Oil prices tumbled on Monday, amid fresh worries that spreading COVID cases and more lockdowns in China will hurt demand. That has added to concerns that Federal Reserve tightening could also weaken p...
Tag: Oil
Why Are Big Oil Execs Dumping Millions Of Dollars Worth Of Stock?
Senator Elizabeth Warren and her fellow Big Oil critics may have finally got some literal proof that the oil industry benefits directly from the imbalance of supply and demand: Big Oil executives are ...
If Oil Companies Control Prices, Why Do They Ever Lose Money?
Prices for a gallon of gasoline are posted on the sign of an Exxon gas station Monday, March 7, … [+] 2022, in the Capitol Hill neighborhood of Washington. (AP Photo/Alex Brandon) ASSOCIATED PRE...
China’s Oil Demand Is Tumbling the Most Since Wuhan Lockdown
(Bloomberg) — China is heading for the largest oil demand shock since the early days of the pandemic as the nation’s efforts to tame a rapidly spreading virus hobbles vast swathes of the economy...
Why aren’t US oil producers drilling more as prices rise? — Quartz
In a free market, the saying goes, high prices cure high prices. If some good or service costs a lot, people will see an opportunity to make money producing more of it, thus driving down the price. Re...
Understanding Oil ETFs
Oil has been in the headlines for all the wrong reasons lately. The tragic war between Russia and Ukraine has caused oil to surge this year, pushing prices at the gas pump to record highs. The bullish...
U.S. Energy Executives Cash In on Oil Boom With Stock Sales
(Bloomberg) — If stock sales are anything to go by, the heads of some of the largest U.S. oil and gas companies may be signaling that this year’s boom in energy shares is limited. Most Read from...
Crude oil price outlook as supply and demand concerns persist
Crude oil price has edged higher in early Thursday trade even as it remains within a horizontal channel. As at , WTI futures, the time of writing, the benchmark for US oil, was at $103.36; up by 0.93%...
Kerry Praises Europe As ‘The Lead On The Planet’ For The Energy Transition
GLASGOW, SCOTLAND – NOVEMBER 04: Secretary John Kerry, U.S. Special Presidential Envoy on Climate, … [+] launches the First Movers Coalition, the green initiative announced at COP26 by Pre...
Russia Offers Oil in a Rush, Hinting at Longer-Term Trade Impact
(Bloomberg) — Russia’s state oil producing giant Rosneft PJSC surprised traders in Europe and Asia with offers to sell large amounts of crude at speed, as well as setting out significant changes...
Why It’s Not Too Late To Buy Oil Stocks
Working oil pumps against a sunset sky. getty If you’ve sat out oil stocks until now, it’s easy to think you missed the boat. After all, oil’s big run has sent shares of producers (and pipeline operat...
Plug Power Snags Walmart Fuel Deal As Green Hydrogen Revs Up Amid Oil Price Spike
Plug Power plans to supply Walmart with as much as 20 tons of liquid hydrogen per day made from water and renewable electricity. Plug Power There’s been a flurry of plans from big manufacturers and st...
Oil Service Stocks Are Gaining Steam. These Are the Ones to Watch.
Text size Prices and margins are improving for companies like Haliburton. Dreamstime Oil services and equipment companies slimmed down after the last oil bust, and that’s left them looking lean as oil...
Biden’s Revival Of Oil Leasing Program Plays To Mixed Reviews
WASHINGTON, DC – OCTOBER 08: U.S. President Joe Biden hands a pen to Secretary of the Interior Deb … [+] Haaland after signing an executive order to expand the areas of three national monu...
The Oil Market After The War
TOPSHOT – Ukrainian servicemen get ready to repel an attack in Ukraine’s Lugansk region. (Photo by … [+] Anatolii STEPANOV / AFP) (Photo by ANATOLII STEPANOV/AFP via Getty Images) AF...
Is the Stock Market Open Today? Here Are Hours for Easter Monday 2022.
Text size Dreamstime U.S. investors eager to trade after the holiday weekend will have plenty of news to digest, thanks to corporate earnings. More than 100 companies are slated to report this week—an...
Oil Jumps as Week Opens on Libyan Disruption, Russian Warning
(Bloomberg) — Oil rose as supplies from Libya were interrupted and Russia warned of the potential for record prices if more nations ban its energy. Most Read from Bloomberg West Texas Intermedia...
U.S. Futures Dip as Oil, Gas Rise; China Data Loom: Markets Wrap
(Bloomberg) — Asian stocks look set for a muted open Monday before Chinese economic data that may shed light on the impact of Covid lockdowns. Natural gas and oil prices rose on risks stemming f...
U.S. Stocks Poised for a Lower Open on Monday
U.S. stock markets are poised for a subdued open on Monday. Michael Nagle/Bloomberg Text size U.S. stocks are set for a lower open on Monday. On Sunday night, Dow Jones Industrial Average futures fell...
Russia’s Oil Industry Is Suffering As The West Shuns Its Crude
Russia’s oil industry—a vital source of budget revenues—is already showing signs of slowdown as Western buyers shun Russian oil while Moscow struggles to replace lost sales in the West with sales in e...
Chinese Demand Destruction Counters The Risk Of A Russian Oil Ban
While lockdowns in China are causing significant demand destruction and adding downward pressure to oil prices, the EU’s threat to ban Russian oil imports has the potential to send prices signif...
Indian Backdoor for Russian Oil Weakens Calls for European Ban
(Bloomberg) — Growing calls for the European Union to ban Russian oil imports may be overlooking a crucial flaw in its strategy to punish Moscow: India. Most Read from Bloomberg The South Asian ...
WTI crude oil price prediction: bulls remain in control while above $90
Inflation is on everyone’s mind lately. The prices of goods and services spiraled higher lately, fueled mainly by the monetary and fiscal policies in reaction to the COVID-19 pandemic and now by the R...
Crude oil price outlook amid the ongoing supply/demand imbalance
Crude oil price has eased on its rebound while holding steady above the critical level of $100 per barrel. At the time of writing, Brent futures were at $107.49, down by 1.19%. At the same time, WTI f...
Climate Activists Renew Pressure On ‘Devastating’ East African Oil Pipeline
Star Ugandan climate activist Vanessa Nakate has spoken out against a major crude oil pipeline being … [+] developed in Uganda and Tanzania. dpa/picture alliance via Getty Images A huge crude oi...
12 Oil & Gas Favorites To Power Your Portfolio
Oil rig silhouette over orange sky getty From value specialists to momentum traders, there is a notable shift among newsletter advisors to boost their portfolio exposure to the oil and gas sector. Wit...
Exxon Bets Another $10 Billion On Guyana’s Oil Boom
The deeply impoverished South American microstate of Guyana, which was rocked by the COVID-19 pandemic, finds itself at the epicenter of the continent’s latest mega-oil boom. Since 2015, ExxonMo...
Which Oil Giant Stands To Lose The Most In The Exodus From Russia?
Executing a plan some eight years in the making, Russia invaded Ukraine at the end of February 2022. So savage, and indiscriminate was this attack that comparisons with the worst of World War II are b...
Dow Jones Falls As Inflation Hits 40-Year High; This Warren Buffett Stock Spikes As Oil Jumps
The Dow Jones Industrial Average saw early gains fade as inflation hit a 40-year high. Energy plays such as Warren Buffett stock Occidental Petroleum (OXY) spiked higher as the cost of oil rose again....
This is how much you made if you bought into the oil crash 2 years ago
If you want to retire rich, the late, great Dan Bunting has some advice for you. “Always buy the market (i.e., stocks or even just the index) after a spectacular bankruptcy,” my old friend Bunting, a ...