News

Oil & Gas

Ivan Martchev | Equities.com |

The price of oil is not only about oil demand, which is rapidly deteriorating. It is also about oil supply.


Reuters | Equities.com |

Saudi Aramco will hike supply to 12.3 million bpd — 300,000 bpd above maximum production capacity — meaning it will free up crude from storage.


Frank Holmes | Equities.com |

Berkshire Hathaway acquired some 976,000 Delta shares in February for roughly $45.3 million, according to a filing last Monday, raising its total holdings to 17.9 million shares.


Reuters | Equities.com |

The slide will force a rethink of spending plans by boards that had cut costs in response to a 2014 oil downturn.


AP News | Equities.com |

While lower oil prices can mean cheaper gasoline, they wreak havoc on already struggling energy companies.


David Nelson, CFA CMT | Equities.com |

With no deal in place, what's next for global energy producers?


Reuters | Equities.com |

Saudi Arabia and Russia signaled they would increase output in a market already awash with crude.


Reuters | Equities.com |

An explosion at a newly acquired refinery could end up costing the bank $200 million.


Michael McTague | Equities.com |

In part two of this series, we examine Saudi Arabia, a nation out of step with its oil-hungry international consumers.


Stephen L Kanaval | Equities.com |

The oil giant said the returns will be achieved by reining in capital spending, improving cost efficiency and cash flow growth.