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The American Petroleum Institute (API) reported a large draw this week for crude oil of 3,799 million barrels, while analysts predicted a draw of 110,000 barrels. The build comes as …
Oil Rises Further As API Reports Large Crude Draw Read More
ExxonMobil expects all new cars sold two decades from now to be electric vehicles. But the US supermajor also believes that people will “pay a high price” in this rush …
Exxon CEO Warns That Consumers Will Pay For Hasty Energy Transition Read More
President Biden’s national security adviser Jake Sullivan on Monday stepped in to interrupt French President Emmanuel Macron as he broke bad news to Biden – with journalists feet away – …
Biden aide interrupts as Macron spills bad news about oil crisis Read More
The chaotic mix of record fuel prices and an unending supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them. In recent weeks, …
Just keep your returns: Target, Walmart, other stores weigh paying you not to bring back unwanted items Read More
By Julianne Geiger – Jun 24, 2022, 12:11 PM CDT The number of total active drilling rigs in the United States rose by 13 this week, according to new data …
US Drillers Add 10 Oil Rigs As Permian Takes The Lead Read More
Berkshire Hathaway ( (BRK.A) – Get Berkshire Hathaway Inc. Report) purchased another 9.6 million shares of Occidental Petroleum ( (OXY) – Get Occidental Petroleum Corporation Report), increasing the behemoth’s total …
What Did Warren Buffett See in Occidental That Carl Icahn Missed? Read More
The Russian ruble has rebounded from crippling economic sanctions imposed on Moscow following the invasion of Ukraine and is now at its strongest in more than seven years – earning …
Why the Russian ruble is strongest currency so far this year Read More
The oil market is currently going through one of the most turbulent periods since the infamous March 2020 collapse, as investors continue to grapple with recessionary fears. Oil prices have …
Is It Too Late To Invest In The Oil Price Rally? Read More
President Biden escalated a war of words with Chevron CEO Michael Wirth Tuesday after the country’s second-largest oil company rejected the president’s “political rhetoric” about high gas prices. “He’s mildly …
Biden mocks ‘sensitive’ Chevron CEO Michael Wirth in spat over gas price claims Read More
The Indian government has asked state oil companies to scoop up huge volumes of cheap crude from Russia, according to industry executives, strengthening commercial ties with the country even as …
India Tells Oil Companies to Load Up on Discounted Russian Crude Read More