WTI, Brent rise as U.S. production plateaus
Pipeline and crude storage tanks in Cushing Oklahoma. Justin Solomon | CNBC Crude oil futures rose for a third day as U.S. production this year is expected to grow less …
Occidental Petroleum Corp
No letup in tech layoffs
Justin Tallis | AFP via Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they …
Wall Street anxious over Fed concerns
U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on January 31, 2024 in Washington, DC. The Federal Reserve announced …
Oil market will face supply shortage by end of 2025, Occidental CEO says
Occidental CEO Vicki Hollub speaks at the panel dicscussion during the Abu Dhabi International Petroleum Exhibition and Conference held at ADNEC Exhibition Center on October 2, 2023. Ryan Lim | …
Oil prices to end year 10% lower, first annual decline since 2020
A driver pumps gas at a Sunoco gas station in Washington, DC, US, on Tuesday, Nov. 28, 2023. Al Drago | Bloomberg | Getty Images Oil prices are on pace …
Buffett’s Berkshire buys more Occidental in endorsement of Permian Basin-related purchase
The Occidental Petroleum Headquarters is seen on December 11, 2023 in The Woodlands, Texas. Brandon Bell | Getty Images News | Getty Images Berkshire Hathaway has purchased more than 10 …
The top 10 things to watch in the stock market Monday
The top 10 things to watch Monday, Dec. 11 1. U.S. stocks are muted Monday following last week’s push to a new 52-week high in the S & P 500 …
Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend
Occidental Petroleum Jay L. Clendenin | Los Angeles Times | Getty Images Occidental Petroleum has agreed to buy CrownRock, a major privately held energy producer that operates in the Permian …
OPEC says oil industry unjustly vilified ahead of COP28
OPEC has refused to switch to bigger output increases as group sources have cited a lack of spare capacity among members to add more barrels as well as the need …
Watch for earnings from oil and gas outfits
CNBC’s Jim Cramer on Friday provided insight into next week’s Wall Street happenings. He said he’ll be paying close attention to several quarterly earnings reports, especially from oil and gas …