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...
Tag: Oil
World Still Needs To Use Oil And Gas Or Civilization Will Crumble – Musk
Musk said the world still needs oil and gas Energy insecurity has risen following Russia’s decisions It is not the first time that Musk has called for more production of fossil fuels The w...
Europe’s Energy Crisis Won’t Be Over Anytime Soon, Experts Say
A man waves a European Union flag in front of the Romanian Parliament headquarters during a protest … [+] against government and corruption in the front of the Romanian Government headquarters i...
Oil Retreats From Biggest Gain in Six Weeks Amid Supply Angst
(Bloomberg) — Oil moved below $96 a barrel, retreating from its biggest gain in more than a month as traders weighed potential supply disruptions, including the possibility of an OPEC+ output cu...
Amid Colorado’s Gas Flare Ban, Report Shows Half Dozen Gas and Oil Firms Are Raking in a Lot of Bitcoin – Bitcoin News
In November 2020, Colorado banned gas flaring, venting, and the release of raw gas into the atmosphere. While the centennial state has a large number of well sites, a recent report shows that roughly ...
‘Civilization Will Crumble’ Without Oil And Gas In Short Term
Topline Tesla CEO and world’s richest person Elon Musk on Monday backed additional efforts to drill for natural gas and oil in the short term, in line with his recent change in tune on the use of non-...
Will Joe Biden’s gamble on big oil pay off in leveling gas prices?
Photograph: Frederic J Brown/AFP/Getty Images Can Joe Biden push big oil to drill for more oil, lower gas prices and speed up the switch to electric vehicles? That’s the ambitious aim of a plan the Bi...
Warren Buffett keeps betting big on oil. Here are 2 high-yield energy stocks — offering up to 13.3% — for some healthy income to boot
Warren Buffett keeps betting big on oil. Here are 2 high-yield energy stocks — offering up to 13.3% — for some healthy income to boot Energy was the top-performing sector of the S&P 500 last year....
Oil Stocks: Pioneer Natural Resources Pumps Toward Buy Point
Oil stock Pioneer Natural Resources (PXD) is marching toward the buy point of a cup base. The IBD 50 stock has climbed 13% in the past seven sessions. X The Irving, Texas-based oil explorer and produc...
BP Oil Spill Linked To Abnormalities In Dolphin DNA
Topline Twelve years after the Deepwater Horizons spill sent more than 210 million gallons of crude oil into the Gulf of Mexico, scientists at the National Marine Mammal Foundation have linked the dis...
Stocks To Buy And Watch: 3 Low-Price Energy Leaders Near Buy Points As Oil Prices Surge
Investors looking for stocks to buy and watch should check out the IBD Screen Of The Day, a column that focuses on a list of top ideas in the IBD Stock Screener. Today’s IBD screen highlights th...
Oil Is The Outlier In The World’s Post-COVID Energy Recovery
Wind turbine with Oil refinery at twilight sky background. getty The 2022 edition of the bp Statistical Review of World Energy was recently published (the 71st annual edition), which means it’s time f...
‘Limited’ oil and gas capacity could send prices higher in 2023, analyst says
Oil prices could spike again by the beginning of 2023, says one analyst. “Domestically, whether it’s oil or it’s gas, these companies have very very limited incremental capacity at t...
Buffett Is a Buyer of Occidental. Here’s Why You Should Too
Occidental Petroleum (OXY) shares are down about 2.7% on Monday, but are off the session lows. Today’s action follows the stock’s explosive finish to last week, as shares rallied 9.9% on Friday. The...
Oil Volatile on ‘Iran Fear’; Saudis Threaten OPEC Cuts to Seize Back Control
By Barani Krishnan Investing.com — Fear that Iran might win back its stalled nuclear deal from global powers to pave its re-entry into the export market for oil sent crude prices near six-month lows o...
Oil Clings to $90 After Saudi Warnings Touch Off Market Swings
(Bloomberg) — Oil clung to $90 at the conclusion of a volatile session after Saudi Oil Minister Prince Abdulaziz bin Salman warned the disconnect between the futures market and supply fundamenta...
Stocks Lower, Week Ahead, Tesla, AMC, Gas Prices-5 Things To Know
Here are five things you must know for Monday, August 22: 1. — Stock Futures Slide On Growth, Inflation Worries U.S. equity futures slumped lower Friday, while the dollar extended its best weekl...
4 Energy Stocks That Climbed as Gasoline Prices Fell
Text size Kinder Morgan storage tanks in Wilmington, Calif. The comany’s stock can offer stability. Bing Guan/Bloomberg The price of gasoline has been falling steadily for over two months, and w...
Saudi Arabia’s Booming and This Time It Isn’t Only About Oil
(Bloomberg) — Most Read from Bloomberg The more than 300 apartments in Almajdiah Residence’s new Riyadh complex sold in just a month for cash, without the company even having to advertise. This ...
The Oil Surplus Could Persist. Expect Prices to Fall
Text size This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Expect Oil Prices to Fall THINK Economic and Finan...
Oil Prices Have Been Falling. Why It’s Time to Buy Oil Stocks.
Text size Energy stock profits rose nearly 300% during the second quarter, nearly 10 times faster than the next sector, industrials. Oliver Bunic/Bloomberg It has been a boom-and-bust year for oil sto...
Gasoline Prices Are Down, But There’s a Big Threat Looming
Gasoline prices fell again on Aug. 19 with the national average declining to $3.89 a gallon as crude oil prices inched slightly higher to $91.56 a barrel. The most common price is $3.49 a gallon, Pat...
Winter is coming: European buyers shifting from natural gas to crude oil
Record temperatures. An unusually hot summer and prolonged drought conditions. Even the mighty Rhine runs dry. For Europe, these strange and harsh phenomena seem to be troubling omens of the difficult...
Here’s Why Warren Buffett Loves Oil Giant Occidental Petroleum
(Bloomberg) — Famed investor Warren Buffett is steadily snowballing a stake in Occidental Petroleum Corp. in what could end up being his biggest-ever acquisition. His Berkshire Hathaway Inc. on ...
India, The Rising Power, Is Seeking Oil From The Middle East And Russia
Indian Prime Minister Narendra Modi is welcomed by UAE’s President Mohammed bin Zayed Al Nahyan in … [+] Abu Dhabi, UAE on June 28, 2022. (Photo by Presidential Affairs Ministry – UA...
Small (Oil) Is Not Necessarily Beautiful
AT SEA – FEBRUARY 24: A general view of the BP ETAP (Eastern Trough Area Project) oil platform in … [+] the North Sea on February 24, 2014, around 100 miles east of Aberdeen, Scotland. (Ph...
Dow Futures Fall as Wall Street Parses Mixed Signals on Pace of Rate Hikes
Text size Investor focus remains on the Federal Reserve’s pace of future interest-rate increases. Spencer Platt/Getty Images Stock futures pointed to a lower start for Wall Street Friday as inve...
Europe’s Self Inflicted Oil Crisis And The Saudis Last Laugh With U.S.
President Joe Biden being welcomed by Saudi Arabian Crown Prince Mohammed bin Salman at Alsalam … [+] Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. (Photo by Royal Court of Saudi Arabia...