crude

Donald Trump’s energy plan may not actually include independence from Saudi oil. According to Reuters analyst John Kemp, Trump’s promise to restrict Saudi oil imports is an “empty threat.” “Trump is first and foremost a showman and impresario rather than a policy wonk...

Two of the most popular instruments for making levered bets on oil prices we be delisted on December 9. Credit Suisse has announced that it will be discontinuing its Velocity Shares 3X Long Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (NYSE: UWTI) and Velocity Shares 3X...

The defeat of Hillary Clinton to Donald Trump in the 2016 U.S. presidential election has led to contrasting reactions within the energy sector, particularly regarding coal and solar stocks. Trump's Energy Plans The Trump win is seen as a boost to coal producers, as he intends to revive the...

Despite all the commotion about this being a good year for commodities, the iShares S&P GSCI Commodity-Indexed (ETF) (NYSE: GSG) is flat year-to-date. That condition is unlikely to persist after the results of Tuesday's presidential election start trickling in. The Climate As has been...

Following continued chatter regarding the General Electric Company (NYSE: GE)–Baker Hughes Incorporated (NYSE: BHI) deal, here is a compilation of sell-side analysts' takes on the soon-to-be spun off combined unit's separate publicly traded energy services company. Baker Hughes' Competitive...

General Electric Company (NYSE: GE) is merging its oil and gas (O&G) business with Baker Hughes Incorporated (NYSE: BHI) in a complex deal, creating a “digital industrial company” in the oilfield services sector and a stronger rival to Schlumberger Limited. (NYSE: SLB). Baker Hughes...

Shares of Baker Hughes Incorporated(NYSE: BHI) slid 6 percent on Monday, versus a 2 percent decline in the OSX, on concerns surrounding the economics of the deal with General Electric Company (NYSE: GE). Although the financials of the deal are disappointing, the merger makes “a ton of sense...

After U.S. oil giants Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) chimed in contrasting third-quarter results, with the former reporting year-over-year declines in earnings while the latter swung to a net profit, it was déjà vu in Europe. BP plc (ADR) (NYSE: BP) and...

Baker Hughes Incorporated (NYSE: BHI) shares were surging higher early Monday following an official announcement of a deal with General Electric Company (NYSE: GE). While the merger/spinoff deal is certainly good news for Baker Hughes shareholders, the terms of the deal are far from the typical...

General Electric Company (NYSE: GE) hasn't been afraid to use its massive size and scope to pursue multi-billion acquisitions, even though the strategy has been criticized by a major investor. The company's latest large-scale M&A consists of buying the oil services giant Baker Hughes...

There is potential for several positive catalysts over the next 12 months that could unlock value at Chevron Corporation (NYSE: CVX), Goldman Sachs’ Neil Mehta said in a recent report. He upgraded the rating on the company from Neutral to Buy and added the stock to the Conviction List. The 12...

Exxon Mobil Corporation (NYSE: XOM) shares have outperformed the sector since July 2015, driven by the successful execution of large projects, the company’s defensive characteristics since the decline in oil prices and dividend growth. Goldman Sachs’ Neil Mehta downgraded the rating on...

The Wall Street Journal reported last week that General Electric Company (NYSE: GE) was in talks to merge its oil business with Baker Hughes Incorporated (NYSE: BHI). The report resulted in shares of Baker Hughes gaining more than 8 percent on Friday and hitting a new 52-week high of $59.39, even...

Exxon Mobil Corporation (NYSE: XOM) may have struck liquid gold as the company announced a significant oil discovery near the coast of Nigeria. Exxon said that the Owowo field located in offshore Nigeria has a potential recoverable resource of 500 million to 1 billion barrels of oil. How Big Is It...

This week, Exxon Mobil Corporation (NYSE: XOM) reported the discovery of a massive new oilfield in offshore Nigeria that could contain up to one billion barrels of oil. On the surface, the Owowo discovery seems like great news for Exxon and its shareholders, but a number of market analysts have...