Topline Stocks opened slightly lower on Tuesday—adding to this week’s losses after the market’s worst day since 2020—as investors remain concerned that surging energy prices could result in slower U.S...
Tag: Energy
Biden Bans Russian Oil, Gas, Energy Imports – Trustnodes
US president Joe Biden has just announced all Russian energy imports to the United States, including oil and gas, have been banned. “We will not be part of subsidizing Putin’s war,” Biden said in a te...
A Surge in Energy Prices Raises Dollar Value, Prompting Safe-Haven Flows
As the United States of America, along with Europe and its allies, plans to ban the import of crude oil from Russia, investors have begun to weigh its impact on the global economy. As it turns out, th...
Bipartisan Congressional Leaders Back Russian Oil Ban, Suspending Trade Relations
Topline Four top congressional leaders—the Republican and Democratic leaders of the powerful finance committees—announced Monday they have agreed on legislation to ban Russian oil and other energy pro...
U.S. Gas Prices Near All-Time High As Ukraine War Threatens Energy Market
Topline Average U.S. gas prices rose to an all-time high of $4.104 per gallon Monday, fuel data platform GasBuddy reported, as Russia’s invasion of Ukraine spread chaos throughout energy markets and d...
Oil stocks, Bed Bath & Beyond, Visa and more
Take a look at some of the biggest movers in the premarket: Chevron, Exxon, Phillips 66 — Oil stocks rose broadly in premarket trading after energy prices surged overnight, with U.S. benchmark West Te...
Aston Martin inks deal to develop batteries with Britishvolt
The Aston Martin Rapide E electric vehicle on display at the Auto Shanghai 2019 show in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Aston Martin is to work with Britishvolt on the developme...
Cathie Wood Got Oil Wrong. It Isn’t Going to $12. Here’s What She Missed.
ARK Invest’s Cathie Wood predicted in 2020 that oil prices were headed to $12 a barrel. The prediction wasn’t correct, providing a lesson in commodity investing. Kyle Grillot/Bloomberg Tex...
Gas prices are heading to an all-time record. Here’s how to protect yourself
With gasoline prices at a 14-year high, it’s hard to imagine paying even more at the pump. Yet prices are only heading higher. On Sunday, the national average for a gallon of gas hit $4.009, the...
A surge in jet fuel prices threatens to overshadow post-pandemic travel rebound
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Airlines trying to claw their...
Occidental Petroleum Stock Spikes. 3 Reasons for the Jump.
Text size Shares of Occidental Petroleum are up nearly 90% over the past 12 months. Spencer Platt/Getty Images Occidental Petroleum stock was rising sharply Monday. There are three reasons for the mov...
Occidental Petroleum Stock Spikes. Here Are the Reasons Why.
Text size Spencer Platt/Getty Images Occidental Petroleum stock was rising sharply Monday. There are three reasons why. First, oil prices were surging Monday on supply fears as the U.S. and its allies...
Oasis Petroleum and Whiting Are Close to Merging: Report
Text size David McNew/Getty Images Oasis Petroleum and Whiting Petroleum could announce an all-stock merger early this week, The Wall Street Journal reported. A combination of the rival North Dakota s...
Oasis, Whiting Near All-Stock Merger
Oasis Petroleum Inc. and Whiting Petroleum Corp. are close to a deal to merge, according to people familiar with the matter. The all-stock tie-up between the rival North Dakota shale drillers could be...
Australian Energy Company now accepts SHIB Payments
SHIBA Inu price at the time of writing – $0.00002417 The company will accept crypto through Bitpay BitPay supports leading cryptocurrencies such as Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin ...
How to know when oil prices will cause a recession, what to invest in
With the national average for a gallon of gas hitting its highest price since 2008 and the stock market on edge with the first land war in Europe since WWII being waged by one of the world’s big...
Energy Security, Prices Take Priority Over Climate Concerns In Crisis
WASHINGTON, DC – President Joe Biden is reported to be considering a third release of oil from the … [+] U.S. Strategic Petroleum Reserve of the Department of Energy since December to comb...
National average for a gallon of gas tops $4, the highest price at the pump since 2008
Fuel prices are displayed at gas stations on March 03, 2022 in Chicago, Illinois. Increasing demand and dwindling supplies coupled with global supply uncertainty driven by the war in Ukraine have driv...
Warren Buffett’s Berkshire Hathaway Has $5 Billion Stake in Occidental Petroleum
Text size Warren Buffett, CEO of Berkshire Hathaway. Johannes Eisele/AFP/Getty Images Berkshire Hathaway owns a 9.8% stake in Occidental Petroleum worth $5.1 billion after furious buying activity in s...
Australia’s energy retailer partners with BitPay for crypto payments
1st Energy, an Australian energy company, is venturing towards cryptocurrency payments. The company has announced that it will integrate Shiba Inu into its payments system. This payment option will be...
SHIB Payments Now Accepted by Australian Energy Company Through BitPay: Details
Tomiwabold Olajide Australia’s energy firm customers to pay bills with Shiba Inu and other cryptos via BitPay Payment service provider BitPay has announced that Australian energy company 1st Ene...
Why a California city is trying to build the state’s last power plant
People gathered in Glendale in February to protest the city’s approval to build a fossil-fueled power plant. Courtesy of Morgan Goodwin Glendale, a Los Angeles suburb that’s home to Walt D...
‘We need to increase oil & gas output immediately,’ Elon Musk says as Ukraine crisis jolts U.S. crude to 2008 high
Elon Musk voiced an unusual stance for an electric-vehicle executive on Friday. Tesla Inc.’s TSLA, -0.12% chief executive said the U.S. needs to immediately increase production of oil and gas in a twe...
What Does $5 a Gallon Gas Mean for the Average American?
The idea of paying $5 a gallon for gas scares most Americans — at least the ones who don’t live in California, where AAA reports that the price per gallon for gas currently sits at $5.07. ...
Elon Musk IDs The Global Energy Problem, But Who Has The Solution?
Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric … [+] car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. (Photo by Odd ANDERSEN...
7 Stocks to Play the Rally in Natural Gas
Tankers bringing liquefied natural gas, or LNG, to the port of Rotterdam in the Netherlands. Exports of U.S. LNG to Europe and elsewhere are expected to ramp later in the decade. Hollandse Hoogte/Shut...