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Commodities
US Seeks to Refill its Depleted Oil Stockpiles
The United States will halt oil-reserve sales in order to fill its depleted stockpiles. This decision by the US Department of Energy comes as global…
An Economic Overview of the LNG Boom
The natural gas industry has been booming for a few years now, with many countries turning to liquefied natural gas (LNG) as their primary energy source. But how long will this boom last?
Oil prices rise over $2 on drawdown in U.S. crude stocks
The second-largest economy on the planet is opening back up and that’s fuel prices worldwide. China’s crude oil imports from Russia in November rose 17%…
Growing alarm as many believe the U.S may be behind the Nord Stream Pipeline sabotage.
Many in the U.S are pointing the finger squarely at the U.S, even as Biden said he would launch an investigation after the situation calms…
Iraq exported over 98 mln barrels of crude oil in Sept
Iraq exported 98.76 million barrels of crude oil in September with revenues of 8.77 billion U.S. dollars, the country’s oil ministry said Saturday. A total…
Oil going higher on Russian supply concerns in volatile trade
Oil settled nearly 1% higher on Thursday, paring earlier gains as the market focused on Russian oil supply concerns, rebounding Chinese demand, and as the…
Putin said Russia can redirect energy exports away from West
“When it comes to Russian oil, gas and coal, we will be able to increase their consumption on the domestic market and stimulate the deep…
UK won’t get Russian gas
British energy major Shell will not be able to buy Russian gas due to London’s anti-Russia sanctions, Dmitry Peskov, the press secretary of Russian President…
Experts Warn of $185 Crude Oil
Last month crude oil breached the $100 per barrel mark. West Texas Intermediate has continued to run higher, approaching $120 on Thursday before pulling back…
Germany Doesn’t want to weaponize oil and Gas, yet.
Europe is currently debating banning all Russian Oil. Yet Germany has been against weaponizing Oil. This is because Europe depends on Russia for much of…
Oil rises toward $120 after Biden hints at tougher Russian energy sanctions
Oil keeps rising w/WTI soars to highest since 2008 as Russia invasion upends the market. A decision by OPEC+ to continue its plan to gradually…
The US considers releasing emergency oil reserves
US considers releasing emergency oil reserves to bring down fuel prices. US energy secretary Jennifer Granholm is considering releasing crude oil from the government’s strategic…
Oil could top $100 per barrel in winter
Oil could top $100 per barrel if winter is colder than expected, that’s according to a note from Bank of America to its clients. Bank…