Newsfeeds - Spark Newswire

2 minute read

Anti-Xi-Jinping Protests Drag Down Oil, WTI Futures Fall To Lowest Level In Nearly A Year

Today, 3:56 AM

Oil futures declined over $2 a barrel in Asian trading on Monday, with West Texas Intermediate (WTI) hitting its 11-month low mark weighed by protests in China over Xi Jinping’s harsh COVID-19 restrictions.

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This Country Will Now Use Gold To Buy Oil Rather Than Dollars

By Bhavik Nair

Today, 3:56 AM

Ghana's government is negotiating a new policy regime where it will use its gold rather than its U.S. dollar reserves to buy oil products, Vice-President Mahamudu Bawumia said in a Facebook post on Thursday.

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Cramer Says ‘Mother Of All Buying Opportunities’ Coming For Oil — Points To This ‘Devastating’ Historical Thanksgiving Pattern

By Bhavik Nair

Today, 3:56 AM

Prominent market commentator Jim Cramer highlighted a chart analysis from Carley Garner and said that investors should gear up to buy oil next month,

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German Economist Reportedly Files €50 Lawsuit Against OPEC Over Allegations Of Running An ‘Illegal Cartel’

By Bhavik Nair

Today, 3:56 AM

A 44-year-old German economist and lawyer, Armin Steinbach, has decided to sue OPEC for damages that include 50 euros, plus interest, alleging that the group was operating "an illegal cartel," inflating the

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To Deter Putin From ‘Gaming’ System, G7 Reportedly Agrees To Set Fixed Price For Russian Oil

By Bhavik Nair

Today, 3:56 AM

The Group of Seven (G7) rich nations and Australia have decided to set a fixed price when they finalize a price cap on Russian oil later this month, as against adopting a floating rate, Reuters reported, citing anonymous s

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Biden’s Team Said To Be Reworking Russian Oil Price Cap Plan On Mounting Skepticism, Few Commitments

By Bhavik Nair

Today, 3:56 AM

Led by investor skepticism and burgeoning risk in the financial markets driven by crude oil price volatility and central banks’ actions to tame inflation, President Joe Biden's te

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Biden Could Help Lower Your Energy Bills As White House Says Companies’ High Prices Amid Falling Input Costs ‘Unacceptable’

By Bhavik Nair

Today, 3:56 AM

President Joe Biden will soon call on energy companies to pass through lower costs to consumers "right away" as higher gas prices continue to be an overhang on his admi

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2 minute read

Saudi Defense Minister After US Accusations Over OPEC-Russia: ‘Iran Is Also A Member, Does This Mean…’

By Bhavik Nair

Today, 3:56 AM

The Saudi defense minister and King Salman's son, Prince Khalid bin Salman on Sunday refuted claims by the U.S.

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Saudi Arabia Says Team Biden Asked OPEC+ To Delay Output Decision By A Month, But It Would’ve Had ‘Negative Consequences’

By Bhavik Nair

Today, 3:56 AM

Saudi Arabia has hinted that the Biden Administration had suggested delaying the decision by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to

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OPEC Trims 2022, 2023 Forecasts For Global Oil Demand Growth: ‘Risks Skewed To Downside’

By Bhavik Nair

Today, 3:56 AM

The Organization of the Petroleum Exporting Countries on Wednesday reduced its 2022 forecast for growth in world oil demand for a fourth time since April, stating oil demand will rise by 2

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