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47104
Signals
https://fortune.com/2023/04/03/opec-plus-oil-production-cut-global-pricing-power-goldman/?xid=soc_socialflow_twitter_FORTUNE
OPEC+, the global consortium of oil-producing nations, has proved once again its unmatched influence over energy markets, even if the organization's actions could mean another surge in inflation worldwide.
Oil-producing allied nations including Saudi Arabia, Iraq, and the United Arab Emirates...
Oil-producing allied nations including Saudi Arabia, Iraq, and the United Arab Emirates...
47069
Signals
https://www.foxnews.com/politics/biden-doubles-down-green-energy-opec-cuts-production-prices-soar?intcmp=tw_fnc
President of U.S. Oil and Gas Association Tim Stewart discusses oil cuts and prices.President Biden is doubling down on his push for an economy-wide transition to clean energy sources like wind and solar even as energy prices soar in response to global fossil fuel production cuts.On Monday, after...
47070
Signals
https://grist.org/energy/california-takes-the-lead-on-curbing-big-oil-price-gouging/
Spiking gas prices, spurred by Russia's invasion of Ukraine, and oil industry profits of $200 billion prompted widespread calls last year for price-gouging investigations. President Biden even threatened to impose a windfall tax on Big Oil if it didn't invest some of those record profits into...
47071
Signals
https://www.reuters.com/markets/us/sp-nasdaq-futures-fall-inflation-worries-after-opec-output-cut-2023-04-03/?taid=642af933bfdda20001eb05a9
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The S&P 500 ended higher on Monday, lifted by energy stocks following surprise cuts to the OPEC+ group's oil output targets, while Tesla tumbled after its electric vehicle deliveries for the first quarter disappointed investors.
47072
Signals
https://www.zerohedge.com/markets/oil-prices-soar-hedge-fund-short-squeeze
Over the weekend, and ahead of the OPEC+ output cut shocker, we first reported that short WTI bets had already collapsed by the most in 7 years following last week's sharp spike in oil prices.Now, it's energy guru John Kemp's turn to report that investors started to pair back short positions in...
