Topline Oil prices plummeted to 10-month lows Monday morning after stark warnings from Chinese officials shed light on the nation’s increasingly worrisome Covid outbreak—highlighting the uncerta...
Tag: Oil
Russia Loses 90% of Its Key European Oil Market Before Sanctions
(Bloomberg) — With just two weeks to go until European Union sanctions come into force, Russia has already lost more than 90% of its market in the bloc’s northern countries, previously the mains...
Oil Prices Are Likely To Continue To Decline
Photo by David McNew/Getty Images Getty Images Oil is likely to extend its decline. The histograms show that oil is entering the weakest part of the month in what has been the weakest month of the yea...
Oil Sinks as China’s Struggle With Covid Blights Demand Outlook
(Bloomberg) — Oil sank again following the biggest weekly decline since August as China tightened anti-Covid curbs, hurting the outlook for demand. Most Read from Bloomberg Global benchmark Bren...
Oil futures fall 10% for week as China’s COVID worries darken demand picture
Oil futures logged their second straight weekly declines, pressured as a resurgence of COVID-19 worries clouded the energy demand picture, and broader markets kept eyes on a hawkish Federal Reserve. U...
Freeport LNG Says It Hopes for Restart of Texas Plant in December
Freeport said production could reach 2 billion cubic feet per day in January, and full production could be back in March 2023. Photo: MARIBEL HILL/Maribel Hill via REUTERS Nov. 18, 2022 12:44 pm ET | ...
This Oil Stock Climbs 45% In 2022, Benefits From New Texas Oil Boom
Oil stocks continue to dominate investors’ watchlists. Among top stocks in this leading sector, Earthstone Energy (ESTE) in IBD Sector Leaders stands out for its high-quality fundamentals. X The...
buy ‘oil services stocks’ to play the energy trade from here on out
Oil is now back to the sub $90 level but that does not signal an end to the “energy trade”. In fact, it’s an opportunity to load up on oil stocks as far as Paul Sankey is concerned. Why is he bullish ...
Oil Rout Intensifies As China Cuts Oil Purchases
The selloff in oil continued on Friday, with WTI prices falling more than 5% as China reportedly asked the Saudis to ship less crude in December. Oilprice Alert: This week’s Global Energy Alert ...
Permian Basin Drives The U.S. Oil Industry Despite Limits On Growth
Oil Wells pumping outside of Midland Texas. (Photo by: Joe Sohm/Visions of America/Universal Images … [+] Group via Getty Images) Joe Sohm/Visions of America/Universal Images Group via Getty Ima...
US Oil Futures Point to Oversupply for First Time This Year
(Bloomberg) — The US crude market’s structure is signaling oversupply for the first time in almost a year, the latest indicator of the scale of the dramatic slump in the nearest section of the o...
Top Oil Exporter Saudi Arabia, Led By The Crown Prince And New Prime Minister, Is Greening Up.
Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative (FII) conference in … [+] the Saudi capital Riyadh in 2018. AFP via Getty Images Big oil statistics. With oil prod...
Oil buy, P&G tailwinds, sticking by TJX
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 Friday’s key moments. Opportunity to buy oil PG i...
Tullow Oil share price double-top points to a pullback
Tullow Oil (LON: TLW) share price remained in a consolidation mode this week after the company published its trading statement. The shares dropped to 46.42p, which was much lower than this month’s hig...
Steve Mnuchin says G-7 Russian oil price cap ‘most ridiculous idea’
Former US secretary of the treasury Steven Mnuchin on a panel at the Future Investment Initiative in Saudi Arabia in October 2022. Mnuchin this week criticized the G-7’s plan for a cap on Fayez ...
Oil Sinks as Ominous Demand Signals Gather on Multiple Fronts
(Bloomberg) — Oil tumbled as everything from Wall Street sentiment to sagging demand for physical barrels of crude pointed toward an economy headed toward a slowdown. Most Read from Bloomberg Br...
Saudi Arabia Cuts Oil Exports as Kingdom Implements OPEC+ Deal
(Bloomberg) — Most Read from Bloomberg Saudi Arabia has cut oil exports sharply this month as the kingdom delivers on an OPEC+ agreement to shore up global crude markets. Saudi shipments were do...
Oil Producers Deliver Reality Check At COP27 Climate Summit
US Special Presidential Envoy for Climate John Kerry speaks at the opening of the US Pavilion during … [+] the COP27 climate conference at the Sharm el-Sheikh International Convention Centre, in...
Gold value compare to the prices of Bitcoin and oil
The value of Gold, accomplice to the setbacks of the dollar and the prices of Bitcoin and oil, is experiencing a golden moment that analysts say is destined to last long, aiming as high as $1,900. The...
Oil Majors Are Betting Big On Suriname
After a series of dry wells were drilled in the Guyana-Suriname Basin from the 1960s through to the 1980s, offshore Guyana and Suriname were ignored by global energy companies. Interest was reignited ...
The Great Russian Oil Switch Is Gathering Momentum
(Bloomberg) — Diversion of Russia’s crude exports to Asia is gathering pace, with record volumes heading on tankers to the region’s ports. The need to switch is becoming more acute as a ban loom...
Iraq Seeks Stable Oil Prices as It Rebuilds, Premier Says
(Bloomberg) — Iraq, OPEC’s second-largest producer, seeks to keep oil prices near current levels to ensure market stability as the country rebuilds, according to new Prime Minister Mohammed Shia...
Oil Prices Could Jump in December. Energy Stocks Should Get a Jolt.
Oil prices have had a quiet November, holding steady around $90 per barrel. There’s a good chance the calm won’t last. A new set of sanctions from Europe will ratchet up the pressure against Russia an...
Stocks To Buy And Watch Include Oil Play Up 116% In 2022 With Big Earnings And Sales Growth
Investors should be actively looking for top growth stocks to buy and watch after the major indexes had their best day Thursday since early 2020. One name to consider for your watchlist is from IBD...
The Inside Story Of The Battle Against Climate Change Denial By Peter Stott — Review
The shocking behind-the-scenes story of climate deniers’ fight to discredit climate change science over the past twenty-five years, told by one of the world’s foremost climate scientists who lived it ...
Oil And Gas Investor On High-Speed Acquisition Path; In Buy Zone After Strong Earnings
Northern Oil & Gas (NOG) is in the buy zone after mounting the 33.60 buy point of a cup-with-handle base. Volume surged when shares broke out in September and have held above their 50-day line, de...
Oil and Gas Industry Giant Shell Forays Into Bitcoin Mining Industry
3 hours ago | 2 mins read Bitcoin News Shell aims to confer green transition to Bitcoin mining. As per data, Bitcoin mining consumes 103.01 TWh per year. Shell plc, the London-based oil and gas indust...
Oil, Club news, Disney earnings
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 Tuesday’s key moments. Oil in focus Quick mention...