YPF Luz, a subsidiary of the Argentine state oil company YPF, is currently piloting a project to power bitcoin mining operations with residual gas. The initiative, which is currently being tested in V...
Tag: Oil
Argentine Oil Subsidiary YPF Luz Powering Bitcoin Mining Activities With Residual Gas – Mining Bitcoin News
YPF Luz, a subsidiary of the Argentine state oil company YPF, is currently piloting a project to power bitcoin mining operations with residual gas. The initiative, which is currently being tested in V...
Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil – Africa Bitcoin News
The Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to import ...
Back From Brink, Sasol Gets On The Path To Greener Chemicals
The Lake Charles Chemical Project cost $12.75 billion. Sasol Louisiana megaproject complete, CEO Fleetwood Grobler is cutting risk and emissions at South Africa’s energy leader. After a peripate...
Oil prices jump on reports OPEC+ will cut production
Oil prices jumped on Monday following reports that the OPEC+ cartel is planning a large production cut. Price action West Texas Intermediate crude CLX22, +4.20% for November delivery rose $3.20, or 4%...
Oil Jumps as OPEC+ Mulls Biggest Production Cut Since Pandemic
(Bloomberg) — Oil surged in early Asian trading after delegates said OPEC+ was considering cutting output by more than 1 million barrels a day when the group meets this week to stem a slide in p...
The Biden Administration’s Irrational Desire To Limit U.S. Energy Exports
Liquid Natural Gas tanker at port with LNG liquefaction plant in background. getty Another active week in the energy space ended with the Wall Street Journal reporting that the CEO of ExxonMobilXOM , ...
The Next Bullish Catalyst For Oil Markets
Despite the devastation caused by Hurricane Ian, oil markets have been relatively unaffected by hurricane season this year. The next real catalyst for oil prices, short of a significant geopolitical d...
Brazil’s Election Is Almost Here. Get Ready to Buy Petrobras Stock.
Chocolate and peanut butter go together; falling oil prices and Brazilian political uncertainty most certainly do not. Yet Petrobras stock may still be worth buying. Yes, that sounds like a terrible i...
Biden To Oil Industry: “I Don’t Understand Economics”
American comic, film actor and activist, Irwin Corey, performs on stage at Lulu White’s jazz club, … [+] Boston, USA, 29th August 1978. (Photo by Barbara Alper/Getty Images) Getty Images I...
The Surging Hydrogen Economy That Oil And Gas Companies Are Tiptoeing Into.
A 2,500 cubic-meter tank of liquid hydrogen at Kobe Port Island plant in Japan where a special … [+] shipping terminal has been built to import liquid hydrogen from Australia (2020 photo). AFP v...
Alex Epstein’s Excellent and Essential ‘Fossil Future’
In his wonderful book American Happiness and Its Discontents, George Will wrote that Founding Father John Adams began each day with a tankard of beer. The anecdote read as incongruous. How could Adams...
Oil Prices Could Be Set For Another Sharp Rise
It’s been a rough couple of weeks in the energy market. As potential energy company investors, we are not sorry to see the back of last week in particular. That’s the understatement of the...
Russian Oil Price Cap Could Be Biden’s Biggest Energy Folly Yet
WASHINGTON, DC – MARCH 08: U.S. President Joe Biden speaks in the Roosevelt Room of the White House … [+] March 8, 2022 in Washington, DC. During his remarks, Biden announced a full ban on...
How OPEC+ Could Send Oil Prices Soaring Again
WTI crude continues to trade below $80 per barrel, but the next OPEC+ meeting could yield a bullish surprise. Reader Update: Today, our lead analyst David Messler has just published a new report detai...
Buffett’s Berkshire Might Have Bought More Occidental Stock After the Dip
A recent decline in Occidental Petroleum share price could have prompted Berkshire Hathaway to add to its large stake in the big energy company. Berkshire Hathaway (ticker: BRK.A, BRK.B) holds 188.4 m...
Goldman Slashes Oil Price Forecasts But Says It Remains Bullish
(Bloomberg) — Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Most Read from Bloomberg Goldman Sachs Group Inc. sharply lowered its oil price forecasts a...
Biden Tells Oil Companies ‘Bring Down Prices You’re Charging’
(Bloomberg) — While US gasoline prices have come down from the highs seen this summer, they’re clearly still weighing on President Joe Biden, who on Monday repeated demands for oil companies to ...
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 Edges Higher After Rout With Demand Outlook to the Fore
(Bloomberg) — Oil edged higher after a punishing week as traders weighed up the outlook for global demand amid mounting recessionary concerns. Most Read from Bloomberg West Texas Intermediate ro...
Nicolas Maduro Tempts West With an Abundance of Oil and Gas, Venezuelan President Wants Sanctions Lifted – Coinotizia
Amid the economic rumblings across the world and the energy crisis in Europe, Venezuelan president Nicolas Maduro has said his country is ready to step up and help with oil. Despite the fact that Vene...
Nicolas Maduro Tempts West With an Abundance of Oil and Gas, Venezuelan President Wants Sanctions Lifted – Economics Bitcoin News
Amid the economic rumblings across the world and the energy crisis in Europe, Venezuelan president Nicolas Maduro has said his country is ready to step up and help with oil. Despite the fact that Vene...
ETH Merge Forks, Quantum Computing, Biden Draining Oil Reserves, DOJ Targets Criminal Crypto Use — Week in Review – The Weekly Bitcoin News
With the Ethereum Merge event now successfully completed, new proof-of-work (PoW) forks have emerged to vie for miner acceptance. This, as the United States government, has warned that the post-quantu...
Oil Bears Beware, Crude Prices Could Soon Spike
While sentiment in oil markets has been decidedly bearish in recent weeks, the risk of Russia escalating its war with Ukraine and news that China is finally opening up mean there is plenty of upside r...
September Was Bad for Investors. October Could Be Worse.
Text size Market chaos has hit stocks, bonds, commodities, currencies, and futures. It’s hard to see it ending soon. Michael M. Santiago/Getty Images It’s a bumpy, volatile, no good, very bad market o...
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...