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$35.64
-2.25 (-5.94%)
At Close: Jun 05, 2026
Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago
11:56am, Thursday, 30'th May 2024
Exxon Mobil was replaced by Salesforce as Dow component in August 2020, a shakeup seen a sign of the energy sector's weakness and tech's strength. But the oil major's stock has gained nearly 170% sinc
U.S. Crude Oil Stocks Fall More Than Expected
11:26am, Thursday, 30'th May 2024
Oil stocks fell by 4.2 million barrels — a greater decline than was expected.
Crude Inventories Declined By 4.2 Million Barrels
11:23am, Thursday, 30'th May 2024
Gasoline inventories increased by 2.0 million barrels, exceeding analyst estimates.
US crude stocks fall, gasoline and distillate inventories rise - EIA
11:15am, Thursday, 30'th May 2024
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending May 24, the Energy Information Administration said on Thursday.
OPEC+ discuss keeping voluntary oil cuts until year-end, sources say
11:13am, Thursday, 30'th May 2024
OPEC+ members that are making 2.2 million barrels per day of voluntary oil output cuts are discussing extending them until the end of the year, three OPEC+ sources said ahead of the group's meeting on
Schumer asks DOJ to investigate FTC claim oil exec colluded with OPEC
10:20am, Thursday, 30'th May 2024
U.S. Senate Majority Leader Chuck Schumer and 22 other Democratic Senators on Thursday asked the Attorney General to investigate allegations of collusion and price fixing between the oil industry and
U.S. crude oil falls 3.2% in May, on pace for worst month of the year
08:55am, Thursday, 30'th May 2024
U.S. crude oil is down 3.2% in May, its worst performance since December. Oil prices have traded in a tight range over the past month as inventories have stabilized, though soft economic data points t
Israel aims to boost Red Sea oil deliveries despite environmental risks
08:04am, Thursday, 30'th May 2024
Israel plans to allow more oil tankers to dock at a Red Sea port in Eilat despite environmental risks, as it strives to maintain energy security amid conflict on multiple fronts, according to Israeli
Oil prices sink as wider market selloff continues and traders await inventory data
07:31am, Thursday, 30'th May 2024
Oil futures fell Thursday, feeling pressure as equities and other assets perceived as risky extended a selloff and traders awaited official data on U.S. inventories.
Saudi Aramco: the oil colossus
07:02am, Thursday, 30'th May 2024
Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval from Crown Prince Mohammed bin Salman, people with knowledge of the matter s
Oil Mergers Are Taking Off. These Stocks Stand to Win or Lose.
12:30am, Thursday, 30'th May 2024
Small and midsize oil and gas companies could be winners as they attract attention from acquirers. Oil field service companies, by contrast, could be hurt by fewer customers.
Oil prices down on demand woes as markets await U.S crude stockpiles data
08:51pm, Wednesday, 29'th May 2024
Oil prices were down on Thursday as the markets wait on the latest U.S. crude oil stockpiles data while resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a poten
Exclusive: Double Eagle explores $6.5 billion sale of shale oil producer, sources say
03:11pm, Wednesday, 29'th May 2024
Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people fam
Oil prices could turn volatile if OPEC+ fails to extend production cuts this weekend
12:33pm, Wednesday, 29'th May 2024
Members of the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, will hold a much-anticipated ministerial meeting via videoconference on June 2 — and the o
Oil deals: Shareholders approve Hess sale, Conoco acquires Marathon
11:00am, Wednesday, 29'th May 2024
Hess (HES) shareholders have officially voted in favor of selling the company to Chevron (CVX) in a deal valued at $53 billion. However, the path to finalizing this transaction still presents several
