Text size Oil prices are higher, but concerns about economic growth are weighing on oil stocks. Mario Tama/Getty Images Oil prices soared on Thursday after Russia invaded Ukraine. But oil stocks were ...
Tag: Oil
Gold And Oil Price Are Soaring While Crypto Bleeds Due To Russia-Ukraine War
Russia’s declaration of war against Ukraine saw crypto market capitalization slump by $200 billion in a matter of hours, while stock and currency markets also tumbled. But not all sectors were equall...
Where Are Bitcoin and Crude Oil Heading?
Based on the latest updates, we are assessing European banks’ exposure, crude oil analysis and an outlook for bitcoin and cryptocurrencies. Russia launched a full military operation in Ukraine i...
Biden administration pausing new oil and gas leases amid legal battle
An oil pumpjack (L) operates as another (R) stands idle in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Biden administration is delaying decisi...
Soaring Gas Prices Could Have Been Mitigated If Energy Sector Plugged Huge Methane Leaks, IEA Says
Topline Methane leaks from the energy sector are much higher than what national governments claim, the International Energy Agency said Wednesday, adding the industry could slash emissions of the high...
The Russia Issue Is Hurting the Stock Market. How Things Could Get Worse.
Text size President Joe Biden spoke Tuesday about Russian military activity near Ukraine. Brendan Smialowski/AFP via Getty Images While stocks are reeling in response to the Russia-Ukraine conflict, t...
Stocks Plunge, Oil Prices Surge After Putin Orders Troops Into Eastern Ukraine
Topline The stock market was down in volatile trading on Tuesday after Russian President Vladimir Putin ordered troops into two breakaway regions in eastern Ukraine, a move that was met with a new rou...
Global Stocks Tumble, Oil Surges As Putin Orders Russian Troops To Enter Eastern Ukraine
Topline Global stock markets slumped while oil prices surged on Tuesday amid rising tensions in eastern Europe after Russian President Vladimir Putin ordered Russian troops to march into two pro-Russi...
Oil, Gold Advance as Putin Orders Forces to Regions of Ukraine
(Bloomberg) — Oil and gold rose after Russian President Vladimir Putin announced that he’s recognizing two self-proclaimed separatist republics in eastern Ukraine and plans to send “peacekeeping...
Oil can reach $100; what does it mean for markets and inflation?
More and more analysts are sure Brent oil will surpass $100 a barrel. Some of them forecast that $125 and $150 levels will be reached over several months. As oil is one of the most (if not the most) t...
Saudi Aramco shares hit record high as oil demand surges
Saudi Aramco oil prices Covid demand – Stanislav Krasilnikov Saudi Aramco surged to an all-time high after the world’s biggest energy company said oil demand is continuing to rebound from the pa...
Crude oil price outlook after first weekly loss in weeks
Crude oil price recorded its first weekly loss after eight consecutive weeks in the green. Investors are evaluating the market amid the probable return of Iranian oil. Besides, developments of the Rus...
Oil, Gold Cede Gains After Biden, Putin Accept Summit Proposal
(Bloomberg) — Oil gave up early gains in Asia, along with gold, after the U.S. and Russian presidents agreed to a summit meeting over Ukraine. Most Read from Bloomberg West Texas Intermediate wa...
U.S. stock futures fall, oil prices jump as U.S. says Russia has decided to invade Ukraine
U.S stock-index futures fell Sunday, amid even more urgent warnings from U.S. officials that a Russian invasion of Ukraine could come soon. Dow Jones Industrial Average futures YM00, -0.35%, S&P 5...
Here’s How The Price Action of Crude Oil Behaves Before A Correction
Since Christmas last year, crude oil (CL) price has been trending up nicely within an up channel from 73 to almost 96 at the peak on 14 February 2022. The recent bullish move in crude oil is also supp...
Cnooc’s $13 Billion Oil, Gas Deals Show China’s Supply Fears
(Bloomberg) — China National Offshore Oil Corp. struck $13 billion worth of deals to boost oil and gas supply, as the country aims to avoid a repeat of last year’s energy crunch. Most Read from ...
Europe Looks Beyond Russia for Natural Gas. These Companies May Benefit.
The European Union will look to cuts it dependence on Russian natural gas. Andrey Rudakov/Bloomberg Text size It takes a brave investor to bet on the outcome of Vladimir Putin’s saber rattling around ...
UK Oil and Gas PLC stock (UKOG) has jumped 50% in 5 days: here is where you can buy it
The UK Oil and Gas PLC stock (UKOG) is among the few stocks listed on the London Stock Exchange that have seen a continuous rise over the past year to date. The UKOG stock has risen by +0.04 (43.50%) ...
Want to take advantage of surging oil prices? 3 energy stocks to consider
When Covid 19 restrictions hit hard in 2020, the markets were on free fall. But more so, oil saw a sharp decline, at one point hitting negative figures. But as most economies have rebounded, oil has s...
Third-Largest US Oil Company Eyes Potential New Revenue Stream From Bitcoin (BTC) Economy: Report
The third-largest oil company in the US is reportedly generating additional income in the Bitcoin (BTC) economy. CNBC reports that the Texas-based ConocoPhillips launched a Bitcoin pilot project in No...
AUD/USD Rises Above SMA Amid a Fall in Oil Prices
A report highlighting three different points has to come to light. It deals with Australia adding more jobs and experiencing a rise in the participation rate as well. Another point that has been highl...
$120B Oil and Gas Behemoth ConocoPhillips Joins Bitcoin Mining Business
One of the biggest oil and gas exploration companies, ConocoPhillips, is getting into Bitcoin mining. It will be using its extra gas to power Bitcoin mining activities. In a report by CNBC, the Compan...
$120B Oil and Gas Giant ConocoPhillips Joins The Bitcoin Mining Fuel Business ⋆ ZyCrypto
Advertisement     ConocoPhillips, one of the world’s largest independent oil and gas exploration companies is utilizing its extra gas to power Bitcoin mining. Accordin...
Gas Tax Holiday Could Backfire On Democrats
Gasoline prices are displayed at a station Friday, Dec. 10, 2021, in Shoreline, Wash. Prices for … [+] U.S. consumers jumped 7.5% in recent months as surging costs for food, energy, housing, aut...
Here comes $7 gas prices, warns oil strategist in dire outlook
Drivers best start bracing for another surge in gas prices amid the conflict between Russia and Ukraine and years of under-investment by the oil industry, warns one veteran energy strategist. “M...
Russia Invasion Could ‘Exacerbate’ Inflation And Trigger Another Stock Plunge—Here’s How High Oil Prices May Rise
Topline The price of oil has skyrocketed to seven-year highs this month amid escalating tensions between Russia and Ukraine, and analysts are warning the price surge will only get worse if the world&#...
Oil Is Fashionable Again In The Banking World
FILE – Executive Director of the International Energy Agency Fatih Birol speaks Wednesday, Nov. 13, … [+] 2019 in Paris. The head of the International Energy Agency has blamed Russia for m...
Stocks Drop, Oil Jumps, Bitcoin Holds as Scholz Prepares For Moscow – Trustnodes
The German DAX is down 3.1% today while the French CAC index has lost 3.2% amidst some papers claiming Europe is 48 hours from war. The Russian RTS index lost close to 5% at one point in a volatile da...
Stocks Fall, Oil Fluctuates Amid Ukraine Tension: Markets Wrap
(Bloomberg) — Stocks fell Monday as geopolitical risks over Ukraine rippled through global markets. Most Read from Bloomberg Europe’s Stoxx 600 Index plunged to a three-week low, as Asian gauges...
How Oil Could Hit $150. It’s Not Just About Russia.
Text size West Texas intermediate crude oil was trading near $94 a barrel on Monday. Spencer Platt/Getty Images By one measure, oil prices could rise to $150 a barrel this year, which would be the hig...