(Bloomberg) — Indian refiners that are among the few remaining eager buyers of Russian oil are baffled as to why they’re paying nearly full cost for cargoes that are being offered at record disc...
Tag: Oil
HighPeak Energy is an aggressive oil play that could pay off
CNBC’s Jim Cramer on Tuesday said that investors bullish on oil should consider betting on HighPeak Energy. “If you believe the price of oil can stay elevated here, possibly because the wa...
Chipotle, PG&E, Marathon Oil and CarMax
A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, U.S., on Monday, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies maki...
Inflation Hits 40-Year High—Spiking 8.5% In March As Ukraine Invasion Fuels Oil Prices
Topline Consumer prices rose 8.5% in the 12 months ending in March, according to data released Tuesday by the Labor Department, climbing at the quickest pace in four decades following an unprecedented...
Jump In Methane Emissions That Fingers Big Oil — But Wait, Not So Fast.
Extracting oil from wells in the Permian Basin near Midland, Texas. Getty Images The methane bugaboo began around 2003 when a mysterious cloud of methane gas was found, by satellite, hovering above Fa...
Rerouting Russian Oil Would Require Dozens Of Supertankers — That Don’t Exist
Tankers gather off the coast of Thailand. Getty Before its war in Ukraine, Russia was producing about 11 million barrels per day of crude petroleum, about 10% of global demand. Since then, amid sancti...
Bitcoin Miner Crusoe Mostly Not Affected by North Dakota Oil Site Explosion
Crusoe Energy, which recently was recognized for its “innovative” solution to generating energy by the World Bank’s Global Gas Flaring Reduction Initiative report, has several sites across the U.S., i...
Oil drops, Brent crude falls below $100 as China lockdowns spark demand fears
Oil pumping rigs are situated next to a vineyard of table grapes as viewed on July 8, 2021, north of Bakersfield, California. George Rose | Getty Images Oil prices slid Monday, accelerating two straig...
Russian Oil Exports Are Forced on Longer Voyages to Find Buyers
(Bloomberg) — Russia’s crude oil exports, a key source of revenue for Vladimir Putin’s regime, are showing no signs that they are starting to crumble amid the disappearance of European buyers. M...
Constellation Brands and Murphy Oil Raised Their Dividends This Week
Text size This week was a slow one for dividend increase announcements. Freeze Frames/Dreamstime.com Constellation Brands and Murphy Oil were among the small number of companies that declared dividend...
Bearish News Is Mounting For Oil
Oil prices remained fairly stable this week, with ICE Brent balancing slightly above the $100 per barrel mark. Fears of Russian supply disruptions were temporarily put on the back burner by the vast I...
Dow Jones Gains; Tesla Stock Falls Despite This Elon Musk Boast; Oil Play Gushes| Investor’s Business Daily
The Dow Jones Industrial Average advanced while the Nasdaq gave up ground as the stock market split. Tesla (TSLA) fell despite CEO Elon Musk making a boast and a bullish Wall Street call. Epam Systems...
High Inflation Creates A Portfolio Crisis
NEW YORK, March 18, 2020 — A trader works on the floor of the New York Stock Exchange in New York, … [+] the United States, March 18, 2020. U.S. equities ended Wednesday’s volatile session...
Shell’s 13-Year Journey From Discovery to First Oil Shows Why U.S. Output Is Flat
(Bloomberg) — Questioned by U.S. lawmakers this week, chief executives from the nation’s biggest oil companies took great pains to explain why they haven’t raised production fast enough to tame ...
South America’s Newest Oil Boom Is Gaining A War Time Boost
President Joe Biden’s decision to ban Russian energy imports to the U.S. is boosting the outlook for South America’s newest oil-producing nation Guyana as well as neighboring Suriname. The deeply impo...
$4.2 Billion Deal to Create Oil Tanker Giant
(Bloomberg) — Frontline Ltd. and Euronav NV are considering an all-stock merger that would produce the world’s biggest tanker fleet, just as Russia’s invasion of Ukraine drives a recovery in the...
Canada, Not Russia, Now Leading U.S. Importer Of Refined Petroleum Products
After two years with Russia on top in the value of U.S. imports of refined petroleum products, … [+] Canada is running ahead of Russia through February. ustradenumbers.com Canada now leads Russi...
It’s ‘very unfair to blame President Biden,’ says oil analyst
Oil executives on Capitol Hill defended their companies as Democratic lawmakers launched accusations of price gauging at the pump during a hearing hosted by the House Committee on Energy & Commerc...
Senate Unanimously Passes Russian Oil And Gas Ban After Biden’s Executive Order
Topline The Senate on Thursday passed a bipartisan bill to ban Russian energy imports, building on an executive order signed by President Joe Biden last month and adding to a slew of retaliatory measu...
Shunned Oil Piling Up Off China as Virus Outbreak Worsens
(Bloomberg) — Tankers carrying 22 million barrels of Russian, Iranian and Venezuelan oil are piling up off China, according to Kpler, as the country battles a virus outbreak that’s sapping deman...
Big Oil execs on why they can’t make consumer costs go down
Oil executives told lawmakers on Wednesday they can’t take away the pain consumers are feeling at the pump. “We do not control the market price for crude oil or natural gas or refined products l...
Shell Faces $5 Billion Hit For Leaving Russia As Energy Sector Braces For Fallout Of Putin’s Invasion Of Ukraine
Topline British energy giant Shell on Thursday said it expects to take a hit of up to $5 billion in the first quarter of 2022 following its decision to leave Russia, one of the first indications of th...
Big Oil isn’t as rich as everybody thinks
With inflation crimping family budgets, some politicians want to punish the big companies cashing in. So naturally, they’re targeting tech firms, banks and pharmaceutical companies. Oh wait, that’s no...
Bitcoin and Stocks Dip on Fed and Russia Oil Sanctions Speculation – Trustnodes
Bitcoin fell just below $44,000 on line with Nasdaq and other stocks that are seeing red for the past two days after a green Monday opening. Bitcoin started falling on Tuesday from $47,000, with it co...
U.S. Imports, Exports Jump 20% To Shatter 2021 Records
The price of a barrel of oil is a major factor in record overall export and imports thus far in … [+] 2022. AFP via Getty Images U.S. trade is up more than 20% over the 2021 record pace, accordi...
Cancellation Of Keystone XL Comes Back To Haunt America
“keystone pipeline protestors in silhouette with man holding ‘NO XL’ sign, panoramic frame (XXXL)” getty The Wall Street Journal carried a report on Tuesday detailing meetings ...
Speculation Mounts on Cutting Off Russian Oil – Trustnodes
Europe and Russia stand on the brink of a generational rapture as EU ambassadors meet tomorrow with new sanctions to be announced. Coal is banned, the EU commission president, Ursula von der Leyen, sa...
Saudi Arabia Hikes Oil Prices Further Into Record Territory
(Bloomberg) — Saudi Arabia raised oil prices for customers in all regions as Russia’s invasion of Ukraine continues to reverberate through markets. Most Read from Bloomberg State producer Saudi ...
Fuel Dictators And Climate Change, Or Help Americans Drive Electric
President Biden’s brave decision to halt Russian oil and natural gas imports in response to the unprovoked Ukraine invasion shows the United States stands in solidarity with democracies everywhere. Bu...
Why Schlumberger and Other Oil Services Firms Are Early in Their Comeback Story
Text size Schlumberger well service trucks. A Piper Sandler analyst thinks Schlumberger stock could rise 29%. Dreamstime Companies producing and selling oil have been the most prominent beneficiaries ...