Energy Sector

Cost Cuts Allow Devon Energy to Post Adjusted Profit for Q2

Cost Cuts Allow Devon Energy to Post Adjusted Profit for Q2

On Tuesday, Devon Energy Corp, the U.S. oil producer posted adjusted quarterly profit and reported that it has narrowed its net loss with massive cost cuts, mostly in expenses related to labor and supply. That counterbalanced by the company from slumping crude prices.

Energy Sector Weighs on S&P 500 and the Dow; Nasdaq gets a Push from Tech Companies

Energy Sector Weighs on S&P 500 and the Dow; Nasdaq gets a Push from Tech Compan

On Monday, once more lower oil prices pulled down energy stocks which also dragged S&P 500 and the Dow slightly lower at the day's close.

On the other hand, tech companies like Apple and Alphabet gave a push, making it close at its highest level in a year.

Solar Impulse 2 Completes Its Historic Journey Round the World and Lands in Abu Dhabi

Solar Impulse 2 Completes Its Historic Journey Round the World and Lands in Abu

Solar Impulse 2, the flight running on only Sun's energy completed its journey round the world.
 
On Tuesday, the Solar Impulse created history as touched Abu Dhabi, its starting point for the round the world trip in March 2015. It undertook a journey of 25,000 miles (40,000-kilometer) for more than one year with sixteen stops.

Crude Futures Remain Close to Two Month Low as Over Supply Concerns Intensify

Crude Futures Remain Close to Two Month Low as Over Supply Concerns Intensify

Oil futures are still dropping. On Friday, they ended the session at two month's lowest level as oversupply worries intensified following a data, revealing a rise in U.S. oil rig counts last week. It was a four weekly rise in a row. A strong dollar also played a major role in keeping prices low.

Oil Retained Friday’s Gains after Failed Military Coup in Turkey and Continued Supply

Oil Retained Friday’s Gains after Failed Military Coup in Turkey and Continued S

Brent maintained its gains during the weekend after the failed attempt of a military coup in Turkey, which is a major route for crude from Russia and Iraq while being shipped through the Mediterranean Sea.

Futures did not note much change in London after rising 0.5 percent on Friday.

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