Tag: oil

Tesla's (TSLA) earnings have risen, led by increasing electric vehicle deliveries. Saudi Aramco has reported declining profits driven by falling oil prices.

Chevron stock (XOM) closely relates to oil prices, so investors sometimes use this highly liquid, well-regarded stock as a trading vehicle for oil.

Kinder Morgan reported its Q3 results yesterday. Although its adjusted EPS rose 5% YoY to $0.22, it missed analysts’ consensus estimates of $0.24 per share.

On Thursday, Leon Cooperman, a billionaire hedge fund manager, expressed concerns about Elizabeth Warren's leftist thinking.

Integrated oil companies ExxonMobil and Chevron have strong upstream portfolios, which play a vital role in determining their profitabilities.

On September 14, drones attacked Saudi Arabia Aramco's oil-infrastructure. Saudi Arabia's oil production has fallen by 50%.

President Trump might consider an interim trade deal. However, the US government's top priority is to get a complete trade deal and not individual pieces.

Reports state that Hong Kong could withdraw its controversial extradition bill that sparked mass protests. This event could impact the US-China trade deal.

On August 30, US crude oil October futures settled at $55.1 per barrel. On a week-over-week basis, US crude oil prices rose 1.7%.

The API expects to release its inventory data on Tuesday, August 20. Last year at this time, API reported a fall of 5.2 MMbbls in oil inventories.