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Caterpillar To Acquire Weir Oil & Gas For $405M In Cash

Article By: Benzinga

Monday, October 5, 2020 9:29 AM EDT

Construction and mining equipment manufacturer Caterpillar Inc announced the acquisition of the Oil & Gas Division of Scotland-based engineering company Weir Group PLC, for $405 million in cash, on Monday.

In this article: CAT Also: CVX, DVN, WPX, NBL, WEGRY

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Financial, Energy Stocks Drive Rebound To Start Week

Article By: Adam Vettese

Tuesday, September 29, 2020 7:30 AM EDT

European markets opened in negative territory this morning with the FTSE down 1% as Sterling gained 0.3% against the dollar, hurting its overseas earning contingent.

In this article: HSBC, MKC, MU, QQQ, SPX, DJI, BITCOMP, DVN, WPX

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The Destruction Of The Shale Oil Industry Begins: Massive Impairment Write-Offs

Article By: Steve St. Angelo

Tuesday, June 16, 2020 6:46 PM EDT

If the carnage that took place in the U.S. shale oil patch during the first quarter of 2020 is any indication of the financial health of the industry, just wait until the second-quarter results are released.

In this article: CVX, CXO, DVN, HES, MRO, NE, XOM, EGOC, WPX

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Saudi Aramco Boosts Oil Export Prices By Most On Record

Article By: Tyler Durden

Sunday, June 7, 2020 2:24 PM EDT

As Bloomberg reported, with China’s demand for crude once again rising, the Saudis are furiously raising prices in a world where supply has suddenly emerged as the price bottleneck. Aramco raised the price of Arab Light to Asia by $6.10 a barrel.

In this article: WTI, USO Also: WPX, PE

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