ConocoPhillips (NYSE:COP), the world's largest independent oil producer in terms of production, recently provided a grim outlook for oil prices. The forecast was well timed since it was followed by a sharp drop in oil prices, which also hit ConocoPhillips stock. But this is the type of energy company which investors should buy on weakness.
Thailand’s Siam Cement Group (SCG) has acquired another 25 per cent stake in Long Sơn Petrochemicals Complex for US$36.1 million. – Photo twgroup.com.vn
OPEC and allied producers will consider extending an agreement to cut oil output into 2019 when they meet in June to assess the market, Kuwait Oil Minister Bakheet Al-Rashidi said.