Photo by David McNew/Getty Images Getty Images The S&P and NASDAQ have both broken out of falling wedge patterns, supported by higher lows in momentum. The ten-day breadth moving average also show...
Tag: Oil
Pipeline Stock Dividends Are Rising as Oil Prices Surge. Here’s How to Play It.
Sanctions on Russia are upending global energy markets, pushing up crude oil above $100 a barrel and sending U.S. gasoline prices to an average $4.30 a gallon, up nearly 50% in the last year. It has a...
Oil Executives Summoned by Democrats Over $4-a-Gallon Gasoline
(Bloomberg) — Democrats in Congress are taking aim at big oil as they seek to deflect blame for eye-popping gasoline prices that could sink their prospects in the midterm elections. Most Read fr...
How to Make Oil Stock Volatility Work for You
Text size A Diamondback Energy oil rig in Midland, Texas. Callaghan O’Hare/Bloomberg With oil prices rising and falling dramatically, it can be hard to get a handle on oil stocks. One strategy: ...
IEA’s plan to cut oil use
Cyclists photographed in Lisbon, Portugal, in October 2018. Kamisoka | Istock Unreleased | Getty Images Speed limits on highways should be cut by at least 10 kilometers per hour (6.2 mph) to help lowe...
Why $100 OIl Is Different This Time Around
Despite the correction this week, global oil prices remain through the roof, and the global push to move away from fossil fuels seems to be reversing its course as the global economy reverberates from...
Unless OPEC increases output, oil market will fall into deficit after Russian invasion, IEA says
Russia’s invasion of Ukraine and sanctions on its oil exports threaten a supply shock that will weigh on the global economy and push the oil market into a deficit unless major producers increase outpu...
Warren Buffett reveals another $1.0 billion stake in this oil company
Occidental Petroleum Corporation (NYSE: OXY) is up 9.0% on Thursday after veteran investor Warren Buffett loaded up on $985 million worth of its stock. Buffett’s total stake in Occidental Petrol...
Oil Market Rollercoaster Continues To Cause Economic Pain
WASHINGTON, DC: White House Press Secretary Jen Psaki speaks during a White House daily news … [+] briefing at the James S. Brady Press Briefing Room of the White House in Washington, DC. (Photo...
Will India continue to import crude oil from Russia? — Quartz India
India is preparing to buy heavily discounted crude oil from its long-time ally Russia. The idea is to minimise domestic macroeconomic risks arising out of the Ukraine-Russia war. The country meets 85%...
Saudi Arabia & China in talks over yuan-denominated oil contracts, petrodollar under threat?
Saudi Arabia are again in talks with Beijing to launch yuan-denominated oil contracts, in yet another episode bound to shake up the geopolitical climate and one that could have serious implications fo...
Oil market heads for ‘biggest supply crisis in decades’ with Russia’s exports set to fall, IEA says
Three million barrels per day of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, the International Energy Agency said Wednesday. “Th...
Stock futures jump ahead of Fed decision, oil extends declines
Stock futures jumped Wednesday morning as traders awaited the Federal Reserve’s latest monetary policy decision and updated economic projections later in the day. More positive developments on t...
Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales
Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global pet...
Drillers Awaken in Canada as War Leaves World Begging for Oil
(Bloomberg) — Canada’s slumbering oil industry is beginning to stir. Most Read from Bloomberg For years, the country’s drillers, like those in the shale fields of West Texas, have been under gre...
Russia Is Offering India Crude Oil And Commodities At A Steep Discount
India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-ruble transaction. So far, India has not condemned Russia’s invasion of Ukraine, nor ha...
Russia And Ukraine — Oil And Gas Fallout For The World, Now And Looking Ahead.
Smoke rises from a power plant in eastern Ukraine after being shelled. AFP via Getty Images Martin Rylance is the Discipline Lead and Distinguished Advisor for Reservoir and Well Enhancement at THREE6...
Cathie Wood Watch: Ark Buys Aerospace, China Car Maker; Sells Pharma
Star investor Cathie Wood, chief executive of Ark Investment Management, remains active in the tumultuous stock market, on Monday buying aerospace and Chinese-vehicle shares. She sold pharmaceutical s...
9,000 Permits, Windfall Profits Tax, Keystone XL, And Russian Oil
HOUSTON, TX – JULY 3: The Russian supertanker Astro Lupus waits to unload its cargo of the first … [+] direct shipment of Russian crude oil to the United States 03 July 2002 in the Gulf of...
Yuan Jumps After Report on Saudis Weighing Its Use in Oil Deals
(Bloomberg) — The Chinese yuan reversed earlier declines following a report by Dow Jones that Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in the currency...
Oil suffers ‘spectacular’ collapse, falls into bear market territory just 5 days after settling at nearly 14-year highs
U.S. and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad R...
Oil drops again, now more than 27% below recent high
Oil rigs work on platforms in Gaoyu Lake in Gaoyou in east China’s Jiangsu province Friday, Sept. 17, 2021. Barcroft Media | Getty Images Oil registered heavy losses Tuesday, building on Monday&...
Oil Extends Slump Below $100 With Retreat Gathering Momentum
(Bloomberg) — The heat is coming out of the oil market, and fast. Most Read from Bloomberg West Texas Intermediate oil futures have shed around 20% since closing at the highest since 2008 a week...
12 oil stocks Goldman Sachs thinks has big upside potential
Some of the most well-known oil stocks have further room to run amid elevated oil and gas prices, says strategists at Goldman Sachs. And they point to several fundamental factors for their ongoing bul...
More than 70% of savers are worried that inflation will affect their ability to retire
Inflation just hit its highest level in 40 years. Future inflation expectations have risen by a third in 12 months. And the federal government’s own “inflation protected” bonds, which were designed to...