Investing Experience -
Risk Profile -
Followers
0
Following
0
Blog Posts
0
Threads
10
Blogs
Threads
Portfolio
Follower
Following
Summary
Total comments
10
Past 30 days
0
Past 7 days
0
Today
0
User Comments
Stock
2022-09-29 21:03 | Report Abuse
Buffett's Berkshire Hathaway loads up on more Occidental Petroleum stock
Sep 29, 202219:33
Warren Buffett's Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) scooped up almost 6M more shares of Occidental Petroleum (NYSE:OXY), bringing the investment company's holdings to 194.5M shares, or ~20.9% of the petroleum company's outstanding common stock, according to a filing submitted late Wednesday.
That's up from 20% as of Aug. 30. Berkshire (BRK.B) bought the 5.99M shares in several transactions from Sept. 26 to Sept 28, at prices ranging from $57.67 per share to $61.595 per share.
The Omaha, Nebraska-based conglomerate bought the dip, boosting its stake in OXY as its shares fell 17% in the past month.
Berkshire (BRK.B) also holds 100,000 shares of Oxy's (OXY) series A preferred stock and warrants to purchase ~83.9M shares of at an exercise price of $59.624 per share.
Occidental (OXY) shares rose 0.8% in Thursday premarket trading. Berkshire (BRK.B) B shares slipped 0.5%.
Stock
Stock
Stock
2022-09-24 20:49 | Report Abuse
Oil India sees 'healthy' profit in September qtr despite windfall tax
Sep 24, 202219:29
OIL+1.23%
Oil India Ltd OIL is expecting a "healthy profit" for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at India's state-run oil producer, said on Saturday.
The windfall tax has averaged around $25-$26 per barrel during the quarter, leading to Oil India realising $80 a barrel, Madhav told a news conference.
"This is much better than what we had realised earlier. So we should be able to make a healthy profit," he said.
($1 = 81.2500 Indian rupees)
Stock
2022-09-23 08:58 | Report Abuse
Reuters
Oil prices rise as Iran deal stalls, Russian supply amid conflict
Sep 23, 202208:43
Oil prices rose in early Asian trade on Friday on the prospect that a stalled Iran nuclear agreement and Moscow's new mobilization campaign in its invasion of Ukraine would further restrict global supplies.
Brent crude futures BBRN1! gained 16 cents, or 0.2%, to $90.62 per barrel by 0020 GMT, while U.S. West Texas Intermediate (WTI) crude CL1! futures were up 22 cents to $83.71 per barrel.
Oil edged up after a senior U.S. State Department official said that efforts to revive the 2015 Iran nuclear deal have stalled due to Tehran's insistence on the closure of the U.N. nuclear watchdog's investigations.
"We've hit a wall" because of Iran's stance, the U.S. official told reporters on the sidelines of the U.N. General Assembly, adding that nothing had happened this week to suggest Iran is willing to change its position. The remarks eased expectations of a resurgence of Iranian crude oil.
Prices were also supported by Moscow's decision to push ahead with its biggest conscription since World War Two, raising concerns that an escalation of the war in Ukraine would continue to tighten oil supplies.
Rebounding crude oil demand in China, which is the world's largest oil importer, lent support to crude prices.
Central bank interest rate hikes, including the U.S. Federal Reserve's 75 basis points rise on Wednesday, along with increases by the Swiss National Bank, Norway's central bank and Indonesia's central bank, limited oil prices by raising the likelihood of economic slowdowns that would erode fuel demand.
Stock
Stock
Stock
Stock
Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD
2022-09-29 21:17 | Report Abuse
Reuters
OPEC+ has begun talks on output cut at Oct. 5 meeting - OPEC source
Sep 29, 202216:21
Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct. 5, three sources told Reuters.
One OPEC source told Reuters a cut was "likely", while two other OPEC+ sources said key members had spoken about the topic.
A source familiar with Russian thinking told Reuters earlier this week that Moscow could suggest a cut of up to 1 million barrels per day (bpd).
The latest comments suggest that key OPEC members have started communicating over the matter, although the volume of any potential cut is still unclear.
Next week's meeting takes place against a backdrop of falling oil prices from multi-year highs hit in March, and severe market volatility.
OPEC+, which combines OPEC countries and allies such as Russia, agreed a small oil output cut of 100,000 barrels a day at its September meeting to bolster prices.
Top OPEC producer Saudi Arabia flagged in August the possibility of output cuts to address market volatility.