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Tag: Brent crude
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U.S. Seizes Oil Tanker Off Venezuela in Coast Guard-Led Operation, U.S. Officials Say
Crude oil up as US plans to replenish strategic reserves
Crude oil up as US plans to replenish strategic reserves
The US Department of Energy has indicated that it will buy 6 million barrels of crude oil that should be delivered between December and January. Market reports said the US Department of Energy will sign purchase contracts for the refill at $79 a barrel or less.
How long have they been saying this?! I’ve forgotten! 🙄
Crude Inventories Decreased By 6.3 Million Barrels
The EIA report showed that U.S. was buying oil for the Strategic Petroleum Reserve despite rising oil prices.
Crude Inventories Decreased By 6.3 Million Barrels
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
The US economy isn’t in the clear just yet because of the triple threat posed by rising oil prices, the dollar, and the Federal Reserve, according to Bank of America.
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
Goldman Sachs Warns Of An Imminent Oil Supply Shortage
Goldman Sachs Warns Of An Imminent Oil Supply Shortage
According to Currie, rising demand from China and sanctions on Russian oil will contribute to the deficit, which he expects to manifest in the second quarter of this year. In response, producers will tap their spare capacity, leaving it lower than it was before. Eventually, this will lead to a serious imbalance between supply and demand.
Goldman Sachs Warns Of An Imminent Oil Supply Shortage
Crude oil could soon swing into a deficit that will make next year a difficult one, Goldman Sachs said, as spare production capacity dwindles and underinvestment threatens future supply.
Goldman Sachs Warns Of An Imminent Oil Supply Shortage
Oil Prices Jump After Russia Says It May Cut Production
After two weeks of silence in detailing how it would react to the G7 oil price cap, overnight the Kremlin raised the stakes for the west when state-run Tass news service quoted Deputy Prime Minister Alexander Novak as saying that Russia may reduce output by 500,000 to 700,000 barrels a day in response to the cap.
Oil Prices Jump After Russia Says It May Cut Production
Russia Balks At “Stupid” Oil Price Cap, Mulls Production Cut
Crude oil prices rose by roughly a percent on Friday morning on news that Russia was considering a production cut.
Brent crude oil prices rose by 0.85% on Friday morning to $76.80 at 10:20 a.m. ET, after Russian President Vladimir Putin succinctly referred to the West’s price cap as “stupid”, threatening to cut oil production in retaliation.
Russia Balks At “Stupid” Oil Price Cap, Mulls Production Cut
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