Shell PLC said Thursday that it has appointed Wael Sawan as its next chief executive, effective Jan. 1. The energy group SHEL, +0.58% SHEL, +1.96% said that Mr. Sawan will Read more
Tag: Crude Petroleum Extraction
U.S. industrial output up sharply in July
The numbers: U.S. industrial production rose 0.6% in July, the Federal Reserve reported Tuesday. The gain was above Wall Street expectations of a 0.3% increase, according to a survey by Read more
Shell working to fix leak that halted Gulf of Mexico oil output
Shell SHEL, +2.47% said Thursday it halted activity at several of its offshore oil production platforms in the Gulf of Mexico due to leaky pipelines, but said it expects to Read more
These 20 stocks still have at least 48% upside, analysts say, despite the S&P 500’s 8% gain from its lows
The S&P 500 has climbed 8% since June 16, when it closed at its lowest point this year. While the benchmark index is still down 17% this year, analysts expect Read more
Biden expects more Saudi oil output after meeting in Jeddah
President Joe Biden on Friday said he expects further oil supply increases from Saudi Arabia which may help lower U.S. gasoline costs after a meeting with the country’s leaders. Biden’s Read more
Kremlin could seize Russian assets of U.S. companies, warns Moral Rating Agency
The Russian assets of major global corporations could be seized by the Kremlin amid the ongoing fallout from Russia’s invasion of Ukraine, according to new research. With the war now Read more
U.S. stocks head for longest losing streak in a month as rate-hike fears, weak bank earnings bite
U.S. stocks fell sharply Thursday as investors braced for the possibility of a full percentage point increase in the Federal Reserve’s benchmark interest rate later this month, while weak megabank Read more
The tourists have fled the energy space. One bank says they may have bolted too soon.
Today’s highlight will be the release of the consumer price index, which could show inflation hitting a four-decade high. But for now, let’s look further out into the future — Read more
Oil supply crisis showing signs of easing, IEA says
The worst oil-supply crisis in decades is showing tentative signs of easing as flagging economic growth weighs on demand for crude while sanctions on Russia’s oil industry are having less Read more
These high-yield stocks are down as much as 58% this year. But their inflation-fighting dividends have room to grow.
It’s that time again — the monthly consumer-inflation report will be released July 13, and the numbers are expected to be ugly. If you are an investor who wants current Read more