Newsfeeds - Spark Newswire

2 minute read

Will Indonesia Ignore US Sanctions Threat And Buy Russian Oil? President Widodo Says If A Country Offers Better Price, ‘Of Course’

Today, 1:17 PM

As pressure piles on the Indonesian government over surging energy costs, the country is reportedly considering to join its Asian counterparts in buying Russian oil.

BNO

2 minute read

Janet Yellen Wants You To Brace For Higher Gas Prices This Winter, Pointing To Major Risk Factor

By Bhavik Nair

Today, 1:17 PM

U.S. Treasury Secretary Janet Yellen said on Sunday Americans could witness a rise in gas prices in the winter when the European Union significantly trims Russian oil purchases, reported CNN.

BNO

1 minute read

Oil Slides Further As Demand Worries Grow — But US Officials Prepare For Possible Price Surge By Year-End

By Bhavik Nair

Today, 1:17 PM

Oil fell on Friday dragged by demand concerns, increasing stockpiles, and the likelihood of the Biden administration making a fresh release from emergency reserves.

BNO

2 minute read

Oil Loses Steam: With OPEC+ Supply Cut Baked In, All Eyes Now On ECB, Fed Rate Decisions

By Bhavik Nair

Today, 1:17 PM

Oil prices fell in Asia trading on Wednesday, dragged by worries over potential rate hikes by the European Central Bank (ECB) and Federal Reserve this month, as well as extended COVID-led lockdowns in China.

BNO

2 minute read

Oil Maintains Gains After This OPEC+ Decision: Iranian Nuclear Deal Talks Setback Lends Support

By Bhavik Nair

Today, 1:17 PM

Oil maintained gains from the previous session on Tuesday morning in Asia trading after the Organization of Petroleum Exporting Countries and allies including Russia (OPEC+) decided on a modest 100,000 barrel-a-day supply cut while adding that the group may do more in the fourth quarter if necessary.

BNO

2 minute read

How G7 Plans To Lower Energy Prices While Slashing Russia’s Crude Oil Revenues

By Bhavik Nair

Today, 1:17 PM

The Group of Seven (G7) finance ministers will hold talks this week on permitting global purchases of Russian oil at a capped price, a move the U.S.

BNO

2 minute read

Movers

Understanding Vanguard Energy ETF’s Unusual Options Activity

By Benzinga Insights

Today, 1:17 PM

Shares of Vanguard Energy ETF (NYSE:VDE) saw some unusual options activity on Tuesday. Following the unusual option alert, the stock price moved up to $69.89.

VDE

2 minute read

Uncategorized

Major Energy Pipeline To US East Coast Shut Down After Cyberattack

By Bibhu Pattnaik

Today, 1:17 PM

A cyberattack has forced Colonial Pipeline to halt operations of its 5,500 miles of pipeline, which transports approximately 45% of all fuel consumed on the East Coast.

VDE