Topline The European Union is poised to ban Russian oil imports as part of a new wave of possible sanctions, European Commission president Ursula von der Leyen announced on Wednesday, marking the bloc...
Tag: Oil
Shale Giants Dump Oil Hedges as Losses Spiral Toward $42 Billion
(Bloomberg) — U.S. shale giants stung by billions of dollars in hedging losses are spending big bucks to ditch their positions in a risky bet that prices stay high. Most Read from Bloomberg Comp...
Can Brazil Help Fill The Supply Gap Left By The U.S. Ban On Russian Oil?
Since President Joe Biden floated the idea of banning oil imports from Russia in response to President Vladimir Putin’s invasion of Ukraine there has been considerable speculation as to which countrie...
Devon Energy, Diamondback Earnings Soar; Shale Oil Stocks Hike Payouts, Not Production
Devon Energy and Diamondback Energy (FANG) posted better-than-expected first-quarter earnings after the close Monday. Oil prices held above $100 a barrel, while natural gas prices are near their highe...
Crude oil price forecast ahead of the week’s influential meetings
Crude oil price is on a rebound while remaining range-bound ahead of two crucial meetings. While the Federal Reserve and the Organization of Petroleum Exporting Countries and its allies (OPEC+) have d...
The Inevitable Decline Of Russia’s Oil Industry
Despite the severe oil production cuts expected in Russia this year, tax revenue will increase significantly to more than $180 billion due to the spike in oil prices, Rystad Energy research shows. Thi...
Berkshire loves its oil stocks, but Goldman thinks another one is a better buy
Berkshire Hathaway recently bought billions of dollars worth of Chevron and Occidental Petroleum shares, but Goldman Sachs thinks another oil major is a better buy than both. The investment bank reite...
Germany Speeds Up Time Frame For Ending Russian Oil Dependence
Topline Germany could end its reliance on Russian oil by the close of summer, the country’s Federal Ministry of Economics and Technology reportedly announced Sunday, stepping up its previous timeline ...
Chevron to Ramp Up Output at Biggest U.S. Oil Field
(Bloomberg) — Chevron Corp. lifted its production target in North America’s biggest oil field in a sign that U.S. shale is responding to $100-a-barrel crude despite rising cost pressures and equ...
Big Oil Wants A Piece Of The Electric Vehicle Pie
Although electric vehicles (EVs) may appear to be the last thing the oil and gas industry would desire, energy firms are investing heavily in EV technologies, not wanting to miss out on new energy tra...
Want to invest in $100 oil? Read these tips and warnings from commodities legend Rick Rule before you dive in
Want to invest in $100 oil? Read these tips and warnings from commodities legend Rick Rule before you dive in Investing in natural resources can seem daunting for those just getting started. Whether y...
Buffett Laments Lack Of Good Investing Targets As Berkshire Reveals Big Bet On Oil
Topline Billionaire Warren Buffett said Saturday that he is struggling to find good ideas to invest in, echoing the sentiment in his annual letter to stakeholders in February, but his conglomerate Ber...
Europe Leads Bid To Cut Russian Oil Dependence By Lowering Speeds
lowering speed limits could significantly reduce dependence on imported oil and lower emissions and … [+] road crash deaths and injuries, according to the European Transport Safety Council. Gett...
Europe Inches Closer to a Ban on Russian Oil. Here’s What That Would Mean.
Europe will continue debating a ban on imports of Russian oil over the weekend. While such a deal is far from certain, the New York Times reported Friday that the European Union could approve a phased...
The Hazards Of Investing In $100 Oil: Part 2
The black hat fits JR Ewing in the TV series Dallas, 07/09/1985 (Part of the Independent Newspapers … [+] Ireland/NLI Collection). (Photo by Independent News and Media/Getty Images) Getty Images...
Suncor Energy is a buy, but be prepared to turn if oil prices peak, Jim Cramer says
CNBC’s Jim Cramer on Friday advised investors to pick up shares of Canadian oil producer Suncor Energy, but only if they’re confident oil prices will stay elevated. Cramer’s comments...
Chevron Earnings Just Miss Expectations, Despite Surging Oil Prices
Text size A Chevron petroleum storage tank Joe Raedle/Getty Images Chevron posted earnings that were slightly below analyst expectations for the first quarter. Chevron (ticker: CVX), the second-bigges...
Occidental, Devon, and 7 Other Energy Stocks That Look Particularly Cheap
Text size Energy stocks are undervalued, some analysts say. Callaghan O’Hare/Bloomberg Energy stocks were the S&P 500’s top performers last year, rising 48%. They’re leading the pack again i...
Oil Stocks: Exxon, Chevron Earnings Due With Crude Oil Above $100
Exxon Mobil (XOM) and Chevron (CVX) will report first-quarter earnings Friday as crude oil prices stabilize above $100. Oil stocks rose Thursday, with Exxon and Chevron stock near buy points. X Oil pr...
These 2 Oil Stocks Are ‘Top Picks’ Ahead of Earnings, Says Analyst
2022 has brought us crazy volatility and some serious cross currents in the commodities markets. Rising inflation is putting downward pressure on demand, but increased prices in commodities, especiall...
The Hazards Of Investing In $100 Oil: Part I
American actor Larry Hagman as J.R. Ewing, in the television series, ‘Dallas.’ (Photo by Hulton … [+] Archive/Getty Images) Getty Images Investors are always looking for ways to cash...
Here’s what convinced Warren Buffett to pile into this oil company
Warren Buffett is sitting pretty on Berkshire Hathaway’s investment in Occidental Petroleum (OXY) — up 91% this year. As investors grapple with a frustrating trading environment this year, one v...
Poland says Russia warned that natgas supply will stop on Wednesday
Russia will halt natural gas flows to Poland on Wednesday in an escalation in the standoff between Moscow and Europe over energy supplies and the war in Ukraine, according to news reports Tuesday. Rus...
Asian Buyers Trying to Back Out of Purchases of Russian Oil Grade
(Bloomberg) — Asian oil refiners are shunning a major export grade from the Russian Far East due to sanctions on a tanker company that ships the cargoes. Most Read from Bloomberg Buyers are now ...
Fuel Your Portfolio With These Three Petroleum Stocks
. Since the price of gas dropped below $2 per gallon at the beginning of the coronavirus pandemic, prices have been rising quickly as consumer demand returns to normal. The Russia-Ukraine conflict has...
Crude oil price outlook: demand concerns is no match for tight supplies
Crude oil price is on a rebound after dropping to a two-week low on Monday. Tight supplies have continued to buoy the market. Even so, demand concerns are weighing on prices. crude oil price Fundament...
How Oil And Gas Is Being Affected By Climate Change – Response To A Presentation In Mid-America.
A pumpjack siphons oil in the foreground of a wind farm near Sweetwater, Texas. Corbis via Getty Images Independence, Kansas, is a small conservative town in the heart of the USA. The area produced oi...
Biden reverses Trump move to open up more oil drilling in Arctic
A polar bear sow and two cubs are seen on the Beaufort Sea coast within the 1002 Area of the Arctic National Wildlife Refuge. U.S. Fish and Wildlife Service | Reuters The Biden administration on Monda...
Stock Futures, Oil Prices and Chinese Shares Fall
U.S. stock futures fell, oil prices declined and Chinese stocks suffered their worst selloff in more than two years as Beijing sticks to its zero-Covid strategy while faced with increasing cases in ma...