Newsfeeds - Spark Newswire

2 minute read

Putin’s Point Man On Energy Says Russia Won’t Adhere To Western Oil Price Cap Even If It Has To Cut Production

Today, 3:41 PM

President Vladimir Putin's point man on energy and Russian Deputy Prime Minister Alexander Novak said even if Russia has to trim production, it will not sell oil subject to a Western price

BNO

2 minute read

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

By Bhavik Nair

Today, 3:41 PM

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.

BNO

2 minute read

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

By Bhavik Nair

Today, 3:41 PM

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.

BNO

2 minute read

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

By Bhavik Nair

Today, 3:41 PM

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

BNO

2 minute read

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

By Bhavik Nair

Today, 3:41 PM

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

BNO

2 minute read

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

By Bhavik Nair

Today, 3:41 PM

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

BNO

2 minute read

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

By Bhavik Nair

Today, 3:41 PM

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

BNO

2 minute read

As Putin’s Gas Cuts Fuel Energy Crisis, EU Takes Emergency Actions

By Bhavik Nair

Today, 3:41 PM

The European Union has agreed to go ahead with a set of emergency actions to tackle the bloc’s energy crisis, with Germany finally yielding to pressure from its peers to pave the way for a temporary price cap on natural gas.

MLPX

2 minute read

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

By Bhavik Nair

Today, 3:41 PM

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

BNO

2 minute read

LNG Cargo Ships Queue Up Around Spain’s Coasts While Europe Grapples With Putin’s Gas Cuts: Here’s What Happened

By Bhavik Nair

Today, 3:41 PM

More than 35 ships carrying liquefied natural gas (LNG) circling off the coasts of Spain are reportedly unable to secure slots to unload their cargo which has prompted grid operators to warn they may have to suspend loading, acco

MLPX