Russia’s list of gas buyers is shrinking. The US and the EU today (March 25) announced a deal for the US to supply Europe with at least 15 billion additional cubic meters of liquid natural gas (LNG) b...
Tag: Oil
BTC Surges to $45,000, as Russia Considers Accepting the Crypto for Oil & Gas – Market Updates Bitcoin News
Bitcoin moved past its $45,000 price ceiling, after it was reported that the Russian government was considering accepting it as payment for energies. The news sent BTC to a 24-day high, whilst ETH als...
Texas Survey Shows Why Oil Producers Aren’t Drilling More
Text size The Federal Reserve Bank of Dallas surveyed 141 oil and gas firms in the 11th Fed District, which includes Texas and parts of New Mexico and Louisiana. Spencer Platt/Getty Images Oil and gas...
Russian energy ministry could accept Bitcoin (BTC) for oil and gas
The energy chief at the Russian Federation, Pavel Zavalny, has announced that the country is considering accepting Bitcoin (BTC/USD) as a payment method to buy oil and gas. However, it would only appl...
Russia Approves Bitcoin Payments for Oil & Gas
Previous to sanctions, Russia’s restrictions on cryptocurrencies were inexorable, contrary to what is proposed now. The Chairman of the State of Duma Committee on Energy Pavel Zavalny said that Russia...
Cryptos Rise as Russia Mulls Bitcoin for Oil Payments; Dogecoin Rallies
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Most cryptocurrencies traded higher on Thursday ...
Oil Demand Destruction Is Here Amid Ukraine War, JPMorgan Says
(Bloomberg) — Commodities markets have a well-worn saying that “the cure for high prices is high prices.” According to JPMorgan Chase & Co., the process may just be starting to happen in oil...
Oil giant Exxon Mobil uses Bitcoin to reduce greenhouse gas emissions
Exxon Mobil uses excess natural gas to mine Bitcoin from oil wells in North Dakota. The waste gas would usually have to be burnt off in a process known as flaring. However, it is being repurposed to m...
A top hedge-fund manager says crude oil prices could hit $250 this year
Energy industry experts are warning oil prices could double from current levels to $250 per barrel this year amid an ongoing international boycott of Russian energy supplies. There simply aren’t suffi...
Russia’s energy chief says it would accept Bitcoin for oil and gas
The Russian Federation’s energy chief Pavel Zavalny has floated the possibility of accepting Bitcoin as payment for its oil and gas from “friendly countries” such as China and Turkey. He said th...
Bitcoin Shoots Past $44,000, Oil Giant Exxon Mobil Explores BTC Mining
The world’s largest cryptocurrency Bitcoin (BTC) continues to show strength moving past $44,000. With this, BTC has extended its weekly gains to more than 8%. The recent BTC price rally comes amid ren...
Purchase Oil From Canada, Not Venezuela
Gasoline prices are reaching record highs and Russian oil imports are ending. As the Biden Administration makes overtures to Venezuela to request more oil, Alberta Premier Jason Kenney asks why the Ad...
Russia wants the West to pay for oil and gas in rubles — Quartz
Vladimir Putin is insisting that 48 “hostile nations“—the US, the UK, and the EU’s members among them—pay for Russian gas in rubles. The demand is more than provocation; it’s a strategy to force the W...
Selling gas and oil for Bitcoins? This Russian lawmaker thinks so
Pavel Zavalny, the head of Russia’s Committee on Energy, said earlier today that the country will enable friendly countries to pay for oil, gas, and other exports in Bitcoin. The statement comes as Ru...
Russia To Accept Bitcoin As Payment For Oil From “Allies”
Per a report from RBC, Russia will accept Bitcoin to trade their energy resource. Pavel Zavalny, Chairman of the State Duma Committee on Energy, announced today that the country will let “ally” countr...
Wait, There Are Americans Happy About High Gas Prices?
Drivers in the United States and around the world are experiencing unprecedented gasoline price increases. Nationwide, the average price for a gallon of regular gas Tuesday was $4.242, according to da...
States With The Highest And Lowest Gasoline Tax
LOS ANGELES – DECEMBER 19: The Wilmington ARCO refinery is seen before dawn December 19, 2003 in … [+] Los Angeles, California. Crude oil prices have reached the highest level since before...
Dow Falls 400 Points As Supply Disruptions Send Oil Prices Surging Higher
Topline The stock market tumbled on Wednesday as oil prices spiked yet again due to supply disruptions from Russia’s invasion of Ukraine, and investors face renewed inflation fears even after the Fede...
Why Some Prices Rise First And Others Later
Gas station in Los Angeles June 2021 (Photo by FREDERIC J. BROWN/AFP via Getty Images) AFP via Getty Images Some inflation commentaries emphasize how much of our recent inflation came from oil prices ...
Oil Prices Set To Fall As New ‘Iran Nuclear Deal’ Nears Completion
Since the unilateral withdrawal of the US in May 2018 from the Joint Comprehensive Plan of Action (JCPOA) – the ‘nuclear deal’ – Iran’s level of crude oil production and exports has been severely cons...
Tokens pose lesser risk than gold and oil for UK investors: Survey
A survey on investors across the United Kingdom has revealed a growing interest in the new asset classes that threaten to overshadow traditional finance — driven by factors such as ease of access and ...
Oil Erases Gain With Volatile Market Focused on Next EU Moves
(Bloomberg) — Oil erased an earlier gain in choppy trading as the European Union weighs a possible ban on Russian crude imports, though some key members remain opposed to such a move for now. Mo...
Crude oil price outlook as EU weigh on banning Russian imports
Crude oil price remains on an uptrend as the market continues to react to geopolitical tensions in eastern Europe. The attack on Saudi Arabia oil facilities has also heightened concerns over the commo...
Europe divided over Russian oil sanctions
French president Emmanuel Macron – Anadolu Agency/Getty EU leaders are deadlocked over whether to hit the Russian energy sector with crippling sanctions as fury mounts over the Kremlin’s “war cr...
Wells Fargo’s $28 Billion Oil Lenders Are Ready for This Boom
(Bloomberg) — One year after Wells Fargo & Co. became one of the last big U.S. banks to make a net-zero promise, essentially marking its enormous oil and gas loan business for extinction, th...
IEA Plan Won’t Snip Europe’s Energy Ties To Russia
LIVERPOOL, ENGLAND – MARCH 17: A protestor ties his head to the goal post which interrupted play … [+] wearing a t-shirt saying Just Stop Oil during the Premier League match between Everto...
Oil Climbs as Traders Gauge War in Ukraine, Middle East Tensions
(Bloomberg) — Oil advanced as the war in Ukraine neared the end of its first month, and investors tracked geopolitical tensions in the Middle East. Most Read from Bloomberg West Texas Intermedia...
Saudi Aramco to boost oil production spending to help meet rise in demand
Saudi Aramco has said it will boost spending on oil production to meet rising energy demand as chief executive Amin Nasser criticised “totally unrealistic” plans to swiftly transition the world away f...
Opinion: Ukraine war is a wake-up call to ditch oil and gas forever
That invasion, and the subsequent U.S. ban on oil imports from Russia, are partly responsible, but they aren’t the only reason. According to the U.S. Energy Information Administration, the impact of t...