đź”’ Long-dated oil prices are too low for comfort
Long-dated oil future prices appear to be too low right now with more at stake than oil investments and wagers – fresh global inflation.
Exxon Mobil Corp.
Sasol’s big bet on Mozambique gas precursor to nation’s real game-changer
Mozambique offers the perfect discussion point for those holding divergent views on Africa. Optimists pointing to Sasol’s massive pipeline investment; pessimists to the looming debt default.
Buffett’s advice: Buy suppliers, not producers – sells Exxon, buys refinery
Buffett’s Berkshire Hathaway has been buying shares in Phillips 66. The value of this investment now exceeds a $3.7bn stake in oil supplier Exxon Mobil.
Uber wins major battle against New York Mayor, but the war continues
Along the way, Uber took political jabs that could harm its reputation in the long run. Mayor Bill de Blasio lost this round, but staked out the liberal case against the service.
World #1 Apple again beats forecasts – shares surge
In 2011, Apple fans celebrated its milestone of overtaking Exxon Mobil to become the world’s most valuable company. Now nobody else is left in that race.
Why Oracle’s Larry Ellison deserves his pay of $103m a year
There’s not enough gold in Fort Knox to reward those entrepreneurs who start and build companies that create wealth and provide a livelihood for others. Oracle’s founder and until last year CEO Larry Ellison, is among them.
Buffett sells his $3.7 billion Exxon investment – bad news for energy stock bulls
Berkshire has “not really had the hot hand in energy,” an analyst for Oppenheimer & Co. in New York, said in a phone interview.
Here’s how Apple’s $18 billion IPhone-fueled profit stacks up
Apple Inc. reported a record $18 billion in quarterly profit today, one of the biggest in corporate history, fueled by holiday sales of larger-screened iPhones. Just how does that three-month haul stack up?
US stocks close week after best three day run since 2011
US stocks rose, sending the Standard & Poor’s 500 Index near its all-time high and erasing losses for December, after the Federal Reserve spurred the biggest three- day jump since 2011.
Bloomberg: African oil explorer Tullow ripe for a takeover
After almost a decade of deal speculation, Tullow Oil Plc may finally be ripe for a takeover. The plunge in oil prices has erased more than half of Tullow’s market value since June.