Last week the Big Oil companies weighed in with their earnings reports, and it was mostly a pretty sorry assembly.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Oil giants Chevron and BP made moves to refine their business, drilling down on core segments that crude demand assures will be worth it.
On Monday, BP announced it will put its US onshore wind power business, estimated to be worth about $2 billion, on the market.
ExxonMobil forecast that oil demand will remain above 100 million barrels per day in 2050, roughly the same as current levels.
With Trump expected to chase increased oil exports and more drilling in the US, OPEC+’s fear of losing market share looms larger than ever.
Inflation is definitely looking like a “two-handle” problem. That’s investor-speak for a rate below 3% but above the Fed’s 2% target.
Don’t get too excited for cheaper Taylor Swift tickets: The rules just force sellers to present all the extra fees upfront.