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For the seventh consecutive month, Chinese demand for crude oil has increased by double digits over demand just one year ago. Demand in March grew by 12.8% year-over-year. The demand increase has...
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These are ten of the top analyst upgrades, downgrades, and initiations we have seen from Wall Street research calls this Monday morning in the pre-market hours: Berkshire Hathaway Inc. (NYSE: BRK-B)...
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The acquisition by Schlumberger Ltd. (SLB) of competitor Smith International Inc. (SII) for $11 billion could be another sign that mergers and acquisitions in the energy sector will pick up in 2010....
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Angola’s state-owned oil company, Sonangol, has exercised its right of first refusal to purchase a 20% stake in block 32 offshore Angola from Marathon Oil Corp. (NYSE:MRO). In July, Marathon...
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Valero Energy Corp. (NYSE: VLO) may have caused some irreparable harm to itself and to shareholders this week. Losing money is just not something that the investing public was ready to stomach. ...
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These are the top pre-market analyst downgrades and cautious research calls we have seen from Wall Street early this Tuesday morning: Ascent Solar (ASTI) Cut to Neutral at Merriman Curhan Ford....
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French supermajor oil company Total SA (NYSE:TOT) has let its offer for Canada’s UTS Energy Corporation expire. Total failed to get tenders for two-thirds of UTS’s shares, and has directed the...
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Saudi Arabia’s state-owned oil company Saudi Aramco and ConocoPhillips Corporation (NYSE:COP) are expected to open the bidding for a Saudi-based refinery in Yanbu by the middle of 2009, according...
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Several of the big oil companies are putting the squeeze on oil field services providers to renegotiate contracts and lower costs for drilling services. BP plc (NYSE:BP), Total SA (NYSE:TOT), and...
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Two of the largest players in the Canadian oil sands, Suncor Energy Inc. (NYSE: SU) and Petro-Canada (NYSE:PCZ) announced that Suncor will acquire Petro-Canada in a deal valued at $15.5 billion....
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We have actually seen a lot of analyst calls in the oil patch this morning. Some are conflicting against each other as you will see. BP plc (NYSE: BP) Started as Underweight at Barclays....
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These are some of the top pre-market analyst upgrades and downgrades we are seeing from Wall Street this Friday morning with more than two hours until the open: Cavium Networks (CAVM) Started as Buy...
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These are some of the top pre-market analyst upgrades we have seen early this Monday morning with more than two and a half hours to the market open: GlaxoSmithKline (GSK) Started as Buy at Jefferies....
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Judged by the country’s performance in extracting hydrocarbons, Venezuela under President Hugo Chavez has not been a smashing success. Ten years ago, when Chavez first came to power, the country...
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The FT reported that Canadian oil company Nexen (NYSE:NXY) is being courted by France’s Total SA (NYSE:TOT). Total could be preparing a bid for as much as $16 billion for the Canadian company....
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