Topline The stock market moved slightly lower on Monday as disappointing economic data out of China led to rising concerns about a global recession and a drop in oil prices; meanwhile, investors are l...
Tag: oil prices
Inflation Break?
Gasoline prices last spring. (Photo by Win McNamee/Getty Images) Getty Images July brought a measure of relief on the inflation front. Because of a 4.6% drop in energy prices, the overall consumer pri...
Saudi Arabia To Join The Ranks Of Trillion-Dollar Economies, Buoyed By Oil Surge
View of the Saudi capital Riyadh, on 12 December 2018 (Photo: Simon Kremer/picture alliance via … [+] Getty Images) picture alliance via Getty Images Saudi Arabia is set to join the ranks of the...
Gasoline At (or Under) $2.99 a Gallon: Here’s Where
Gasoline prices continue to fall in a handful of states to $2.99 a gallon, marking the 50th consecutive day of declines and giving consumers a reprieve as high inflation rates have walloped their budg...
Stocks Take A Breather After Market’s Best Month Since 2020
Topline The stock market fell on Monday despite recently posting its best month since 2020, as investors continue to worry about a potential slowdown in corporate earnings, more rate hikes from the Fe...
Dow Jumps 300 Points After Solid Earnings From Goldman, Bank Of America
Topline The stock market rallied on Monday to kick off a big week of earnings as the latest quarterly results from big banks provided further clues about the health of the economy, with investors now ...
The Biden-Harris Inflation Plan Is More Rhetoric Than Real
President Joe Biden and Vice President Kamala Harris share pleasantries. (Photo by Chip … [+] Somodevilla/Getty Images) Getty Images Since the latest inflation news was abysmal and because the p...
The Healing Power Of High Gasoline Prices
US President Joe Biden, speaks during an arrival ceremony at Ben Gurion International Airport in Tel … [+] Aviv, Israel, on Wednesday, July 13, 2022. President Biden will seek to salvage relatio...
Wells Fargo Says These Eight Energy Stocks Can Weather a Recession
The year 2022 has been kind to oil companies, largely because price surges tied to Russia’s war on Ukraine. The S&P Oil & Gas Exploration & Production Select Industry Index has climb...
Is Warren Buffett’s Favorite Stock Overbought? Occidental Petroleum Gets Downgrade From Analysts
Topline Shares of Occidental Petroleum, a favorite of billionaire investor Warren Buffett, fell 2% on Monday after Goldman Sachs analysts downgraded the stock and warned valuations look less attractiv...
Dow Jumps 200 Points As Stocks Aim For Rare Winning Week
Topline The stock market moved higher on Thursday, looking to build on recent gains a day after the Federal Reserve reaffirmed its commitment to bringing down inflation with more big rate hikes and ti...
Oil Selloff Continues Amid Recession ‘Panic,’ But Analysts Predict Prices Will Rebound Later In 2022
Topline Oil prices continued to fall in choppy trading on Wednesday—extending recent losses as growing recession fears wreak havoc on markets, but despite concerns about an economic downturn hurting d...
Dow Drops 200 Points As Wall Street Banks Warn Of ‘Significant Downturn’ And Raise Recession Odds
Topline Stocks fell on Wednesday as a growing number of major Wall Street firms warned that the likelihood of a recession has risen sharply, predicting that markets could tank even further as the Fede...
Energy Stocks Jump As Oil Surges Again—Prices Will Remain Elevated Through Summer
Topline Energy stocks once again outperformed the rest of the market as oil and gas prices remain elevated due to inflation; despite ongoing risks to tight global supply such as Russia’s invasion of U...
Why Are Oil Prices Down and Gas Prices Up?
Gasoline prices continue to set records even as oil prices are beginning to slip back from their recent highs, leaving many drivers frustrated and perplexed. The American Automobile Association report...
The Parable Of The Chicken Farmer And The Oilman
Farmer on poultry farm getty People who should know better are still deflecting the blame for high oil prices onto the oil companies. There is still a widespread misunderstanding of how oil and gas ar...
As Gas Prices Soar, Biden’s Bended-Knee Tour Of OPEC Nations Continues
Russian President Vladimir Putin (L) shakes hands with Saudi Deputy Crown Prince Mohammed bin Salman … [+] during a meeting at the Kremlin in Moscow on May 30, 2017. / AFP PHOTO / POOL / Pavel G...
The Real Reason Behind Higher Oil And Gasoline Prices
(From R) Saudi Arabia’s Energy Minister Khalid al-Falih, Russia’s Energy Minister Alexander Novak, … [+] Kuwait’s Oil Minister Essam al-Marzouk and OPEC Secretary General Moham...
ExxonMobil Does Not Control Oil Or Gasoline Prices
FILE – The logo for ExxonMobil appears above a trading post on the floor of the New York Stock … [+] Exchange, Oct. 8, 2019. ExxonMobil is restructuring its business into three divisions a...
“Exxon Made More Money Than God” — But Far Less Than Apple
US President Joe Biden speak about the economy and inflation from the deck of the USS Iowa at the … [+] Port of Los Angeles on June 10, 2022. – US inflation surged to a new four-decade hig...
We Need A Win-Win Energy Policy
Sweetwater in Texas aims to be the windpower capitol of the world. A pumpjack siphons oil in the … [+] foreground. Best known for the annual Rattlesnake Roundup Festival now also host the West T...
The Coming Global Recession, Helped By Europe’s ‘Green War’ With Russia
Much of today’s economic woes can be blamed on the pandemic and China supply chain. But Europe and … [+] Russia’s energy war over Ukraine is adding fuel to the fire. getty The “adult...
Why $5 A Gallon Gasoline Looks Inevitable
UNITED STATES – MAY 18: From left, Sen. John Kennedy, R-La., Sen. Lisa Murkowski, R-Alaska, Sen. … [+] John Barrasso, R-Wyo., hold their news conference in the Capitol on gas prices on Wed...
Gasoline Prices Have Peaked For Now
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...
If Oil Companies Control Prices, Why Do They Ever Lose Money?
Prices for a gallon of gasoline are posted on the sign of an Exxon gas station Monday, March 7, … [+] 2022, in the Capitol Hill neighborhood of Washington. (AP Photo/Alex Brandon) ASSOCIATED PRE...
Here’s How Much Major Energy Companies Are Losing By Exiting Russia
Topline Major oil and gas companies, which scrambled to abandon operations in Russia following the invasion of Ukraine in late February, are now warning that doing so will result in billions of dollar...
Shell Faces $5 Billion Hit For Leaving Russia As Energy Sector Braces For Fallout Of Putin’s Invasion Of Ukraine
Topline British energy giant Shell on Thursday said it expects to take a hit of up to $5 billion in the first quarter of 2022 following its decision to leave Russia, one of the first indications of th...