russia oil – Andrey Rudakov/Bloomberg Russia is preparing to cut its oil output by tens of millions of barrels per month in response to a Western price cap that threatens the Kremlin’s revenues....
Tag: Oil
C16 Biosciences Has Built A Palm Oil Farm In Midtown Manhattan To Stop Global Deforestation
C16 Biosciences founders in the company’s office in Manhattan, NY. C16 Biosciences Shara Ticku was boarding a flight to Singapore for a work trip when her company handed her a stack of N95 masks. This...
25+ incredible oil industry statistics & facts from 2022
Are you looking to invest in the oil sector now that prices have been oscillating near yearly lows? Oil prices remain near $80 a barrel, but what’s the outlook for the future when it comes to top gas ...
Oil and energy prices are moving in opposite directions, what’s going on?
While the price of crude oil and energy stocks typically move up and down together on Wall Street, a ‘unique backdrop’ of economic pressures is pulling them apart in 2022. Over the last three months, ...
Singapore’s Finamatrix Tokenizes Crude Algae Oil With Leading Algae Cultivation Technologies: Global Access to Green Gold
SINGAPORE–(BUSINESS WIRE)–$FIX #finamatrix–Finamatrix, the #1 NAS100 risk-tech database, has tokenized Crude Algae Oil (CAO) for global access to tackle climate change. Utilizing its proprietary datab...
Should you buy oil given the unprecedented divergence with energy stocks?
December is a time of reflection and planning for financial market participants. Everybody is preparing for the holidays and what 2023 might look like, and the energy sector looks very interesting. Th...
Germany’s Pivot to Piped Kazakh Oil Looks Like a Pipe Dream
(Bloomberg) — Germany is days from halting piped oil imports from Russia, creating pressure to find alternatives. Most Read from Bloomberg The nation’s economy ministry in Berlin confirmed on Tu...
Will Buffett Bet Big On Oil Again In 2023?
For decades, Berkshire Hathaway (NYSE:BRK.B) Chairman and CEO Warren Buffett maintained a pretty conservative approach to investing, favoring retail and banking stocks while giving a wide berth to mor...
Russia’s Oil Exports Collapsed Since G-7 Sanctions Began
(Bloomberg) — Russia’s seaborne crude shipments collapsed in the first full week of Group of Seven sanctions targeting Moscow’s petroleum revenues, a potential source of alarm for governments ar...
The Year The Energy Transition Went Off The Rails
A coal miner covered in coal dust with a large hammer drill on his shoulder looking off into the … [+] distance, wearing a aluminum hardhat with a LED light attached looking at the camera while ...
The Top 5 U.S. Oil And Gas Dividend Stocks For 2023
Chairman and CEO of Baird-owned Strategas Research Partners Jason Trennert has advised investors to adopt a defensive approach in 2023 due to a high likelihood of a recession. In addition to providing...
Joe Biden made the oil trade of the year
President Joe Biden speaks into a microphone, with the words “Plan to lower gas prices by at least $1 per gallon” projected behind him. It worked. Gas prices were a major story in 2022: Ru...
Are Oil Stocks A Buy Right Now?
| Getty Images Key Takeaways As a commodity, oil is known for its extreme volatility. Oil stocks represent an opportunity to add exposure within the energy section to your portfolio. Overall, many oil...
5 Outperforming Oil Companies To Consider For 2023
Summary Occidental PetroleumOXY was the largest outperformer. Other stocks that beat the index included Marathon OilMRO , APAAPA , Valero EnergyVLO and Marathon PetroleumMPC . As 2022 comes to a close...
White House Begins Plan to Refill US Emergency Oil Reserves
(Bloomberg) — The Biden administration is making good on a plan to replenish the nation’s emergency oil reserves, starting with a 3 million barrel purchase of crude. Most Read from Bloomberg The...
Jim Cramer Says Oil Prices Are Set for a Rebound; Here Are 3 Oil Stocks That Could Gain
The sell-off is done and it’s time to buy in again. No, unfortunately that’s not a prognosis for the stock market in general, but rather CNBC’s Jim Cramer’s recommendation for investors looking at the...
These Cashed-up Canadian Oil Producers Are Set To Outperform In 2023
The U.S. energy sector has enjoyed bumper profits in the current year, with Big Oil companies setting records left, right and center. And Wall Street is saying the party is set to continue in the comi...
Charts suggest it’s time to buy the dips in oil, Jim Cramer says
CNBC’s Jim Cramer on Tuesday advised investors to put cash to work in oil now that the sell-off is largely over. “The charts, as interpreted by Carley Garner, suggest that the oil speculat...
Jim Cramer’s Investing Club meeting Monday: Fed, oil stocks, Disney
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. The Fed is winning Watching...
Oil Wells Creeping Into Texas Cities Herald Shale Era’s Twilight
(Bloomberg) — Each morning when Michael Quinn pulls into the parking lot of the luxury apartment complex he manages in West Texas and looks across the street, an unsightly vision blots the horiz...
Oil Traders Pump a Record $500 Million Into One Fund as Prices Plunge
(Bloomberg) — One oil exchange traded fund pulled in a giant amount of cash last week as some investors piled into the market during its worst rout in months. Most Read from Bloomberg WisdomTree...
Dimon Highlights Need For More Oil And Gas Investment As Vanguard Bails On ESG Group
UNITED STATES – SEPTEMBER 22: Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate … [+] Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nat...
Is it safe to buy oil amid delivering negative returns on the year?
2022 turned out to be a tricky year for oil traders. Until recently, oil delivered positive returns on the year, moving to the $130/barrel area. It opened the year around $80/barrel and spiked higher ...
Biden Energy Guru Renews Call For Big Oil To Reinvest Profits—Or Else
President Joe Biden delivers remarks on energy during an event in the Roosevelt Room of the White … [+] House on October 19, 2022. Alex Wong/Getty Images Exxon Mobil’s profitability pales compar...
20 big oil companies expected to be cash gushers in 2023 despite uncertainty
The energy sector of the S&P 500 has been the year’s best performer, yet oil stocks still appear to be inexpensive when compared with those in other industries. If you are interested in investing ...