Precious Metals & Energy - Weekly Review and Calendar Ahead
By Barani Krishnan Investing.com -- Inflation is here and the conventional wisdom is that we should buy gold. Conventional should actually be underlined as gold’s history as an inflation...
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Brent Oil News & Analysis
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Exxon shares beating Big Oil peers even after losing board fight
Things aren't looking so bad after all for Exxon Mobil (XOM), whose shares have gained ~7% since three dissidents won election to its board on May 26, in line with the broader...
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Remote Work Is The Newest Trend In Oil And Gas
Remote work was one of the changes bestowed upon us by the pandemic—and it may turn into a long-term trend. This trend was most visible in office jobs, but it was by no means limited to...
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Oil Prices Up 3rd Straight Week; Some Keep Wary Eye on Gasoline
By Barani Krishnan Investing.com - Oil prices were on track to mark a third week of gains on speculation of runaway summer demand for fuels, although some investors were keeping a wary eye...
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Saudi Aramco Raises $6 Billion From Fresh Bond Sale
Saudi Aramco raised this week $6 billion via its first Islamic bond denominated in U.S. dollars, orders for which exceeded $60 billion, according to a document from one of the bank's...
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US oil, gas rig count climbs 8 to 560 on strong Permian activity
The US oil and gas rig count climbed eight to 560 in the week ended June 9, rig data provider Enverus said June 10, as the number of oil-focused rigs climbed to fresh 14-month highs. The...
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Around the world in seven shipping records
The container and dry bulk shipping industries are breaking new records left, right and centre it appears, resulting in dry bulk owners enjoying unseasonably high profits, and container...
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Government of Canada takes action to remove bulk oil from the MV Schiedyk shipwreck in British Columbia Français
The Government of Canada is committed to protecting Canada’s oceans and waterways, and is taking action to address the threat posed by wrecked, abandoned and hazardous vessels, including the...
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Exxon’s shale output per well slips as total production rises -report
Exxon Mobil Corp’s oil wells in part of a marquee U.S. shale field generated fewer barrels per well as it ramped up overall spending and production, according to a new report that looks at...
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Exclusive-Exxon losing veteran oil traders recruited during past expansion -sources
Exxon Mobil Corp has lost two veteran crude oil traders from its U.S. energy trading group and a third is leaving its British unit, according to people familiar with the matter, in a...
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IEA: Oil Market Recovery Stays the Course
The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and...
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Trafigura reports ‘exceptional’ oil trading result as markets recover
Trafigura, one of the world’s biggest independent commodity traders, saw its oil trading volumes rise 14% during the six months to March 31 compared with 2020 amid renewed market volatility...
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Iran raises July Iranian Light crude oil price to Asia -source
Iran has set the July official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at $1.60 cents above the Oman/Dubai average, up 10 cents from the previous month, a...
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Asia Distillates-Gasoil refining margins gain on tighter supplies
Asian refining margins for 10 ppm gasoil rose for a second consecutive session on Friday as seasonal refinery turnarounds have tightened supplies, although regional demand continues to...
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Crude ETFs Climb as Oil Futures Approach Multi-Year Highs
Crude oil futures and ETFs jumped to multi-year highs on Friday, targeting a third straight week of gains, as the projections for global demand continue to climb amid rising vaccination...
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Norway Isn’t Giving Up On New Oil Development
Norway is betting on offshore wind, hydrogen, and electrification to meet its commitment under the Paris Agreement, but its oil and gas sector will continue to play a major role in long-term...
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Market Extra: How oil soaring to $100 a barrel could be bad for this boom-bust sector and the economy
Bond investors fear a return of wildcatting and other risky moves by energy companies if oil prices continue to shoot higher during the COVID recovery.
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Oil hits multi-year highs in third weekly gain on demand recovery
SINGAPORE (Reuters) – Oil prices slipped on Friday but were set for their third weekly rise on expectations of a recovery in fuel demand in Europe, China and the United States as rising...
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Oil prices are the highest in more than 2 years after climbing for a third week
Oil prices are the highest in more than 2 years after climbing for a third week
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Will a less dovish Fed help the dollar rebound?
The bond market sent a clear message that they are in agreement with the Fed and that any inflation surges will likely be transitory. To the surprise of many traders, both nominal and real...
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Natural-gas futures settle at highest since October; U.S. oil prices post a rally for the week
Natural-gas futures rallied on Friday, buoyed by warmer weather forecasts that are likely to boost demand for the commodity from power generators. "Demand is variable, with low load demand...
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Crude Oil Price Update – Needs to Hold $70.29 to Sustain the Upside Momentum
The direction of the July WTI crude oil market into the close on Friday is likely to be determined by trader reaction to $70.29.
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Iran Nuclear Talks Head For Crucial Weekend Discussions
The talks about bringing Iran and the United States back to the so-called Iranian nuclear deal will resume on Saturday with divergences remaining, in what would be the last attempt of the...
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Exxon loses two more veteran oil traders - Reuters
Exxon Mobil has lost two top crude oil traders from its U.S
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World’s Top Oil Firms Boosted Q1 Combined Profits To $46 Billion
The ten largest public oil firms in the world reported combined profits of $46 billion for the first quarter of 2021, thanks to higher oil prices this year, data compiled by Anadolu Agency...
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Crude Oil Weekly Price Forecast – Crude Oil Continues to Reach Higher Levels
The crude oil markets initially pulled back during the week but continue to find buyers on dips as we are closing out the end of the week on a strong footing.
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U.S. Oil Rig Count Rises As Crude Prices Climb Higher
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 461 as U.S. drillers boast more than 100 additional...
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Baker Hughes data show a weekly climb in U.S. oil-drilling rigs
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by six at 365 this week. The increase was the largest since the week ended May 14. Last week, the...
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