Oil futures fell sharply Wednesday, with U.S. prices down by more than 12% just a day after settling at their highest since 2008. U.S. benchmark oil remains overbought and could continue to pullback t...
Tag: Oil
Good For The Environment, Consumers, And Auto Companies, Bad For Oil Companies
Michael Regan, administrator of the Environmental Protection Agency (EPA), speaks during an event at … [+] the EPA headquarters in Washington, D.C., U.S., on Monday, Dec. 20, 2021. Regan announc...
Oil Drops as UAE Calls For OPEC+ to Increase Oil Ouput Faster
(Bloomberg) — Crude futures dipped lower as the United Arab Emirates called on its fellow OPEC+ members to boost oil output faster. Most Read from Bloomberg Brent extended earlier losses to fall...
Crypto Scam: SEC Slaps Siblings With $124 Million ‘Snake Oil’ Fraud Charge
A cryptocurrency entrepreneur and his sister have been charged by US officials with crypto scam on Wednesday, accusing them of defrauding retail investors of millions of dollars using a bogus cryptocu...
Here is why Shell is stopping crude oil purchases from Russia
On Tuesday, Shell (LON: SHEL) apologized for purchasing a discounted Russian oil consignment. The company bought 100,000 metric tonnes of leading Urals crude from Russia at a considerable discount. Th...
Oil prices — and how fast they’re moving — threaten to ‘wipe out’ drivers: Analyst
Oil prices are perched at 14-year highs, which has also driven a gallon of regular gas above $4, stoking new inflationary fears and pressuring already sticker-shocked consumers. And with the U.S. now ...
U.S. Bans Russian Oil And Gas Imports
Russia has continued to receive Sanctions from the west since it declared war on Ukraine. In one of the latest sanctions, President Joe Biden announced that the United States has banned Russian oil, g...
Oil prices have skyrocketed, and this stock could be a huge winner
Back up the dump truck on Caterpillar’s stock (CAT), says Jefferies analyst Stephen Volkmann. “Recent turmoil in Eastern Europe fundamentally reshapes global commodity markets, driving str...
Biden Just Banned Russia Oil Imports. Here’s How The United States Replaces That Supply.
The United States has banned imports of Russian oil and liquefied natural gas in a move designed to reduce domestic reliance on volatile foreign fossil fuels and undercut an enormous source of revenue...
Oil Stocks Climbed Higher As Oil Prices Soared On An Expected Ban Of Russian Crude Imports
The Biden Administration announced a U.S. ban on imports of Russian oil Tuesday, as economic sanctions snipped more Kremlin links to the global economy. Oil stocks climbed to recent highs. Oil prices ...
Here’s How Biden’s Historic Ban On Russian Oil Will Hit The Economy
Topline President Joe Biden announced an historic U.S. ban on Russian oil imports on Tuesday as the latest round of sanctions against Russia for its invasion of Ukraine, but as energy prices continue ...
Bipartisan bill: Lock down Russia’s gold reserves, U.S. may stop oil imports
Sanctions against the Russian Federation are hitting hard on the Russian nation and its businesses, financial- and payment systems, and citizens alike. More and more nations and institutions are linin...
As Biden Bans Putin’s Oil, Is Venezuela A Possible Replacement?
WASHINGTON, DC – MARCH 08: U.S. President Joe Biden speaks in the Roosevelt Room of the White House … [+] March 8, 2022 in Washington, DC. During his remarks, Biden announced a full ban on...
UK Bans Russian Oil – Trustnodes
The British Prime Minister Boris Johnson has just announced the United Kingdom will no longer import oil from Russia. The Business Secretary will give further details tomorrow, Mr Johnson said after l...
Ukraine war update: how record oil prices could affect the U.S. economy
The benchmark S&P 500 index is down another 1.0% on Monday as the United States is expected to announce a ban on Russian oil in response to Putin’s war crimes in Ukraine. What higher oil pri...
The U.S. Will Ban Imports of Russian Oil. What Exactly Does That Mean?
Oil prices spiked to their highest levels since 2008 on Tuesday after the U.S. announced it would ban imports of Russian oil. “Today I’m announcing the United States is targeting the main artery of Ru...
Biden Bans Russian Oil, Gas, Energy Imports – Trustnodes
US president Joe Biden has just announced all Russian energy imports to the United States, including oil and gas, have been banned. “We will not be part of subsidizing Putin’s war,” Biden said in a te...
Gas Prices Surge To Record High Ahead Of Russian Oil Ban—Americans Will ‘Feel The Pain’ For A While
Topline The average price Americans are paying at the pump jumped to its highest level ever Tuesday as Russia’s invasion of Ukraine continued to fuel an unprecedented surge in oil prices, with a loomi...
Crude oil jumps on report U.S. to ban Russian oil imports
A man pumps gas into his vehicle at a petrol station in Montebello, California on February 23, 2022, as gas prices hit over $6 dollars per gallon. Frederic J. Brown | AFP | Getty Images Oil prices jum...
Bipartisan Congressional Leaders Back Russian Oil Ban, Suspending Trade Relations
Topline Four top congressional leaders—the Republican and Democratic leaders of the powerful finance committees—announced Monday they have agreed on legislation to ban Russian oil and other energy pro...
Biden Administration Is ‘Misusing Facts’ on Oil Permits, API Says
(Bloomberg) — The head of the biggest U.S. oil lobby groups said the Biden administration is “misusing facts” when it claims the industry has more than 9,000 federal drilling permits on which it...
Oil stocks, Bed Bath & Beyond, Visa and more
Take a look at some of the biggest movers in the premarket: Chevron, Exxon, Phillips 66 — Oil stocks rose broadly in premarket trading after energy prices surged overnight, with U.S. benchmark West Te...
Bitcoin Creeps Toward $40K as Surging Oil Prices Create Bear Market Worry
“Cryptocurrencies do not remain aloof from politics, and they are weakly confirming the role of an alternative to the banking system now,” shared Alex Kuptsikevich, financial analyst at FxPro, in an e...
Stocks fall, oil soars amid Russia’s war in Ukraine
Stocks extended declines on Monday and oil prices soared as investors nervously considered the potential for even higher inflation and greater global economic damage from Russia’s war in Ukraine...
Cathie Wood Got Oil Wrong. It Isn’t Going to $12. Here’s What She Missed.
ARK Invest’s Cathie Wood predicted in 2020 that oil prices were headed to $12 a barrel. The prediction wasn’t correct, providing a lesson in commodity investing. Kyle Grillot/Bloomberg Tex...
Commentary: Bitfinex Trading Team On Bitcoin Bearish Trends Amidst U.S. Talk Of Banning Russian Oil Imports
On March 1st, after Russia attacked Ukraine and sanctions were levied on the country, Bitcoin witnessed a spike in its price reaching $45,000. However, now the price of the flagship currency is showin...