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Commodities
World Oil

Oil regulator overrules Nigerian President to block Exxon deal

(Bloomberg) ­— Nigeria’s energy regulator overruled President Muhammadu Buhari’s approval of a $1.28-billion purchase of Exxon Mobil Corp. assets, in a high-profile disagreement that may discourage investment in the country’s struggling oil and gas industry. Buhari Hours after Buhari’s office approved Seplat Energy Plc’s acquisition

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Commodities
World Oil

U.S. oil output set for record 2023 despite slowing growth

(Bloomberg) — U.S. oil production remains on track for a record 2023 even as output grows more slowly than anticipated amid surging costs and labor shortages in America’s shale fields. Output is expected to expand at an average rate of 840,000 barrels a day next year, down

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Commodities
Brian Sozzi

Why semiconductor stocks should be avoided for now: Analyst

Stay away from battered semiconductor stocks for the time being, according to Citi analyst Chris Danely. “We believe negative catalysts will now outnumber positive catalysts given upcoming PC data points and monthly Taiwan sales figures,” Danely wrote in a fresh note to clients. “We also

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Commodities
ADELIA CELLINI LINECKER

Rivian Earnings Due With EV Startup's Production Outlook Key

Rivian (RIVN) reports second-quarter earnings on Thursday after the market close, amid layoffs and supply-chain issues. RIVN stock rose on Wednesday. X Rivian has begun its restructuring plan that includes laying off about 6% of its workforce, or about 900 people, according to an Aug.

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