Investment company Centenus Global Management, LP buys Duke Energy Corp, DTE Energy Co, Ameren Corp, American Electric Power Co Inc, Xcel Energy Inc, OGE Energy Corp, Pioneer Natural Resources Co, Marathon Oil Corp, Edison International, Oasis Petroleum Inc, sells Exelon Corp, Patterson-UTI Energy Inc, Jack In The Box Inc, US Foods Holding Corp, CenterPoint Energy Inc during the 3-months ended 2018-03-31,....More>>>
U.S. oil output is set for “explosive” growth this year as prices rally, potentially offsetting a further collapse in Venezuela’s production, the International Energy Agency said.
The agency is joining a chorus of voices from Goldman Sachs group Inc. and OPEC’s own analysts in warning of a surge in U.S. production as oil hits three-year highs. Output cuts....More>>>
Source: ThinkstockFebruary 8, 2018: The S&P 500 closed down 3.8% at 2,581.07. The DJIA closed down 3.6% at 23,994.11. Separately, the Nasdaq was down 3.3% at 6,816.19.
Thursday was another down day for U.S. equity markets. The Dow, after losing 1,000 points on Monday, continued its drop with the S&P 500 and Nasdaq along for the ride. Since markets started falling off this cliff, the....More>>>
Ivan Monteiro has been named to head Brazilian state-controlled oil company Petrobras on an interim basis, replacing Chief Executive Officer Pedro Parente who resigned Friday.
Monteiro, who has been chief financial officer since 2015, was given the interim job during a board meeting that came just hours after Parente stepped down following intense criticism during a trucker strike that crippled....More>>>
Two upstart Mexican drillers have signed the first farm-out deal in Mexico’s oil sector that doesn’t include state company Petroleos Mexicanos.
Jaguar Exploracion y Produccion agreed to sell a 50 percent stake of three onshore areas in Tabasco and Veracruz to Vista Oil & Gas for $37.5 million, plus contingency payments if oil prices rise above $65 a barrel in the next two....More>>>