The oil and gas market dropped this week on a number of news items that seemed to hit the energy industry all at once. OPEC is increasing production, the U.S. economy may be slowing, and U.S. tariffs have become a topic once again.
Today, the world’s economy is largely dependent on fossil fuels such as crude oil, and the demand for these resources often sparks political unrest, as a small number of countries control the largest reservoirs. Like any industry,supply and demandheavily affect the prices and profitability of c...
The gain comes as the S&P 500 dropped 0.7% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was down 0.4% on the day. The beverage giant reported better-than-expected year-end earnings before the market opened on Wednesday. The company also announced a substantial stock buyback. Where to ...
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...
It's on the back of further declines in global oil prices. Brent crude is down more than 1% to $63 a barrel. Analysts have spoken of a link to factory activity data out of China, which contracted at its fastest pace for 16 months. ...
About 160 oil tankers were sanctioned and India— a key buyer of seaborne barrels — won’t permit the ships into its ports once a wind-down period ends in March. If they stay in place under Trump, the measures have more chance of disrupting Russia’s exports of petroleum than anything...
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 ...
“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
“I refuse to say something is not possible when it comes to the price of a commodity,” says Brian Splitt of AgMarket.Net. “2020 saw the price of crude oil trade at -$40 per barrel, and I have been humbled by the market numerous times. So, to say we can’t see those prices...
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...