(Bloomberg) — As Covid-19 lockdowns gripped the world in 2020, Bernard Looney, chief executive officer of BP Plc, made a startling admission: He thought that oil demand might never return to its...
Tag: barrels
Russia Plans to Cut March Oil Output By 500,000 Barrels a Day, Novak Says
(Bloomberg) — Russia plans to cut its March oil production by 500,000 barrels a day in response to the western price caps, said Deputy Prime Minister Alexander Novak. Most Read from Bloomberg Th...
Putin forced to slash oil output by half a million barrels a day
russia oil – Andrey Rudakov/Bloomberg Russia is preparing to cut its oil output by tens of millions of barrels per month in response to a Western price cap that threatens the Kremlin’s revenues....
Russia Says It May Cut Daily Oil Output by 700,000 Barrels
(Bloomberg) — Russia may reduce its oil output by 500,000-700,000 barrels a day in early 2023 in response to the Group of Seven’s price cap on the nation’s crude exports, according to Deputy Pri...
U.S. Buying 3 Million Oil Barrels For Reserves—Suggesting End To Gas Price Crisis
Topline The Department of Energy announced Friday it would purchase 3 million barrels of oil to replenish the U.S. strategic reserve and strengthen energy security, as oil (and related gas) prices hav...
Biden Will Release 15 Million Barrels Of Oil From Reserves— Here’s What To Watch For
Topline President Joe Biden will announce Wednesday he’ll release a further 15 million barrels of oil from the U.S. strategic reserve, according to U.S. officials cited in multiple reports, in a likel...
Biden says he’ll release 10 million more barrels from the dwindling ‘oil piggy bank’ after OPEC’s production cuts — but this is the big risk with more withdrawals
Biden says he’ll release 10 million more barrels from the dwindling ‘oil piggy bank’ after OPEC’s production cuts — but this is the big risk with more withdrawals In an effort ...
Bitcoin Price Is Soaring This ‘Uptober’ As BTC Barrels Past $20,000
As Bitcoin passes $20,000, the market is expecting a strong October. The crypto is now trading between $19,712 and $20,479 at the time of writing. Since the crash of September 13 rattled the global fi...
White House Freaks Over OPEC Plan To Cut 2 Million Barrels Per Day
VIENNA, AUSTRIA – OCTOBER 05: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud … [+] (L) attends the 45th meeting of the Joint Ministerial Monitoring Committee a...
OPEC+ Will Consider Output Cut of More Than 1 Million Barrels
(Bloomberg) — Most Read from Bloomberg The OPEC+ group of oil producers will consider cutting output by more than 1 million barrels a day when it meets in Vienna on Wednesday, according to deleg...
Hurricane Ian Weakens To Category 3 And Barrels Through Inland Florida
Topline Hurricane Ian weakened to Category 3 status Wednesday evening as it tore across inland Florida from the Gulf of Mexico to the Atlantic Ocean, leaving more than 1.8 million Floridians without e...
Hurricane Ian Slams Cuba And Barrels Toward Florida—Here’s A Look At The Damage
Topline Hurricane Ian, the first major storm of the fall, doused parts of Cuba with heavy rain, strong winds and intense flooding after making landfall as a Category 3 storm Tuesday morning—and it’s e...
Biden to Release 10 Million Oil Barrels Ahead of EU-Russian Ban
(Bloomberg) — The Department of Energy will offer additional US reserve crude for sale ahead of plans by the European Union to ban most Russian oil in December. Most Read from Bloomberg The agen...
Why Cracker Barrel’s New Menu Item Upset Its Customers
Cracker Barrel (CBRL) – Get Cracker Barrel Old Country Store Inc. Report isn’t a household name for many, but for others it is their mainstay when it comes to good ol’ country home cookin’. Eit...
Ethereum Barrels Past $1,700 – Next Target: $2,000
Ethereum (ETH) price overshoots above $1,700 hinting a bullish momentum. And everyone was blown away. James Seyffart, Bloomberg Intelligence research analyst, was impressed: “Ethereum just flew right ...
Bitcoin Barrels Towards $24k As Miners Move $300 Million From Wallets
Given that the price of Bitcoin has been lingering above the $17K–$20K range over the past few weeks, Bitcoin’s sharp downturn has come to an end. The price is currently retesting the $23K resistance ...
Liquidations Cross $230 Million As Ethereum Barrels Past $1,400
Ethereum has been in recovery mode since developers announced a possible date for the Merge. Since this date is close, it has sparked a lot of positivity among community members who looking forward to...
Joe Biden reportedly sent 5 million barrels of oil to Europe and Asia in June even as US prices hit record highs — here are the 2 energy stocks that could gain the most
Joe Biden reportedly sent 5 million barrels of oil to Europe and Asia in June even as US prices hit record highs — here are the 2 energy stocks that could gain the most One of the surest signs of infl...
Oil Inventories Unexpectedly Jump by 3.8M Barrels Adding to Demand Fears: API
By Yasin Ebrahim Investing.com — U.S. crude oil inventories unexpectedly increased last week, confounding expectations for a decline and adding to the bulging weight of expectations that energy ...
OPEC: There’s ‘no capacity’ to replace Russia’s 7 million barrels of oil per day
“ “There is no capacity in the world that could replace 7 million barrels per day.”” That was OPEC Secretary General Mohammed Barkindo talking to reporters about potential bans on Russian oil imports ...
Short Traders Decimated As Bitcoin Barrels Past $43,000
Bitcoin has surprised the market with its recent surge. The digital asset which has been struggling below $40,000 for the past week made a break for it with an incredible rally that saw its peak above...
IEA member countries agree to release 60 million barrels of reserve oil
The International Energy Agency (IEA) has said it’s going to release 60 million barrels of oil held in emergency reserves to help offset any potential shortages likely to follow as the war between Rus...