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Tag: NYSE:HES

Oil Outlook 2017: Will OPEC Comply?

Oil Outlook 2017: Will OPEC Comply?

Oil prices crashed at the beginning of 2016, reaching a low of almost $27 per barrel. By the end of the year, the expectations of a turnaround had all eyes on the Organization of the Petroleum Exporting Countries and their discussions to cutback output for the first time in eight

Marathon Petroleum Subsidiary to Buy Hess For $2.874 Billion

Marathon Petroleum Corporation (NYSE:MPC) announced that its subsidiary, Speedway LLC, has signed an agreement with Hess Corporation (NYSE:HES) to acquire Hess Retail Holdings LLC. The deal would include all of Hess’ transport operations, retail locations and shipper history on various pipelines, as well as approximately 40,000 barrels per day

Oil Price Increase Implications for Producers and Explorers

In an exclusive interview, Bob Sewell, President of Bellwether Investment Management indicated, “While higher oil prices may result in some increase in natural gas prices, the reality is that natural gas supply is so abundant with additional supply coming on line regularly we don’t see this imbalance resolving itself

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