Concerns about a recession and a drop in energy demand led to a drop in U.S. benchmark West Texas Intermediate crude-oil prices below the $100-a-barrel mark on Tuesday for the first time in months. Th...
Tag: Oil
Oil Plummets Below $100 as Recession Risks Come to Forefront
(Bloomberg) — Oil posted its worst trading day in almost three months as recession fears gripped markets, outweighing a fundamentally tight supply market. Most Read from Bloomberg West Texas Int...
Oil Plunges As Recession Fears Mount: Gas Prices Set To Tumble
Updated at 4:24 pm EST Global oil prices plunged the most in several weeks Tuesday as investors pared bets on crude and commodities demand amid increasing signs of recession in the world’s bigge...
Oil tumbles as much as 10%, breaks below $100 as recession fears mount
Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices tumbled Tuesday with the U.S. benchmark...
Oil stocks, Ford, Crocs and more
Check out the companies making headlines in midday trading. Ford Motor — Shares of the carmaker dropped nearly 3% and hit a new 52-week low after the company reported a slight increase in new vehicle ...
Putin Will Kill Russia’s Oil And Gas Economy And Ukraine Will Eventually Emerge Stronger
TOPSHOT – The mother of Ukrainian soldier Lubomyr Hudzeliak, who was killed during Russia’s invasion … [+] of Ukraine, mourns over his flag-draped coffin during his funeral at the Ly...
Crude Oil Price Update – Supply Worries Driven by Political Unrest in Libya, Labor Problems in Norway
U.S. West Texas Intermediate crude oil futures jumped more than 2% on Friday. The new month and quarter began on an up note as political tensions in Libya and labor issues in Norway raised concerns ab...
Oil: the upcoming quarterly do not bring a smile
The situation is certainly not the best, whichever way you look at it there are problems to deal with, the good news is that countermeasures are being taken in a decisive way, the bad news is that nor...
Russia’s Crude Oil Shipments to Crucial Asian Markets Falter
(Bloomberg) — Russia’s seaborne crude exports in the seven days to July 1 rebounded from the previous week’s plunge, but shipments to Asia are slipping, even as flows are diverted to the country...
Big Insider Buys of Oil and Solar Stocks Are Plays on Russia Sanctions
Text size Crude-oil storage tanks at a Plains All American Pipeline facility. Angus Mordant/Bloomberg Insiders have snapped up stock of two companies whose prospects have brightened due to Russia’s in...
Oil Swings as Traders Grapple With Recession Concerns, Demand
(Bloomberg) — Oil fluctuated as investors weighed concerns that a global slowdown will erode demand against still-solid physical market signals. Most Read from Bloomberg West Texas Intermediate ...
Smart Airlines Are Saving Billions Thanks To Oil Price Hedging
Commodity price hedging is a popular trading strategy frequently used by oil and gas producers as well as heavy consumers of energy commodities such as airlines to protect themselves against market fl...
Iran Slashes the Cost of Its Oil to Compete With Russia in China
(Bloomberg) — Iran is being forced to discount its already cheap crude even more as a top ally gains a bigger foothold in the key Chinese market. Most Read from Bloomberg China has become an imp...
Biden Interior Dept offers option for new oil leases in Gulf of Mexico
An oil and gas drilling platform stands offshore as waves churned from Tropical Storm Karen come ashore in Dauphin Island, Alabama, October 5, 2013. Steve Nesius | Reuters The Biden administration rel...
JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut
(Bloomberg) — Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts...
Putin Seizes Control Over Major Gas And Oil Project From Foreign Investors
Topline President Vladimir Putin has seized control of a major gas project in Russia’s far east—a move that could force foreign investors to abandon the project—shocking already skittish energy market...
EPA Targets Permian Basin, Widening Biden’s War On Oil And Gas
WASHINGTON, D.C. – APRIL 22, 2018: A flag with the United States Environmental Protection Agency … [+] (EPA) logo flies at the agency’s headquarters in Washington, D.C. (Photo by Rob...
The S&P 500 Had Its Worst First Half Since 1970. What the Second Half Holds.
The S&P 500 has posted its worst first half of a year since Richard Nixon’s presidency, and many investors worry it has yet to hit bottom. In the first six months of 2022, the widely followed larg...
Energy Crushes Tech In First Half
385757 10: A winter sunrise surrounds an oil well in the South Cuyama Oil Field February 16, 2001, … [+] near New Cuyama, CA in Santa Barbara County. In recent months, the state Coastal Commissi...
Russia Muscles In on Indian Oil Market at Expense of OPEC Titans
(Bloomberg) — Watch out Iraq and Saudi Arabia, Russia is making huge inroads into the Indian oil market and has quite possibly become the largest supplier to the giant Asian buyer. Most Read fro...
Two Stocks To Watch As The Oil Industry Battles A Water Crisis
The era of casually disposing of water of any type is coming to an end. Water resources, particularly “fresh” water, are moving up the value chain. A resource most of us have taken for gra...
Oil Markets Could Face A Doomsday Scenario This Week
Global oil markets are going to be very volatile in the coming months if news emerging from OPEC’s main producers about production capacity constraints turns out to be true. OPEC will be meeting again...
ExxonMobil chief predicts continuing surge in oil markets
ExxonMobil’s chief executive predicted a resurgence of investment in fossil fuel production as he blamed soaring oil and gas prices on pressure to move to cleaner energy at a time of relentless demand...
ExxonMobil Is Holding Gains As Crude Oil Rallies. Here’s How To Trade The Stock.
(Photo by Kena Betancur/VIEWpress) Corbis via Getty Images ExxonMobil (XOM) broke out above its 50-day simple moving average as 2022 began. This happened after the stock was below its 200-day simple m...
Morgan Stanley Investment Head Sees Hidden Inflation Threat In Dollars And Commodities
As investors wonder when inflation will begin to abate, Morgan Stanley CIO Lisa Shalett is looking … [+] at the relationship between dollars and commodities for the answer. Getty Images Investor...
This veteran money manager has seen it all. And these 19 dividend stocks pass his rigorous quality screen right now.
Lewis Altfest’s time in the finance industry spans seven decades. He has some words of advice for investors who aren’t used to stomach-churning stock-price moves. He founded Altfest Personal Wealth Ma...