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...
Tag: Oil
Crude oil price has skyrocketed. These 4 currencies could benefit
Crude oil prices soared to the highest level in almost a decade as investors remained concerned about the ongoing crisis in Europe. Brent, the global benchmark, rose to $105 while Western Texas Interm...
Stock futures rise slightly amid surge in oil prices, Ukraine conflict
Traders on the floor of the NYSE, Feb. 28, 2022. Source: NYSE Stock futures inched higher on Tuesday night as oil prices surged amid the ongoing conflict between Russia and Ukraine. Futures tied to th...
Dow Falls 600 Points, Oil Prices Surge As Russia-Ukraine Conflict Continues To Roil Markets
Topline The stock market plunged on Tuesday—with the Dow Jones Industrial Average falling roughly 600 points, while oil prices surged to new seven-year highs as Russia escalated its attacks on several...
Forget Data – Privacy Is the New ‘New Oil’
From an investor’s perspective, there’s a meaningful conversation to be had about privacy-enabled technologies, because wherever there is sufficient demand, there is money to be made. We have seen thi...
Russian Oil Tankers Are Still Loading for the U.S., for Now
(Bloomberg) — Two cargoes of Russian oil loaded late last week for U.S. ports may be among the last shipments of their kind as the market seeks alternatives amid mounting sanctions against Russi...
Will Soaring Energy Prices Help Marathon Oil?
Marathon Oil shares, which more than doubled last year, is expected to remain well supported, thanks to surging energy prices and a recovery in demand, but it is yet to reach the highs recorded in 201...
A New Climate City In A Big Oil State – Saudi Arabia – Is It Future Or Fantasy.
A citizen walks along a waterfront oil refinery plant in Saudi Arabia. (Photo by Liaison) Getty Images Reading about this futuristic vision may provide a temporary respite from the calamities of war. ...
Could 1979’s Oil Market Chaos Be Repeated?
Russian President Vladimir Putin (Photo by Peter Muhly – WPA Pool/Getty Images) Getty Images After the first oil crisis, many politicians pompously proclaimed that they didn’t want to see their ...
Stock Futures Fall and Oil Gains as Ukraine Crisis Deepens
Stock futures fell and oil prices jumped as investors weighed geopolitical developments including new sanctions by Western countries against Russia. By early afternoon on Monday in Hong Kong, futures ...
Indonesian Oil Tycoon Arifin Panigoro Dies At Age 76
Arifin Panigoro was a businessman and politician. ASSOCIATED PRESS Indonesian businessman Arifin Panigoro, a key figure in the country’s oil and gas sector, has died at age 76. Panigoro was ranked No...
Goldman Says Demand Destruction Only Thing That Can Restrain Oil
(Bloomberg) — Demand destruction is the only thing that can stop oil shooting higher after the U.S. and European allies unleashed additional curbs on Russia following its invasion of Ukraine, ac...
Stock Market Set to Plunge When It Opens Monday Over Ukraine-Russia Worries
U.S. stocks are set to plunge at the open Monday on pent-up worries about Russia’s attack on Ukraine. On Sunday night, Dow Jones Industrial Average futures lost 466 points, or 1.4%, while the S&P ...
Oil jumps as traders fear disruption in Russia’s energy industry
An oil pumping jack, also known as a “nodding donkey”, in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Andrey Rudakov | Bloomberg | Get...
BP to Exit Its 20% Stake in Russian Oil Giant Rosneft
(Bloomberg) — BP Plc moved to dump its shares in oil giant Rosneft PJSC, taking a financial hit of as much as $25 billion by joining the campaign to isolate Russia’s economy. Most Read from Bloo...
BP Drops Nearly 20% Stake In Russian-Owned Oil Firm After Invasion Of Ukraine
Topline Following pressure from the British government, British Petroleum announced Sunday it would be exiting its 19.75% ownership of Rosneft, a Russian state-owned oil firm that supplies Russia with...
A Stock Trader’s Guide to a World Where Oil Costs $100 or More
(Bloomberg) — The inflation challenge is at the top of investors’ minds after Russia’s invasion of Ukraine caused oil prices to spike above $100 a barrel, adding to a flurry of red flags that eq...
Iraq Shuts Down Two Oil Fields, Further Curtailing OPEC Output
(Bloomberg) — Iraq stopped oil production from two southern fields with a combined capacity of almost half a million barrels a day. Most Read from Bloomberg The shutdowns curtail the ability of ...
Caribbean Food Security Likely To Be Impacted By Russia-Ukraine Conflict
As Russia began its invasion of neighboring Ukraine on February 24th, the world watched— and reacted. On top of the deeply devastating human elements of war have been the unavoidable global political ...
Putin Is Having Easier Crisis This Time Thanks to Oil, Reserves
(Bloomberg) — Russian policy makers weren’t caught off guard when President Vladimir Putin unleashed his military on Ukraine. Most Read from Bloomberg In stark contrast to Putin’s first invasion...
Tesla stock extends $100+ bounce after Daiwa analyst says buy, for these reasons
Shares of Tesla Inc. gained Friday, to extend the previous session’s more-than $100 bounce, after Daiwa Capital analyst Jairam Nathan said it’s finally time to start buying again, as supply chain conc...
Russia’s Invasion Of Ukraine Has Sent Energy Prices Soaring—Here’s How High Oil Could Rise
Topline Oil prices have continued to skyrocket this week—with Brent crude briefly rising above $100 per barrel for the first time since 2014—as Russia launched its invasion of Ukraine, and although pr...
Unleashing U.S. Oil Industry Offers Biden Path To Avoid Energy Crisis
Protesters hold a Ukrainian flag banner during a demonstration against the Russian invasion of … [+] Ukraine in the Times Square neighborhood of New York, U.S., on Thursday, Feb. 24, 2022. Stock...
Ukraine Crisis Dilemma — A Total Blockade Of Russia’s Banks Would Hurt Europe
A column of Russian armoured vehicles drives in the direction of Gori on the Gori-Tbilisi road on … [+] August 19, 2008. Georgia’s Interior Ministry dismissed a pullback of Russian militar...
Oil Pulls Back From $100 Amid Report That Putin Is Open to Talks
(Bloomberg) — Oil extended its retreat from a seven-year high, slipping back below $100 a barrel as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment. Most R...
Bitcoin Recovers, Stocks Rise, Oil and Gas Falls, Kyiv Holds – Trustnodes
Bitcoin has once again risen above $39,000 from a recent low of almost $34,000, gaining 10% to return to its strong support line of $39,000 that held prior to Black Thursday. Gas is down by close to 3...
Russian Oil Offered at Record Discount as Buyers Hit Pause
(Bloomberg) — Russia’s flagship crude oil was offered for sale at a record discount as some buyers and shipping companies fretted over potential sanctions by the West following the country’s inv...
As BP Exits Russia, Other Oil Companies Face Risks Too
Text size Shell has a big stake in a Russian liquefied natural gas project. Jeff J Mitchell/Getty Images Oil companies haven’t been this financially strong in decades. They also haven’t been as politi...