Permian Basin rigs in 2020, when U.S. crude oil production dropped by 3 million a day as Wall Street pressure forced cuts. Paul Ratje | Afp | Getty Images U.S. oil tumbled more than 8% on Monday, brea...
Tag: Oil
Key Considerations When Adding Commodities To Your Portfolio
American Association of Individual Investors The Russian invasion of Ukraine and the resulting sanctions have put commodities into focus. U.S. wheat futures reached a record high last week. So did nic...
Stocks mixed, oil prices fall as traders look ahead to Fed decision
The S&P 500 and Dow rose Monday to shake off some recent losses, with investors looking ahead to the Federal Reserve’s next monetary policy decision later this week amid an ongoing war in Uk...
Hang Seng slumps 3% over COVID lockdown worries, oil falls as Russian attacks in Ukraine intensify
BANGKOK (AP) — Stocks were mixed in Asia and oil prices fell Monday as uncertainty over the war in Ukraine and persistently high inflation kept investors guessing about what lies ahead. Tokyo and Sydn...
Higher Oil Prices Could Spark A Bull Run For Tesla
Tesla’s (NASDAQ: TSLA) share price began 2022 at a near-record $1,200 after record quarterly deliveries of its electric vehicles (EVs). However, rising inflation and Omicron worries saw it fall to $76...
What A Wyckoff Change of Character May Mean For Gold And Crude Oil
Both gold and crude oil have been on a parabolic rise in the last 2 weeks due to the war between Russia and Ukraine. On 9 March 2022, a Wyckoff change of character bar showed up in both gold and crude...
Oil Could See Its Biggest Supply Shock Since 1973
The global oil market was tight even before the Russian invasion of Ukraine, but Putin’s war and its consequences on Russian crude supply and energy prices have the potential to hurl the market into a...
The Anti-Oil Business Is Trying To Fool You Again
GENEVA, SWITZERLAND – JUNE 16 (RUSSIA OUT): Russian President Vladimir Putin (L) greets President of … [+] USA Joe Biden (R) during the US – Russia Summit 2021 at the La Grange Villa...
The oil and commodities boom: 3 stocks to check out now
The war in Ukraine and the ensuing sanctions have led to massive shocks in the global oil and commodities market. Oil prices have surged in particular, hitting the highest levels in over 8 years. Comm...
JPMorgan downgraded this oil giant despite the Ukraine war
Shares of Chevron Corporation (NYSE: CVX) are up roughly 40% year-to-date but JPMorgan says it’s as far as it goes for some time. JPMorgan says Chevron stock is fairly valued On Friday, JPMorgan analy...
Democrats File New Tax On Alleged ‘Windfall Profits’ By Big Oil
WASHINGTON, DC – APRIL 28: Sen. Sheldon Whitehouse, D-R.I., attends the Senate Judiciary Committee … [+] confirmation hearing in Dirksen Senate Office Building in Washington, D.C., on Wedn...
Oil Prices Are Slipping Again. Expect Volatility in Crude to Continue.
Text size Oil prices were on a tear long before Russia invaded Ukraine, but have since marched higher. Mario Tama/Getty Images Oil’s bounce back from its largest decline in two years failed as crude p...
From Nickel to Oil and Stocks, Markets Are in Turmoil. Are They Broken?
Wall Street has been treated to intense volatility in the period since Moscow launched its invasion of Ukraine, with tough sanctions on Russia—a major producer of critical commodities—sending the mark...
‘Putin’s price hike’ and oil company inaction are driving costs higher, WH economist says
As oil prices continue to spike, the White House and the oil industry have been engaged in tit-for-tat all week about whether more can be done to ramp up domestic energy supplies. The industry and man...
Dow Jones, Nasdaq Fall As Inflation Hits New 40-Year High; Oil Reversed Lower But These Stocks Trade In Buy Zones
The Dow Jones Industrial Average and Nasdaq composite both traded lower Thursday as inflation hit a 40-year high, according to U.S. data on consumer prices from the Labor Department. Meanwhile, crude ...
Energy Firms Pay Record Prices to Buy Own Shares as Oil Booms
(Bloomberg) — Energy stocks are on a roll as soaring oil prices push them to record highs. So what are the companies doing with the windfalls? Buying back their shares. Most Read from Bloomberg ...
Shell Boss Says No One Will Be Fired Over Russian Oil Purchase
(Bloomberg) — Shell Plc’s chief executive officer took personal responsibility for a controversial purchase of Russian crude oil last week and said no one would be fired for it, people with dire...
Western Oil Companies, Facing New Demands, Find It Easier To Exit Russia
Loren Steffy, UH Energy Scholar NOVOKUIBYSHEVSK, RUSSIA – MARCH 15: A general view of the Novokuibyshev Refinery owned by Rosneft … [+] oil company on March 15, 2012 in Novokuibyshevsk, Sa...
Could The Russian Oil Ban Turn The World Toward Renewable Energy?
Getty Images Key Takeaways The EU may not be in a position to follow suit on President Joe Biden’s ban on Russian oil imports The world, at large, has growing opportunities to turn to clean tech On Tu...
The US Bans Russian Energy Imports – Symbolically
A man rides a bicycle in front of a damaged by shelling apartment building in Mariupol, Ukraine, … [+] Wednesday, March 9, 2022. A Russian attack has severely damaged a maternity hospital in the...
Buy Whiting Petroleum And Occidental Petroleum
Photo by Joe Raedle/Getty Images Getty Images Here is a screen of energy stocks that have performed best in the coming week. To select some shares for short-term trades, the following strategy is empl...
White House Says ‘No Talks’ About Lifting Venezuela Oil Sanctions
Topline A senior Biden Administration official said the White House has not held discussions about easing oil sanctions on Venezuela, after a rare visit by an American delegation to Caracas on Saturda...
Why Biden’s Killing Of Keystone XL Was A Big Energy Blunder
WASHINGTON, DC – FEBRUARY 03: White House Press Secretary Jen Psaki talks to reporters during a news … [+] conference in the Brady Press Briefing Room at the White House. (Photo by Chip So...
Democrats Target Oil Companies With Plan to Tax Windfall Profits
(Bloomberg) — Senators Sheldon Whitehouse and Elizabeth Warren say they’re working on a proposed new tax targeting profits being reaped by oil companies as crude prices spike amid geopolitical t...
House Passes Russian Oil Ban Building On Biden’s Executive Order After Ukraine Invasion
Topline The House on Wednesday passed a bipartisan bill that would ban Russian energy imports after final passage in the Senate, building on an executive order signed by President Joe Biden Tuesday an...
Frackers Say Bottlenecks Impede Output Boost as Oil Prices Soar
American shale drillers say there are limits to how much and how quickly they can boost shaky oil supplies following Russia’s invasion of Ukraine, cautioning that supply-chain issues, investors wary o...
Oil Executives Meet With Biden Officials on Texas Home Turf
(Bloomberg) — Oil industry executives are meeting with U.S. officials this week as surging energy prices and mounting national security concerns bring together two groups that have had a distant...
Occidental Petroleum stock rising with oil prices. Is it time to buy?
Invezz does not provide financial advice. Our aim is to simplify information about investing, enabling each user to make educated decisions with their money and to take control of their financial futu...
These Energy Stocks Are Surging As Oil And Gas Prices Keep Climbing With No Relief In Sight
Topline While Russia’s invasion of Ukraine sparked a surge in oil prices that has roiled markets, energy stocks like Occidental Petroleum, Chevron and Exxon Mobil have widely outperformed the rest of ...
12 dividend stocks paying at least 3.5% that are well-suited for high inflation
Investors may have turned for a moment from Russia’s aggression in Ukraine to energy and supply shortages in the U.S. that are producing high inflation. With purchasing power crumbling, patient invest...