(Bloomberg) — Oil’s rally fizzled following a report that OPEC members are exploring the idea of exempting Russia from its oil-production deal, which could open the door for other producers to p...
Tag: Oil
These charts show Russia’s invasion of Ukraine has changed global oil
European Union leaders reached an agreement this week to ban the majority of Russian crude oil and petroleum product imports, but nations were already shunning the country’s oil, altering global...
OPEC Reportedly Discusses Exempting Russia From Oil Targets—Possibly Setting Stage For Boost In Output
Topline Members of the Organization of the Petroleum Exporting Countries may exempt Russia from an agreement to gradually boost oil production, the Wall Street Journal reported Tuesday, possibly freei...
Oil Prices Rise After EU Announces Partial Ban On Russian Imports
Topline Global crude oil prices rose on Tuesday after the European Union unveiled its latest set of sanctions against Russia, which include an immediate ban on two-thirds of all Russian oil imports by...
Oil stocks enjoy broad rally as crude prices jump, with Exxon Mobil at an 8-year high and Chevron at a record
The energy sector is on track to enjoy a unanimous rally Tuesday, as the European Union’s ban on Russian oil has sent crude oil futures surging. The SPDR Energy Select Sector ETF XLE, +1.00% ral...
Europe’s Move Against Putin’s Oil May Be Its Last for a While
(Bloomberg) — European Union leaders overcame weeks of division to clinch a deal on partially banning Russian oil, but calls to target one of Putin’s other big moneymakers, gas, are opening new ...
Russia Reacts To EU’s Partial Oil Ban
Topline Russian officials on Tuesday dismissed the European Union’s partial ban on oil imports from the country as part of a new wave of sanctions, while leaders in the regional bloc acknowledged they...
Europe Bans 90% of Russian Oil – Trustnodes
Oil prices have risen another 3.5% to $123.70 for brent crude oil as the European Union finally moves to ban most Russian oil. Russian oil imports that arrive from the sea, accounting for 2/3rd of all...
China a ‘very important customer’, says Saudi Arabia, as global oil supply worries grow
Saudi Arabia is committed to supplying crude oil to China and interested in collaborating with the world’s No 2 economy on issues ranging from climate change to curbing inflation, says the Gulf ...
Electric Trucks Can Fight Inflation – And Petro-State Dictators Like Putin
Electric truck being charging at charging station. 3D rendering image. getty Russia’s invasion of Ukraine has cost tens of thousands of lives and produced a stream of devastating images documenting th...
EU Leaders Back Push to Ban Most Russia Oil Over Putin’s War
(Bloomberg) — European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the in...
Stocks Seen Steady Amid Inflation Woes; Oil Jumps: Markets Wrap
(Bloomberg) — Stocks in Asia are poised to open steady Tuesday as investors remain cautious about whether central banks can raise interest rates to rein in inflation without derailing growth. Oi...
Crude Oil Price Forecast – Crude Oil Markets Continue to Power Higher
WTI Crude Oil Technical Analysis The West Texas Intermediate Crude Oil market has rallied again during holiday trading on Monday, as we have seen further buying. That being said, liquidity was very th...
EU Struggling To Agree On Full Russian Oil Ban—Here’s Why
Topline Talks to impose a sweeping ban on Russian oil imports to the European Union have appeared to falter, with the bloc still discussing carve-outs that could effectively exempt countries like Hung...
EU Leaders Aim to Break Impasse Over Oil Ban With Unity at Stake
(Bloomberg) — European Union leaders intend to give their political backing to a ban on Russian oil, paving the way for a possible agreement next month on a sixth package of sanctions targeting ...
Mexico Fuel Subsidy Is Now Costing More Than Oil Export Profits
(Bloomberg) — Mexico’s gasoline and diesel subsidies are now costing the government more than double the extra profit the oil producer gets from higher crude prices, according to estimates by Bl...
Oil Prices Rally Despite Strong Dollar
These are rocky times for most investments. The S&P 500 and Nasdaq have each fallen for seven consecutive weeks while the Dow Jones Industrial Average has fared even worse, dropping for eight week...
Why The West Shouldn’t Expect More Oil From Saudi Arabia
In December 2016, OPEC, Russia, and several other non-OPEC producers sealed a historic deal. For the first time in 15 years, there would be oil production cuts. At the time, RBC’s Helima Croft said Sa...
War surges Norway’s oil, gas profit. Now, it’s urged to help
Europe’s frantic search for alternatives to Russian energy has dramatically increased the demand — and price — for Norway’s oil and gas. As the money pours in, Europe’s second-biggest natural gas supp...
An Export-Import Primer For First Meeting Of Brazil’s ‘Snubbed’ Bolsonaro, Biden
U.S. Brazil trade snapped the 2012 record in 2021 and is on track to break that record in 2020, as … [+] this chart comparing the month of March for the last decade shows. ustradenumbers.com Des...
Russia Sends Record Volumes Of Oil To India, China
While Europe shuns Russian oil amid sanctions and expectations of an oil embargo on Russian oil imports, India and China have stepped up purchases and are importing record volumes of Russian crude, ac...
Biden Administration Seeks Restart Of Idled Oil Refineries
The federal government is seeking to get the oil industry to restart idled refineries, Bloomberg has reported, citing an unnamed source. According to the source, officials, including members of the Na...
Dow Jones Rises 564 Points; Macy’s Stock Soars On Earnings Beat; These Oil Stocks Break Out
The Dow Jones Industrial Average traded near session highs Thursday afternoon, adding to its strong close on Wednesday. The major indexes are on track to close out the week higher. X On Thursday, new ...
UK Oil Windfall Tax Prompts BP to Review Investment Plans
(Bloomberg) — BP Plc said it will look again at its plans in the UK, raising questions about whether a £5 billion windfall tax on oil and gas profits announced by the government included enough ...
TotalEnergies, Equinor, and Other Oil Companies With Attractive Dividends
Equinor, TotalEnergies, and Repsol are up sharply this year—but their solid dividend outlooks make them worth hanging onto. Even Kleppa/Oyvind Gravas, Woldcam AS Text size Some of Europe’s lesser-know...
Three Factors That Will Favor Bitcoin Vs Crude Oil This Decade: Bloomberg’s Chief Expert
Yuri Molchan Bloomberg’s Mike McGlone bets on Bitcoin price versus crude oil this decade Chief commodity strategist of Bloomberg, Mike McGlone, has taken to Twitter to share his view on the trajectory...
Saudi Arabia Says It’s Done All It Can for the Oil Market
(Bloomberg) — Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Most Read from Bloomberg Saudi Arabia’s foreign minister said there’s nothing more the king...
Biden Says The Quiet Part About The Energy Transition Out Loud
US President Joe Biden speaks during a news conference with Japan’s Prime Minister Fumio Kishida, … [+] not photographed, at the Akasaka Palace in Tokyo, Japan, on Monday, May 23, 2022. Ki...