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Finance & Investing News

Wednesday, April 26, 2017   (Today)

Finance and Investing News

Saudi Arabia Seen Losing Market Share to Iran, Iraq on Oil Cuts
Saudi Arabia, the world's biggest crude exporter, is losing market share to Iraq and Iran.



Tuesday, April 25, 2017

Finance and Investing News

ExxonMobil's Dividend Tradition Faces Challenge as Oil Sputters
ExxonMobil has boosted it's dividend every April for at least a decade, delivering more than $98 billion directly to shareholders.



Monday, April 24, 2017

Finance and Investing News

HSBC Wins Mandate On $100B Saudi Aramco IPO
HSBC Holdings Plc has been formally mandated as an adviser on the initial public offering of Saudi Arabia's national oil giant Aramco.



Friday, April 21, 2017

Finance and Investing News

Schlumberger Expects Reactivation Costs To Squeeze Margins
Schlumberger says a ramp up in drilling activity in North America boosted pricing for its services, but the cost of reactivating equipment idled during the downturn dragged down margins.



Thursday, April 20, 2017

Finance and Investing News

Singapore's Keppel Posts Higher Profit, But Offshore Business Still Bleak
Singapore's Keppel Corp posts its first year-on-year rise in quarterly profits since early 2015, helped by improved earnings from infrastructure and investments.

Oil Prices Could Tumble Again On US Shale Influx
Oil prices could fall again by the end of the year due to a rapid increase in US shale production, Total chief executive says.

Woodside Q1 Revenue Falls 9% As Heavy Rain Hits Output
Woodside Petroleum reports a 9% drop in Q1 revenue on Thursday as production fell, largely due to extremely heavy rainfall.



Tuesday, April 18, 2017

Finance and Investing News

Peru To Issue Up To $3B In Bonds To Finance State-Run Oil Firm
Peru is expecting to issue up to $3 billion in bonds in the international market in the first half of 2017.



Monday, April 17, 2017

Finance and Investing News

PETRONAS Sets April Crude Price Factor At $3.50/bbl
Petronas has set the price factor for Malaysian Crude Oil (MCO) for April at $3.50 per barrel, down 70 cents.

Daewoo Shipbuilding's Bailout Plan Cleared by Pension Fund
Daewoo Shipbuilding wins a reprieve, helping avert a payment crisis that had threatened to almost shut the company.



Friday, April 14, 2017

Finance and Investing News

Vietnam's Petrolimex To List At $1.90 Per Share
Vietnam's Ho Chi Minh stock exchange has given approval for top fuel importer and distributor Petrolimex to list at 43,200 dong ($1.90) per share.

Bankers' Fading Fear of Oil Lending Is Latest Boon for Shale
Wall Street banks' growing optimism about the energy industry is the latest boost for US oil and natural gas producers already enjoying higher prices.



Thursday, April 13, 2017

Finance and Investing News

Shale, Not Stock, Fuels the Wealthiest U.S. County
There are three good guesses for which US county has the the highest adjusted gross incomes (AGI).

Saudi Debt Binge Amid Oil Gains Eases Bank Liquidity Drought
Saudi Arabia's repeat visits to international bond markets and a partial recovery in the price of oil, its biggest export, is easing a liquidity squeeze that was hampering its financial system.



Wednesday, April 12, 2017

Finance and Investing News

PDVSA Notes Rally After Oil Company's $2.2 Billion Payment
Bonds issued by Venezuela's state oil company rallied after the country made $2.2 billion in payments on matured notes.



Tuesday, April 11, 2017

Finance and Investing News

OMV's Q1 Refining Margin Falls Q/Q To $5.42/Bbl
OMV's refining margin fell to $5.42 per barrel in the first quarter.



Friday, April 7, 2017

Finance and Investing News

Petrochina Sees Lower Q1 Profit On Qtr, But Turnaround From Year Ago
PetroChina expects a first-quarter profit of 5-6 billion yuan ($724.8-$869.8 million), down slightly from the preceding quarter, but a turnaround from a huge loss a year earlier.






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