On "Fast Money," Steve Grasso calls Buffett's purchase of a big stake in Exxon Mobil "boring," but Guy Adami thinks the stock is going higher.
Nov 14- Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new $3.45 billion stake in Exxon Mobil Corp, after buying 40.1 million shares in the world's largest publicly traded oil company.
Companies making headlines after the bell.
CNBC's Dominic Chu reports Warren Buffett's Berkshire Hathaway has taken a new 40.1-million-share stake in Exxon Mobil.
MILAN/ ALMATY, Nov 14- A pipeline inspection robot is set to join efforts to discover why the biggest new oilfield in decades is crippled and whether materials, construction methods, a design fault or all three are at the root of the problem.
BEIJING, Nov 13- Royal Dutch Shell and China's Sinopec Corp are drilling exploration wells to test shale potential in central China, where little prospecting for the fuel has been done, company officials said on Thursday.
They're called master limited partnerships, and investing in them can be as mystifying as the name. Here are some tips.
ALMATY/ MOSCOW, Nov 11- Oil is unlikely to flow from Kazakhstan's Kashagan oilfield until spring as the world's biggest crude discovery in half a century faces challenges including leaky pipes, industry sources said on Monday. On Sunday, Christophe de Margerie, chief executive of France's Total, said the field would not be able to restart before the end of 2013..
Foreign investors are among the biggest beneficiaries of the U.S. energy boom, underscoring the great positioning of small energy companies.
Kazakhstan has been looking forward to revenues from Kashagan, which took nearly 13 years and about $50 billion to complete. On Sunday Christophe de Margerie told a news conference in Abu Dhabi that Kashagan, in the Caspian Sea off western Kazakhstan, would not be able to start production again before the end of the year.
With less than 40 trading days to go in 2013, the traders kicked off a big week of "Fast Money."
LONDON, Nov 7- China may have overtaken the United States as the world's biggest oil importer, but America is now the land of opportunity for traders looking to profit off energy markets, thanks to changes brought by the shale gas revolution.
The quants are taking over. Pioneering fund managers looking to boost returns are using "smart beta" techniques to rebalance index and ETF funds.
MOSCOW, Nov 7- Russia forecast on Thursday that oil prices would remain flat in real terms through to 2030, taking a more bullish view than many independent forecasters who expect an exploration revolution to deliver ample supply and depress prices.
*Iraq oil minister, BP CEO visit Kirkuk oilfield. Kirkuk governor pledges full support for BP deal.
The deals, which could have important geo-political consequences for the Middle East, could see Kurdistan export some 2 million barrels per day of oil to world markets and at least 10 billion cubic metres per year of gas to Turkey.
*BlackBerry shares fall after company abandons sale, replaces CEO. NEW YORK, Nov 4- U.S. stock indexes were little changed on Monday in below-average trading volume, while shares of Blackberry plummeted to a 10- year low after the company replaced its CEO.
Hundreds of thousands of barrels of oil a day will move from western Canada into the U.S., even if the Keystone XL Pipeline is never built.
US stocks close higher; S&P 500 scores fourth weekly gain
Nov 1- Refining weakness led to a surprise decline in Chevron Corp's quarterly profit, and oil and gas well output increased but remained below target, sending the company's shares down 2 percent.