Russian Prime Minister Vladimir Putin visits Lukoil stationary oil platform in the Caspian Sea AFP via Getty Images For the past several months the U.S. has been shopping around other advanced democra...
Tag: Oil
U.S. Total Trade Likely To Surpass Eye-Popping $5 Trillion In 2022
U.S. merchandise trade with the world is on track to surpass an eye-popping $5 trillion in 2022, according to the latest U.S. Census Bureau data. Total U.S. trade only surpassed $4 trillion for the fi...
In 2022, U.S. Exports Could Top $2,000,000,000,000 For First Time
U.S. oil exports, slowed during the Covid-19 pandemic, have surged in recent years, as the chart, … [+] showing totals for successive months of September, reveals. Oil is the nation’s No. ...
Oil Rises Above $80 With OPEC+ Decision and Inventories in Focus
(Bloomberg) — Oil rose for a third day as data pointed to a large decline in US oil stockpiles, while traders weighed the outlook for Chinese demand and a forthcoming OPEC+ meeting. Most Read fr...
Oil prices recover from 11-month lows; EU price cap discussions flounder
Crude oil prices rebounded today from 11-month lows, with WTI and Brent trading at $78.6 and $84.8, respectively, at the time of writing, both up about 2% in the session. Yesterday’s decline came on t...
Oil Climbs as China Boosts Vaccinations, Investors Look to OPEC+
(Bloomberg) — Oil rose as China refined its approach for dealing with Covid-19 after widespread protests against strict curbs, and investors looked ahead to an OPEC+ meeting that may see a suppl...
After Stocks & Oil, Will China’s Protests Impact Crypto Markets?
On Monday, there was a widespread decline in the price of stocks and commodities as a result of unprecedented protests in key Chinese cities over the country’s stringent zero-COVID limits. These prote...
The Productivity Decline In Shale Oil Basins Is Illusory
One of the major uncertainties about next year’s oil market centers on the trend in U.S. shale oil production. Because shale drilling is highly responsive to prices and wells decline sharply, producti...
Shell share price analysis amid oil market woes
Shell (LON: SHEL) share price has come under intense pressure as the crude oil market faces elevated risks. The stock plunged to a low of 2,300p, which was about 10% below the highest level this month...
U.S. Unleashes Chevron. Oil Major To The Rescue In The Energy Crisis
CARACAS, VENEZUELA – MARCH 23: Men wearing a protective masks walk in Petare slum on March 23, 2020 … [+] in Caracas, Venezuela. While Nicol·s Maduro declared national quarantine, the inte...
U.S. stock futures fall as Chinese protests rattle markets, oil hits 2022 low
U.S. stock-index futures sank Sunday night, as Asian markets fell following widespread public demonstrations in China and as oil prices hit a 2022 low. Dow Jones Industrial Average futures YM00, -0.49...
Oil Stocks Are Showing A Peculiar Disconnect From Crude Prices
Oil stocks have continued to show a peculiar disconnect from the commodity they track, with oil equities staging a powerful rally even as oil prices have fallen sharply since the last OPEC meeting. Ov...
Oil Edges Lower With China Unrest Rippling Through World Markets
(Bloomberg) — Oil edged lower as unrest in China hurt risk appetite and the demand outlook, adding to stresses in an already-fragile global crude market. Most Read from Bloomberg West Texas Inte...
Chevron to Resume Venezuela Oil Output as US Eases Sanctions
(Bloomberg) — The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela after US sanctions halted all drilling activities almost three years ago. Most Read f...
Biden Administration Allows Chevron To Pump Oil In Venezuela—Here’s Why It’s So Controversial
Topline The Biden Administration granted a license to Chevron to resume oil production in Venezuela—easing sanctions imposed on the country in 2019 over corruption and human rights concerns—though a s...
A 5.4M Earthquake Shakes Up Oil And Gas Disposal Wells And Nuclear Waste Plans In The Permian Basin Of West Texas.
A road sign report of an earthquake in February 2016 in Oklahoma. Getty Images In the island of West Java, part of Indonesia, a moderate earthquake of magnitude 5.6 occurred on November 21, 2022. Beca...
Biden Quietly Approved 2 Million Bpd Texas Oil Terminal
Despite its clear anti-oil stance, the Biden administration has just approved a new oil export terminal for the Texas Gulf Coast, which will become the country’s biggest piece of oil export infrastruc...
Global Oil Market Flashes Warnings as Demand Concerns Spike
(Bloomberg) — The global oil market keeps sending up flares on the outlook for weaker demand. In the latest, a closely-watched gauge of Asian crude consumption tumbled to a seven-month low as su...
Europe’s new oil price cap won’t hurt Russia
An aerial view shows the Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia. European insurance and trading firms will soon ...
Sarat Sethi says oil and gas will ‘stay the leader’
Sarat Sethi, the Managing Partner and Portfolio Manager at investment advisory firm Douglas C Lane & Associates, believes oil and gas will lead the market going into 2023. The financial expert’s c...
COP 27 – Five Key Takeaways
Wood Mackenzie’s Energy Transition team. The lead-up to COP27 was inauspicious. Only 26 out of 193 countries had tightened pledges – made a year ago in Glasgow – for 2030 emissions reductions, while t...
Charts suggest a major buy opportunity for oil is coming
CNBC’s Jim Cramer said Tuesday that investors should gear up to buy oil next month, relying on charts analysis from Carley Garner. “She thinks there could be one last washout from this wee...
BP share price forecast as crude oil retreats
BP (LON: BP) share price has been in a strong bullish trend as demand for oil and gas stocks rise. The shares rose to 483p, which was a few points below the year-to-date high of 505p. They have jumped...
Goldman Sachs Provides Lower Oil Forecast on Fresh China Covid Outbreaks & ‘Hazy’ G-7 Russia Oil Price Cap
Goldman Sachs says that it cut its oil forecast by $10 due to some macroeconomic factors regarding China and Russia. Goldman Sachs recently cut back on its oil forecast for the fourth quarter of 2022 ...
Is it safe to buy crude oil after plummeting -33% from 2022 highs?
Oil traders were in for a wild ride in 2022. After trading above $120/barrel in the first half of the year, the WTI crude oil price fell by -33%, a stunning drop by all standards. Sure enough, central...
Tesla stock at two-year low, other EV-maker stocks tank as concerns swirl about China, oil futures
Tesla Inc. TSLA, -6.84% shares and shares of other electric-vehicle makers underperformed the broader market in midday trading Monday, as worries about China’s COVID lockdowns were back to the f...
Energy stocks look ‘especially vulnerable’ to crude-oil selloff
Something appears wrong with the chart comparing energy stocks with crude-oil prices, as what used to be a near-100% correlation has flipped to negative since oil prices peaked earlier this year. Bria...