Bitcoin no match for gold: Barrick Gold CEO
Bitcoin and other cryptocurrencies are nothing more than bubbles and will never replace gold, according to Barrick Gold CEO Mark Bristow.
US goods trade deficit widens in March
The U.S. trade deficit rose to a record high in March due to strong domestic demand and government aid, while pandemic worries have also started to fade.
Judge to hear arguments on whether Dakota Access pipeline should continue operating without a permit
A federal judge will hear arguments Friday about whether the Dakota Access oil pipeline should be allowed to continue operating without a permit while the U.S. Army Corps of Engineers conducts an environmental review.
Oil falls after U.S. gasoline inventories unexpectedly surge
While crude stocks in the United States fell more than forecast by analysts, gasoline inventories jumped sharply
From beer to flat-pack furniture, Suez blockage offers a global trade snapshot
The bottleneck created when the Ever Given container ship got stuck in the Suez Canal stranded shipments from auto parts and dairy products to beer and luxury goods on their way to markets in Europe, the U.S. and Asia.
Oil prices rise on stronger economic outlook, US stockpile draw
Prices were buoyed as data on Tuesday showed U.S. job openings rose to a two-year high in February while hiring picked up
Oil steady as OPEC Saudi minister urges production caution
At OPEC's meeting Saudi Arabia energy minister maintains cautious stance on oil production levels.
OPEC goes unchecked as gas prices near $3 per gallon
OPEC Plus and its policies are driving US energy prices higher.
Oil prices gain on expectations OPEC+ will keep lid on output
OPEC+ last month surprised the market by agreeing to extend supply curbs
Oil spikes as White House eyes Suez Canal energy impact
The stuck ship in the Suez Canal could upend oil deliveries.
Oil trades higher as Suez Canal jam continues
Oil prices were trading more than 1% higher on Friday.
Stock futures rebound ahead of GDP, jobless reports
Shares are rebounding after Wednesday's broad, late day decline led by selling of tech heavyweights
Suez Canal gives oil wild 24 hours
The Suez Canal ship mishap could rock oil prices for days.
OPEC's sneaky oil move may leave energy markets thirsty
OPEC Plus is feeling empowered, brazen and is going unchecked.
Biden’s halt of new oil and gas permits on federal lands has lawmakers demanding answers
A group of House Republicans and at least one Democrat will send a letter to the Biden administration warning that its pause on new oil and gas permits is hurting existing operations.
Will OPEC blink as oil climbs?
OPEC is enjoying higher oil prices without any heavy lifting.
Texas storm hangover could speed pump price jump
The normal switch to the more expensive summer-grade gasoline may come sooner this season due to the winter storm that battered Texas.
Oil prices to reach $72 by summer: Goldman Sachs
Oil prices will rally faster and sharper than previously expected as demand outstrips supply increases from OPEC+, Iran and U.S. shale, according to Goldman Sachs Group Inc.
Texas power grid back to normal: ERCOT
Texas’ power grid is running at normal operations, the Electric Reliability Council of Texas said on a conference call Friday morning.
Texas storms cause epic drop in U.S. oil production
Frigid temperatures knocked out electricity across Texas and resulted in one of the largest U.S. oil production disruptions ever.