Satellite image of the FSO Safer tanker moored off Ras Isa port, in Yemen, on June 17, 2020. Image … [+] (c) 2020 Maxar Technologies. DigitalGlobe/Getty Images Efforts to prevent a devastating o...
Tag: Oil
The Real Reason Behind Higher Oil And Gasoline Prices
(From R) Saudi Arabia’s Energy Minister Khalid al-Falih, Russia’s Energy Minister Alexander Novak, … [+] Kuwait’s Oil Minister Essam al-Marzouk and OPEC Secretary General Moham...
ExxonMobil Does Not Control Oil Or Gasoline Prices
FILE – The logo for ExxonMobil appears above a trading post on the floor of the New York Stock … [+] Exchange, Oct. 8, 2019. ExxonMobil is restructuring its business into three divisions a...
How To Play Suriname’s Oil Boom
The South American country of Guyana is undergoing rapid development as a result of a string of offshore oil discoveries by ExxonMobil, NYSE:XOM). Announcements by the company since 2017 have added mo...
Why This Oil Analyst Says Gas Prices May Head Even Higher, And What Will Bring Them Back Down
Matt Smith is the Lead Oil Analyst at Kpler, which is a leading provider of intelligence solutions for commodity markets. Benzinga had the opportunity to interview Smith and ask some questions regardi...
Oil Bulls See China’s Comeback Pushing Prices Even Higher
(Bloomberg) — Oil bulls are starting to picture a world in which China, the engine of demand growth, comes back to the market. Most Read from Bloomberg And if their analysis is right, the summer...
Dan Yergin Talks Oil, Gas, Putin, And Living His Book, ‘The New Map’
Dan Yergin, vice chairman of S&P Global, during a Bloomberg Television interview on day three of the … [+] World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, May 25, 2022. Photo...
Saudis Cut Oil Flows to China While Meeting Other Requests
(Bloomberg) — Most Read from Bloomberg Saudi Arabia will provide some Chinese buyers with less crude than they asked for next month, while fulfilling requests from many other customers in Asia a...
The world must brace itself for a further surge in oil prices
JPMorgan’s chief executive Jamie Dimon thinks oil prices could surge to $175 a barrel later this year. Jeremy Weir, the head of commodity trader Trafigura, says oil could go “parabolic”. Energy Aspect...
Oil prices could go ‘parabolic,’ putting global economy in ‘critical situation,’ says Trafigura chief
“‘We have got a critical situation. I really think we have a problem for the next six months. … [O]nce it gets to these parabolic states, markets can move and they can spike quite a lot.’” — Jeremy We...
How oil holds the key to whether the stock market has bottomed
They say Helen of Troy is the face that launched a thousand ships. Well, the question “have we bottomed yet?” has launched a thousand articles. Or it feels that way, at least. Sometimes humans have a ...
As oil prices surge, the Dow is missing ExxonMobil
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, June 9, 2022 Today’s newsletter is...
Jim Cramer says oil is the ‘only dip that can be bought right now’ — here are 3 blue-chip energy stocks that also provide healthy yields as high as 7.8%
Jim Cramer says oil is the ‘only dip that can be bought right now’ — here are 3 blue-chip energy stocks that also provide healthy yields as high as 7.8% With the market down double-digits in 2022, a l...
Exxon Mobil Shares Hit All-Time High As Oil And Gas Prices Keep Surging With No End In Sight
Topline Shares of energy giant Exxon Mobil surged to a new all-time high on Wednesday, continuing a stellar run this year on the back of rising oil and gas prices, which analysts warn could remain ele...
Warning Signs For The Next Oil Price Crash
Garden Grove, CA – March 07: High gas prices at stations on the corner of Valley View Street and … [+] Chapman Avenue in Garden Grove, CA, on Monday, March 7, 2022. (Photo by Jeff Gritchen...
Russia, Ukraine Both Suffer Worst April In Two Decades For U.S. Trade
Newly released U.S. Census Bureau data shows that in looking at the month of April over the last two … [+] decades, both Russia and Ukraine suffered the steepest losses from March this year. Apr...
$150 oil won’t cripple economy, market: J.P. Morgan’s Marko Kolanovic
J.P. Morgan’s Marko Kolanovic predicts oil is surging higher — but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believ...
Russia Could Replicate Iran’s Strategy To Skirt Oil Sanctions
The ban by the European Union (E.U.) on Russian oil imports by sea, in the first instance, is likely to affect around 75 percent of Russia’s crude oil delivery to the bloc, with this figure rising to ...
Are Oil Stocks Due For A Correction?
Crude oil prices have eased past $120/bbl to their highest levels in three months after Saudi Arabia raised the official selling price of its Arab light crude to Asia. Energy traders remain largely bu...
$140 oil is ‘the level to watch as a recession indicator’: DataTrek
A sustained high price for crude oil could tip the economy into a recession, researchers at DataTrek warned in a new note on Tuesday. “We still believe $140/barrel is the level to watch as a rec...
Jim Cramer Says Buy Any Dip in Oil Stocks; Here Are 3 Names Analysts Like
Stocks have sold off heavily since the start of this year, with a 14% decline in the S&P 500 and a bearish 22% drop in the NASDAQ. But while the selloff is broad-based, it’s not affecting everythi...
For First Time, U.S. Imports Topped $1 Trillion In 4 Months, New Data Shows
As oil prices have risen so too have gasoline prices, leading to higher inflation for U.S. … [+] consumers. Getty Images U.S. trade topped $1 trillion in the first four months of the year, accor...
Oil Shock Devastates Poorer Nations as Shortages, Protests Mount
(Bloomberg) — Developing nations are suffering the biggest hit from this year’s oil shock. Many are dependent on imported fuel and are being crushed by a combination of high international prices...
Gas prices surge again to record high but the driver is refineries, not oil prices
Another week, another record high for gas prices. And there seems to be no immediate relief in sight. The average price for regular unleaded gas surged by a quarter in the past week to a record $4.86 ...
Saudi Arabia is increasing supply — so why is the oil price holding firm?
The price of oil has barely budged since Saudi Arabia and allied producers agreed to start pumping more quickly. The Brent crude contract for August delivery settled at $119.51 a barrel on Monday — hi...
Russian oil and gas: headed for long-term decline?
Boasting a quarter of the planet’s gas reserves and more than 5 per cent of its crude oil, Russia’s economy has long been dominated by the energy sector. As the country’s isolation intensifies followi...
Oil Tanker Stocks To Watch As Shipping Rates Soar
Market experts consider rising inflation and the Ukraine crisis as the two biggest market risks this year. Runaway inflation has been corroding asset values, limiting buying power and eating away at c...
Exxon Gets an Upgrade, but Analyst Takes ‘Chips Off Table’ for 2 Other Oil Stocks
Text size Gas prices are displayed on a pump at an Exxon gas station in Washington, DC, on May 24, 2022. Stefani Reynolds / AFP via Getty Images Energy stocks have emerged winners in this period of vo...