According to a recent report, members of the Saudi government and crown prince Mohammed bin Salman have been privately mocking U.S. president Joe Biden by questioning his keenness of thought and menta...
Tag: Oil
Oil Stock Nears Buy Point As Profit Soars For This Warren Buffett Favorite
Oil stock Occidental Petroleum (OXY), a favorite of Warren Buffett, is approaching a buy point from a cup-with-handle base. This market leader is Monday’s pick for IBD 50 Growth Stocks To Watch....
Wall Street Is Heading to Saudi Arabia as US Oil Spat Simmers
(Bloomberg) — Most Read from Bloomberg An escalating dispute over an OPEC+ decision to cut oil production risks causing lasting damage to political relations between the US and Saudi Arabia. Wal...
Oil prices post a weekly gain, but natural-gas futures fall more than 20% for the week
Oil futures climbed on Friday to post a gain for the week, but natural-gas futures fell sharply for the session to end the week more than 20% lower. “The Biden administration introduced an ̵...
The US Accuses Russians & Venezuelans of Smuggling Oil
A Russian-Venezuelan network sold oil to Russian & Chinese organizations They used crypto to avoid financial restrictions Orekhov was listed as a co-owner according to the DOJ Two Venezuelans and ...
Dan Yergin Discusses Putin’s Energy War And America’s Obligation To Remain A Reliable Supplier
WASHINGTON, DC – JUNE 22: An image of Russian President Vladimir Putin is displayed as U.S. … [+] President Joe Biden speaks about gas prices in the South Court Auditorium at the White Hou...
The World’s Oil Buyers Are Being Crushed by a Surging Dollar
(Bloomberg) — Brent oil has dropped more than 30% from this year’s high, but you wouldn’t know it if you live in Paris, Mumbai or Accra. Most Read from Bloomberg The decline in the global oil be...
Oil ends higher; natural gas prices post a weekly loss of more than 20%
Oil futures ended higher on Friday, while natural-gas futures extended their losses into a sixth-consecutive session to end the week with a loss of more than 20%. Price action West Texas Intermediate ...
Will Russia actually trade oil for bitcoin?
Russia is accepting payments for its oil in Bitcoin. Payment with bitcoin is allowed only in friendly countries. They have a choice as they can pay using bitcoin or in their local currencies. The aim ...
Don’t Expect Energy Sanctions To Stop Iran’s Crackdown
The Iranian government’s violent crackdown on protests stemming from the murder of Mahsa Amini by Iran’s Morality Police is driving the West to levy further sanctions against Iran. The US Treasury Dep...
Potential Of Peak Shale Puts Oil Market On Edge
ODESSA, TEXAS: An oil pumpjack setup pulls oil from the Permian Basin oil field on March 13, 2022 in … [+] Odessa, Texas. United States President Joe Biden imposed a ban on Russian oil, the worl...
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...
Does Exxon’s Departure From Russia Signal Higher Oil Prices?
The Molikpaq offshore oil platform, which produces up to 70,000 barrels a day stands off Sakhalin … [+] island, Far Eastern Russia, 27 April 2003. On June 11, the first drilling spoil is due to ...
US Accuses Five Russians and Two Venezuelans of Smuggling Oil, Millitary Equipment Using Crypto
On October 19, the United States Department of Justice (DOJ) accused two Venezuelan citizens and five Russians of using cryptocurrencies to launder money for Russian oligarchs by selling oil barrels f...
Biden Scolds Oil Producers on Buybacks as Ukraine War Rages
(Bloomberg) — President Joe Biden said US oil producers shouldn’t be returning record profits to shareholders via higher stock buybacks and dividends while Russia wages war in Ukraine, stepping ...
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....
The Economics Of A Russian Oil Price Cap
U.S. Treasury Secretary Janet Yellen speaks during a news conference at IMF headquarters, October … [+] 14, 2022 in Washington, DC. (Photo by Drew Angerer/Getty Images) Getty Images Economists o...
How Harold Hamm’s Oil Megadeal Could End Up Knocking Him Down The Billionaire Rankings
Harold Hamm Photograph by David Yellen/The Forbes Collection Privatizing Continental Resources means taking on obligations for some $9 billion in debt. The public markets served their purpose for Haro...
Russia Leans on Turkey, India, China for Oil Sales Before EU Ban
(Bloomberg) — The three countries that helped Moscow to maintain crude exports in the wake of its invasion of Ukraine appear to be stepping back into the market for Russian barrels, with Turkey ...
New England Risks Winter Blackouts as Gas Supplies Tighten
Listen to article (2 minutes) New England power producers are preparing for potential strain on the grid this winter as a surge in natural-gas demand abroad threatens to reduce supplies they need to g...
Biden Has ‘No Plans’ To Meet Saudi Crown Prince At G20 Summit After Oil Cuts
Topline President Joe Biden has “no plans” to meet with Saudi Arabian Crown Prince Mohammed bin Salman on the sidelines of the Group of Twenty Summit next month, National Security Advisor Jake Sulliva...
How The OPEC Meeting On Production Influences Oil And Gas Stocks
| Getty Images Key Takeaways OPEC controls 40% of the world’s oil production and accounts for 60% of internationally traded oil. This gives the organization massive control over the international pric...
The oil trade may have more juice despite a losing week
Even though WTI crude just saw its worst week in more than two months, the oil trade may have more juice left in the tank. Mirae Asset Securities’ Chris Hempstead told CNBC’s “ETF Ed...
Was This Oil Stock Sell A Mistake?
Doing a post analysis of trades is a critical component of improvement. But as we can see with the example of DVN stock, it’s not just about the outcome. Whether the stock eventually went up or ...
Is Big Oil Already Becoming Big Natural Gas? Here Are The 5 Biggest Natural Gas Stocks Worldwide
| Getty Images Key Takeaways The top energy companies tend to be incredibly profitable, whether they are public companies, state-run entities, or privately-owned companies. The biggest oil and gas com...
Saudi Aramco — the world’s largest oil producer — just issued a dire warning over ‘extremely low’ capacity. Here are 3 stocks for protection
‘The world should be worried’: Saudi Aramco — the world’s largest oil producer — just issued a dire warning over ‘extremely low’ capacity. Here are 3 stocks for protection The global oil m...
Biden Pledges ‘Consequences’ For Saudi Arabia Over Oil Production Cuts
Topline President Joe Biden told CNN on Tuesday Saudi Arabia will face “consequences” for joining with Russia and other major energy producers to slash oil production, a move that has driven fears of ...