TEHRAN, IRAN – JUNE 03: Iranian President Ebrahim Raisi delivers a speech on the eve of the 33rd … [+] anniversary of Ayatollah Khomeini’s death at his grave outside Tehran, on June ...
Tag: Oil
Russia’s Rank As U.S. Trade Partner At 30-Year Low, New Data Shows
Trade with Russia has left its rank with the United States at a three-decade low. The U.S. hasn’t … [+] imported oil or refined petroleum since April. ustradenumbers.com Russia now ranks a...
U.S. should pump more oil to avert war-level energy crisis: JPMorgan’s Jamie Dimon
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
For The U.S., There Is No Net-Zero Without Major Permitting Reform
WASHINGTON, DC – OCTOBER 06: Sen. Joe Manchin (D-WV) speaks at a press conference outside his office … [+] on Capitol Hill on October 06, 2021 in Washington, DC. Manchin spoke on the debt ...
I’m Lassoing in a ‘Cowboy’ Trade in Oil
In my hunt for energy names, I’m taking the lead from the owner of the Dallas Cowboys. I’m lassoing in Comstock Resources, Inc. (CRK) . This Frisco, Texas-based independent natural gas pr...
Oil Prices Set for Biggest Weekly Increase Since March Following OPEC Cut
Oil prices on Friday were on track for their biggest weekly increase since March, as OPEC’s planned production cut heightened tension with the U.S. government over energy supplies heading into winter....
Oil Prices Hold Steady. U.S. Said to Be Looking at Relaxing Venezuela Sanctions.
Oil prices on Thursday largely held to gains from the previous session despite a report from The Wall Street Journal that the U.S. government could relax sanctions on Venezuela to allow new supply ont...
The Greed And Geopolitics Of The OPEC+ Oil Production Cut
Delegates during a news conference following the 33rd meeting of the Organization of Petroleum … [+] Exporting Countries (OPEC) and non-OPEC countries in Vienna, Austria, on Wednesday, Oct. 5, 2...
Oil prices up ahead of OPEC+ meeting in Vienna
OPEC+, the influential alliance of oil producers, is expected to issue its most significant oil output cut for almost two years. Energy analysts say that the move will push fuel prices to triple digit...
OPEC Just Put a New Floor on Oil Prices. Politics Could Break It.
Text size Top oil producers agreed on a major cut in production to boost crude prices, a move denounced by the U.S. Frederic J. Brown/AFP via Getty Images OPEC’s latest controversial decision to cut p...
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...
America Wants More Oil, But Only From Other Countries
CARACAS, VENEZUELA – FEBRUARY 07: President of Venezuela Nicolas Maduro (R) shakes hands with … [+] Minister of Foreign Affairs of the Russian Federation Serguéi Lavrov (L) at Miraflores G...
DeFiChain Unveils Fresh dTokens Corresponding to Unilever, US Oil Fund, & More – crypto.news
DeFiChain (DFI) has announced the addition of four new dTokens to its ever-expanding list of decentralized finance instruments. The new dTokens offer holders exposure to the stocks and ETFs of Walmart...
DeFiChain Introduces New dTokens Corresponding to Walmart, Unilever, US Oil Fund, and US Gas Fund
– Advertisement – DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, has added four new d...
Saudi Arabia Defies Expectations and Keeps Oil Prices Steady
(Bloomberg) — Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Most Read from Bloomberg Saudi Arabia kept oil prices for its main market of Asia largely s...
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 ...
Oil Falls, Bitcoin Up – Trustnodes
Buy the rumor and sell the news may be in action in oil markets where prices have fallen a bit today, when you might have expected a rise. Both WTI and Brent oil are down by about 1% with WTI falling ...
OPEC’s oil cuts force the US to reconsider its foreign policy
OPEC+ announced it’ll slash output by 2 million barrels per day (bpd) on Wednesday (Oct. 5), the biggest cut since the pandemic started in 2020. The White House’s reaction was swift, calling the decis...
Here’s What Goldman to UBS Say About Oil After Big OPEC+ Cut
(Bloomberg) — The OPEC+ alliance agreed to its biggest production cut since the start of the pandemic in Vienna on Wednesday, a move that drew a swift rebuke from the US and prompted Goldman Sac...
Norwegian Oil Giant Leads Surprising Shift To Carbon-Neutral Energy Production
Equinor ASA (Photo by STR/NurPhoto via Getty Images) NurPhoto via Getty Images The global energy complex is in a state of flux, made worse by the war in Ukraine, overzealous European lawmakers and unp...
Can US Take on the Russia-Saudi Oil Alliance? – Trustnodes
The OPEC oil cartel, accounting for about 40% of global oil production, has taken the surprising step of cutting oil production not by one million as they leaked, but two million barrels a day. “The d...
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...
Marathon Oil Has the Stamina to Run Even Higher
Marathon Oil (MRO) looks like it is “off to the races” again as it has surged sharply higher in recent days. Let’s check the charts and indicators to see if we need to jump in now or...
Oil Prices Slip Despite Prospect of Major Supply Cut
Oil prices fell slightly in early trading after two sessions of strong gains, ahead of an OPEC+ meeting on Wednesday when the oil group and its allies are expected to debate the biggest reduction in o...
Saudi Arabia and Russia plan deep oil cuts in defiance of US
Saudi Arabia is seeking to raise oil prices at a crucial meeting in Vienna in a move set to anger the US and help Russia. Riyadh, Moscow and other producers are poised to announce deep cuts at a meeti...
Oil Markets Are Set Up For A Bull Run
After weeks of losses, oil markets appear to be set up for a rally as multiple bullish catalysts come together. The expected cut to OPEC+ production targets will then be followed by the end of the U.S...
3 oil stocks that have seen over 100% rise in 2022
The oil and energy industry has been by far the best performer in 2022 in light of the Russian invasion of Ukraine, which caused energy prices to skyrocket. The rise in energy prices was followed by ...