia will extend a 1 million barrel per day crude oil output cut into September, the state-owned Saudi Press Agency said.
Pioneer delivers strong quarterly results — but that isn’t what shines the brightest
Pioneer showcased its money-making ability during a quarter in which oil prices largely trended downward.
Pioneer delivers strong quarterly results — but that isn’t what shines the brightest Read More »
Oil major BP posts 70% drop in second-quarter profit, raises dividend by 10%
Oil majors have failed to match the bumper profits posted during the same period of last year amid weaker commodity prices.
Oil major BP posts 70% drop in second-quarter profit, raises dividend by 10% Read More »
Saudi Arabia’s economic growth slows as oil cuts, price drops bite into revenues
The International Monetary Fund had dubbed Riyadh the fastest growing economy in the Group of 20 in 2022.
Saudi Arabia’s economic growth slows as oil cuts, price drops bite into revenues Read More »
Oil prices are finally rallying. Here’s what it means for three key energy stocks
A long-awaited rally in crude oil prices has helped the Club’s three oil-and-gas companies become some of our top-performing stocks over the past month.
Oil prices are finally rallying. Here’s what it means for three key energy stocks Read More »
Portfolio manager says OPEC+ alliance could break — sending oil prices down to $35 a barrel
OPEC+ has been trimming oil production since November in a bid to prop up falling prices.
