Jurrien Timmer, Fidelity’s Director of Global Macro, recently made a notable statement about Bitcoin, describing it as “exponential gold” and an emerging player on the “store of value” team. Timmer’s comments were shared through a series of posts, where he elaborated on Bitcoin’s evolving role in the financial ecosystem. In my view, bitcoin is exponential...Continue Reading
European Diesel Market Shows Signs of Tightening | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 14, 2024, 10:30 AM CDT Market spreads and futures prices signaled at the end of this week a tightening in the European diesel market, on the back of closed...Continue Reading
Tesla Shareholders Push Back Against ESG Proposals | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jun 14, 2024, 10:00 AM CDT Tesla shareholders approved Elon Musk’s...Continue Reading
Fitch: EU Tariffs on China’s EVs Will Not Affect European Market | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 14, 2024, 9:30 AM CDT The European Commission’s provisional tariffs on imports of Chinese electric vehicles in the EU are not expected to materially impact...Continue Reading
Debate Rages Over Global Oil Demand | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – Jun 14, 2024, 9:00 AM CDT Signs that inflation may be easing in the U.S. have given oil markets a bullish hue this week, but uncertainty...Continue Reading
Russia’s Oil Product Shipments Jumped by 10.4% in May | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Jun 14, 2024, 8:00 AM CDT Russia’s fuel exports by sea increased by...Continue Reading
By Editorial Dept – Jun 14, 2024, 7:30 AM CDT While optimistic inflation data slightly buoyed oil earlier this week, with the Fed indicating one rate cut before the end of this year, and more to follow in 2025 and 2026, a cocktail of global events is just as likely to sway crude prices in...Continue Reading
Is It Time to Get Back Into Energy Stocks? | OilPrice.com Premium Content By Editorial Dept – Jun 14, 2024, 7:30 AM CDT As you are probably aware, and for obvious reasons, when writing here I typically stick to energy markets, writing about either stocks in the sector or the commodities that underly them. That...Continue Reading
Oil and Gas M&A Momentum Continues to Build | OilPrice.com Premium Content By Editorial Dept – Jun 14, 2024, 7:30 AM CDT Deals, Mergers & Acquisitions Matador Resources Company has announced the acquisition of Permian Basin oil and gas properties from Ameredev II Parent, LLC for $1.9 billion. This deal includes a 19% stake in...Continue Reading
China’s Oil Demand Threatened by LNG Trucks | OilPrice.com Premium Content By Editorial Dept – Jun 14, 2024, 7:30 AM CDT 1. IEA Angers Oil Market With 2029 Demand Peak Call – This week has seen a fierce standoff between OPEC and the IEA, with the latter predicting a peak to oil demand in 2029 at 105.6...Continue Reading
