An invasion into the Ukraine by Russian troops on 24 February 2022 has as of yet not resulted in a loss of oil supply to the market. Prices nevertheless surged by USD 8/bbl to USD 105/bbl following the news, on expectations that sanctions against Russia would cripple energy exports. It is currently unclear what the …
Oil prices are on the rise for the fourth consecutive day on renewed Russian supply concerns and potential demand destruction in China. The EU is reportedly closer to announcing a potential full embargo on Russian oil following news that Germany has dropped its opposition to the measure. Russian oil production could fall by as much …
Continue reading “An EU embargo on Russia CRUDE oil is imminent…. THEIR IS NO OTHER SOURCE”
(Reuters) – Wall Street slid on Friday to its deepest daily losses since 2020, as Amazon slumped following a gloomy quarterly report, and as the biggest surge in monthly inflation since 2005 spooked investors already worried about rising interest rates. Amazon.com Inc tumbled 14.05% in its steepest one-day drop since 2006, leaving the widely held …
Continue reading “Nasdaq Drops Again, Has Worst Month Since 2008……. Home foreclosures surge 181%”
Weekly U.S. crude oil production figures by the Energy Information Administration are a closely watched data set, but monthly production figures—which lag by months—often are seen as painting a more accurate picture of true production. And the most recent data shows that U.S. crude oil production is on the decline as of February. According to …
Continue reading “EIA Monthly Data Shows A drop In U.S. Oil Production”
NEW YORK (Reuters) -Oil prices fell on Friday, reversing in volatile trade, pulled downward by the U.S. heating oil contract that plummeted by more than 20% at one point on the day of its expiration. The front-month U.S. heating oil contract, which is a proxy for diesel prices, soared to a record high of $5.8595 …
Russia’s Foreign Minister Sergey Lavrov in an hour-long interview (above) with Al Arabiya amid the ongoing Russia-Ukraine war. Sergey has Putin’s trust and he is the idea man. His words should be taken seriously Putin’s propagandists simulate NUKING Europe with missiles hitting in 200 seconds and ‘no survivors’ in angry TV outburst at UK – …
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Vladimir Putin is set to declare ‘all-out war’ on Ukraine ‘within days’ to enable Russia to launch a general mobilisation of the population, according to Russian sources and Western officials. Russian troops entered Ukraine at the end of February in what Putin called a ‘special military operation’ to demilitarise and ‘denazify’ Ukraine and barred the …
Continue reading “Vladimir Putin is set to declare ‘all-out war’ on Ukraine ‘within DAYS’”
The 30-year fixed-rate mortgage averaged 5.1% for the week ending April 28, according to data released by Freddie Mac FMCC, +1.08% on Thursday. Last week was the first time that mortgage rates had surpassed 5% since 2011. A year ago the average rate on the 30-year home loan was below 3%. The 15-year fixed-rate mortgage, …
Continue reading “Mortgage payment is 50% higher than it was a year ago.’”
Now we challenge Putin: Britain sends tanks, attack helicopters, artillery and 8,000 soldiers to Eastern Europe in one of the largest deployments since Cold War The British Army will send 8,000 troops to east Europe to take part in exercises Nato and Joint Expeditionary Force alliance nations will also be deploying It will be one …
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Benchmark northwest European gasoline barge refining margins on hit their highest since August 2015 on Thursday, Refinitiv Eikon data showed, reaching over $26 a barrel after data showing a drop in U.S. gasoline stockpiles. TotalEnergies began the process of restarting the 231,000 barrel per day (bpd) Donges oil refinery in France on April 26, after …
Continue reading “Gasoline cracks hit highest since 2015 at over $26/bbl”