Economy
Forecasts for an inventory decrease during the third quarter peak summer demand season and geopolitical uncertainties from the Middle East war kept Brent oil...
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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle
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Solana Memecoin Cabals Disrupt Crypto Frontier
Former Binance CEO Changpeng Zhao inspires flood of ‘Broccoli’ memecoins: ‘I am just posting my dog’s picture’
Coinbase posts near-record results, but stock slumps on concern over temporary ‘Trump bump‘
Coinbase posts $TKB in Q4 revenue on back of crypto bull market
Who is Alexander Vinnik, the Bitcoin criminal Trump freed in a prisoner exchange with Russia?
- Lifestyle
Fans react after Usher’s 2024 BET Awards speech is muffled.
Alcaraz makes early entry into all-court elite with French Open victory.
Meghan’s Lifestyle Brand Takes Off with Its Premier Product
Female Power: Songwriter Conquers Male Competition in Video Gaming
Ukrainian Amputee’s Survival: The Inspirational Role of His Wife’s Voice
- People
Timothée Chalamet jokes about Dune popcorn bucket, constantly losing at award shows in SNL open
UK’s King Charles urges compassion and care for the environment in times of conflict
In Christmas Day message, pope decries Gaza’s ‘appalling harvest’ of civilian deaths
An ex-FBI official is to be sentenced in the US over work for Russia’s Deripaska
A Ukrainian teen returns to Ukraine after being taken to Russia from occupied Mariupol
All posts tagged "crude oil"
Business
The 50-year U.S.-Saudi petrodollar deal expired recently. Global crude oil transactions employ the U.S. dollar, known as the “petrodollar”. After the U.S. left the...
Economy
On Thursday, oil prices remained stable after significantly declining in the previous session. This was because fears of shipping interruptions along the Red Sea...
Economy
Oil rises on US inventory draw, upbeat demand expectations. The price of oil increased in Asian trading on Thursday, extending the gains made in...
Economy
The unpredictability of OPEC+‘s voluntary output cutbacks, the ongoing tension in the Middle East, and the lackluster economic statistics from the United States all...
Economy
Oil is down as uncertainty over OPEC+ supply cuts and demand growth weigh in. Even though the possibility of supply interruptions caused by the...
Business
Greenpeace, an environmental organization, said on Monday that large oil and gas corporations in China and other countries are “greenwashing” their natural gas imports...
Economy
Brent holds above $80 a barrel ahead of the OPEC+ meeting. With Brent maintaining its price over $80 per barrel, oil prices saw minimal...
Business
After OPEC+ postponed a ministerial meeting, prompting suspicion that producers could cut output less than planned, oil prices fell by more than one percent...
Business
In subdued pre-U.S. Thanksgiving holiday trade on Wednesday, oil prices slightly declined as investors awaited word on output cutbacks from the OPEC+ producers group...
Politics
Russia has little reason for a drastic change since its energy revenue is solid, oil prices are higher than its projections, and its budget...
Economy
Oil futures dropped on Tuesday, reversing significant gains gained in the previous two trading days, as investors turned cautious ahead of a meeting of...
Business
Oil futures moved higher on Monday, extending their gains in anticipation of OPEC+ deepening production curbs to prop up prices, which have declined for...
Economy
On Friday, the price of oil increased, a day after falling to a four-month low and 5% to a new low the day before,...
Economy
As signs of increased US production coincided with worries about China’s weak energy demand on Thursday, oil prices continued their downward trend from the...
Business
One day after the International Energy Agency’s (IEA) increased its projection for this year’s rise in oil demand, oil prices increased on Wednesday due...
Economy
The IEA raises oil demand growth forecasts despite economic gloom. Despite an anticipated slowdown in economic development in almost all of the world’s major...
Economy
Monday saw a sharp decline in oil prices, wiping out gains from Friday as fresh worries about slowing demand in China and the U.S....
Economy
Monday saw a little increase in oil prices as major producers Saudi Arabia and Russia declared they would continue with more voluntary reductions in...
Economy
Oil heads for weekly losses as Mideast worries ease and China demand is uncertain. Friday saw no movement in oil prices, but they were...
Economy
Ahead of this week’s significant meetings of world central banks, including the U.S. Federal Reserve, oil prices slightly increased in Asian trade on Wednesday....
Economy
After falling more than 3% the day before, oil prices rose in Asian trade on Tuesday as concerns about supply sparked by the Middle...
Economy
Oil prices increased on Tuesday, regaining some losses they had sustained the previous day. Investors were concerned that the battle between Israel and Hamas...
Economy
Oil prices fell more than $1 on Monday due to concerns for a larger war in the oil-rich area and a strain on supply...
Business
On increased concerns that the Israel-Gaza war may expand throughout the Middle East and disrupt supply from one of the world’s top-producing regions, oil...
Economy
After hundreds were murdered in an explosion at a Gaza hospital on Wednesday, tensions in the Middle East increased, raising worries about possible interruptions...
Business
Investors are watching to see if the Israel-Hamas war involves other nations, which might push up prices further and inflict a major blow to...
Economy
On Monday, there was increased concern over the rising bloodshed in Gaza and the possibility that the battle may involve more than just Israel...
Economy
Oil rises as U.S. sanctions stockpile forecasts raise supply worries. In an already competitive market, the tightening of U.S. sanctions against Russian crude shipments...
Economy
Saudi Arabia-Russia supply cuts disrupt oil and U.S. dollar relations. Oil’s propensity to move in the opposite direction of the U.S. dollar has been...
Economy
Oil dips on investor caution as market eyes Middle East turmoil. After rising more than 4% the previous day, oil prices fell on Tuesday...
Economy
Asia shares pick up after Fed rate comments; oil dips. Asian stocks increased on Tuesday as bond rates fell, which was supported by comments...
Economy
The Middle East war increased the price of oil and Treasury bonds, which caused U.S. stock futures to decline on Monday. Meanwhile, the hot...
Business
On Thursday, oil prices dropped more than $1, adding to the previous session’s steep losses as an unreliable demand picture outweighed any positive impact...
Business
Oil prices dropped on Wednesday as demand worries brought on by macroeconomic headwinds overshadowed Saudi Arabia’s pledge to maintain oil supply curbs through the...
Business
Eni, an Italian energy company, revealed on Monday that it has made a significant gas find in Indonesia, extending its presence in the Asian...
Business
On Friday, oil prices were mixed during a volatile trading session due to concerns about the macroeconomy and profit-taking. However, oil prices were expected...
Business
Oil prices plummeted by more than $1 on Wednesday ahead of the U.S. Federal Reserve’s interest rate decision, leaving investors unsure when peak rates...
Economy
Oil prices rise on supply deficit concerns. Oil prices increased for the fourth straight session on Tuesday as sluggish U.S. shale output raised concerns...
Economy
Oil rises on supply concerns and China’s demand recovery. On Monday, oil prices jumped for a third straight day on expectations of a wider...
Business
Oil rebounds as markets refocus on supply tightness. Oil prices rose on Thursday after dipping the day before as markets returned to a tighter...
Business
Oil prices ease, but supply cuts keep Brent above $90/bbl. Fuel demand fell on Monday due to a stronger U.S. currency and economic worries...
Business
Oil prices rose Tuesday as markets evaluated August production curbs by main exporters Saudi Arabia and Russia against a dismal global economic outlook. On...
Business
According to marketing documents obtained by Reuters, Chevron (CVX.N) is selling multiple oil and gas holdings in New Mexico and Texas to reduce acreage...
Business
Oil prices surged above $75 a barrel on Friday, but sluggish global economic activity and gasoline demand threatened a fourth quarter of losses. At...
Business
Exxon Mobil (XOM.N) has committed to developing more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc. (TTI.N), its second effort to control...
Business
After a larger-than-expected drop in U.S. crude and gasoline stocks, oil prices rose on Wednesday. Brent crude prices jumped 32 cents, or 0.4%, to...
Business
Oil was marginally higher on Monday after an aborted weekend rebellion by Russian mercenaries increased concerns about petroleum supply, while markets lacked direction as...
Economy
UAE bourses rise despite poor soil, rate-hike bets. Investors appeared to shrug off a drop in oil prices on Friday as fears over sluggish...
Business
Oil prices fall as banks slash, China growth estimates. Last week’s gains were erased on Monday as concerns over China’s economy trumped OPEC+ supply...
Economy
Oil falls as China’s economy falters in May. In May, China’s industrial output and retail sales growth missed predictions, confirming fears about a lackluster...
Business
Oil prices fell on Wednesday as industry data indicated an unexpected growth in U.S. oil stocks, signaling poor demand to anxious markets about recession...
Business
Bargain hunting lifted oil prices on Tuesday, but investors remained cautious ahead of crucial Fed and central bank policy meetings. By 0340 GMT, Brent...
Business
Oil prices fell on Monday ahead of a U.S. Federal Reserve meeting as investors assessed the central bank’s appetite for rate hikes and worried...
Business
Several OPEC+ sources told Reuters that Saudi Arabia kept its proposal to deep cut its oil output a secret during a weekend of OPEC+...
Business
Oil prices fall for the second week as China’s recovery disappoints. On Friday, oil prices fell due to fears about Chinese demand and skepticism...
Economy
Oil falls as the global economy outweighs Saudi output decrease. Oil prices fell early on Tuesday as global economic fears overcame supply worries after...
Economy
After Washington passed a debt ceiling bill, oil prices jumped on Friday as markets considered OPEC+ production cutbacks over the weekend. After two days...
Business
On Thursday, a possible slowdown in U.S. interest rate hikes and the debt ceiling bill gaining a crucial vote boosted oil prices. Brent crude...
Economy
Oil dipped on Tuesday as concerns about the U.S. debt ceiling pact dampened the risk-on attitude, and inconsistent statements from major producers muddied the...
Economy
Oil surges after US leaders reach a temporary debt deal. After U.S. officials negotiated a tentative debt ceiling compromise on Monday, oil prices jumped,...
Business
Oil prices were unchanged on Friday amid conflicting supply messages from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting, a stronger...
Economy
Oil prices fell Wednesday after U.S. stocks and fuel supply tightened, and the Saudi energy minister warned speculators of more OPEC+ output restrictions. By...
Business
Oil rises on tighter supplies and increasing gasoline demand. On Tuesday, investors expected a tighter market due to seasonal gasoline demand and OPEC+ supply...
Business
Abu Dhabi National Oil Co. announced a broader maritime and logistics IPO on Monday. Reuters forecasts that ADNOC will offer 19% of ADNOC Logistics...
Business
Oil prices were stable on Monday as U.S. debt ceiling negotiations dampened confidence about demand later in the year and offset support from reduced...
Business
After weaker-than-expected economic data from the world’s two major oil customers, the United States and China, oil prices fell again on Wednesday. Brent futures...
Business
As U.S. and Chinese economic worries resurfaced, oil prices fell for a fourth week on Friday. By 0635 GMT, Brent crude futures fell 48...
Business
Crude prices dipped on Wednesday, halting a three-day gain, as an unexpected surge in U.S. crude stocks raised demand worries, and investors awaited inflation...
Business
Oil prices dipped on Tuesday as the market remained cautious ahead of April U.S. inflation numbers, which will influence the Fed’s next interest rate...
Business
U.S. rate hike forecasts and China PMI drop oil prices. Oil prices dipped on Monday due to concerns about rising interest rates from the...
Business
Refining earnings offset a drop in energy prices and oil and gas output to boost first-quarter profit for oil major Chevron Corp (CVX.N) on...
Business
China’s demand and rate rises to keep oil prices constant. Investors balanced robust holiday travel in China, which might raise gasoline consumption, against rising...
Business
Rate rises, and global economic uncertainties lower oil prices. Oil prices dipped on Monday as worries about increasing interest rates, the global economy, and...
Economy
Tightening supply lifts oil; IEA demand outlook expected. Oil prices increased on Friday as the market awaited the International Energy Agency’s (IEA) monthly report...
Business
A securities report on Wednesday showed that Chevron Corp (CVX.N) CEO Michael Wirth was paid $23.6 million in 2022, up 4% from the previous...
Business
China’s potential economic boost, strong Asian demand, and falling U.S. crude stocks lifted oil prices on Tuesday. Brent crude prices jumped 64 cents, or...
Business
Oil prices remained flat on Monday as investors evaluated the likelihood of tighter supply from OPEC+ producers in May against concerns about slowing global...
Business
Since the EU banned Russian oil products, Singapore’s naphtha imports nearly quadrupled in the first quarter of 2023, official statistics indicated. Reuters calculated from...
Business
Oil declined on Thursday as bad U.S. economic data fueled fears about a worldwide recession and demand contraction, although benchmark prices rose for the...
Business
On Thursday, Shell (SHEL.L) said it expected stronger LNG output in the first quarter after disruptions at its Australian plants last year and stable...
Business
With OPEC+’s announcement to cut output on Monday, oil prices jumped on Tuesday as investors focused on demand and the global economy. At 0925...
Economy
Shell representatives canceled two Singapore biofuel and base oil projects on Thursday. In an email to Reuters, the company was abandoning a biofuels operation...
Business
Saudi Aramco (2222. SE) and its Chinese partners plan to begin full operations at a northeast China refinery and petrochemical complex in 2026 to...
Breaking News
Oil prices rose on Monday due to optimism about China’s demand, more production cuts by major suppliers, and Russian supply cuts. Brent Crude Oil...
Economy
The Organization of Petroleum Exporting Countries’ reduction of crude output has made money managers optimistic about West Texas Intermediate oil prices for the first time...