Market Chatter: Transportadora de Gas del Sur Halts Small LNG Plant Plans in Argentina
The $100m transaction encompasses around 265 wells.
The Biden Administration is selling gas reserves ahead of July 4 in part to improve prices at the pump this summer. The 1 million barrels of gasoline stored in Maine and New Jersey are dwarfed by the nearly 350 million barrels of crude oil stored in the U.S. Strategic Petroleum Reserves. The Biden administration plans to sell nearly 1 million barrels of gasoline just in time for the summer driving season.
Improving Permian production amid healthy oil prices raises the incentive to keep an eye on companies like ExxonMobil (XOM), Chevron (CVX) and Diamondback Energy (FANG).
TotalEnergies and Equinor are also interested in acquiring the 40% stake that Galp is looking to sell.
(Bloomberg) -- Oil fell after signs the Federal Reserve may hold interest rates higher for longer spurred a selloff in equities.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Delivers on AI Hopes, Igniting $140 Billion Stock RallyCiti Trader Got 711 Warning Messages Before Sparking Flash CrashTech Up in Late Hours as Nvidia Emboldens AI Bulls: Markets WrapWest Texas Intermediate tumbled by 1.4% to settle below $78 after the release of the Fed minutes that s
(Bloomberg) -- Oil extended losses after an industry report pointed to rising US crude inventories, adding to bearish signs for the market.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorThese Flight Routes Suffer the World’s Worst TurbulenceBarclays Managers Warn Some Staff to Prepare for Five Days a Week in OfficeBrent traded around $82 a barrel, near its lowest in three months
Stock Market Today: The Dow Jones dropped 225 points Thursday after jobless claims. Nvidia stock surged above $1,000 on strong earnings results.
According to a report, President Biden’s proposed 2025 budget would increase the top marginal rate on long-term capital gains and qualified dividends to an astonishing 44.6%.
This marks the largest stock split to date for the chipmaker.