At the top of Americans’ concerns is rising inflation, especially soaring prices for energy, filling their gasoline tanks, or paying their monthly utility bills. And investors and traders have ridden ...
Tag: Oil
Oil And Bitcoin, Is There a Correlation? – Trustnodes
As war rages in Ukraine, oil seems to be doing a bitcoin, racing above $115 for WTI, jumping nearly 7% in one day. These price levels have not been seen since 2008, 14 years ago, with oil seeing its b...
‘We need to increase oil & gas output immediately,’ Elon Musk says as Ukraine crisis jolts U.S. crude to 2008 high
Elon Musk voiced an unusual stance for an electric-vehicle executive on Friday. Tesla Inc.’s TSLA, -0.12% chief executive said the U.S. needs to immediately increase production of oil and gas in a twe...
What Does $5 a Gallon Gas Mean for the Average American?
The idea of paying $5 a gallon for gas scares most Americans — at least the ones who don’t live in California, where AAA reports that the price per gallon for gas currently sits at $5.07. ...
Elon Musk IDs The Global Energy Problem, But Who Has The Solution?
Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric … [+] car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. (Photo by Odd ANDERSEN...
Percent Of U.S. Oil Imports From Russia Highest In Decades — At 3.5%
President Vladimir Putin’s Russia is a large exporter of oil to the world, but not the United … [+] States. Getty Images Some members of the U.S. Congress suggested Thursday that the Unite...
Two Oil Stocks And One Chipmaker Highlight IBD’s Screen Of The Day
In today’s IBD Screen of the Day, the focus is on stocks that funds are buying. Institutional investors tend to be more sophisticated, so retail buyers can gain by tracking their selections. Her...
The Worst Is Yet to Come for Russia’s Economy. 50-50 Odds on a Russian Bond Default.
The Kasimovskoye underground gas storage facility, operated by Gazprom, in Kasimov, Russia. Russia is under unprecedented sanctions from much of the global economy. Andrey Rudakov/Bloomberg Text size ...
Shell Buys Russia’s Flagship Urals Oil at a Record Discount
(Bloomberg) — Shell Plc, Europe’s largest oil company, bought a cargo of Russia’s flagship crude at a record discount, underscoring the company’s decision to keep buying supplies from the countr...
Does Lukoil Use Russian Oil? Americans Are Boycotting Gas Stations.
Text size A petrol tanker delivers fuel stores to a Lukoil gas station. Oliver Bunic/Bloomberg First, it was vodka. Now it’s gas stations. Americans are calling for the boycott of some of Russia’s bes...
Russian oil has Europe in ‘stranglehold’: Bill Browder
The sanctions regime slapped on Russia by the US and its allies continues to feature one glaring omission: an embargo on oil and gas, which accounts for nearly half of Russia’s export revenue. W...
Will Attempts To ‘Self-Sanction’ Russia Be Enough To Tame Putin Without Oil-Mageddon?
Kremlin handout photo of Putin, March 3, 2022. Anadolu Agency via Getty Images It’s shocking to see western oil giants abandon tens of billions of dollars of investment in Russia — stakes in projects ...
Crude oil price forecast amid rising optimism over the return of Iranian oil
Crude oil price pulled back from the multi-year high hit earlier in the week amid growing optimism on the return of Iranian oil into the market. Nonetheless, it will likely remain on an uptrend as tra...
Bitcoin Analysts Ponder Impact as Oil at Highest Price Since 2008
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Energy Abundance Is Possible And Europe Shows Us Why It Is Necessary
Fuel prices at an Exxon Mobil gas station in Boston, Massachusetts, U.S., on Tuesday, March 1, 2022. … [+] Democratic efforts to define the party’s energy policies are facing mounting pres...
Russia oil disruption would spur ‘significantly’ higher prices
Darren Woods, Chairman and CEO, Exxon Mobil. Katie Kramer | CNBC U.S. oil surged to the highest level since 2008 on Thursday, and Exxon CEO Darren Woods said prices could be heading much higher. ̶...
Oil rises to the highest since 2008, before paring gains
Oil pipelines, pumping rigs, and electrical transmission lines dot the landscape along California’s “Petroleum Highway” (Highway 33) running along the northwestern side of the San Jo...
Stock futures dip amid Russia-Ukraine, rising oil prices
Stock futures pointed to a slightly lower open Thursday morning after rallying a day earlier, as concerns over rising energy prices and Russia’s ongoing war in Ukraine weighing on risk assets. C...
On SWIFT Sanctions, Biden And His Allies Walk A Tightrope Between Punishing Putin And Hurting Themselves
President Joe Biden and European allies are looking to punish Russian President Vladimir Putin for … [+] his invasion of Ukraine through harsh economic sanctions. Getty Images The SWIFT sanction...
Russian Oil & Gas Giants Lose 95% of Their Market Cap On London Exchange
The Russian oil and gas giants listed on the London Stock Exchange have seen their shares crashing after Putin invaded Ukraine last week. Since last Thursday, when Russia invaded Ukraine, shares in Ro...
Crude oil price: the only solver is demand destruction
Crude oil price has extended its previous gains to the highest level in 9 years. In early Thursday trading, the benchmark for global oil – Brent futures – were trading at $116.68; a level last recorde...
Mining exec explains how Bitcoin is converging with the oil and gas industry
Episode 15 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Justin Ballard, CEO & Founder at Jai Energy. Listen below, and subscribe to The Scoop on Apple, Spotif...
Ryanair CEO says greater Western oil production ‘hits Russia hardest’
Ryanair Group CEO Michael O’Leary delivers remarks during a press conference in Lux Lisboa Park Hotel. Horacio Villalobos | Corbis News | Getty Images The chief executive of budget airline Ryana...
3 energy stocks with huge potential as crude oil prices goes parabolic
Crude oil and natural gas prices have rallied sharply in the past few months. On Tuesday, Brent soared to more than $105 for the first time in over 7 years. As a result, the Vanguard Energy ETF has so...
Why Does the U.S. Buy Russian Oil?
The fracking boom made America the world’s biggest oil producer a few years ago, but the U.S. still imports millions of barrels each day from other parts of the world, including Russia. Here is a look...