petroleum

Energy Stock Bounce Back

Energy Stock Bounce Back

Energy stocks are experiencing a rebound as oil prices continue to rise. Brent Crude prices which have seen a dramatic fall from the record highs of 2014 are now nearing USD 70 per barrel.  Brent Crude went through a massive downturn betwe..

BP Invests $20 Million for 5-minute Fast Charging Batteries for Electric Cars

BP Invests $20 Million for 5-minute Fast Charging Batteries for Electric Cars

British Petroleum Company (NYSE: BP) has invested $20 million in an Israeli start-up company by the name of StoreDot that claims its batteries can charge electric cars in just five minutes.Additionally said on Tuesday, BP suggested its venture capit..

Marathon to buy Andeavor for $23 billion

Marathon to buy Andeavor for $23 billion

Marathon Petroleum Corp. (NYSE: MPC) announced on Monday that has entered into a definitive merger agreement to acquire Andeavor (NYSE: ANDV) for $23.3 billion, allowing the two to become top U.S. refiners and expanding its market.Andeavor shares ro..