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: Gas
Aramco Saw Record Profit in 2022- Largest Annual Profit by Oil and Gas Company
Compared to the $110 billion recorded in 2021, the Saudi Arabian oil giant’s net income took a significant leap by growing over 46% YoY in 2022. The Saudi Arabian Oil Group, also known as Aramco, anno...
The U.S. Must Go All In On Financing Natural Gas
Cheniere Energy President and CEO Jack Fusco, right, is applauded as he rings the opening bell of … [+] the New York Stock Exchange, Wednesday, Feb. 5, 2020. (AP Photo/Richard Drew) Copyright 20...
The World Desperately Needs More Oil And Gas Investment
Despite high oil prices sending energy company profits soaring over the last year, little of those profits have been reinvested in the oil and gas business. As oil and gas companies acknowledge the in...
Ethereum’s NFT gas usage heads towards a two-year low as inscription demand takes over
Definition The relative amount (share) of gas consumed by the Ethereum network by category. Transactions are classified into one of the following categories: NFTs: Transactions interacting with non-fu...
EG America Owner Sells U.S. Gas Stations And Considers Asda Merger
Cumberland Farms is the biggest gas station brand to be part of the EG Ameria sale and leaseback … [+] deal. (Photo by Jill Brady/Portland Portland Press Herald via Getty Images) Portland Press ...
Granholm Tells CERAWeek Oil And Gas Is Needed ‘For Years To Come’
Jennifer Granholm, U.S. energy secretary, speaks during the 2022 CERAWeek by S&P Global conference … [+] in Houston, Texas, U.S., on Wednesday, March 9, 2022. CERAWeek returned in-person to ...
U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear
HOUSTON—The boom in oil production that over the last decade made the U.S. the world’s largest producer is waning, suggesting the era of shale growth is nearing its peak. Frackers are hitting fewer bi...
Biden Leaves Oil And Gas Companies In The Lurch With Expiration Of 5-Year Lease Program
An offshore oil rig in twilight. getty A program intended to enable oil and gas development on the U.S. outer continental shelf (OCS) has expired, leaving domestic energy producers at a loss as to whe...
On-Chain Data Shows Rising Ethereum Gas Fees ⋆ ZyCrypto
Advertisement     Increasing competition among the top marketplaces and new projects entering the market is driving positive sentiment. Upstart marketplace Blur recent...
Ethereum Gas Fees Are Slowly Climbing as NFT Market Rebounds
Ethereum’s fee market is slowly returning to form amid a recent resurgence in NFT trading activity across the network. According to on-chain analytics firm Glassnode, the median price for gas powerin...
Shocking, ‘impossible’ gas bills push restaurants to the brink of closures
A gas bill at Chinatown favorite Hop Woo was recently $13,656.25. With surging gas prices, can California restaurants stay afloat? (Myung J. Chun/Los Angeles Times) The key to Vietnamese restaurant Ph...
Natural Gas ETFs Draw ‘Buy the Dip’ Investors
Natural gas exchange-traded funds rose as “buy the dip” investors seek to take advantage of a recent tumble in the commodity’s price. Interest in natural gas has spiked despite the commodity’s 70% dec...
Ethereum Gas Fees Hit Yearly High, Here is Why
Total fees on the Ethereum network have surged to a massive $46.1 million. The Ethereum blockchain has hit another yearly high in total gas fees as the network witnesses a massive surge in demand and ...
Nearing retirement? Here’s how to shift your portfolio from growth to income.
Over the decades, perhaps you’ve been very good at saving your money and investing it for long-term growth. But when the time comes for you to stop working or to step back to a part-time job, you migh...
Freeport LNG Restart And $2 Natural Gas Put This LNG Giant’s Earnings Beat In Focus
Cheniere Energy (LNG), the largest U.S. exporter of LNG, topped fourth-quarter financial estimates early Thursday. The report lands as a volatile natural gas market has gas prices at their lowest leve...
A Year On From The Invasion
Authored by Simon Flowers, Chief Analyst and Chairman at Wood Mackenzie. Russia’s war has had a huge impact outside Ukraine, particularly for the global energy markets. Soaring prices and supply chain...
Ethereum gas usage spikes for stablecoins; primarily inflows in USDT
Definition The relative amount (share) of gas consumed by the Ethereum network by category. Transactions are classified into one of the following categories: Stablecoins: Fungible tokens with value pe...
US Natural Gas Falls Below $2 for the First Time Since 2020
(Bloomberg) — US natural gas futures fell below $2 for the first time since 2020, extending a massive selloff as traders give up on hopes of extreme cold boosting demand. Most Read from Bloomber...
Blur overtakes UniSwap as a “top gas guzzler” on Ethereum
Blur, an NFT marketplace, is the top “Gas guzzler” on Ethereum, overtaking UniSwap and Seaport, a web3 protocol that ensures trades are secure and efficiently executed. The top gas burner on Ethereum ...
Blur’s Token Airdrop Fuels Sky-High Gas Prices and Mass Ethereum Burn
This week’s token airdrop by newcomer NFT marketplace Blur has resulted in over $4 million worth of Ethereum being burned (or destroyed) in the last seven days. The token was airdropped on Valentine’s...
Polygon (MATIC) Shares Alternative Approach to Manage Gas Prices: Details
Despite being an acclaimed Layer-2 protocol, Polygon (MATIC) is still experiencing enormous network congestion owing to growing adoption. This higher congestion is in turn bringing back the worries of...
Putin losing energy war as European gas supplies near record levels
Vladimir Putin has seen Russian revenues from gas tumble from highs set in August – Sputnik/Mikhail Metzel via Reuters Europe is on course to end the winter with near record volumes of gas in st...
NFT Backers Paid up to $200 in Gas Fees in Delayed Blur Airdrop
Ethereum NFT pro traders can now claim their delayed airdrop of BLUR tokens. Some traders paid as much as $200 in gwei gas fees for a long-awaited airdrop of BLUR on Tuesday, according to Blockworks R...
Electricity bills are surging, is it still cheaper to charge an EV than get gas? It depends.
Electricity bills are surging. Is an electric vehicle still cheaper to charge than filling the tank of a gas-powered vehicle? The cost of charging an EV is almost always hundreds of dollars less a yea...
Ethereum total gas usage just hit a 4-month low amid a price slump
The ethereum network is witnessing a drastic reduction in the amount of gas used, as total gas usage recently plummeted to 4,507,912,628 – a low last witnessed in October 2022. This gradual reduction ...
This stock strategy is attracting lots of money. Here are its top 10 picks.
Following a year in which a rapid rise in interest rates caused stock and bond prices to tumble, investors are focusing on quality. One way to do this is to look at free cash flow — and doing so might...