Browsing Category
Energy
Saudi oil giant Aramco’s shares rise after stock sale set to raise $11.2
Saudi Aramco logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Dado Ruvic | ReutersShares of Saudi Arabia's Aramco rose on Sunday following a stock sale that's set to raise the…
IRS employee charged in Exxon Mobil tax credit theft bid
Chip Somodevilla | Getty Images News | Getty ImagesA former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits owed to Exxon Mobil by diverting the funds using a taxpayer database he…
WTI, Brent rise for second day
A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. Bing Guan | ReutersCrude oil futures rose about 2% on Thursday in a second consecutive day of gains, as the…
WTI, Brent rebound after selloff
Yasir Al-Rumayyan, chairman of Saudi Arabian Oil Co. (Aramco), speaks during a news conference in Dammam, Saudi Arabia, on Sunday, Nov. 3, 2019. Mohammed Al-Nemer | Bloomberg | Getty ImagesCrude oil futures rose more than 1% on…
What slumping oil prices mean for our stake in Coterra Energy
U.S. crude prices fell for the fifth straight day Tuesday, but we remain committed to our lone oil-and-gas stock in Coterra Energy . West Texas Intermediate has been moving lower since its early April peak, with Tuesday bringing the U.S.…
Hackers attack solana crypto, stealing millions
The logo of cryptocurrency platform Solana.Jakub Porzycki | NurPhoto via | Getty ImagesNearly 8,000 digital wallets have been drained of just over $5.2 million in digital coins including solana's sol token and USD Coin (USDC), according…
Potential curb on Australian LNG exports is another blow to Asia-Pacific
The Asia-Pacific gas market has suffered another blow after major natural gas producer Australia signaled it could potentially cut down liquified natural gas exports as the region battles tight gas supplies, high prices and competition…
Oil companies giving back tons of cash, and other themes this earnings
A trader works at the New York Stock Exchange NYSE in New York, the United States, May 18, 2022. U.S. stocks plummeted on Wednesday as weak earnings from major retailers stoked concerns about the impact of inflation.Michael Nagle |…
Investors flock to green energy funds as Congress passes climate bill
The expansion of renewables comes at a time when concerns about the speed of the planet's shift away from fossil fuels have been heightened following Russia's invasion of Ukraine.Imaginima | E+ | Getty ImagesThere's been a surge of…
National average for a gallon of gas drops below $4
A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas.Brandon Bell | Getty ImagesThe national average for a gallon of gas dropped below $4 on Thursday for the first time since March, in an ongoing sign that…