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October 18, 2021

Oil

Russia’s Putin says crypto has ‘value’ — but maybe not for trading oil

CNBC
CNBC – For more and to sign up click here Russian President Vladimir Putin delivers a speech during the Russian Energy Week event on October 13, 2021 in Moscow, Russia. Mikhail Svetlov | Getty Images Russian President Vladimir Putin thinks cryptocurrencies have value — but he’s not convinced they can......

Oil rises on bigger-than-expected draw in U.S. fuel stocks

Reuters
A gas pump at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo API shows U.S. crude stocks up, fuel stocks down for last week U.S. 2021 crude output seen falling more than forecast – EIA OPEC trims 2021 demand f’cast, but says gas price surge may help......

$100 oil is ‘quite possible,’ Russia’s Putin says

CNBC
CNBC – For more and to sign up click here Russian President Vladimir Putin said Wednesday that oil prices could well reach $100 per barrel as demand for all energy commodities grows. Energy prices have soared across the board as economies reopen after months of Covid pandemic-induced lockdowns and supply......

Oil nears three-year high on energy crunch fears

Reuters
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base Brent hit $84.60, highest since October 2018, on Monday White House stands by calls for OPEC+ to do more Crude market looks overbought after rally -analyst......

Oil settles up 1.5%; hits multi-year highs on surging demand

Reuters
BENGALURU, Oct 11 (Reuters) – Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China. Brent crude rose $1.26, or 1.5%, to settle at $83.65 a barrel. The session high was......

Futures dip as oil rally fuels inflation worries

Reuters
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly Futures down: Dow 0.34%, S&P 0.49%, Nasdaq 0.72% Oct 11 (Reuters) – U.S. stock index futures slipped on Monday as surging commodity prices......

California pipeline could have been damaged up to a year before oil spill, U.S. Coast Guard says

CBS News
CBS News – For more and to sign up click here The pipeline responsible for the massive oil spill off the coast of Huntington Beach last week could have been damaged up to a year before it leaked thousands of gallons of oil into the Pacific Ocean, the U.S. Coast Guard......

‘Ground zero for pollution:’ In this L.A. neighborhood surrounded by oil refineries, residents grapple with health issues

CNBC
CNBC – For more and to sign up click here Magali Sanchez-Hall, a Wilmington resident for over two decades, has struggled with asthma her entire life. She says the health issue stems from her proximity to oil and gas drilling. Emma Newburger | CNBC LOS ANGELES, CALIF. — Stepping out......

California pipeline could have been damaged up to a year before oil spill, U.S. Coast Guard says

CBS News
CBS News – For more and to sign up click here The pipeline responsible for the massive oil spill off the coast of Huntington Beach last week could have been damaged up to a year before it leaked thousands of gallons of oil into the Pacific Ocean, the U.S. Coast Guard......

Stocks making the biggest moves midday: Marathon Oil, General Motors, Oatly and more

CNBC
CNBC – For more and to sign up click here The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. Daniel Becerril | Reuters Check out the companies making headlines in midday trading. Energy —......

U.S. crude oil price tops $80 a barrel, the highest since 2014

CNBC
CNBC – For more and to sign up click here This is breaking news. Please check back for updates. West Texas Intermediate crude futures, the U.S. oil benchmark, crossed $80 per barrel on Friday for the first time since November 2014 as demand rebounds while supply remains tight. The U.S.......

Oil rises as global energy crunch takes hold

Reuters
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Oil trades near recent multi-year peaks Global energy crunch shows no signs of easing Fuel switching and demand recovery boosts prices LONDON, Oct 8 (Reuters) – Oil prices......

Container ships probed in California oil spill

CBS News
CBS News – For more and to sign up click here Container ships probed in California oil spill – CBS News Watch CBSN Live New underwater video shows a small crack in an oil pipeline off the coast of Southern California. It’s still unclear how the leak started. Carter Evans......

A 13-inch crack in a California pipeline is believed to have caused the oil spill. But how it got there is a mystery.

CBS News
CBS News – For more and to sign up click here In Southern California, the extensive clean up continues from the catastrophic oil spill that killed fish and seabirds and shut down beaches. New underwater video shows a small crack in the pipeline, just 13 inches long, where the oil leak began......

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