Stock Market & Financial Investment News

News Breaks March 8, 2012 09:15 EDT CVX Judge who issued $18.2B ruling against Chevron removed from bench Chevron Corp. renewed its request of authorities in Ecuador to investigate the evidence of fraud tainting the Lago Agrio lawsuit after the Associated Press and Ecuador’s El Universo newspaper revealed that Nicolás Zambrano, the judge who issued the $18.2B judgment against Chevron, has been dismissed from the bench due to his complicity in an emerging story of court corruption and drug trafficking in Ecuador. The media outlets reported that the Judicial Council has determined that Judge Zambrano, and Judge Leonardo Ordóñez, who previously presided over the Lago Agrio lawsuit, should be dismissed from their positions on the Court of Justice of Sucumbíos in Lago Agrio following an investigation into allegations of lenient treatment of drug dealers in cases before them. News For CVX From The Last 14 Days Check below for free stories on CVX the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 18, 2013 09:37 EDT CVX BNP Paribas to broker Chevron Nigeria oil sales, Reuters reports Subscribe for More Information 07:13 EDT CVX U.S. oil exports highest in 30 years, Bloomberg reports Subscribe for More Information 06:04 EDT CVX Energy firms may look to courts over U.S. natural gas exports, Reuters reports Subscribe for More Information June 17, 2013 16:07 EDT CVX Tesoro Logistics confirms FTC clearance for purchase of Chevron system Subscribe for More Information 15:35 EDT CVX FTC requires Tesoro to sell petroleum terminal for Chevron deal Subscribe for More Information 10:10 EDT CVX On The Fly: Analyst Downgrade Summary Subscribe for More Information 08:00 EDT CVX Chevron downgraded to Hold from Buy at Jefferies Jefferies downgraded Chevron with a $135 price target citing valuation and expectations its growth can lag the sector average. June 16, 2013 14:13 EDT CVX Chevron confirms first cargo from Angola LNG Subscribe for More Information June 14, 2013 08:06 EDT CVX LNG trade declined in 2012, FT reports Subscribe for More Information June 13, 2013 07:09 EDT CVX U.S. crude oil production surged 14% in 2012, WSJ reports U.S. crude oil production grew by over 1M barrels a day last year, the largest increase in the world and the largest in U.S. history. In the latest sign of the shale revolution remaking world energy markets, crude production in the U.S. jumped 14% last year to 8.9M barrels a day, according to the newly released Statistical Review of World Energy, published by BP, reports the Wall Street Journal.Reference Link June 11, 2013 12:15 EDT CVX EIA sees Brent crude to average $102/barrel over 2H, $100/barrel in 2014 In its updated short-term energy outlook, the U.S. Energy Information Administration expects Brent crude oil spot price to average $102 per barrel over 2H, and $100 per barrel in 2014. EIA expects the price of regular gasoline will average $3.53 per gallon over the summer driving season. The annual average regular gasoline retail price is projected to decline from $3.63 per gallon in 2012 to $3.49 per gallon in 2013 and to $3.37 per gallon in 2014. Reference Link 07:38 EDT CVX OPEC: Stronger oil demand growth in second half of 2013, Reuters reports OPEC said the world's oil demand will grow faster in the rest of 2013 than during the first half due to economic recovery and higher seasonal consumption, reports Reuters. Reference Link June 5, 2013 10:07 EDT CVX On The Fly: Analyst Downgrade Summary Subscribe for More Information 07:12 EDT CVX Argentina revokes Chevron asset freeze, Bloomberg reports Argentina’s Supreme Court revoked the seizure of Chevron’s (CVX) assets in the country six months after an embargo was put in place that threatened to derail plans to develop shale deposits with state-run YPF (YPF), reports Bloomberg.Reference Link 06:32 EDT CVX Chevron downgraded to Equal Weight from Overweight at Barclays Subscribe for More Information 06:03 EDT CVX On the Fly: Periodicals Wrap-Up Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.