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HomeAuthorsClark Savage

Articles by Clark Savage

Crude Oil News

Saudi Arabia will sell more shares of energy giant Aramco, Crown Prince says

January 31, 2021 Clark Savage

Saudi Crown Prince Mohammed bin Salman said Thursday the kingdom will sell more shares of energy giant Aramco in the coming years, following the world’s biggest public listing in 2019. “There will be Aramco share […]

No Picture
Commodities

Energy News Beat 1/29/2021: Chevron earnings, Friday’s with DRW

January 29, 2021 Clark Savage

Broad markets fall as speculative trading by retail investors continued to unnerve the market. S&P 500: -1.93% Nasdaq: -2.09% Dow Jones: -1.98% There are also fears that the GameStop mania is a sign of a […]

Commodities

Overnight Oil Report 1/29/2021 – Can we buy Dogecoin?

January 29, 2021 Clark Savage

ENB Publishers Notes: Crude takes a back seat to some of the INSANE equities trading…..ENB may have purchased dogecoin…… Singapore — 0253 GMT: Crude oil futures were rangebound during mid-morning trade in Asia Jan. 29 as […]

Energy News Beat - Logo
Commodities

Energy News Beat 1/28/2021: Responsibly-Sourced Natural Gas

January 28, 2021 Clark Savage

All 11 S&P 500 traded in the green amid the broad market rally. Financials and materials, cyclical sectors sensitive to an economic recovery, jumped more than 2% each. Tech and communication services also led the […]

Commodities

Overnight Oil Report 1/28/2021 – Despite $CL stock draw, prices range ahead of vaccine rollout

January 28, 2021 Clark Savage

Singapore — 0336 GMT: Crude oil futures declined in mid-morning trade in Asia Jan. 28, despite a fall in US inventories, as worries over global growth recovery came back to the fore after the International […]

Energy News Beat - Logo
Commodities

Energy News Beat: 1/27/2021 – Crude draws can’t lift prices

January 27, 2021 Clark Savage

Stocks fall sharply from disappointing earnings (beside Gamestop…). Boeing fell more than 4% after its earnings report showed 2020 net loss hit a record of $11.9 billion amid the 737 Max grounding and the coronavirus pandemic. S&P […]

Earnings

Hess Corporation Q4 releases earnings – loses $97mm ($0.32 per share)

January 27, 2021 Clark Savage

NEW YORK (AP) – Hess Corp. (HES) on Wednesday reported a loss of $97 million in its fourth quarter. The New York-based company said it had a loss of 32 cents per share. Losses, adjusted […]

Crude Oil News

Overnight Oil Report 1/27/2021: Is $GME an energy stock?

January 27, 2021 Clark Savage

ENB Publishers Note:  Too bad oil price’s don’t move like $GME (ok final reference for the day) huh? Crude oil prices stay flat even mid bullish draw according to the API.  Traders wait for EIA […]

Commodities

Energy News Beat 1/27/2021: Oil and Gas Gets Political

January 26, 2021 Clark Savage

Another choppy day for the markets as stocks finish flat ahead of big corporate earnings. S&P 500: 00% Nasdaq: 20% Dow Jones: 04% General Electric shares jumped 9% on its better-than-expected industrial free cash flow for the fourth […]

Biden - 2021
Political

President Biden orders study on effect of ban on new drilling on federal lands and water – NYT report

January 26, 2021 Clark Savage

Oilprice.com – U.S. President Joe Biden is expected to sign on Wednesday an executive order directing federal government agencies to determine the extent of a ban on new drilling on federal lands and waters, The […]

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