Oil price

$ 100 of oil doesn’t seem likely

Saudi Energy Minister Prince Abdulaziz bin Salman al-Saud (Photo by KARIM SAHIB / AFP via Getty … [+] Images) AFP via Getty Images A woman was recently sentenced to four days in jail for approaching a bear to take a selfie: I guess she wasn’t at NYMEX, where bears seem …

Read More »

Russia’s economy under President Putin on the charts

Russian President Vladimir Putin attends a meeting with US President Joe Biden at Villa La Grange in Geneva, Switzerland, June 16, 2021. SPOUTNIK | via REUTERS Love him or hate him, there is no doubt that Russian President Vladimir Putin has helped keep Russia firmly on the global geopolitical stage …

Read More »

Oil prices raise FTSE as US jobs report disappoints

London’s highest index was raised on Friday by its oil majors and mining giants as it ignored disappointing US employment figures. The FTSE 100 had added 0.3% to its value at the end of the day, despite a US non-farm workforce well below expectations. He finished in 17.51 ​​points at …

Read More »

Smaller packaging, same price: curse of ‘shrinkflation’ hits shopping carts | Business

Shoppers should beware of supermarkets and food brands that squeeze through price hikes by downsizing packaging – known as “shrinkflation” – as they battle rising raw material costs, energy and labor, analysts warned. Food giants, faced with soaring prices for commodities such as oil and flour, along with record electricity …

Read More »

Moody’s raises average oil price outlook to $ 50- $ 70

NEW YORK: Oil prices fell nearly 2% on Wednesday after hitting multi-year highs as an unexpected increase in US crude inventories prompted buyers to pause after recent searing gains. The latest surge in crude prices was underpinned by the refusal of the Organization of the Petroleum Exporting Countries and its …

Read More »

Soaring oil and gas fuels inflation fears, as German factory orders tumble – Business Live | Business

Hello and welcome to our continued coverage of the global economy, financial markets, UK supply chain crisis and business. The energy crisis is intensifying, driving up costs for households and businesses, and spreading inflationary fears in the markets. US crude hit its highest level since 2014 this morning, extending its …

Read More »

OPEC + sticks to plan to gradually increase oil production as prices skyrocket

VIENNA – Oil prices continued to rise on Tuesday, a day after the OPEC + meeting kept its back-to-supply plan unchanged, with traders taking further account of tense market conditions. The OPEC + grouping is made up of the Organization of the Petroleum Exporting Countries (OPEC), Russia and their allies. …

Read More »

Oil major ready to make profit in Permian

Euro majors have scaled back their traditional high carbon portfolios to evolve their product line to meet the low carbon climate targets of the Paris Agreement. This is driven by a combination of internal conviction at the management level, investor repulsion for the “damage” that hydrocarbons are doing to the …

Read More »

Western Pennsylvania oil companies unhappy with steep price hike

The price of natural gas is not the only thing on the rise. The cost of heating oil is about 80% higher than a year ago, which does not please local oil companies. Representatives from companies such as Glassmere Fuel in West Deer and Export Fuel in Export say high …

Read More »

Oil Prices Impact USDINR Movement: Myth or Reality?

The USDINR remained volatile throughout the week as it continued to track the US dollar index under low risk market conditions. After opening at 73.68, the pair traded between 73.61 and 74.36 before ending the week at 74.12. The dollar index has moved closer to a one-year high amid rate …

Read More »