SAEX Stock Plunges 31% on News of Securities Claim Investigation
SAEX stock is plunging more than 30% Friday after news of an investigation into SAExploration Holdings (NASDAQ:SAEX) was announced.
Here’s what we know about what’s going on right now.
SAEX Stock Plunges … Read
Gas Prices Expected to Rise Following Philadelphia Oil Refinery Fire
Gas prices are expected to rise on the East Coast after an explosion and fire broke out at the Atlantic Coast’s largest refinery early Friday. The Philadelphia Energy Solutions Refining Complex lit up the skies …
Oil Price Surges As Two Tankers Attacked in the Middle East
Brent crude oil price is surging today off the back of an attack on two oil tankers in the Gulf of Oman. The attack has pushed prices above $62 USD per barrel.
What …
US Judge Halts Hundreds of Oil and Gas Drilling Projects
A US district judge has temporarily halted hundreds of oil and gas drilling projects on over 300,000 acres of public land in Wyoming for failing to take climate change into account.
The judge …
Will Electric Vehicles Kill the Oil Industry? Bank of America Thinks So!
Electric vehicles are making quite the stance around the world. China currently leads the top plug-in electric vehicle sales by a wide margin and year-by-year sales are rapidly increasing. According to IEA research, Europe comes …
Qatar Leaves OPEC: Bad Timing for OPEC But Will It Miss the State?
After a 59-year membership, Qatar will be leaving OPEC. The announcement came this morning.
The small natural-gas rich state will officially leave the organization on January 1st, 2019.
Qatar Leaves OPEC
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Oil Price Falls to Lowest Level Since 2017
Oil price has fallen to its lowest point in 2018. Concerns are mounting about a glut of crude supply along with fears that the economy will reduce demand.
Today Brent crude fell to …
ConocoPhillips Is Set to Offer Big Returns – Analysts Claim
ConocoPhillips (NYSE:COP) is Morgan Stanley’s top pick in the E&P industry for potential returns. The company has recently increased its quarterly dividend by 7.5% for this year and boosted its share buyback program from prior …
Schlumberger Limited: Future Fundamentals Are Stable
Schlumberger Limited (NYSE:SLB) has been enjoying increasing demand from exploration and production activities all over the world. Improving oil prices and a stable outlook for the energy sector pushes oil production companies to pump more …
Chevron Corp is Better than Peers, Analysts Claim
Chevron Corp (NYSE:CVX) is one of the few companies in the energy sector that has increased its dividends in the last 31 consecutive years despite volatile oil & gas prices.
CVX has the …