WTI Crude Plunges on Softening Demand and China Slowdown; Oil Will Drop to $70, Says Moody's A barrel of West Texas Intermediate was trading at $86.63 on Wednesday. Aug 17, 2022By Jacob J
Musk to Buy Twitter Eventually? Tech Tycoon Loads Up Cash by Selling $7 Billion Worth of Tesla Shares Musk has now offloaded $32 billion worth of stock in Tesla in the last 10 months. Aug 10, 2022By Jacob J Elon musk
US Stocks Brace for More Hammering as Analysts Briskly Cut Third-Quarter Profit Estimates The third-quarter bottoms-up earnings-per-share estimate fell by 2.5 per cent in July, according to FactSet. Aug 8, 2022By IBTimes APAC Desk
Gas Prices Rise in Europe as Russia's Energy War on the West Escalates European gas prices rose nearly 2 percent after Russia further reduced gas flows on Nord Stream to Europe. Jul 27, 2022By Jacob J
Europe Braces for Russian Gas Shutdown; Agrees to Drastic Cut in Consumption Until March EU energy ministers rally around Brussels' call to limit gas consumption and send a message of European unity to Moscow. Jul 26, 2022By Jacob J
Average US Gasoline Prices Could Drop Below $4 Per Gallon by October - Analyst In early June, US gasoline prices shot through the sensitive barrier of $5 per gallon. Jul 23, 2022By Jacob J
Staggering Big Oil Profits Over the Years: $52 Trillion in 50 Years, Or $2.8 Billion Each Day The vast total captured by the petrostates and fossil fuel companies since 1970 is $52 trillion, a Guardian report says. Jul 22, 2022By IANS
EU Nations at Threat of Recession of Russia Shuts Off Gas Supply: IMF While Hungary, Slovakia and the Czech Republic will be the hardest hit, the impact will be severe for Italy, Germany and Austria as well. Jul 19, 2022By Jacob J
Despite Sell-Off, Crude Oil Prices Will Stay at $120 a Barrel in Second Half of the Year - Goldman Sachs Despite prices tilting downward in the recent weeks, Goldman economists believe that low inventories will be the key driver or prices. Jul 15, 2022By Jacob J
Crude Oil Prices Will Tumble to $65 Per Barrel By December - Citigroup Analysts The analysts at the investment bank are the only ones in the pack that think oil is headed for a fall within months. Jul 10, 2022By Jacob J
S&P 500 Index Could Post 30% Rise to Reach 4,900 by End of The Year - Analysts The benchmark stock index, which is currently in the range of 3,800, could likely rise to 4,900 by the end of the year, according to JPMorgan economists. Jul 6, 2022By Jacob J
Russia's Medvedev Says Oil Prices Could Rise to $400 Per Barrel if the West Pushes Russia Too Far The world's richest nations have proposed a price cap on Russian oil so as to stop Moscow from building a war chest for the Ukraine campaign. Jul 5, 2022By Jacob J
Crude Oil Price Can Hit $380 Per Barrel if Russia is Forced to Cut Output Over G-7 Price Cap - Report JP Morgan says the "stratospheric" rise in oil price will happen in the wake of the US and European punishment for Russia over the Ukraine war. Jul 2, 2022By Jacob J
Recession Shock for Wall Street Has Begun, Bank of America Warns According to BofA Chief Investment Strategist Michael Hartnett, the 'bull and bear indicator' remains at maximum bearish for a straight third week. Jul 1, 2022By Jacob J
G-7 Plan to Cap Prices of Russian Crude Oil and Gas is Doomed to Fail, Here's Why The G-7 plan is to form a cartel that suppresses Russian crude prices while still making Russia pump crude so that supplies remain ample. Jun 28, 2022By Jacob J