Considering South Africa’s crippling energy crisis, oil-centric Tehran should be an obvious trade partner – but Xulu highlights contradictions here as well. “We thought closer ties with Iran were about energy security, but we’re not investing in green energy. Iran’s crude oil doesn’t al...
StanChart says sentiment has generally been poor, weighed down by forward-looking demand concerns despite actual demand data being robust. StanChart has been able to gauge crude demand on a global scale following the release of Joint Oil Data Initiative (JODI) data on 19 August. According to ...
Shares ofMicron Technology(NASDAQ: MU)were slipping Thursday. The firm's stock is down 2.9% as of 1:25 p.m. ET, but lost as much as 5.4% earlier in the day. The move down comes as theS&P 500(SNPINDEX: ^GSPC)gained 0.3% and theNasdaq Composite(NASDAQINDEX: ^IXIC)fell 0.1%. Des...
Diamondback Energy(NASDAQ: FANG)dropped 12.2% but is now down 10.9%, andAPACorporation(NASDAQ: APA)lost 9.8% of its value and is currently off 8.9% this week.
The U.S. is the largest producer of crude oil, which begs the question: why are we still paying so much? "It is because that oil is traded on a global market. So, today the price of oil per barrel is about $120. People are paying that in countries all ov...
While oil traders and analysts credited the tension with driving crude up nearly two dollars on Sunday,crudequickly retreated on Monday morning, and traded below its Friday close. "Surprisingly enough, we're selling down," saidAddison Armstrong, director of market research at Tradition Energy. "It...
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“Our air is a finite resource,” he says. “We must address emissions today. We can control a lot of global warming by addressing the energy sources we use locally.” Dig Deeper:Everything You Need to Know About Renewable Diesel
The article reports that the price of the March 2009 New York Mercantile Exchange (NYMEX) crude oil futures contract fell 7% on February 11, 2009. This close of $35.94/bbl is the lowest since the February contract closed at $35.40/bbl in January 2009. It states that the price was down ...
As one might expect, demand for renewable natural gas is a function of the global energy market. As prices for conventional energy soars, typically higher priced renewable forms of energy become more attractive. Today, theprice of crude oilhas surged past the $100 level once again. This move...