New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 23, 2014
06:36 EDTLUKOY, BP, OGZPY, YNDXEU fails to impose tough sanctions on Russia, NY Times says
EU foreign ministers failed to impose any tough sanctions against Russia during a meeting of the bloc's foreign ministers yesterday, according to The New York Times. Given their dependence on Russia's energy, EU countries have "largely decided" they "have to live with" Russia, the newspaper stated. Significant Russian companies include Gazprom (OGZPY), Lukoil (LUKOY) and Yandex (YNDX), while BP (BP) has a 20% stake in major Russian energy company Rosneft. Reference Link
News For OGZPY;LUKOY;YNDX;BP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 1, 2015
18:12 EDTBPIraq's oil minister sees barrel of crude selling at around $65, Reuters says
Subscribe for More Information
February 26, 2015
18:02 EDTBPHelix Energy and BP amend and defer multi-year Q5000 contract
Subscribe for More Information
February 25, 2015
13:56 EDTBPSaudi Arabia aims to become second-largest refined oil exporter, WSJ says
Saudi Arabia's oil minister Ali al-Naimi said Wednesday it plans to become the world's second-largest refined oil product exporter by 2017, reports the Wall Street Journal, citing statements given at a conference. Two new refineries in Saudi Arabia will add 800,000 BPD this year, and a planned 2017 refinery in Jazan will bring the kingdom's total capacity to over 3M BPD. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
08:26 EDTBPEnterprise Products probed by FTC after rivals complain, WSJ says
Subscribe for More Information
06:45 EDTBPSaudi minister says demand for oil rising, Reuters reports
The price for Brent oil was little changed around $59 per barrel early this morning after Saudi Arbaia's energy minister said that demand for petroleum was increasing, according to Reuters. The minister added that oil markets "are calm now, Reuters added. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 23, 2015
13:45 EDTBPOpec may call emergency meeting if crude continues slide, FT says
According to Diezani Alison-Madueke, Nigeria's oil minister, Opec members have discussed holding an emergency meeting if crude prices continue to tumble, says the Financial Times. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
February 22, 2015
11:59 EDTBPUSW to expand ULP oil strike
The United Steelworkers, USW, announced that it will expand its unfair labor practice strike, ULP, by launching a work stoppage tonight at midnight at the Motiva Enterprises refinery in Port Arthur, Texas. This refinery, a 50-50 joint venture between Shell Oil Company and Saudi Refining, produces more than 600,000 barrels per day. In addition, 24 hour strike notices were delivered at Motiva’s two Louisiana refineries in Convent and Norco as well as at the Shell Chemical plant in Norco. Capacity at these facilities is 235,000 and 238,000. These refineries are also jointly operated by Royal Dutch Shell and Saudi Refining, Inc. of Saudi Arabia. “The industry’s refusal to meaningfully address safety issues through good faith bargaining gave us no other option but to expand our work stoppage,” said USW International President Leo W. Gerard. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 20, 2015
07:37 EDTBPU.S. judge rejects BP request for lower fine per barrel, Reuters says
U.S. District Judge Carl Barbier has rejected BP's request for a maximum fine of $3,000 per barrel, upholding the maximum penalty of $4,300 per barrel, reports Reuters. The decision means the total fine for BP could reach $13.7B, though it is still unclear when a final decision will be reached. BP spokesman Geoff Morrell stated the company is considering its legal options. Reference Link
February 19, 2015
09:07 EDTYNDXYandex Q4 results not as bad as feared, says Pacific Crest
Pacific Crest believes that Yandex had a difficult Q4, but says that the results were not as bad as feared on a constant currency basis. The firm thinks that Yandex will be well-positioned to benefit when Russia rebounds. It cut its price target on the stock to $23 from $35 but keeps an Outperform rating on the shares.
06:58 EDTBPU.S. oil prices tumble after inventory data released, Reuters says
Subscribe for More Information
February 18, 2015
09:10 EDTYNDXOn The Fly: Pre-market Movers
Subscribe for More Information
09:04 EDTYNDXYandex says guidance limited to quarter due to 'high level of uncertainty'
Yandex said its current outlook is limited to quarterly guidance because of the high level of uncertainty in the current macroeconomic situation. CEO Arkady Volozh said, "The company performed well in the fourth quarter and demonstrated another full year of excellent results, despite the difficult macroeconomic environment. We continue to develop our existing services and products as well as new business models, such as the recently launched Yandex Data Factory. Although we face challenging economic headwinds, including substantial currency fluctuations, we are managing Yandex for the long term. We will continue to improve monetization, pursue cost efficiencies in our core business and manage our forex exposure, while investing into critical growth areas such as mobile and advertising technologies."
09:02 EDTYNDXYandex sees Q1 revenue to grow about 15%
Subscribe for More Information
07:48 EDTYNDXYandex requests anti-trust investigation against Google, TechCrunch says
Subscribe for More Information
06:11 EDTYNDXYandex reports Q4 adjusted net income RUR 3.52B
Reports Q4 revenue RUR 14.7B, consensus RUR 14.74B. Reports Q4 income from operations of RUR 4.5B; Reports Q4 adjusted EBITDA of RUR 6.1B.
February 17, 2015
15:32 EDTYNDXNotable companies reporting before tomorrow's open
Subscribe for More Information
09:23 EDTYNDXYandex volatility elevated into Q4 and outlook
Subscribe for More Information
08:39 EDTBPBP to hold a webcast on energy outlook
Subscribe for More Information
06:58 EDTBPBrent oil reaches $62 per barrel, Reuters reports
Driven higher by Middle East turbulence, the price of brent crude oil reached $62 per barrel today, close to its 2015 high, according to Reuters. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use