Author name: David Ryabchikov

Trump plans to use Venezuela’s huge crude reserves ‘to cut US oil price to $50 a barrel’

Trump plans to use Venezuela’s huge crude reserves ‘to cut US oil price to $50 a barrel’

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Donald Trump plans to use Venezuela’s vast crude reserves to establish control of most of the western hemisphere’s oil in an attempt to drive the market price down to about $50 (£37) a barrel, according to reports. The US president has repeatedly raised the prospect of producing enough crude from Venezuela’s oilfields to drive down […]

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Exxon Mobil (XOM) Stock: Company Warns of $1.2B Q4 Profit Hit from Lower Oil Prices

Exxon Mobil (XOM) Stock: Company Warns of $1.2B Q4 Profit Hit from Lower Oil Prices

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TLDR Exxon Mobil warned falling crude prices could cut Q4 upstream profit by $800 million to $1.2 billion Crude prices dropped sharply in late 2024, with Brent down 19% and WTI down nearly 20% for the year Natural gas price changes could impact earnings anywhere from a $300 million loss to a $100 million gain

Exxon Mobil (XOM) Stock: Company Warns of $1.2B Q4 Profit Hit from Lower Oil Prices Read More »

Trump says he’ll unleash Venezuela’s oil. But who wants it?

Trump says he’ll unleash Venezuela’s oil. But who wants it?

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Shortly after launching a dramatic raid in which U.S. forces abducted Venezuelan leader Nicolás Maduro on Saturday, President Donald Trump justified the action with a promise to revive Venezuela’s moribund oil industry. The country has by far the largest claimed reserves of crude oil in the world, accounting for almost a fifth of the planet’s

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From Cummins’ Gasoline Engine to Struck Mini Dozers – Our Top 10 Stories of 2025

From Cummins’ Gasoline Engine to Struck Mini Dozers – Our Top 10 Stories of 2025

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WTI steadies near $57.50 as traders await OPEC+ meeting

WTI steadies near $57.50 as traders await OPEC+ meeting

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West Texas Intermediate (WTI) Oil price holds ground after registering modest losses in the previous trading session, hovering near $57.50 during the Asian hours on Friday. Traders are awaiting Sunday’s virtual meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+), with expectations that the group will uphold its November decision to

WTI steadies near $57.50 as traders await OPEC+ meeting Read More »

INQToday: Bersamin slams inclusion in ‘Cabral files’

INQToday: Bersamin slams inclusion in ‘Cabral files’

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Here’s a quick roundup of today’s top stories: Diesel, kerosene prices climb as 2025 closes Motorists will see higher fuel costs to close the year as diesel and kerosene prices are set to go up this week, adding pressure on transport and household expenses during the busy holiday travel period… https://www.inquirer.net/463938/inqtoday-bersamin-slams-inclusion-in-cabral-files/

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From AI Bubble Burst To Trump Tariffs: 5 Key Risks For Global Economy In 2026

From AI Bubble Burst To Trump Tariffs: 5 Key Risks For Global Economy In 2026

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Global Economic Outlook 2026 | Image: Freepik From AI bubbles to Trump tariffs, Inflation resurgence and possible oil price spikes, have a look at 5 key risks that loom over the economic outlook for 2026.  AI bubble bursts US tech companies fail to monetise AI, questioning the logic of immense investment in hardware/software and related

From AI Bubble Burst To Trump Tariffs: 5 Key Risks For Global Economy In 2026 Read More »

Crude Oil Prices Continue Higher on Recent Oil Tanker Disruptions

Crude Oil Prices Continue Higher on Recent Oil Tanker Disruptions

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January WTI crude oil (CLF26) today is up +0.51 (+0.91%), and January RBOB gasoline (RBF26) is down -0.0024 (-0.14%). Crude oil today is higher on continued concern about oil risks related to Venezuela and Ukraine-Russia.  Other bullish factors included the weaker dollar and the slightly stronger stock market.  Crude prices have carry-over support from last

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Oil price collapse signals a dangerous liquidity trap and Bitcoin isn’t safe just because inflation is down

Oil price collapse signals a dangerous liquidity trap and Bitcoin isn’t safe just because inflation is down

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Over the last few months, oil prices have collapsed below $60 a barrel alongside Bitcoin’s slide from $126,000 in October to around $89,000 today. So, does energy’s slide reflect weaker demand or an inflation break that could impact risk assets like Bitcoin going forward? Brent closed at $58.92 and WTI at $55.27, the lowest settlements

Oil price collapse signals a dangerous liquidity trap and Bitcoin isn’t safe just because inflation is down Read More »

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