Topline Soaring energy prices triggered by Russia’s invasion of Ukraine could have pushed millions of people around the world into extreme poverty in 2022, researchers warned on Thursday, urging gover...
Tag: oil prices
Europe Didn’t Escape An Energy Crisis Just Yet
European Commission President Ursula Van Der Leyen. So far, Europe has done better than expected in … [+] dodging a severe energy crisis. Electricity costs are higher. And each country has its o...
Energy Sector Predictions For 2023
MOJAVE, CA – NOVEMBER 15: A large array of solar panels, located one hour north of Los Angeles in … [+] Kern County, is viewed on November 15, 2022, near Mojave, California. Due to demand,...
Inflation Cools, But Less Demand Doesn’t Mean Recession Imminent
Eggs are displayed at a grocery store, Wednesday, Jan. 11, 2023, in Marietta, Ga. The national … [+] average price for a dozen eggs hit $3.59 in November, up from $1.72 a year earlier, according...
Analysts Remain Bullish On Oil Prices Despite Looming Headwinds
BEIJING, CHINA – DECEMBER 09: Medical workers wear PPE as they arrive with a patient on a stretcher … [+] at a fever clinic on December 9, 2022 in Beijing, China. In a major shift in the c...
Energy Companies Increase Spending in 2023 as Oil Prices Rebound
Oil and gas companies plan to increase their capital expenditure budgets in 2023 due to gains in crude oil prices, executives said in a recent Dallas Federal Reserve‘s energy survey. The majorit...
The Year In Energy Prices
WASHINGTON, DC – MARCH 14: Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, … [+] 2022 in Washington, DC. The cost of gasoline continues to rise across the globe a...
Grading My 2022 Energy Predictions
Russian President Vladimir Putin chairs a meeting on the situation in the oil and gas sector at the … [+] Novo-Ogaryovo state residence outside Moscow, on April 14, 2022. – Putin called fo...
Are Oil Stocks A Buy Right Now?
| Getty Images Key Takeaways As a commodity, oil is known for its extreme volatility. Oil stocks represent an opportunity to add exposure within the energy section to your portfolio. Overall, many oil...
You Won’t Believe How Low Gasoline is Likely to Go
Gasoline prices fell by $0.50 a gallon since November, giving consumers a reprieve into the holiday season. Prices have declined since early November with Americans saving a cumulative $200 million a ...
Washington’s Oil Price Cap Won’t Work-And Putin Knows It
Russian Prime Minister Vladimir Putin visits Lukoil stationary oil platform in the Caspian Sea AFP via Getty Images For the past several months the U.S. has been shopping around other advanced democra...
Putin ‘Destroyed’ Russian Economy Save For Oil, White House Says
Topline Russian President Vladimir Putin has sunk his country’s economy outside of the still lucrative oil exports, a Biden Administration official said Monday, as Russia largely retreats from the glo...
Oil Inventories Worldwide And Oil Price Trends
| Getty Images Key takeaways Oil prices have slowly recovered since the start of the pandemic, topping $120 in the summer of 2022. Prices have since dipped below $100, and OPEC plans to cut production...
Can Chevron Profit From Venezuelan Oil?
| Getty Images Key Takeaways Chevron paused operations in 2019 due to sanctions placed by the US aimed at restoring free elections in the country. Venezuela has the world’s largest oil reserves....
Why U.S.-Saudi Relations Are On The Brink As Top-Ranking Senator Threatens To ‘Immediately Freeze’ Relationship
Topline The chair of the Senate Foreign Relations Committee called on the U.S. to “immediately freeze” all cooperation with Saudi Arabia on Monday, as outrage in Washington against the Saudi governmen...
No Surprise That OPEC-Plus Sides With Russia Over Biden In Oil Market
Russia’s President Vladimir Putin (R) and Saudi Arabia’s Crown Prince Mohammed bin Salman at the G20 … [+] Leaders’ Summit in Buenos Aires, on November 30, 2018. (Photo by ludo...
Costco Has Surprising Gas News for Members, Investors
Costco (COST) offers a very simple proposition to its members. You pay $60 for basic access or $120 for premium access (which comes with 2% cash back on most purchases up to $1,000 per year) in order ...
Ahead Of OPEC+ Meeting, What’s Going On With Oil Prices In Fall 2022?
| Getty Images Key takeaways Oil prices dropped negative at the height of the pandemic thanks to lockdowns. Oil companies were unprepared when lockdowns were removed and the government provided stimul...
Europe Energy In Deep Crisis Mode
A screen grab from Danish Defense shows the gas leaking at Nord Stream 2 seen from the Danish F-16 … [+] interceptor on Bornholm, Denmark on September 27, 2022. (Photo by Danish Defence/Anadolu ...
Nord Stream’s European Partners Quiet On Pipeline Damage
The Russia to Germany pipeline is probably irreparable. If not, it is unlikely Gazprom will trust … [+] its European investment partners to move forward as the new Cold War gets hotter. (Photo b...
Where Oil Prices, Energy Stocks May Go in Q4
Oil prices and energy stocks enjoyed a powerful bull market in the first half of 2022, while equities, bonds and other assets were all under pressure. Even more impressively, energy prices were on the...
Oil Prices Plummet As Dollar Soars And Global Recession Fears Grow
Topline Oil prices continued to plummet on Monday, plunging to their lowest levels since January and continuing weeks of decline as fears of a looming global recession mount, inflation rates remain hi...
Oil Plunges To Lowest Level Since January—Here’s Why Experts Say Low Prices Won’t Last
Recession fears and a stronger U.S. Dollar both continued to weigh on oil prices. Hasan Jamali/Associated Press Oil prices continued to tank on Friday, posting a fourth straight week of declines and f...
Dow Jumps Over 300 Points As Investors Shake Off Rising Fears About More Fed Rate Hikes
Topline The stock market surged higher on Friday, with stocks on pace to snap a three-week losing streak as investors shook off Federal Reserve Chair Jerome Powell’s recent comments about more interes...
Oil Prices Hit Seven-Month Low As Recession Fears Weigh On Demand
Topline Oil prices dropped more than 5% on Wednesday, falling to just over $80 per barrel and hitting their lowest point since January as rising fears that a global economic downturn will hurt demand ...
Gasoline Prices Should Keep Falling Unless This Happens
Gasoline prices are expected to continue their downward trend during Labor Day weekend as consumers are still receiving a reprieve. Crude oil prices declined on Sept. 2 to $86.97 a barrel on ongoing f...
Dow Falls 300 Points, Bond Yields Surge As Investors Bet On More Rate Hikes
Topline Stocks fell for a third day in a row on Tuesday as the recent summer market rally continues to fizzle out, with investors growing nervous about more big interest rate hikes from the Federal Re...
Gasoline Prices Are Down, But There’s a Big Threat Looming
Gasoline prices fell again on Aug. 19 with the national average declining to $3.89 a gallon as crude oil prices inched slightly higher to $91.56 a barrel. The most common price is $3.49 a gallon, Pat...
Coterra Energy Call Aims For 6.7% Return
Crude oil is trading at a six-month low, down 28% from highs above $120 per barrel in March to $88 today for a barrel of the West Texas Intermediate variety. Despite the big drop, oil is still up 42% ...
Europe’s Self Inflicted Oil Crisis And The Saudis Last Laugh With U.S.
President Joe Biden being welcomed by Saudi Arabian Crown Prince Mohammed bin Salman at Alsalam … [+] Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. (Photo by Royal Court of Saudi Arabia...