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Caterpillar To Acquire Weir Oil & Gas For $405M In Cash

Article By: Benzinga

Monday, October 5, 2020 9:29 AM EDT

Construction and mining equipment manufacturer Caterpillar Inc announced the acquisition of the Oil & Gas Division of Scotland-based engineering company Weir Group PLC, for $405 million in cash, on Monday.

In this article: CAT Also: CVX, DVN, WPX, NBL, WEGRY

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MLP Insights: Q2 2020

Article By: Global X ETFs

Thursday, July 23, 2020 12:52 PM EDT

Despite contentious meetings to start 2020, OPEC+ came together on April 12th to implement a historic 9.7 million barrel a day (bp/d) cut.7 This was the largest oil production cut ever, eliminating about 10% of global supply.

In this article: CHK, COP, CVX, MUR, NBL, OXY, XOM, CXO, PE

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Oil Prices: All About The Base

Article By: Phil Flynn

Monday, July 20, 2020 9:29 AM EDT

Oil prices, despite rising coronavirus fears, are resilient above $40 a barrel. Hopes of more economic stimulus in the U.S. and the E.U. are supportive as well as data on the U.S. oil and gas rig count that fell to historic lows.

In this article: CVX, NBL, OIL, USO

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Stocks Fall After Fed Chair Powell Gives Uncertain Outlook

Article By: Adam Vettese

Thursday, May 14, 2020 6:03 AM EDT

Markets have taken another leg down this morning as fears over a second wave of infections continue to grow and the outlook for economic recovery appears increasingly bleak.