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Stock Market & Financial Investment News

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January 18, 2013
08:01 EDTXOM, RDS.A, BP, CVXOil set for longest weekly gain in 14 months, Bloomberg reports
In New York, oil is headed for the longest weekly increase in 14 months following a pickup in economic growth in China, reports Bloomberg. Crude for February delivery was at $95.38 a barrel, after the contract advanced 1.3% to $95.49 yesterday. Prices gained 2% this week for a sixth straight advance, the longest run of gains since November 2011. Reference Link
News For A;CVX;BP;XOM From The Last 14 Days
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June 17, 2013
16:07 EDTCVXTesoro Logistics confirms FTC clearance for purchase of Chevron system
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15:35 EDTCVXFTC requires Tesoro to sell petroleum terminal for Chevron deal
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10:10 EDTCVXOn The Fly: Analyst Downgrade Summary
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08:00 EDTCVXChevron 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 EDTCVXChevron confirms first cargo from Angola LNG
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June 14, 2013
08:06 EDTXOM, CVX, BPLNG trade declined in 2012, FT reports
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June 13, 2013
14:29 EDTXOMU.S., Arkansas file joint complaint against Exxon for Pegasus spill
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07:09 EDTBP, CVX, XOMU.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
06:10 EDTBPOn the Fly: Periodicals Wrap-Up
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June 11, 2013
19:21 EDTXOMRosneft, ExxonMobil finalize Arctic research agreements
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12:15 EDTCVX, XOM, BPEIA 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
10:09 EDTXOMExxon Mobil in talks for stake in Turkey's Black Sea block, Reuters reports
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07:38 EDTCVX, XOM, BPOPEC: 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 6, 2013
05:51 EDTXOMStocks with implied volatility movement; WM XOM
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June 5, 2013
10:07 EDTCVXOn The Fly: Analyst Downgrade Summary
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07:12 EDTCVXArgentina 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 EDTCVXChevron downgraded to Equal Weight from Overweight at Barclays
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06:13 EDTXOMNordic American Tanker awarded 2 year contract by Exxon Mobil subsidiary
Orion Tankers, a 100% owned subsidiary of Nordic American Tankers, and acting as agents for NAT, has recently renewed its commercial agreement with a subsidiary of ExxonMobil. Cementing a long term relationship between the parties, the contract provides for a firm 2 year extension to the initial one year agreement that took effect May 2012. This new contract demonstrates the oil major's continued faith in NAT's sound financial position and validates management's dedication to safety and to quality operations of its large, high standard suezmax fleet. Typically, a suezmax tanker is carrying one million barrels of crude oil. The contract, which is based upon spot suezmax rates at any given time, has provisions for a world wide service. Given the present market conditions, it is of utmost importance that NAT continues to enjoy access to cargoes as outlined in the agreement.
06:05 EDTXOMOrion Tankers renews comercial agreement with Exxon Mobil subsidiary
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06:03 EDTCVXOn the Fly: Periodicals Wrap-Up
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