Standard Chartered Says Peak Oil Demand Is Not Imminent

nakedcapitalism.com Yves here. As global conflicts seem way too likely to blow big, and US politics look, as Lambert would say, overly dynamic, the global warming train is not slowing down.…

Is It Time To Buy XOM Stock As Shares Come Off A High And Earnings Loom?

investors.com has retreated after reaching a buy point and a new high. Can XOM stock reclaim the throne of the energy industry? Or has the stock peaked? Exxon stock fell to a 52-week low…

U.S. reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

pbs.org The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro’s attempts to consolidate his rule just six months…

Global Oil Demand Surges in February, Hits Five-Year Seasonal High

tftc.io Global oil demand experienced a significant upswing in February 2024, increasing by 1.2 million barrels per day (bpd) from the previous month and reaching a five-year…

US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

seattletimes.com The Biden administration has reimposed crushing oil sanctions on Venezuela in a rebuke to President Nicolas Maduro’s attempts to consolidate his rule just six months after…

If This Happens in China, Oil Could Soar

247wallst.com There is an actual shooting war in the Middle East right now, but the lack of a retaliation on Iran by Israel has kept oil somewhat rangebound. Lee Jackson and Doug McIntyre…

3 Energy Stocks to Buy Now: Q2 Edition

investorplace.com Find out which energy stocks are set to surge The global energy industry presents incredibly wide opportunities. Companies in this sector often work in producing and…

Nigeria’s government is targeting a 60% jump in revenues

semafor.com The News Nigeria’s government is targeting a 60% increase in revenues this year in order to keep debt at sustainable levels and relieve widespread hardship, the country’s…

Even without war in the Gulf, pricier petrol is here to stay

economist.com When Iran’s missiles whizzed towards Israel on Sunday April 14th, oil markets were closed. When they opened 24 hours later, their reaction was a loud “meh”. Brent crude, the…

Russia’s $13.4bn current account surplus in March second highest since 2007

intellinews.com Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007. “Russia's March 2024…

Rising oil prices may affect timing of Bank of Canada rate cuts, economists say

financialpost.com Oil prices reached their highest levels in five months this week, and economists say that could make the Bank of Canada a “little concerned” as it figures out the right time…

Don’t Miss Out: 7 Hot Energy Stocks You Need to Own Now

investorplace.com Investors should take a look at these hot energy stocks as crude prices grow Energy stocks are again in fashion with investors. During the month of March, the energy sector…

Oil prices slip as concern eases about Middle East supply risk

theglobeandmail.com Oil edged lower on Tuesday as easing concern about supply risks and a rapidly escalating conflict after Iran’s weekend attack on Israel offset data showing China’s economy…

Oil prices rise on China growth, Middle East tensions

investing.com Oil prices rose on Tuesday after data showed China's economy grew faster than expected, while heightened tensions in the Middle East also kept markets on edge after Israel…

The Massive Taxes Coming Your Way In 2nd Biden Term

foxnews.com Donald Trump has outlined his plans for federal taxation should he be elected. "I will make the Trump tax cuts permanent. You know they expire in a year. And we will cut…

IEA slashes oil demand outlook amid the end of the post-pandemic rebound and expanding EV adoption

aol.com None The IEA downgraded its global oil-demand forecast to 1.2 million barrels a day through the rest of the year. • None The group cited weak OECD deliveries, the end of the…

3 Oil & Gas Penny Stocks That Can Double in 3 Quarters

investorplace.com Oil companies with strong fundamentals and robust cash flow outlook for the coming quarters Brent oil price has touched $90, which has caused escalating geopolitical…

Oil prices could breach $100 on much more dangerous Middle East, analysts warn

financialpost.com After reaching its highest price since October, oil could rise even further and possibly breach the US$100 mark this year if tensions in the Middle East continue to…

What next for oil prices after Iran’s attack on Israel?

theguardian.com Investors are on high alert as they await Israel’s response to Iran’s attack. However, oil prices dropped on Monday even as Israel’s war cabinet met to discuss its response.…

Canada’s Trans Mountain Project Seen Spelling Trouble for OPEC Member Iraq

finance.yahoo.com Canada’s newest oil pipeline may spell trouble for a Middle Eastern country almost 7,000 miles away: Iraq. • None Israel Versus Iran — What All-Out War Could Look Like •…

How the Israel-Iran conflict could send oil prices higher

aol.com Iran’s unprecedented attack on Israel over the weekend has ratcheted up tensions in the oil-rich Middle East yet again, threatening to send fuel prices skyward if the…

Oil prices slip as risk premium eases after Iran attack

theglobeandmail.com Oil prices slipped by about 1 per cent on Monday, with the market downplaying the risk of broader regional conflagration after Iran’s weekend attack on Israel. Brent futures…

Oil prices could see 'super spike well above $100' if conflict escalates after Iran's attack on Israel

cnbc.com Oil prices could soar to $100 per barrel and beyond, said market watchers, after Iran mounted an aerial attack against Israel reigniting fears of a regional war. Iran is…

Oil prices mixed with Iran-Israel escalation in focus By

investing.com Investing.com-- Oil prices were a mixed bag in Asian trade on Monday after an Iranian strike against Israel over the weekend pointed to worsening geopolitical conditions in…

Oil prices lower after Iran attack on Israel

bbc.co.uk "Clearly, the oil market does not see the need to factor in any additional supply threat at this point," energy analyst Vandana Hari said. Brent crude may well fall below…

If You Like This High-Yield Vanguard Fund, Then You'll Love These Two Dividend Stocks

finance.yahoo.com Whether you are an experienced investor or just getting started, exchange-traded funds (ETFs) can be a great addition to your portfolio for their diversification and…

Gulf markets dip in sign of investor concern after Iran attacks Israel

investing.com Gulf markets were down slightly on Sunday, providing an early indication of investor reaction to Iran's unprecedented attack on Israeli territory. Saudi Arabia's benchmark…

Markets brace for oil to hit $100 as Saudi slashes production

finance.yahoo.com Oil prices are poised to hit $100 a barrel by May, analysts have warned, as Saudi Arabia extends supply cuts. Rising geopolitical tensions and an extension to the Opec…

3 Overlooked Stocks That Can Easily Double in 2024

investorplace.com Now's the time to look at these overlooked stocks set to double this year Looking beyond the headline-creating stocks, it’s important to consider companies that fly under…

Oil surges to highest level since October on escalating Middle East tensions

finance.yahoo.com Oil surged as much as 3% on Friday to its highest level since October on reports that Israel is preparing for an imminent attack on government targets from Iran as soon as…

3 Energy Stocks Poised for Profits in April

entrepreneur.com The energy sector is expected to grow significantly due to geopolitical tensions, supply constraints, and rising global demand for natural gas and crude oil. Therefore,…

Soaring prices pose threat to consumers, and Biden

axios.com Data: Yahoo Finance; Chart: Axios Visuals Summer hasn't even started yet, but oil markets are already making things uncomfortably hot for the White House. Why it matters:…

Today's Logistics Report: Baltimore Port Director's Focus; Mexico's Trade Gains; Amazon's Cost Cuts

createsend.com Producer prices in the U.S. rose a less-than-expected 0.2% in March. (WSJ) Europe's central bank is holding interest rates at a record high while signaling it is moving…

IEA trims 2024 oil demand forecast on weakness in wealthier countries

theglobeandmail.com The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing lower than expected consumption in OECD countries and a slump in…

Growth in oil use slows, IEA says, as prices hit $90 a barrel

ft.com Paris-based group trims forecasts, in sharp divergence with producers’ cartel Opec

Oil rebounds on Mideast tensions but set for weekly loss

investing.com Oil prices rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, though prices are set for weekly…

Oil Resumes Gain as Israel Prepares for Potential Iran Attack

finance.yahoo.com Oil resumed gains as Israel braced for a potential strike by Iran or its proxies, and traders looked ahead to an International Energy Agency report on the supply and demand…

Crude Oil Futures Settle Lower as Geopolitical Jitters Ease

barrons.com Crude futures return gains from yesterday's spike on geopolitical risk perception as the market considers the impact of a stronger dollar and this week's big U.S. crude…

Inflation is creeping higher at the worst time

cnn.com Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. There’s rarely a good time for prices…

OPEC Slightly Increases Oil Production in March

tftc.io In a recent report, the Organization of the Petroleum Exporting Countries (OPEC) disclosed a marginal increase in crude oil production for March 2023. The cumulative output…

March CPI Numbers Challenge Inflation Narrative

tftc.io The US Consumer Price Index (CPI) for March 2024 exceeded expectations, continuing a pattern of fluctuating perceptions around inflation. While disinflation seemed to take…

OPEC sees robust summer oil demand, economic upside potential

theglobeandmail.com OPEC on Thursday predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024, while saying there was a…

Oil prices stay near six-month highs on Middle East tensions

theglobeandmail.com Oil prices were steady near six-month highs on Thursday after rising by a dollar a barrel in the prior session as investors braced for a potential attack on Israeli…

Unwinding Fed rate cuts, ECB decision, earnings season

investing.com Investing.com -- The hot March inflation report has resulted in an unwinding of rate cut expectations for June, and traders will look at the producer prices report for more…

Oil prices stay near six-month highs on Mideast tensions

investing.com Oil prices were steady near six-month highs on Thursday after rising by a dollar a barrel in the prior session as investors braced for a potential attack on Israeli…

Oil Holds Steady Despite U.S. Inventory Build, CPI Data

barrons.com Oil prices were broadly stable despite a larger-than-expected build in U.S. inventories and the latest inflation data weighing on large parts of the commodities complex.…

How It Started... How It's Going: Energy prices soar as Biden pursues green agenda

foxbusiness.com Energy prices have shot up by more than a third since President Biden assumed office in 2021 as stubborn inflation continues to tax Americans. The Labor Department's new…

Oil prices rise as Israeli strike overshadows ceasefire talks

investing.com Oil prices rose by more than $1 on Wednesday after three sons of a Hamas leader were killed in an Israeli airstrike in the Gaza Strip, which may complicate ceasefire talks.…

Oil will top out at $95 a barrel going into summer months, says BofA analyst

aol.com Oil prices have room to go higher and could peak short of $100 per barrel, according to one Wall Street analyst. "We think oil into the summer months will kind of top out at…

Looming $100 Oil and Soaring Inflation

tftc.io In an ominous forecast for the global economy, experts predict that oil prices may surge to $100 per barrel, spelling trouble for consumers as gasoline prices could surpass…

Oil prices break two-day losing streak after Israel threatens to strike Iran if attacked

cnbc.com Iranian people are standing in front of an anti-U.S. and anti-Israeli banner during a rally commemorating International Quds Day, also known as Jerusalem Day, and attending…

Oil prices rise as Middle East concerns offset U.S. crude stock build

theglobeandmail.com Oil prices rose on Wednesday after two days of losses as a deadlock in Gaza ceasefire talks renewed uncertainty about the security of supply from the Middle East and offset…

Why Oil Prices Have Been Rising Recently

nytimes.com The increase this year, prompted by geopolitical worries and supply constraints, has sent gasoline prices higher and could hamper efforts to tame inflation. Oil prices have…