Tag: oil

  • Price of oil continues to be a problem for the United States and President Biden

    Price of oil continues to be a problem for the United States and President Biden

    Rising oil prices have handed President Biden a dilemma at a politically precarious time. His administration’s ambitious agenda to stem global warming calls for a shift away from fossil fuels. Yet Mr. Biden is now urging the Organization of the Petroleum Exporting Countries to increase production to ease shortages and lower prices. OPEC has so […]

  • OPEC+ decision leads to higher oil prices

    OPEC+ decision leads to higher oil prices

    OPEC and a Russia-led group of oil producers agreed to continue increasing production in measured steps, delegates said Monday, deciding against opening the taps more widely, and driving U.S. crude prices to their highest levels since 2014. West Texas Intermediate, the main U.S. oil price, rose 2.3% to close at $77.62 a barrel. Brent, the […]

  • Exxon names new CFO

    Exxon names new CFO

    Exxon Mobil Corp. has hired Kathryn Mikells as its next chief financial officer, succeeding 43-year company veteran Andrew Swiger as the company’s top financial executive. Ms. Mikells will take over as the energy giant’s CFO Aug. 9, the company said. She previously served as CFO of Diageo PLC, a British beverage company, since 2015. Before […]

  • Chasing The Yield Podcast – July 19, 2021

    Chasing The Yield Podcast – July 19, 2021

    Markets are taking a dive, J&J has more problems, Microsoft blames Israeli group, OPEC reaches compromise, hotels eliminating housekeeping, and much more!

  • OPEC reaches compromise with UAE

    OPEC reaches compromise with UAE

    If the compromise takes hold that could lead to a drop in the price of oil. In this post pandemic economy who knows what effect this will have. I expect we won’t notice much of a change in the short term. It’s more important to keep an eye out for the long term trend. Right […]

  • Oil prices shaky amid OPEC indecision

    Oil prices shaky amid OPEC indecision

    OPEC hasn’t agreed to increase production which is keeping the price of oil elevated. Crude prices have advanced almost 60% this year, a surge powered by a revival in consumption of fossil fuels as vaccines roll out and major economies unlock. The Organization of the Petroleum Exporting Countries and its allies, led by Russia, have […]

  • The Yield – Week ending June 18, 2021

    The Yield – Week ending June 18, 2021

    Stocks drop for the week, oil prices hit a high, jobless claims increase, the year of the individual investor, Microsoft names new board chairman, IBM closes an acquisition, Sonoco expands recycling, and Verizon gets a contract. All that including my weekly portfolio update and dividend news

  • Crude oil prices hit it’s highest price in 2 1/2 years

    Crude oil prices hit it’s highest price in 2 1/2 years

    The thinking I guess is that investors are pouring money into renewable energy generation and keeping oil production low. This would keep supply low during current and/or rising demand which will keep the price of oil elevated for the time being. I don’t think anyone can really tell what will happen over the next year […]

  • The Yield – Week ending June 11, 2021

    The Yield – Week ending June 11, 2021

    Rebalancing portfolios, pie charts, inflation fears, oil prices, banks & cash, more inflation news, and much much more

  • Biden Administration suspends oil leases in the Arctic

    Biden Administration suspends oil leases in the Arctic

    This is why I don’t like Executive Orders. They don’t promote stability. Everyone is subject to the whims of who ever is in office. Allow drilling… don’t allow drilling… and on and on. Just keep the rules consistent so business knows what it can and cannot do. Think of the investments wasted. The Biden administration […]