The energy sector was suffering a broad selloff Monday, as worries that the recent bank failures will trigger an economic slowdown which saps demand for crude oil. The Energy Select Sector SPDR exchan...
Tag: crude
Brent crude oil price nears its do-or-die point as triangle forms
Brent crude oil price has gone nowhere in the past few months as investors weigh the ongoing demand and supply dynamics. The global benchmark has been stuck at around $85 but there are signs that we c...
Russian Tanks Have Crude Mine-Defenses. They Don’t Work Against The Latest American Mines.
KMT-5. Russian army photo The Russian army’s winter offensive is failing almost everywhere that isn’t Bakhmut. Ukrainian anti-tank mines—some buried, others scattered by special artillery shells—are a...
Crude Oil Price Forecast – Crude Oil Markets Rally in Thin Volume
Crude Oil Prices Forecast Video for 21.02.23 WTI Crude Oil Technical Analysis The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Monday, as we have seen a lot...
Brent crude oil price multi-timeframe technical analysis
Crude oil prices remained in a consolidation phase as the market continued reflecting on the supply and demand dynamics. Brent, the global benchmark, dropped to a low of $83.75 on Monday while the Wes...
Brent crude oil price could hit $140 in 2023
Brent crude oil prices have pulled back in the past few months as investors assess the supply and demand in 2023. West Texas Intermediate was trading at $77.41 on Friday, down by about 40% from its hi...
Latest forecast for Brent Crude
Due to a concomitance of causes mainly related to the global pandemic, Brent Crude has experienced a sharp rise in prices, halted as of June 2022. Black Gold, once the main source of energy for the e...
An Oil ETF Outpaced Crude by 5 Times Last Year. The Downside: Volatility.
Shares of the U.S. Oil exchange-traded fund surged 5.2% in the week before Christmas, and ended up 27% for the year. Oil prices did rise last year by nearly 5%, but how did an ETF that tracks them out...
Singapore’s Finamatrix Tokenizes Crude Algae Oil With Leading Algae Cultivation Technologies: Global Access to Green Gold
SINGAPORE–(BUSINESS WIRE)–$FIX #finamatrix–Finamatrix, the #1 NAS100 risk-tech database, has tokenized Crude Algae Oil (CAO) for global access to tackle climate change. Utilizing its proprietary datab...
Flood of Russian Crude Heads to Asia After EU Ban Kicks In
(Bloomberg) — Russia has all but ceased to be a supplier of crude oil to Europe. Most Read from Bloomberg A European Union ban on imports of Russian crude by sea came into force on Dec. 5, effec...
OPEC+ Pauses as Russia Sanctions and China Covid Rules Roil Crude Markets
(Bloomberg) — OPEC+ responded to surging volatility and growing market uncertainty by keeping its oil production unchanged. Most Read from Bloomberg The outcome of the brief online meeting on Su...
Canadian Oil Giant Plans to Pump Record Crude in 2023
(Bloomberg) — Canadian Natural Resources Ltd., Canada’s largest oil and gas producer, is aiming to raise production as high as 1 million barrels a day in 2023 for the first time as the company r...
Oil Stocks Are Showing A Peculiar Disconnect From Crude Prices
Oil stocks have continued to show a peculiar disconnect from the commodity they track, with oil equities staging a powerful rally even as oil prices have fallen sharply since the last OPEC meeting. Ov...
BP share price forecast as crude oil retreats
BP (LON: BP) share price has been in a strong bullish trend as demand for oil and gas stocks rise. The shares rose to 483p, which was a few points below the year-to-date high of 505p. They have jumped...
Is it safe to buy crude oil after plummeting -33% from 2022 highs?
Oil traders were in for a wild ride in 2022. After trading above $120/barrel in the first half of the year, the WTI crude oil price fell by -33%, a stunning drop by all standards. Sure enough, central...
3 Oil Stocks to Buy No Matter if Crude Prices Rise or Fall
Look for oil stocks to buy as the best opportunities today, whether crude oil prices are rising or falling. These companies provide valuable energy resources to fuel our cars, homes, and businesses an...
Russia Loses 60% of Its Seaborne Crude Market in Europe
(Bloomberg) — Russia has lost three-fifths of its seaborne crude sales in Europe since Moscow sent troops into Ukraine in February. That market is going to vanish almost completely eight weeks f...
Researchers allege Bitcoin’s climate impact closer to ‘digital crude’ than gold
The Bitcoin (BTC) bashing has continued unabated even in the depths of a bear market with more research questioning its energy usage and impact on the environment. The latest paper by researchers at t...
Apple executive Tony Blevins out after crude TikTok remarks
(Bloomberg) — One of Apple Inc.’s most senior executives is leaving after he turned up in a viral video on TikTok making an off-color joke that he fondles “big-breasted women” for a living. Most Read ...
Russian Crude Is Slowly Being Squeezed Out of Europe
(Bloomberg) — Russia’s seaborne crude exports to Europe are being compressed, with the bloc’s sanctions only about two months away. Shipments in recent weeks have been little more than half pre-...
Oil Bears Beware, Crude Prices Could Soon Spike
While sentiment in oil markets has been decidedly bearish in recent weeks, the risk of Russia escalating its war with Ukraine and news that China is finally opening up mean there is plenty of upside r...
Days after cautioning Putin on war, India may skip Russian ESPO crude oil import
Indian refiners may skip buying Russia’s ESPO blend of crude oil in September, apparently due to high freight charges. India imports a mix of crude grades from Russia, namely the Urals, Siberian Light...
BP share price analysis as crude oil prices dip
BP (LON: BP) share price pulled back on Friday as the market reacted to the ongoing crash of crude oil prices and a fire in Ohio. The shares slipped to a low of 443.70p, which was slightly below the y...
Crude oil price and cryptocurrencies: evidence of volatility!
For the last few years, people trading in cryptocurrencies have also been associated with oil trading. Not only can cryptocurrency trading make you rich overnight, but once you start trading in oil, y...
Is it safe to buy crude oil after dropping $30 from 2022 highs?
Crude oil price tumbled below $90/barrel last week as G7 wealthy nations plan a price cap to lower Russia’s revenue. The invasion of Ukraine by Russia is strongly condemned by the Western nations, and...
Crude Oil Prices Tick Higher After Putin Threatens to Let Europe ‘Freeze’
Text size Russian President Vladimir Putin Mikhail Klimentyev/SPUTNIK/AFP via Getty Images Oil prices inched up on Thursday after Russian President Vladimir Putin hinted that he might tear up supply c...
US Futures, Crude Drop as Fed Outlook Takes a Toll: Markets Wrap
(Bloomberg) — Stocks in Asia may struggle Monday on escalating threats to global economic growth, in particular the Federal Reserve’s commitment to tighter monetary settings to quell inflation. ...
Winter is coming: European buyers shifting from natural gas to crude oil
Record temperatures. An unusually hot summer and prolonged drought conditions. Even the mighty Rhine runs dry. For Europe, these strange and harsh phenomena seem to be troubling omens of the difficult...
I Don’t Mean to Be Crude, but Those Bullish Oil Forecasts Are Bull
Brent crude has dropped from its highs of $135 a barrel on the spot market back in March as Russia invaded Ukraine and is trading now at $95 a barrel, struggling to hold on to any gains above $100 a b...
Energy stocks look ‘especially vulnerable’ to crude-oil selloff
Something appears wrong with the chart comparing energy stocks with crude-oil prices, as what used to be a near-100% correlation has flipped to negative since oil prices peaked earlier this year. Bria...