crude
China And India Are Buying Russian Crude At A 40% Discount
By Alex Kimani On Friday, the EU once again failed to agree upon a price cap for Russian crude oil, with several members suggesting that the proposed $60-$70 per barrel range is too high. According to Bloomberg, China and India are …
US Mortgage Rates Rise To 7.04% As Housing Market Chills (WTI Crude And Gasoline Prices On The Rise Again As Biden Fails To Convince OPEC To Pump More Oil)
by confoundedinterest17 Under “Nuclear Joe” Biden, the US is truly the land of confusion. As the Biden Administration touts “affordable housing,” we are seeing the 30-year mortgage rate rise above 7% as The Federal Reserve fights inflation … caused by the …
OPEC To Cut Production more than a million barrels a day to raise price to $100+.
The Organization of the Petroleum Exporting Countries Plus, or OPEC Plus, is considering cutting its oil output by more than 1 million barrels a day, Reuters reported Monday. The move threatens to anger the US, which is angling to keep …
India Cuts U.S. Crude Imports By 50% As It Buys Discounted Russian Crude
By Alex Kimani New reports have emerged that during the second quarter, India slashed its crude imports from the United States by one million metric tonnes while sharply ramping up imports of discounted Russian oil. India’s energy mix now looks dramatically different …
China’s Crude Processing Dips To Lowest Since March 2020
By Tsvetana Paraskova Crude throughput at Chinese refineries slumped in July to the lowest level since the height of the pandemic in March 2020, amid unplanned facility outages and lower processing rates at independent refiners due to declining refining margins. …
Saudi Arabia Lifts Crude Prices To Asia To Record High
By Julianne Geiger Saudi Arabia hiked its OSPs for September loadings to Asia to new highs. Arab Light to the Far East is now set at $9.80 over the Oman/Dubai Benchmark. Saudi Arabia also raised the price of crude oil …
Oil Falls As EIA Reports Large Crude Inventory Build
By Irina Slav Crude oil prices fell today after the Energy Information Administration reported a build in crude oil inventories of 4.5 million barrels for the week to July 29. This compared with a draw of an almost identical size for the previous week. …
US issues fifth emergency notice of sale of crude oil from the Strategic Petroleum Reserve, depletes another 20 million barrels.
JUST IN – US issues fifth emergency notice of sale of crude oil from the Strategic Petroleum Reserve, depletes another 20 million barrels.https://t.co/i2SG2KnLAq — Disclose.tv (@disclosetv) July 26, 2022 Biden Sells Off America’s Emergency Oil Reserves To Communist China
Thanks Biden admin! Iran’s Oil Revenues Soar By 580% As Crude Prices Rally
Iran’s revenues from exports of oil and condensate surged by 580% during the first four months of the current Iranian year that begins on March 21, Iranian Minister of Economic Affairs and Finance, Seyyed Ehsan Khandouzi, said on Tuesday. Between …
Oil prices jump after EU leaders reach an agreement late to ban 90% of Russian crude by the end of the year.
It’s going to get worse before it gets better… JUST IN: Oil prices jump after EU leaders reach an agreement late to ban 90% of Russian crude by the end of the year. https://t.co/IABhsVdBNM — NBC News (@NBCNews) May 31, …
“Middle Class” Joe’s War On … The Middle Class (WTI Crude UP 102% Under Biden, Reg Gasoline UP 83%, Diesel Fuel UP 111%)
by confoundedinterest17 Joe Biden likes to sell himself as “Middle Class” Joe. But Middle Class Joe declared war on the middle class with executive orders on fossil fuel drilling and killing the Keystone pipeline. Hence, his press conference on reducing inflation …
Blue Monday Or Stagflation? Commodities Signal Stagflation (WTI Crude DOWN 2.72%, Iron Ore DOWN 5%, S&P 500 Futures DOWN 1.7%, 10Y Treasury Yields Rise To 3.20% Then Sinks)
by confoundedinterest17 As the US is engulfed in inflation while The Federal Reserve is engaged in trying to fight inflation (well, sort of), we are seeing markets taking a shellacking, particularly commodities. One indicator of a slowdown is declining commodity prices. Crude oil futures are …
Recession Alert: Canary in the Economic Coal Mine Just Choked on Crude Oil
Via Birch Gold Group Image source American Craft Beer A market crash is typically short term, while a market recession (like the Great Recession) could last a lot longer. Of course, there aren’t any hard and fast rules, but neither a crash nor …
Brent and Crude spiking again
They were both under $100 on Friday now they’re both over $100 and keep getting higher and higher. Beyond rude. And now people have to go back to their offices to work. So yeah this is part of the plan …
Weekend Update! Crude Oil Above $100, Diesel Fuel UP 155%, Coal UP 256% Under Biden, Mortgage Rates Now Above 4.5%
by confoundedinterest17 The news just keeps getting worse and worse. Russia is still assaulting Ukraine, WTI Crude prices are above $100 a barrel and climbing, the Cleveland Browns signed Deshaun Watson to replace Baker Mayfield at quarterback, etc. But back to …
Crude declining slowly is a relief for stocks, but if it starts to plummet markets will panic. This is how 2008 started… The Ukraine war is this era’s Lehman event?
Crude declining slowly is a relief for stocks, but if it starts to plummet markets will panic. This is how 2008 started but it wasn't until August. https://t.co/gffCuJXSeh — Financelot (@FinanceLancelot) March 14, 2022 The Ukraine war is this era's …
Jerusalem Post: India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices…
#India is considering taking up a #Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rouble transaction, amid tough Western sanctions.https://t.co/WsZcmdk3Fm — The Jerusalem Post (@Jerusalem_Post) March 14, 2022
Will Crude Oil Prices Put Us Into Another Great Depression?
Image source American Craft Beer From Birch Gold Group A market crash is typically short term, while a market recession (like the Great Recession) could last a lot longer. Of course, there aren’t any hard and fast rules, but neither a crash nor a …
OIL FUTURES EXTEND GAINS, BRENT CRUDE UP $8 A BARREL; GOLD $2200 COMING INTO FOCUS.
OIL FUTURES EXTEND GAINS, BRENT CRUDE UP $8 A BARREL — zerohedge (@zerohedge) March 8, 2022 https://twitter.com/JTSEO9/status/1501210067739328516 Rabobank: The Ukraine War Is Still Not Priced In https://t.co/LiiNDgy020 — zerohedge (@zerohedge) March 8, 2022 https://twitter.com/GreekFire23/status/1500946798847873024
CRUDE OIL/GOLD SURGE, STOCK FUTURES SELL OFF
View post on imgur.com I DELIVERED IN THE FIRST SECOND OF ASIA SESSIONBIG AND AMAZING EXPLOSION of #wti #crude I TOLD YOU SO!lol my I told you moment big explosion. Crude oil opening with a huge gap jumping from 113 …
Crude up another 8% since yesterday. Up 25% in one week. Up 550% since 2020!
Up 25% in one week!! Crude was 17.24 in March of 2020. Today is 111.44. Thats 550% Think about that!! https://www.investing.com/commodities/crude-oil h/t 2022 Sucks Too.
My State Of The Union Rebuttal: WTI Crude UP 126% Since Jan 1, Gasoline Prices UP 61% (GDP Near Zero, Inflation Still Rising)
by confoundedinterest17 President Biden is giving his first State of the Union address tonight with rebuttals from Iowa Governor Kim Reynolds and The Squad’s Rashida Talib (yes, a Republican is giving the rebuttal to Biden’s SOTU speech, and a Democrat is …
Goldman Cuts U.S. GDP Forecast On Manchin’s ‘No’ To Biden Bill… Crude Oil Imploding
GOLDMAN CUTS U.S. GDP FORECAST ON MANCHIN'S 'NO' TO BIDEN BILL — FXHedge (@Fxhedgers) December 20, 2021 Crude oil imploding on the Manchin news. The irony of NOT signing a climate change bill would be Energy sector collapse. We are …
Will Crude Oil Price Breakout Signal Rising Interest Rates?
by Kimble Charting When crude oil prices rise, investors typically think of an improving global economy. But when crude oil price rise sharply (by a large amount over a short duration), investors worry about supply issues and/or inflation. Today, both concerns …
U.S. crude oil futures hit $80 a barrel for the first time since November 2014.
https://twitter.com/disclosetv/status/1446482775872348163
Energy Crisis Brewing? Crude Oil & Natty Gas Price Breakouts Stir Worries
by Kimble Charting The coronavirus crash in the spring of 2020 left crude oil and natural gas prices decimated. An energy crisis was but a remote thought as oil and gas traded at multi-year lows. Fast forward to today and …
Oil Slides After Saudis Slash Crude Price In Scramble For Asian Market Share
by Chris Black There isn’t a real barrel of oil sold for the Wall Street price. That price is simply a benchmark for trading contracts. Oil Slides After Saudis Slash Crude Price In Scramble For Asian Market Share https://t.co/jGgi1IeXw3 — …
Central Bank Job? Venezuela’s 31 Tons of Seized Gold At Bank Of England (“Socialism” Is Easier When Crude Oil Is $100)
by confoundedinterest17 I wonder if Jason Statham can reprise his role in the remake? From BullionStar: In what’s becoming one of the longest running legal dramas in the global gold market, the saga of Venezuela’s ‘frozen’ gold in London continues to …
