oil

Shell Beats Third Quarter Estimates

Shell Beats Third Quarter Estimates

Shell Global (NYSE: RDS.A) reported almost a 50% rise in quarterly profits that was mostly driven by strong refining while also adapting well to low oil prices. Cash generation has been boosted in recent quarters as costs have been cut and asse..

Crude Touches $50 Mark Once Again

Crude Touches $50 Mark Once Again

Monday was a good day for crude oil as the price of the commodity soared to touch the $50 per barrel mark. With fluctuations characterizing the price of late and its subdued showing in recent times, this was indeed good news for those invested in th..

US Crude Stockpiles for a Third Week - Oil Prices tap session High

US Crude Stockpiles for a Third Week - Oil Prices tap session High

Government data that was released on Wednesday showed a decrease in US crude stockpiles for a third week in a row, causing oil prices to tap the highest levels of the session. There were also further gains in total domestic crude production, reveale..

Indonesia Targets 5% GDP Growth

Indonesia Targets 5% GDP Growth

Indonesia is targeting a comeback for its economy. Having  been weighed down by a decrease in spending and lack of investments in early 2017, the Parliamentary Budget committee has agreed the government's request to raise the target growth ..

China’s Cosco Shipping Holdings Buy’s Stake in Orient Overseas International Ltd

China’s Cosco Shipping Holdings Buy’s Stake in Orient Overseas International Ltd

For $6.3 million, China’s Cosco Shipping Holdings Co. decided to buy a controlling stake in Hong Kong based Orient Overseas International Ltd. (OOIL) This resulted in a deal that would expand China’s container shipper services, making it..

Tech Stocks Continue to be the Center of Attention

Tech Stocks Continue to be the Center of Attention

At the end of last week, the market saw some heartening gains, thanks in main to the tech sector which made a show of strength in no uncertain terms. Tech Stocks Continue to be the Center of Attentionin this segment have been performing well over th..

BP to take $750 million hit after backing out from Angola

BP to take $750 million hit after backing out from Angola

According to Reuters, BP P.L.C. (NYSE: BP), a British multinational oil and gas company headquartered in London, England, and one of the seven major one of the world's seven oil and gas "supermajors will take on a $750 million charge for un..