Jim Cramer makes a call for investors to snap up these stocks in the oil patch. The positives cannot be ignored!» Read More
Mitsui & Co., Japan's second-biggest trading house, has won a $763 million contract order together with a group of companies for a railway construction project in Saudi Arabia.
If you’ve been paying attention to the oil market lately, you’ve probably spent some time scratching your head. Crude oil prices seem to fluctuate on a day-to-day basis now, leaving investors to wonder when the volatility will end – and what’s behind it.
OPEC could make oil production cuts for the second time this year--so says the Saudi Oil Minister Ali Naimi. He says supply continues to outweigh demand. But it's not a done deal. The oil organization could wait until their December meeting in Nigeria-- to assess the impact of the October cuts--before cutting even more production