California Gov. Newsom On Oil Refinery Profits: “You Guys Are All Being Screwed”
The state aims to be the first to impose an oil price gouging penalty targeted at capping oil windfall profits.
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Oil
Zoltan Pozsar: Gold At $3,600 Is Not Improbable If US Refill Reserves With Russian Oil
In his latest dispatch, Credit Suisse contributor Zoltan Pozsar shifted focus on his ongoing series about Bretton Woods III where
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Italy To Place Oil Refinery Owned By Russian Firm Lukoil Under Trusteeship
The Italian government plans to place a Lukoil refinery in Sicily under trusteeship on Thursday, according to Sicily President Nello
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Will Oil Bottom Soon? Prices Continue To Hit Lows
Oil futures are on track to reach the lowest prices on record since the start of the year as China’s
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The Budding “Coal War” Between US And Saudi Arabia
What used to be a strategic alliance is fast becoming a sour tinderbox for a trade–or even worse, physical–war between
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Joe Biden Prepares to Frantically Sell Oil From Reserves After Snubbed by OPEC
With President Joe Biden left empty-handed after begging OPEC for more oil and midterm elections approaching fast, the White House
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Biden Administration Mulls Shoring Oil Reserves When Prices Hit Below US$80 Per Barrel
The Biden administration is looking at refilling its strategic petroleum reserves should crude oil prices drop below US$80 a barrel.
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US Continues To Deplete Strategic Petroleum Reserves, Now At A Record 38-Year Low
Continuing on with its plan of releasing 1 million barrels per day, the United States has seen its Strategic Petroleum
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OPEC+ Might Cut Production Further By 1Mbpd To Anticipate Oil Price Decline — JP Morgan
It might be necessary for OPEC+ to cut its oil production further by 1 million barrels per day given the
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OPEC+ Sees Production Cut Amid Oil Market Disconnect – Saudi Energy Minister
The oil futures market might be increasingly disconnected from its fundamentals due to “very thin liquidity and extreme volatility,” leading
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