Petroleum News

• Implied Volatility Surging for Callon Petroleum (CPE) Stock Options
  
  Investors need to pay close attention to Callon Petroleum (CPE) stock based on the movements in the options market lately.
  Zacks.  Tuesday, 7 Jul 2020.
• Marathon Petroleum (MPC) Outpaces Stock Market Gains: What You Should Know
  
  In the latest trading session, Marathon Petroleum (MPC) closed at $36.07, marking a +1.09% move from the previous day.
  Zacks.  Thursday, 2 Jul 2020.
• Occidental warns of up to $9 billion asset writedown on bleak oil price outlook
  
  Occidental will once again pay Berkshire Hathaway Inc, which last year bought $10 billion worth of its preferred shares to help acquire Anadarko Petroleum, in stock dividend instead of cash on June 30. ...
  Yahoo.  Thursday, 25 Jun 2020.
• Underinvestment Could Send Oil Prices Soaring
  
  British Petroleum just announced a string of write-offs, but it could be a sign of things to come in the oil, gas and energy industry
  Yahoo.  Wednesday, 17 Jun 2020.
• The Last Oil And Gas Cycle: Building The Future On Lessons From The Past
  
  Is the sun setting on petroleum? A new era is here and with it is the opportunity for oil and gas to drive the energy transition.
  Forbes.  Tuesday, 16 Jun 2020.
• The hot new thing to make your stock pop: Go bankrupt
  
  Bankrupt names Hertz, Whiting Petroleum, Pier 1 and J.C. Penny saw their shares surging at least 70% each in Monday's trading alone, some of which more than doubling.
  CNBC.  Tuesday, 9 Jun 2020.
• Occidental Petroleum to review Middle East assets - Bloomberg News
  
  Oil and gas producer Occidental Petroleum is reviewing options for its Middle Eastern assets in a bid to ease its debt load, Bloomberg News reported on Monday, citing people familiar with the matter.
  Reuters.  Monday, 8 Jun 2020.
• Occidental Petroleum shuts in U.S. Gulf of Mexico production, evacuates workers
  
  Occidental Petroleum Corp has shut in production at its central and eastern Gulf of Mexico facilities ahead of Tropical Storm Cristobal, the company said on Friday.
  Reuters.  Friday, 5 Jun 2020.
• SMALL CAP MOVERS: Bahamas Petroleum rockets; Attis Oil and Gas lower
  
  Bahamas Petroleum zoomed 126 per cent to 3p after inking a deal that sets in stone the start of operations for an exploration project.
  Daily Mail.  Friday, 29 May 2020.
• US import prices post largest drop in over five years
  
  U.S. import prices fell by the most in more than five years in April as the coronavirus crisis depressed demand for petroleum products, which could strengthen some economists' predictions of a brief period of deflation.
  CNBC.  Thursday, 14 May 2020.
• Window to another world: Life is bubbling up to seafloor with petroleum from deep below
  
  Microbial life is bubbling up to the ocean floor along with fluids from deeply buried petroleum reservoirs, reports a team of scientists.
  Science Daily.  Friday, 1 May 2020.
• Oil prices rise 4.2% but markets slip 2% after historic petroleum deal
  
  Saudi Arabia, Russia and others agreed to slash their output by nearly 10million barrels per day to prop up prices after a slump in demand.
  Daily Mail.  Monday, 13 Apr 2020.
• Trump: 'Great' OPEC+ Deal Will Save US Jobs
  
  President Donald Trump on Sunday praised a deal among the world's top oil producers to cut global petroleum output, saying it would save jobs in the U.S. energy industry.
  Newsmax.  Sunday, 12 Apr 2020.
• G20 Oil Agreement Doomed To Fail As All Earlier OPEC Deals Have Failed
  
  Price-rigging, once a globally reviled specialty of the Organization of Petroleum Exporting Countries, has been legitimized by the G20.
  Forbes.  Saturday, 11 Apr 2020.
• US Blacklists 5 UAE-Based Companies Over Buying Iran Oil
  
  The United States on Thursday imposed sanctions on five United Arab Emirates-based companies, accusing them of having collectively purchased in 2019 hundreds of thousands of metric tons of petroleum products from Iran.
  Newsmax.  Thursday, 19 Mar 2020.

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