We are over supplied.
So when u do something new, something that has never been done before it’s bullish... interesting
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Saudi Arabia would need oil at $80-$85 a barrel to balance budget: IMF officialTop oil exporter Saudi Arabia would need oil priced at $80-$85 a barrel to balan... Trump want it under $50 Or they can take their “corrupt” billionaires to a hotel and shake them down for another $100 Billion. Knowledgeable dad!
Source: Reuters - 🏆 2. / 97 Read more »
Goldman sees oil rising toward $70, says demand forecasts are too gloomyGoldman Sachs thinks the Street is underestimating oil demand and says OPEC is taking a 'shock and awe' approach to cutting output. Get Fecked GoldmanSachs LiveSquawk $GS has been wrong on oil prices for the last 3 years. No end in new supply, global economic slowdown depressing demand. More like sub $40 than $67... THERE IS NO RUSH TO INCREASE THE OIL PRICES WHILE WE TRY TO CONTROL THE INFLATION FOR 3.5% GDP ENVIRONMENT.
Source: CNBC - 🏆 12. / 72 Read more »
Keystone XL suffers another setback as judge blocks most work on the oil pipelineA federal judge in Montana says TransCanada remains mostly blocked from doing work that will move forward construction on Keystone XL. Can't believe we're still discussing this as a possibility and not the GreenNewDeal
Source: CNBC - 🏆 12. / 72 Read more »
Buffett's Berkshire Hathaway trims its giant stake in AppleBerkshire Hathaway added positions in Red Hat and the Canadian oil producer Suncor Energy. BIUK_Finance Buys Bitcoin 😉
Source: BusinessInsider - 🏆 729. / 51 Read more »
ExxonMobil’s lust for oil, the ethics of McDonald’s, and botox-to-goDespite wildfires and polar freezes, energy firms are planning to increase fossil fuel production. The climate consequences could be grave. Listen to this and more top stories in our “Tasting menu” podcast, hosted by AnneMcElvoy I'm sure Planned Parenthood kills more babies in a month than ExxonMobil has in its entire existence...
Source: TheEconomist - 🏆 6. / 92 Read more »
Oil rises on OPEC cuts, U.S. sanctions on Iran and VenezuelaOil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against ... The US is forever manipulating the price of fuel 😉 US claimed 2 years ago that cold fusion problem was solved and a capability producing energy in a nuclear power plant is now so compact like a trailer size and mobile. 👆
Source: Reuters - 🏆 2. / 97 Read more »
Stocks making the biggest moves midday: MGM Resorts, AIG, Marathon Oil & moreThese are the stocks posting the largest moves midday Thursday.
Source: CNBC - 🏆 12. / 72 Read more »
Saudi Aramco will expand into international oil and gas exploration: FTSaudi oil giant Aramco has historically focused on developing the kingdom's vast, low-cost reserves. Fuck that 11 years for imminent catastrophic consequences. Most pollution is done by industrial companies; compared to the contamination individuals contribute,if we want solutions real change must come from corporations. Aramco is the second largest polluter in the world. Let that sink in
Source: CNBC - 🏆 12. / 72 Read more »
Don't expect US sanctions against Venezuela to fuel a rally in oil prices, IEA saysEnergy market participants may be able to adjust to U.S. sanctions against Venezuela's crude industry, the IEA said in its closely-watched report on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »
$60 to $70 is a fair price for a barrel of oil, Egypt's petroleum minister saysThere is a fair price for a barrel of oil and OPEC and its non-OPEC partners are close to achieving it through their deal to cut production, according to Egypt's Petroleum Minister Tarek El-Molla. How important is Egypt’s comment? Countries likes India or China are important factor for such issues i wanna see 80!
Source: CNBC - 🏆 12. / 72 Read more »