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The RN-Tuapsinsky refinery operated by Rosneft Oil Co. in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images SINGAPORE — As the world’s oil traders and analysts gathered at the annual Asia Pacific Petroleum Conference in Singapore last week, the slump in oil and where it was headed was foremost in everybody’s mind. China, the

In this article @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT U.S. crude oil traded above $70 per barrel on Tuesday, as production in the Gulf of Mexico is still in recovery mode after Hurricane Francine. More than 200,000 barrels per day remained offline in the Gulf as of Monday, according to Bureau of Safety

In this article DJT Follow your favorite stocksCREATE FREE ACCOUNT Republican presidential nominee and former U.S. President Donald Trump reacts in the spin room, on the day of his debate with Democratic presidential nominee and U.S. Vice President Kamala Harris, in Philadelphia on Sept. 10, 2024. Evelyn Hockstein | Reuters Around sixteen minutes into Republican

Grace Cary | Moment | Getty Images Inflation continued to throttle back in August, signaling that the fast-rising prices that plagued the U.S. economy for the better part of the three years during the pandemic era are increasingly shifting into the rearview mirror. Overall inflationary pressures are “dissipating,” said Sarah House, senior economist at Wells

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 erased much of its earlier losses Wednesday as September continued to live up to its reputation as a volatile month. The in-line August consumer

The team from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) took samples of natural hydrogen gas found in One Pute Jaya Village, Morowali Regency, Central Sulawesi Province, Indonesia, 23 October 2023. Nurphoto | Nurphoto | Getty Images Koloma, a U.S.-based clean fuel startup backed by Bill Gates and Jeff Bezos, says it

Ryan Salame, the former co-chief executive of FTX Digital Markets, exits the Federal Court after sentencing in New York City, U.S., May 28, 2024.  Brendan Mcdermid | Reuters Former FTX executive Ryan Salame is back in court on Thursday, as Judge Lewis Kaplan looks for answers about the back-room dealings that led to Salame’s criminal

A bitcoin sign is seen in the main hall during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee. Jon Cherry | Getty Images It was a week of extremes for bitcoin enthusiasts. On the plus side, the cryptocurrency rose 12% in the past seven days and the network hash

Bitcoin is rising above $64,000, and MicroStrategy shares are soaring by 40% in three days in Suqian, Jiangsu Province, China, on February 29, 2024.  CFOTO | Nurphoto | Getty Images MicroStrategy shares jumped more than 8% on Friday after founder Michael Saylor said the company purchased another $1.1 billion worth of bitcoin. The stock jumped

The future of lithium production in the U.S. is gaining momentum in Arkansas, as companies like ExxonMobil, Albemarle, and Standard Lithium make significant investments in the state. This comes at a time when global demand for lithium, driven by electric vehicles and energy-storage needs, continues to grow. In 2023, global lithium consumption reached 180,000 metric

D3sign | Moment | Getty Images Inflation cooled in August and fell to its lowest level since February 2021, which was around the time the consumer price index began to climb during the pandemic era. This broad trend in the U.S. economy — a declining but still-positive rate of inflation — is known as “disinflation.”

Satellite image of Hurricane Francine on Sept. 11th, 2024. NOAA GOES EAST U.S. crude oil jumped more than 1% to trade above $68 per barrel on Thursday, after Hurricane Francine churned through the Gulf of Mexico, disrupting oil production before making landfall in Louisiana. Oil futures rose more than 2% in the previous session as

Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives to court in New York, US, on Thursday, Oct. 12, 2023. Bloomberg | Bloomberg | Getty Images Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client’s role in the implosion

U.S. crude oil rebounded more than 2% on Wednesday, regaining some ground after prices closed at the lowest level in nearly three years in the previous session. Here are Wednesday’s energy prices: West Texas Intermediate October contract: $67.44 per barrel, up $1.69, or 2.6%. Year to date, U.S. crude oil has fallen 5.9%. Brent November contract:

Stand With Crypto’s bus tour through five battleground states kicked off last week in Phoenix and Las Vegas. Logan Dobson/Stand With Crypto Alliance A big purple bus adorned with “AMERICA ❤️ CRYPTO” started making its way across five swing states last week, on a mission to get out the vote ahead of the presidential election.

An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas.  Brandon Bell | Getty Images News | Getty Images SINGAPORE — Global markets are severely overplaying an oil supply glut, said Jeff Currie, chief strategy officer of energy pathways at private equity giant Carlyle. Concerns about a supply glut

Cylib, a startup backed by Porsche and Bosch, is building a huge electric vehicle battery recycling facility in Dormagen, a town in Germany’s North Rhine-Westphalia region. Cylib A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their

U.S. crude oil futures rebounded nearly 1% on Monday after posting the worst week since October 2023. The U.S. benchmark has fallen 15.8% so far in the third quarter while the Brent global benchmark has fallen more than 16.6%. “We have lost 400 million barrels of financial demand since early July,” Daan Struyven, oil research

Crude oil futures were on pace for a deep weekly loss, as the OPEC+ decision to postpone a production hike failed to ease worries that supply would outstrip demand. The Brent global benchmark has fallen 7.2% and is on pace for its worst week since October 2023. The U.S. benchmark is down 5.4% for its

Khalid Al-Falih, Saudi Arabia’s investment minister, during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 8, 2023.  Bloomberg | Bloomberg | Getty Images Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green shoring” investment opportunities to woo foreign financing. “There was many