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The energy boom in the U.S. is providing a shock absorber of sorts for major oil companies, helping to hedge a strong dollar amid an the increase in domestic production.
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Kazakh lawmakers passed a bill Wednesday allowing the government to unilaterally break contracts with foreign companies, potentially threatening an Italian-led consortium developing a giant oilfield.
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Indonesia and Exxon Mobil have halted negotiations on the disputed Natuna D-Alpha gas block, which is now controlled by the U.S. company, an official at energy watchdog BPMIGAS told Reuters on Tuesday.
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Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Stocks rallied sharply during the week after the Federal Reserve surprised investors with a deeper-than-expected interest-rate cut.
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Time to dip into the Fast Money mailbag and answer more of your questions. Gayla writes, “Lee Raymond, the former CEO of Exxon Mobil (XOM), has said that the price of oil shouldn't be $80 per barrel....
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Chevron secured crucial backing from the Kazakh president over its huge Tengiz oil project on Friday, but foreign investors remained wary as a row over another major Western oil project remained unsolved.
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No economic data today but it is quadruple witching expiration, the quarterly S&P rebalancing, and we are approaching the end of the quarter. The good news: for all the worries, the S&P 500 is up 1.02% for the quarter (as of yesterday). The bad news: without the big gains in energy, the index would be down 0.05%. Energy is the biggest sector gainer, up 9.8%.
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Finally, the Fed gets it right. Now the bull is back.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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America's aging energy infrastructure will require massive investment in order to make much needed efficiency improvements, former Exxon Mobil Chief Executive Lee Raymond said on Monday.
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It's draft week on Mad Money, and only the best players get on the team. Here's who made the cut.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Stocks ended higher as investors widely expected the Federal Reserve to cut interest rates, but gains were tempered due to uncertainty regarding the magnitude of easing. The Dow Jones Industrial Average posted a weekly gain of 2.6%, the S&P 500 rose 2.1% and the Nasdaq Composite advanced 1.4%.
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Stocks closed lower as investors remained cautious ahead of next week's Federal Reserve meeting on interest rates. "I think the Fed is behind the game and they have to play catch up," said Bill Strazzullo, chief market strategist at Bell Curve Trading.
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Quarterbacks are known for leading their teams on the field. These stocks are leaders in the portfolio.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Stocks ended the holiday-shortened week lower as surprisingly weak monthly employment report sparked worries of a U.S. economic recession. The Dow Jones Industrial Average posted a weekly loss of 1.7%, the S&P 500 fell 1.3% and the Nasdaq Composite declined 1.2%.
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Kazakhstan is still waiting for an Eni-led group of international oil companies to make an offer of compensation to the state for delays and cost overruns at the offshore Kashagan oilfield, a senior official said on Friday.
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Exxon Mobil said it will go ahead with building a multi-billion dollar second petrochemical complex in Singapore to start in early 2011, adding to a wave of new projects to meet global demand for plastics.
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Kazakhstan wants "more than $10 billion" from an Eni-led consortium in compensation for delays in developing the Kashagan oilfield in the Caspian Sea, a senior government official told Reuters on Tuesday.
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Plaintiffs in the long-running case surrounding the 1989 Exxon Valdez oil disaster this week asked the U.S. Supreme Court to restore a $5 billion punitive fine against Exxon Mobil, a petition filed with highest U.S. court shows.
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Regulators should slap a moratorium on pipelines in Canada's North because governments and oil companies have not planned for long-term environmental impacts, a green-group representative said Thursday.
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In this special segment, the masters of Wall Street go face to face with some of the best business school students in the country. Students from Harvard, Yale, Columbia and Wharton are bringing their A-game via the webcam.