GE to raise $4bn by cutting stake in Baker Hughes
Deal will lower holding in oilfield services group from 62.5% to just over 50% The article GE to raise $4bn by cutting stake in Baker Hughes was originally published at FT.com....
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Trump tweeted that oil’s price ‘should be much lower based on supply’
From Tom DiChristopher: President Donald Trump on Monday tweeted that he hopes OPEC does not cut oil output, the same day Saudi Arabia’s energy minister said the cartel and its allies&...
Dow plunges by more than 600 points in massive market sell-off
From Jim Giaquinto: After two strong weeks in a row, the market starts this one in a deep hole after a broad selloff on Monday. The NASDAQ had the worst session with a plunge of 2.78% (or about 206 po...
Should you consider investing in the Energy-Exploration sector?
From Zacks: Launched on 05/01/2006, the iShares U.S. Oil & Gas Exploration & Production ETF (IEO) is a passively managed exchange traded fund designed to provide a broad exposure to the Energy...
Opec lowers oil demand forecast and warns of oversupply in 2019
The article Opec lowers oil demand forecast and warns of oversupply in 2019 was originally published at FT.com....
Oil majors switch on to power generation
Electricity deals by global groups gather pace amid shift to gas and renewables The article Oil majors switch on to power generation was originally published at FT.com....
U.S. oil prices end below $60 a barrel, marking a record 11 straight down days
U.S. oil prices end below $60 a barrel, marking a record 11 straight down days The article U.S. oil prices end below $60 a barrel, marking a record 11 straight down days was originally published atÂ...
Taking a look at the technicals on 11/12/2018
Market technician Dave Chojnacki of StreetOne Technical Analysis A higher than expected PPI number (0.6% vs 0.2%) had equities moving lower on Friday’s open. The number brought inter...
Saudi Arabia set to produce fewer barrels of oil
The FT’s Anjli Raval explains why the kingdom has opened the door to cutting crude production at this time The article Saudi Arabia set to produce fewer barrels of oil was originally published...
Dow down 100-plus points early Monday; oil rebounds on talk of OPEC output curb
Dow down 100-plus points early Monday; oil rebounds on talk of OPEC output curb The article Dow down 100-plus points early Monday; oil rebounds on talk of OPEC output curb was originally published a...