Buyers fear long-term supply contracts will conflict with carbon-neutral targets, according to executives
The biggest Western oil companies, Exxon, Chevron and Shell, have delivered record profits, but investors are still wary.
For instance, the blowout U.S. jobs numbers for January released Friday, on the back of what the Fed calls disinflation. Historically, there has been a strong positive correlation between jobs and crude prices. Oil eventually capsized in a sea of red with gold and other commodities as the dollar’s rebound from 10-month lows made raw materials priced in the U.S. currency costlier for non-dollar holders.
(Bloomberg) -- India is playing an increasingly important role in global oil markets, buying more and more cheap Russian oil and refining it into fuel for Europe and the US.Most Read from BloombergUS Downs Chinese Balloon, Prompting Protests from BeijingTrump Offers $1 Million Bond to Appeal Clinton Suit SanctionsWhat You Need to Know About the Alleged Chinese Spy Balloon Shot Down by the USFrom China to Big Sky: The Balloon That Unnerved the White HouseThousands Mistake US Research Balloon for
Each of these three stocks offers something different for passive-income investors.
Newly-listed OPAL Fuels Inc. (Nasdaq: OPAL) provides renewable natural gas (RNG) RNG is chemically identical to compressed natural gas, burns twice as clean as diesel Vertically integrated, beginning with source […]
The continent is weaning itself off Russian oil and gas in steps. The next phase could bring fresh snags for buyers and fat profits for refiners.
Exxon Mobil leads blue chips near buy points as market rally gains momentum.
"Everything we have seen over the last year tells us not to underestimate that Russia hasn't got this figured out," Kpler's Matt Smith told Insider.
The EU ban on Russian fuel products has forced European nations to buy diesel elsewhere, and the Middle East could be one of the main benefactors
General Motors is revving up. The auto maker posted a $2 billion net profit for the fourth quarter. Revenue rose 28% to $43.1 billion, and GM shook off a shortage of semiconductors and other supply-chain problems that have bogged down factory schedules for more than two years.
Industrialized countries in the Group of Seven are imposing a price cap on refined Russian oil products such as diesel and kerosene.
Western economies agreed new price caps on Friday on Russia's exports of oil products that U.S. Treasury Secretary Janet Yellen said would build on the crude oil cap set in December and further limit Russian oil revenues while keeping global energy markets supplied. The coalition imposing the measures, the Group of Seven economies, the EU and Australia, set the new price caps at $100 per barrel on products that trade at a premium to crude, principally diesel, and $45 per barrel for products that trade at a discount, such as fuel oil and naphtha. The price caps, together with a European Union ban on Russian oil product imports that also comes into force on Sunday, seek to limit Moscow's ability to fund its war in Ukraine, which began nearly a year ago.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips As many of you know, I’ve been bullish on the energy sector. So, in today’s Market 360, I’d like to explain why. We’ll also review a few of the big energy giants’ earnings – Chevron Corporation (CVX), Exxon Mobil Corporation (XOM), and Shell plc (SHEL) – which released their fourth-quarter earnings in the past week. The post Big Oil Companies Report Strong Earnings appeared first on InvestorPlace.
The U.S. and its allies agreed to cap the sales prices of premium Russian petroleum products such as diesel and low-value ones such as fuel oil.
The U.S. and its Western allies announced new measures on Friday to cap the price of additional Russian petroleum products, including diesel and gasoline.
(Bloomberg) -- The Group of Seven nations and the European Union member states have agreed to impose a cap of $100 per barrel on sales of Russian diesel to third countries as part of an effort to limit Moscow’s revenues. Most Read from BloombergUS Downs Chinese Balloon, Prompting Protests from BeijingTrump Offers $1 Million Bond to Appeal Clinton Suit SanctionsWhat You Need to Know About the Alleged Chinese Spy Balloon Shot Down by the USFrom China to Big Sky: The Balloon That Unnerved the White
European Union governments tentatively agreed Friday to set a $100-per-barrel price cap on sales of Russian diesel to coincide with an EU embargo on the fuel — steps aimed at ending the bloc's energy dependence on Russia and limiting the money Moscow makes to fund its war in Ukraine.
Countries coping with high energy costs are turning to Venezuela as the U.S. relaxes curbs that have kept its supplies off limits for years.
Oil futures end lower on Friday to tally a loss for the week, as traders await clarity on China's demand picture in the wake of the Lunar New Year holiday.