Gold price up as USDX dips, crude oil gains – KITCO
(Kitco News) – Gold prices were firm in early U.S. trading on Monday, supported by a bullish daily “external market” that predicts a decline in the U.S. dollar index and a slight increase in oil prices. Silver prices have remained mostly stable. Precious metals’ gains are limited to some extent by a slight rise in […]
Trump Will Be ‘Selling Blessed Oil Before This Is Over’
MSNBC host Al Sharpton said Thursday on “The Readout” that former President Donald Trump plans to “sell blessed oil” to raise money to pay his legal judgment. Host Joy Reid said, “Donald Trump has declared bankruptcy before, I think he’s declared bankruptcy at least five times in the past, and he’s never been ashamed of […]
Biden Ignored Iran’s Illicit Oil Trade Because He Needed Lower Gas Prices
On CNBC’s Monday broadcast of “The Last Call,” Sen. Joe Manchin (D-West Virginia) said the Biden administration “turned a blind eye to the ghost ships coming out of Iran” to lower gas prices. said. It takes away resources, oil revenues, and causes further chaos and terrorism around the world. ” Mr. Manchin began by arguing […]
Oil Prices Continue to Advance as Bullish Sentiment Takes Hold – OilPrice.com
Oil prices maintained their gains from last week and rose further in morning trading in Asia today as supply concerns persist. Last week, the IEA report helped benchmarks rise 4%, with Brent crude above $85 a barrel and West Texas Intermediate above $81. The IEA said in a report that the oil market will be […]
Oil Prices Set for a Strong Weekly Gain on Demand Revisions – OilPrice.com
Oil prices were expected to rise about 4% in the week after the International Energy Agency became the latest forecaster to suggest oil demand this year could be stronger than previously expected. IEA Said On Thursday, it expected oil demand to rise by 1.3 million barrels per day this year, up from 1.2 million barrels […]
Oil tanks catch fire at suburban DC quarry
Late Thursday morning, multiple oil tanks caught fire at a quarry in the Maryland suburbs of Washington, D.C., sending thick black smoke into the air that could be seen for miles. Montgomery County Fire Rescue spokesman Pete Pillinger said at a 2 p.m. news conference that three tanks remained burning, but the fire was contained […]
Oil sheen off California coast is possibly naturally caused, says Coast Guard
An oil sheen discovered off the coast of Southern California last week may have been caused by natural seepage from the ocean floor, but the exact source is not yet known, U.S. Coast Guard officials said Monday. stated. Authorities discovered a 4-kilometer-long (2.5-mile) sheen of oil off the coast of Huntington Beach on Friday morning. […]
Domestic oil production currently thrives, but the Biden administration fights it
Bear Trap Report founder Larry McDonald is reacting to January’s PCE report and its impact on the Fed’s closely monitored interest rate decisions. Despite the Biden administration’s aggressive green energy push, the US still leads the world in oil production, with the Energy Information Administration (EIA) naming the US the world’s top producer for the […]
US led global oil production for sixth straight year in 2023: EIA
Barrons Roundtable discusses oil prices and natural gas demand. America led the world oil production According to a new report from the Energy Information Administration (EIA), 2023 will mark the sixth consecutive year of growth. U.S. crude oil production, including condensate, will average 12.9 million barrels per day (b/d) in 2023, surpassing the U.S. and […]
FOX 5 News Now (Oct. 3): ‘Many Animals Will Die’ In SoCal Oil Spill, Officials Say
MAJOR OIL SPILL: A leaking oil rig has poured well over 100000 gallons into the water off Southern California’s coast, harming … source