Gas prices: ‘We could see $4 gas by end of October’ if oil market holds, analyst...
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CNW GroupRECONAFRICA PROVIDES UPDATE ON COMPLAINT
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) reports that, following a hearing in connection with a recent application (the "Application") filed by certain third party applicants (the "Applicants") with the High Court of Namibia (Main Division) (the "Court") challenging the recent amendments to the Company's Environmental Compliance Certificate (the "ECC Amendments") that were approved by the Environmental Commissioner of the Nam
8h ago
TheStreet.comHere's How Alphabet's Charts Shape Up After Its Big Stock Split
Stock splits (and reverse splits) are part of the investing scene. In this daily bar chart of GOOGL, below, we can see that prices declined to a late May low and have made higher lows since that nadir. The On-Balance-Volume (OBV) line has moved sideways after its low in late May. A sideways move in the OBV line suggests a balance between buyers and sellers and that is a small improvement over a decline.
9h ago
BloombergOil-Pipeline Outage Compounds Biden’s Post-Saudi Crude Dilemma
(Bloomberg) -- Shipments of Canadian oil to US refiners were thrown into disarray by a pipeline disruption just days after President Joe Biden’s unsuccessful bid to coax more crude out of Saudi Arabia.Most Read from BloombergThis Could Be the Start of a Dollar ‘Doom Loop’ Like No OtherGhana Declares First Marburg Virus Disease OutbreakA Goldman Legend, Crypto Star and Top Banker Warn of Next Big RiskStock Optimism Evaporates With Apple Hiring Plans: Markets WrapThe force majeure declared by TC E
23h ago
ReutersHow China became ground zero for the auto chip shortage
From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. Pang has bought 62,000 microcontrollers, chips that help control a range of functions from car engines and transmissions to electric vehicle power systems and charging, which cost the original buyer $23.80 each in Germany. He's now looking to sell them to auto suppliers in the Chinese tech hub of Shenzhen for $375 apiece.
21h ago
Investor's Business DailyOil Stocks: Halliburton Climbs On Earnings Beat; More Field Service Giants To Report
Oil service giants are announcing second-quarter earnings this week, giving investors an idea of the outlook for oil production.
24m ago
ReutersU.S. panel rejects duties on fertilizers from Russia, Trinidad and Tobago
WASHINGTON (Reuters) -The U.S. International Trade Commission revoked hefty anti-dumping and anti-subsidy duties on urea ammonium nitrate fertilizers from Russia and Trinidad and Tobago on Monday, concluding that those imports did not hurt American producers. The panel's vote may help ease shortages and price increases for fertilizers brought on by Russia's invasion of Ukraine, both major fertilizer exporters.
1d ago
FortuneU.S. gas prices just hit a 2-month low—the national average is now under $4.50 a gallon
GasBuddy’s head of petroleum analysis expects prices will tumble to $3.99 per gallon by August.
4h ago
ReutersHalliburton profit jumps, sees strong oil drilling demand
(Reuters) -Oilfield services provider Halliburton Co on Tuesday posted a 41% increase in second-quarter adjusted profit compared to the first quarter, and predicted years of growth in demand for drilling. Driven by high oil prices, the gain was in spite of a $344 million hit from the company winding down assets in Russia in response to its invasion of Ukraine. Halliburton and rival oilfield companies have benefited this year from oil prices above $100 a barrel, up 53% from the same time last year, and around 6% higher compared to the first quarter.
10h ago
CoinDeskEther Breaches 50-Day Average for First Time Since April; Bitcoin Lags
Ether's bounce above the 50-day average may be fleeting, one chartered market technician said.
5h ago
Yahoo Finance VideoDelta, Boeing stocks rise after the airline orders 100 planes
Yahoo Finance's Akiko Fujita discusses news that Delta has placed an order for 100 Boeing 737 Max 10 planes, sending shares of both companies higher.
1d ago
BloombergTesla’s Chinese Battery Maker Is Scoping Out Factory Sites in Mexico
(Bloomberg) -- China’s Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of batteries for electric vehicles, is considering at least two locations in Mexico for a manufacturing plant to potentially supply Tesla Inc. and Ford Motor Co.Most Read from BloombergThis Could Be the Start of a Dollar ‘Doom Loop’ Like No OtherChina Disputes Report Xi Invited Europe Heads to Beijing MeetingGhana Declares First Marburg Virus Disease OutbreakA Goldman Legend, Crypto Star and Top Banker War
1d ago
MarketWatchOil futures finish higher, with U.S. prices holding above $100 as supply concerns resurface
Oil futures shake off early losses on Tuesday to finish higher, as tight supply concerns resurfaced with President Joe Biden's vow to take action on climate change seen threatening U.S. production and with capacity limits looking to cap OPEC output.
1h ago
MarketWatchEnergy and commodity prices will stay elevated amid the energy transition, says Invesco’s investment chief for value stocks
After a hot first half of 2022, many commodity prices are down sharply and crude-oil prices are well off their highs. Recession fears are driving down prices as investors expect demand for raw materials will fall. Meanwhile, the world still needs to burn traditional fossil fuels during this transition.
7h ago
ReutersJefferies to restructure as it doubles down on investment banking
The plan includes spinning off its holdings in Vitesse Energy before the end of this year to create a new publicly traded oil and gas company which will list on the New York Stock Exchange. Jefferies' merchant banking portfolio, which includes investments in real estate, oil and gas, and public companies, was worth $1.6 billion at the end of May, according to a regulatory filing. Revenue from investment banking and capital markets at Jefferies fell 31% in the three months ended May 31, mirroring that of Wall Street banks JPMorgan and Morgan Stanley after a record run in 2021, as geopolitical turmoil and fears of a looming recession have throttled dealmaking.
9h ago
Netflix trying to win back subscribers with new, cheaper options
After seeing a deep decline in subscribers last quarter, Netflix is trying to win back business with new and cheaper options. NBC’s Stephanie Gosk reports on the earnings report the streaming giant is set to release on Tuesday, as well as their plan to get customers back online.
8h ago
The Wall Street JournalEurope Fears Widespread Economic Fallout if Russian Gas Outage Drags On
European officials and executives are in suspense this week about whether Russia will resume the flow of natural gas through the Nord Stream pipeline, as worries about potential shortages and rationing rise.
1d ago
FortuneWhy is the price of Ethereum soaring? Analyst cites ‘two certainties’
Ethereum's uptick is "a strong indication of ETH-led bear market rally," said Youwei Yang, financial analytics director at StoneX.
7h ago
MarketWatchGM cut to hold as Deutsche Bank says traditional automakers will struggle to regain interest
Deutsche Bank in a new note on the auto sector said traditional automakers could struggle to regain investor interest amid concerns about the consumer, risks to pricing, and electrification. General Motors was downgraded to hold from buy and its price target cut to $36 from $57, and Ford was kept at hold and target cut to $12 from $17. Tesla , by contrast, could see its stock perform well in the second half, "as it moves past challenging 2Q conditions, and delivers meaningful volume acceleration
10h ago
Fortune‘That’s not how the oil market works’: Price cap on Russian oil could push the price to $140 a barrel, warns energy research director
As the U.S. tries to rally support for a price cap on Russian oil, critics call the idea “ridiculous,” arguing market forces would quickly undermine the plan.
9h ago
GOBankingRatesNAHB Says Recession Fears Putting Housing Market in Crisis, Suggests 4 Ways To Bring Costs Down
A leading housing expert gave a grim forecast for the U.S. housing market as home prices continue to soar despite a looming recession, contributing to a slowdown in demand. However, there could be...
7h ago
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