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Tag: Oil
Russia Is Now Willing to Trade Oil for Bitcoin
The economy in Russia isn’t doing too well. Not long ago, the ruble – the national currency of Russia – experienced a massive drop that saw many people turning to crypto as a means of keeping their we...
How would the economy handle $200 oil? Here’s what one simulation found
Oil has been one of the most volatile assets since the Russian invasion of Ukraine as traders balance the impact of sanctions with both the likelihood of increased production elsewhere and the possibi...
Dow Jumps 300 Points, Oil Prices Fall After Ukraine-Russia Ceasefire Talks—But War Still Poses ‘Unsettling’ Risk For Stocks
Topline The stock market climbed for a fourth straight day Tuesday morning as promising geopolitical developments helped bolster investor sentiment and drive gains in recently struggling technology st...
Oil Ends Down 7% on China; Falls More as Russia Said to Drop ‘Denazification’
By Barani Krishnan Investing.com — Crude prices tumbled on Monday on China’s unexpected lockdown of its Shanghai financial hub over a Covid scare and extended losses in post-settlement after the...
Oil Prices Drop As China Initiates Biggest Covid Lockdown In 2 Years
Crude oil prices started the week with a decline in response to the start of a lockdown in Shanghai due to the high number of Covid infections, rekindling concern about the loss of oil demand in the w...
OPEC Assurances That It Will Help To Dampen Down Oil Prices Are Worthless
Key Highlights OPEC’s and OPEC+’s commitments to dampen oil prices are meaningless OPEC leader Saudi Arabia itself has long overstated its oil capabilities OPEC and Saudi Arabia have reaffirmed suppo...
Russia Open to Accepting Bitcoin in Exchange for Oil, According to Energy Commissioner: Report
A high-ranking Russian official says that the nation is considering accepting Bitcoin (BTC) as payment for its fuel exports. According to a new report by the BBC, Zavalny, who is the Chairman of Russi...
Oil and Gas Giant ExxonMobil Turns to Bitcoin (BTC) Mining To Reduce Wasted Energy: Report
Top US-based fuel producer ExxonMobil is reportedly mining Bitcoin (BTC) in an effort to cut down on wasted energy. According to a CNBC report, ExxonMobil has partnered up with Denver-based energy com...
Are Commodities Right For Your Retirement Portfolio?
getty Higher prices returned with a vengeance in 2021. During such bouts of inflation, commodities tend to do well. Last year the S&P Goldman Sachs Commodity Index (GSCI) earned 37.1%, far exceedi...
Russia offers Bitcoin payments for gas and oil
To cope with the collapse of the ruble and the sanctions imposed, Russia is considering accepting Bitcoin as a means of payment for gas and oil supplies. Russia proposes replacing local currency with ...
Oil Market Shows Optimistic Outlook For Energy Crisis
ARTEMIVSK, UKRAINE – FEBRUARY 19: Ukrainian soldiers who left Debaltseve yesterday prepare to return … [+] to support the further withdrawal of troops on February 19, 2015 in Artemivsk, Uk...
Why you should fear oil prices at $90, $100, $150, or $200: Morning Brief
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 Monday, March 28, 2022 Almost any direction you lo...
Will Opec increase oil output as Russia disruption lifts prices?
Will Opec boost oil output to counter Russia supply disruptions? In the oil market this week all eyes will be on Opec’s next ministerial meeting on Thursday, after G7 leaders called on the producer gr...
‘You can’t just turn on the taps’: bottlenecks hit hopes of US oil output surge
Shortages of staff and supplies are weighing on the recovery of US oilfields, derailing hopes that Texas drillers could unleash gushers of crude to help bring soaring global prices under control. The ...
Why The Ukraine War Won’t Crimp Green Investing
BlackRock CEO Larry Fink (Photo by Mat Szwajkos/Getty Images) Getty Images BlackRock leader Larry Fink has sounded a call to corporate America to commit itself to net zero—that is, eradicating its car...
Surging Oil Prices Could Spark A Global Recession
The already month-long Russian war in Ukraine has upended analyst outlooks of the global economy this year. Forecasts quickly shifted from a robust post-COVID rebound to rising chances of a full-blown...
U.S. Oil Companies Have Increased Drilling By 60% In One Year
ODESSA, TEXAS – MARCH 13: A statue of a pumpjack and drilling rig sits next to a gas station in a … [+] city located in the Permian Basin oil field area on March 13, 2022 in Odessa, Texas....
USD/CAD Rebounds Amid Softening Oil Prices
Insights The dollar weakened due to increased expectations for Fed tightening policy U.S. Benchmark Treasury yields surged amid more aggressive Fed expectations Gold and silver prices edged lower as i...
Oil rises after reported strike on Saudi oil facility, with global prices up nearly 12% for the week
Oil futures finished higher on Friday, giving up earlier declines and boosting global prices by nearly 12% for the week, after reports of an attack on an oil facility in Saudi Arabia renewed concerns ...
Opinion: The economy is in much better shape than the headlines would tell you
Inflation is through the roof. There’s an oil crisis. A looming food crisis. You name it. War is raging in Europe. Russia’s president is starting to sound unhinged. And headlines are now linking him w...
The West Can’t Decide Who Rules Russia But It Can Choose Where To Buy Its Oil, Gas, And Uranium
A tanker moored in a gas and oil dock at the Port of Constanta in Constanta, Romania, on Tuesday, … [+] March 22, 2022. Ukrainian ports have been shut since Russia’s invasion leading deman...
Mission Impossible: Predicting The Oil Market
It’s been another very busy week for oil and gas markets as Putin threatened European gas imports, a storm knocked a major oil pipeline offline, and a Saudi oil terminal came under missile attac...
Signs Start to Emerge That High Energy Prices Are Sapping Demand
Text size Vehicles heading east out of Los Angeles. Vehicle miles traveled in California are starting to flatten out as gasoline prices remain high. Frederic J. Brown/AFP via Getty Images Oil prices h...
Oil Will Still Dominate The U.S. Energy Market In 2050
Despite the fact that renewables will be the fastest-growing energy source in the United States over the next three decades, petroleum and natural gas will remain the most-consumed sources of energy i...
Russia could accept Bitcoin payments for oil and gas
Bitcoin payments are becoming one of the most preferred options for everyone since the lightning network has been introduced. Many around the world are willing to pay in BTC for their daily purchases....
Opinion: What would it take for U.S. oil companies to ramp up production? A lot.
Even with oil prices above $100 a barrel and gas prices averaging over $4 a gallon at the pump, frackers show little interest in ramping up output. Companies including Devon Energy DVN, +1.56%, EOG Re...
Our Days As An Oil Exporter Are Limited, And So Are Dreams Of Energy Independence
Loren Steffy, UH Energy Scholar PORT ARANSAS, TEXAS – MAY 27: In this aerial drone view from a drone, a petroleum tanker ship passes … [+] through the Aransas Channel from the Gulf of Mexi...
Phillips 66 and Other Underperforming Energy Stocks That Might Be Worth a Look
Text size Storage tanks at the Phillips 66 refinery in Rodeo, Calif. Refiners have not reaped the same benefits as oil producers in the past year. Justin Sullivan/Getty Images Energy stocks have been ...