You Searched For "oil boom" and got 20 results
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1 min read
Russia's oil and gas revenue is reportedly set to boom 50% this month
Russia's oil and gas sales are on track to reach $9.4 billion in June, Reuters estimated.
Jennifer Sor
2 mins read
Why AI could weigh down oil prices in the next decade, according to Goldman Sachs
The impact to supply due to the use of AI could end up outweighing any rise in demand from AI's pow…
Kelly Cloonan
3 mins read
A wave of M&A means the US oil-production boom may be over
Public and private firms have very different financial priorities. For the US oil industry this yea…
Aruni Soni
2 mins read
The US will be an oil production powerhouse through at least 2026, Goldman Sachs says
The US is on track to churn out 270,000 barrels of oil a day in 2026 as the drilling boom continues…
Jennifer Sor
1 min read
The US oil boom helps ExxonMobil and Chevron notch their second-biggest profits in a decade
ExxonMobil and Chevron notched $36 billion and $21.4 billion for their fourth-quarter profits respe…
Aruni Soni
2 mins read
Oil prices are crashing. Blame uncertain demand and booming US production.
US crude prices plunged below $70 a barrel on Wednesday, while brent dropped to $74 as the global d…
Phil Rosen
3 mins read
India's economic boom feels like 2003-07: Morgan Stanley
India's current world-beating economic growth rate on the back of an investment boom resembles that…
PTI
1 min read
Saudi Arabia trims oil prices to Asia as booming US exports add competition
Saudi Arabia lowered prices on its flagship Arab Light crude for the first time since June, facing …
Aruni Soni
1 min read
Legendary oil mogul Harold Hamm eyes the next stage in the US shale oil boom: 'Generation 3' rock
"That's to deal with the tough rock that contains a lot of things that heretofore we weren't able t…
Filip De Mott
2 mins read
Stock market today: Indexes end the week mixed after inflation scare and Nvidia earnings boom
A strong earnings report from Nvidia helped boost AI-related tech stocks and drove the Nasdaq 100 t…
Matthew Fox
2 mins read
US oil production will keep booming in 2024, setting up a possible showdown with Saudi Arabia
US oil companies are boosting their budgets, and production forecasts indicate new record highs in …
Aruni Soni
3 mins read
The oil industry's mega-merger spree and a US production boom point to strong crude demand for years to come
More consolidation of the oil industry appears inevitable, sources say, and $100 billion in deals p…
Phil Rosen
1 min read
The oil market is at risk of a supply shortage as peak demand is still 10 years away, Goldman Sachs says
Demand for crude is set to climb through 2034, as major oil producers pull back on spending, Goldm…
Jennifer Sor
2 mins read
Elite investor Jeffrey Gundlach compares the AI boom in stocks to the dot-com bubble — and warns of economic pain
Jeffrey Gundlach said he doesn't want to own the Magnificent Seven stocks at these price levels. Bi…
Theron Mohamed
2 mins read
Bitcoin's fair value is zero, and the latest boom will spark 'massive' collateral damage, ECB says
The ECB slammed bitcoin, describing the approval of spot ETFs in the US as "the naked emperor's new…
Yuheng Zhan
1 min read
Exxon looks to EV boom as oil giant is in talks to supply lithium to Tesla and other automakers, report says
Sources told Bloomberg that Exxon Mobil is in talks with car manufacturers such as Tesla, Ford, and…
Filip De Mott
1 min read
The oil and gas industry is undergoing its biggest-ever consolidation
Upstream merger and acquisition activity hit $144 billion in the fourth quarter alone and $190 bill…
Filip De Mott
2 mins read
Oil traders are pouring their money into a market that isn't moving
Open interest in oil futures contracts has risen to the highest level since March 2022, even though…
Aruni Soni
4 mins read
I've lived in Midland, Texas, most of my life. An oil boom has lured millennials like me looking for high-paying jobs.
Realtor Jacobe Kendrick said that so many people have moved to the city to cash in on the windfall …
Alcynna Lloyd
2 mins read
Big Oil is all in on electric cars
Heavyweights of the combustion-car era like Shell, Exxon Mobil, and BP could dominate the electric …