AFP via Getty Images TL;DR Fed chairman Jerome Powell says they’ll “use our tools forcefully” to combat inflation Markets sold off heavily with fears that the U.S. could fall into a recession Crude oi...
Tag: Oil
Global Oil Prices Climb after Dropping to 7-Month Low
The energy situation is very delicate as demand is also slowing in China according to key economic data. The country saw its crude oil imports slump by 9.4% in August when compared to the year-ago per...
ECB Rate Hike Means Recession Looms, Oil Bull Running On Fumes
ECB raises its main overnight lending rate to 1.25% from 0.5% on Thursday. It has a long way to go … [+] if it wants to fight 8.9% inflation in Western Europe. (Photo by Hannelore Foerster/Getty...
Crude Oil Prices Tick Higher After Putin Threatens to Let Europe ‘Freeze’
Text size Russian President Vladimir Putin Mikhail Klimentyev/SPUTNIK/AFP via Getty Images Oil prices inched up on Thursday after Russian President Vladimir Putin hinted that he might tear up supply c...
Oil Prices Tick Higher After Putin Threatens to Let Europe ‘Freeze’
Text size Russian President Vladimir Putin Mikhail Klimentyev/SPUTNIK/AFP via Getty Images Oil prices inched up on Thursday after Russian President Vladimir Putin hinted that he might tear up supply c...
Putin Threatens to Let Europe ‘Freeze’ — Russian President Warns ‘We Will Not Supply Gas, Oil, Coal, Heating Oil’ – Economics Bitcoin News
Following the discussions concerning the inter-governmental political forum Group of Seven (G7) pledging to impose price caps on crude oil and the European Commission talking about fixing electricity ...
Tech leads afternoon rally, oil plunges to seven-month low
U.S. stocks charged forward Wednesday as Wall Street clawed back from a three-week long sell-off across equity markets. The S&P 500 rallied 1.8%, while the Dow Jones Industrial Average added 436 p...
Oil Boom Falls Flat in Region With a Fifth of World’s Reserves
(Bloomberg) — From Saudi Arabia to West Texas, drillers are pumping more oil to cash in on a scorching price rally. But a region that’s home to a fifth of the world’s crude reserves is mostly mi...
Oil price falls to lowest since Ukraine invasion in blow to Putin
Putin Oil Price Russia – Sergei Bobylyov/AFP Oil prices have tumbled back to levels last seen before Russia’s invasion of Ukraine in a blow to Vladimir Putin and Saudi Arabia as the heavyw...
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 ...
This activist investor is pushing Chevron to ‘boost’ oil production
Vivek Ramaswamy – an activist investor who’s exposed to Chevron Corporation (NYSE: CVX) through his recently launched exchange-traded fund wants the energy giant to produce more oil over the next deca...
Why Did OPEC Cut Production For October Targets?
AFP via Getty Images Key takeaways On Monday, OPEC announced that it would slash oil production targets for October by 100,000 barrels per day The group of oil producers expressed concerns over weaken...
Putin Warns He’ll Freeze Energy Supplies To The West If Price Caps Are Imposed
Topline Russian President Vladimir Putin on Wednesday doubled down on threats to cut off all energy supplies to Western countries if they impose price caps on its oil and gas exports, ratcheting tensi...
Oil Drops, Gas Falls Below $8, DXY Up, Bitcoin Down – Trustnodes
The dollar strength index (DXY) has crossed 110 for the first time since 2002, and is just 10 away from an all time high since 1984. For much of its rise however, a rule of sorts developed whereby if ...
Buy These 2 Oil Stocks For Big Dividend Hikes (Thanks To Biden)
Declining row of crude oil barrels getty We aren’t falling for this “head fake” oil plunge. Instead we’re buying what I like to call the “Biden barrel discount”— grabbing beaten-down oil stocks with s...
Oil Plunges to Lowest Since January as Demand Concerns Escalate
(Bloomberg) — Oil fell to the lowest since January on concern a global slowdown will cut demand in Europe and the US, just as China’s Covid Zero strategy hurts consumption in the world’s biggest...
France says imposing a price cap on Russian oil will be difficult
France’s Finance Minister Bruno Le Maire speaks on July 25, 2022 at the Finance ministry in Berlin, Germany. David Gannon | Afp | Getty Images French Finance Minister Bruno Le Maire said on Satu...
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...
Germany Agrees on Gas Relief Package for Businesses, Consumers
BERLIN—Germany unveiled its third energy crisis relief package this year to shield consumers from soaring prices over the winter, a day after Russia indefinitely suspended gas deliveries to Europe’s l...
Global Energy Markets Enter Winter Of Discontent
LONDON, ENGLAND – AUGUST 26: Protesters hold placards during a demonstration against rising energy … [+] prices outside Ofgem’s headquarters in Canary Wharf on August 26, 2022 in Lon...
Oil Has Been Falling, OPEC Cuts Could Drive Them Up Again
OPEC’s biggest producer, Saudi Arabia, recently suggested that the group may consider an output reduction. Asaad Niazi/AFP/Getty Images Text size Oil prices posted their biggest monthly loss of the ye...
Shortage of Frack Gear Is Helping to Hold Back US Oil Production
(Bloomberg) — In a dusty corner of Oklahoma, close to where Erle Halliburton founded his eponymous oil services empire 103 years ago, a group of workers shows why US oil production growth has be...
The ‘Refiner’ Things in Life: 3 Oil Dividend Stocks With High Yields
High oil and gas prices are boosting the energy sector as these stocks have widely outperformed the S&P 500 Index. It’s no wonder: Demand for refined products remains strong and global suppl...
Who Are The Winners Among The 24 Oil Stocks In The IBD 50?
There were 24 oil stocks in the IBD 50 on Friday. How do you distinguish between the winners and losers? And why does the screen continue to include so many oil stocks? X The market downturn and the v...
G-7 Unveils Price Cap On Russian Oil, Kremlin Vows To Fight Back
Topline Group of Seven countries announced Friday an agreement on a long-discussed price cap on purchases of Russian oil, shortly after the Kremlin threatened it won’t export oil to countries particip...
Warren Buffett keeps backing up the truck on big oil. Lock in energy yields up to 13.3% for some fat income to boot
Warren Buffett keeps backing up the truck on big oil. Lock in energy yields up to 13.3% for some fat income to boot Energy was the top-performing sector of the S&P 500 last year. And that momentum...
I prefer Pioneer Natural Resources over Marathon Oil
Marathon Oil: “Marathon Oil is good, but why not own one of these with a giant dividend? How about Pioneer? Pioneer has the largest dividend in the S&P, and that’s my one. That’s...
Oil falls Due to USD and China Lockdowns; Gold Nears $1700
As China continues to struggle in its battle against the COVID pandemic and concerns of a worldwide recession mount as rates rise, crude oil prices are plummeting. OPEC+ is expected to discuss output ...
Why Are Oil Prices Dropping? OPEC Bows To Global Pressure To Increase Oil Supply
Getty Images Update 08/31/2022 In the original article below we covered OPEC’s increase in production, and explained how this was likely to help prices fall over the coming months. Well, that’s exactl...
Oil Heading for Longest Slump Since 2020 Amid Growth Concerns
(Bloomberg) — Oil headed for a third monthly drop, the longest losing run in more than two years, on concern that tighter monetary policy will hit growth and China presses on with its Covid Zero...
Crypto Farms Mining at Russian Oil Fields Reach 85 MW of Capacity, Analysts Say – Coinotizia
Farms mining cryptocurrency at oil wells in Russia account for 85 megawatts (MW) of energy capacity, experts have estimated. Investors are considering projects for another 200 MW despite constraints s...