Washington is rewriting America’s oil and gas strategy under the leadership of President Donald Trump, taking sweeping steps to reduce permitting deadlines, lift moratoriums, revive drilling, reopen farmland and accelerate liquefied natural gas (LNG) terminals and exports. However, not all companies will benefit and only a few stocks are directly aligned with Washington’s energy agenda….
By Chibuike Oguh NEW YORK, June 4 (Reuters) – Global stocks rose slightly in a choppy session on Thursday, with European gains followed by a mixed session on Wall Street as investors weighed a hurdle in the AI ​​push, while oil prices fell, dragged down by a ceasefire between Israel and Lebanon. In the United…
Oil prices rose more than 1% on Wednesday, June 3, continuing the rise seen in the previous session, as renewed hostilities in the Middle East and stalled negotiations between Iran and the United States added uncertainty to the market. At 0640 GMT, Brent crude futures were up $1.56, or 1.6%, at $97.56 per barrel (bbl),…
The S&P 500 Index ($SPX) (SPY) rose +0.36% on Monday, the Dow Jones Industrial Average ($DOWI) (DIA) rose +0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose +0.66%. June E-mini S&P futures (ESM26) rose +0.32% and June E-mini Nasdaq futures (NQM26) rose +0.61%. Stock indices ended the day higher, recovering from early losses related to…
By Stephen Culp NEW YORK, May 29 (Reuters) – U.S. stocks followed global stocks higher and crude oil prices retreated on Friday as investors approached the end of a holiday-shortened week with renewed hopes of progress toward a peaceful resolution to the Iran war. A narrow tech-led rally propelled all three major U.S. stock indexes…
By Elizabeth Howcroft PARIS, May 26 (Reuters) – European stock indices were mixed on Tuesday, retreating slightly from recent gains, and oil prices rose after fresh U.S. attacks in southern Iran dampened investors’ hopes that a U.S.-Iran peace deal could be imminent. Market sentiment had become more positive over the past week as traders bet…
By Caroline Valetkevitch and Stefano Rebaudo NEW YORK/MILAN, May 22 (Reuters) – Major stock indexes rose and Treasury yields fell on Friday as investors weighed the likelihood of a near-term deal to end the U.S. and Israel’s war against Iran. Oil prices rose as uncertainty over talks with Iran persisted. U.S. Secretary of State Marco…
Several things have to happen to set the stage for a summer stock market correction, warned Deutsche Bank strategist Henry Allen. The analysis: To achieve a more pronounced stock sell-off, Allen said, past experience has shown that at least one of the following factors would be needed: A sustained oil shock (or at least valued…
A recent survey of market participants from the Bank of Canada has pointed to geopolitical and trade tensions as the biggest risks facing the Canadian economy. Leading the downside are geopolitical risks led by the Middle East war: 82% of respondents identified it as the biggest risk, while 79% and 57% of respondents chose rising…
Chevron (NYSE: CVX) produced a production surge in the first quarter as its global output soared 15% to nearly 3.9 million barrels of oil equivalent per day (BOE/d). That increase in production coincided with a huge rally in oil prices. That double whammy would normally generate huge windfalls for an oil company. However, that was…
