FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma, September 15, 2015. REUTERS/Nick Oxford
“If it happens, the U.S. stimulus checks will go a long way to shoring up U.S. oil demand at a most critical juncture and could move oil prices back into a pre-September frame of mind,” AxiCorp market strategist Stephen Innes said in a note. “The price action suggests that although the speculative community is still short ... the underlying bearish drivers are still ascendant,” he said, pointing to reduced consumption and a global oversupply.
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Oil slips as demand worries offset hopes for stimulusOil prices fell on Tuesday as demand concerns driven by COVID-19 outweighed hopes that U.S. lawmakers and the White House were nearing an agreement on a new stimulus package to revive the world's biggest economy. oilandgas industry is dead 💀; government should try to rehabilitate the workforce in other sectors Reuters never reports on sustainable sector 'slippage'. Just 'oil'. There's a reason.
Source: Reuters - 🏆 2. / 97 Read more »
Tesla CEO Elon Musk feels bad for hating on oil and gas - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
BP and other oil majors v utilitiesBP's planned wind and solar capacity in 2025 would be less than half of what Enel or Iberdrola, both clean energy firms, will have by then fossil fuel companies liked to think of themselves as 'energy' companies the last few decades, but if that were true they would have shifted into renewable energy a long time ago, & not only would their profits be growing & more stable, but exec stock options would be valuable. Congratulations and wish you success and Good Luck from Germany! BP Best Performance Greetings from Germany, e - mobil....the Power of Nature sonaliranade If those wind turbines and solar panels deliver the said energy that is! We all know how unreliable both wind and solar power really are. In other words, more money to be made for cronies which would've otherwise been used better by people paying them as taxes to the govt.
Source: TheEconomist - 🏆 6. / 92 Read more »
Oil slips as surge in virus cases cloud demand recoveryOil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after last week's slips. Oil companies should of been promoting people to wear a mask. Healthy people = work, work = people need gas. But they didn’t give a shit, so no demand. NOW they’re worried? 🙄👎🏼 Why dont they simply make more money?
Source: Reuters - 🏆 2. / 97 Read more »
Asian shares stutter ahead of U.S. presidential debate, oil dipsAsian shares were on the defensive, while oil prices edged lower on Monday as investors were cautious ahead of a U.S. Presidential debate and as coronavirus cases spike again in a blow to global economic recovery hopes. I hope Trump wins
Source: Reuters - 🏆 2. / 97 Read more »
Oil edges lower as rising virus cases cloud demand recovery outlookOil prices dipped again on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with crude on track for its first monthly fall in many months after slipping last week. Many lives lost over oil... God is not a fool. I really miss the 'peak oil' lie that drove the price upward.
Source: Reuters - 🏆 2. / 97 Read more »