Oil price barrel today

Greg Hands makes Putin jibe at SNP over oil and gas Sign up for our news briefing, including a daily special Russia-Ukraine edition SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Oil prices rose by almost three percent as markets prepare to open on Wednesday. Brent Crude future rose by a total of $3.08 (£2.58) to $105.85 (£88.60) per barrel despite plunging by as much as 9.5 percent on Tuesday. Related articles Ukraine: Horror as Putin official found in 'pool of blood' Kamala Harris mocked after speaking in front of spelling gaffe Yesterday's drop is said to have been the biggest daily drop since March. However, it was last up 92 cents (77 pence), or 0.9 percent, at $103.69 (£86.79) a barrel at 2.43am. US … [Read more...] about Oil price surge: Brent Crude bounces back in ‘reset’ amid return of supply concerns

Last minute negotiations by President Trump secured a 23-nation agreement to cut global oil production and potentially revive a struggling U.S. oil industry. The United States has pushed Russia and Saudi Arabia for weeks to end a price war that, along with the coronavirus pandemic, drove global oil prices to an 18-year low at the end of March. The deal is the largest oil production cut ever negotiated, equaling about 10 million barrels of oil a day, or 13% of global oil production, according to The Wall Street Journal . Trump touted the agreement of OPEC+, supported by the 13-member Organization of the Petroleum Exporting Countries and 10 other nations, on Sunday. “The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!” Trump tweeted. The big Oil Deal with … [Read more...] about Trump Touts ‘Hundreds Of Thousands’ Of Jobs Saved With OPEC+ Oil Deal | The Daily Wire

For the first time in 75 years, the United States exported more oil than it imported, carrying out a pledge from President Trump that America can achieve “energy independence.” While the U.S. has been a net oil importer since 1949, over the final week of November, U.S. net imports of crude oil and petroleum products fell to minus 211,000 barrels per day (bpd) — which means America exported more than it imported, according to data from U.S. Energy Information and Administration. Oil production has been booming in the U.S. as the shale revolution swept the nation. America is now the world’s largest producer of petroleum, passing Russia and Saudi Arabia. As the U.S. oil boom spread, the power of OPEC was reduced and gas prices in the U.S. have dropped from the $4+ highs under former president Barack Obama. Net imports peaked in 2005, topping 14 million bpd, but in the last few months, the U.S. has imported an average of 2 million bpd. U.S. production has more than doubled since 2012 … [Read more...] about GOOD TRUMP: U.S. Ends Reliance On Foreign Oil For First Time In 75 Years | The Daily Wire

Organization of Petroleum Exporting Countries ( OPEC ) Secretary General Mohammad Sanusi Barkindo passed away on Tuesday at 63 years old. “OPEC extends its deepest condolences to his family, friends, colleagues, loved ones and his home country, Nigeria,” the oil alliance said in a statement . “It is a day in which words are not enough, but it is also important to express our deep gratitude for the over 40 years of selfless service that HE Barkindo gave to OPEC. His dedication and leadership will inspire OPEC for many years and decades to come.” Barkindo assumed the helm of OPEC in 2016 after working as the group managing director of the Nigerian National Petroleum Corporation. He played a key role in producing the United Nations Framework Convention on Climate Change, according to OPEC . With member nations such as Iran, Saudi Arabia, Venezuela, Kuwait, and Iraq, OPEC officials set oil production targets in a bid to control worldwide energy supply. The alliance accounts … [Read more...] about OPEC Leader Dies As World Grapples With Oil Crisis | The Daily Wire

“The Daily Show” host Trevor Noah said that President Joe Biden’s presidency could stand or fall on whether gasoline prices continue to rise. “It seems like everything these days is more expensive,” Noah opened his segment on Monday. “But there’s one price that people notice more than anything — and that’s the price of gas.” Noah went on to detail how demand for oil and gas dropped precipitously due to COVID-19 related lockdowns. Noah said that even though demand had risen again because of the return to pre-pandemic life, it is not easy for gas producers to simply resume production, and it would take time to return to normal. The segment further found fault with the Organization of Petroleum Exporting Countries (OPEC), playing a montage of clips from news outlets arguing that OPEC was withholding production increases in order to recoup its pandemic losses. “The big question is, what can be done to lower gas prices?” Noah asked. “Well, the bad news for President Biden is not … [Read more...] about Trevor Noah: Biden’s Presidency Could Hinge On Rising Gas Prices | The Daily Wire

On Monday, the Trump administration announced that the U.S. would increase its pressure on Iran by cracking down on countries that import Iranian oil. Last year, the Trump administration provided sanction waivers to several countries that purchased oil from Iran. But on Monday, Secretary of State Mike Pompeo said the United States would not renew the waivers after they expire on May 2. “Almost one year ago, after withdrawing from the Iran nuclear deal, President Trump implemented the strongest pressure campaign in history against the Islamic Republic of Iran. The goal remains simple: to deprive the outlaw regime of the funds it has used to destabilize the Middle East for four decades and incentivize Iran to behave like a normal country.” Pompeo pointed out that Iran’s economy depends on its oil, with 40% of the regime’s revenue coming from oil sales. “Our goal has been to get countries to cease importing Iranian oil entirely,” Pompeo said. “Last November, we granted exemptions … [Read more...] about Trump Administration Seeks To Stop All Countries From Buying Iranian Oil | The Daily Wire

Cost of living: Tesco boss warns of spike in food bank use Sign up and receive our free daily stars from Russell Grant SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The supermarket giant is refusing to “pass on unjustifiable price increases" to customers as suppliers escalate their prices amid soaring inflation. Mars Petcare products, which include pet food favourites Sheba, Cesar dog food and Iams, will also not be available to customers. The latest supply row comes after Heinz ketchup and baked beans were pulled from Tesco’s shelves last week as the cost-of-living crisis continues. Related articles Keep bread fresh for 3 weeks with simple food storage hack Prince Harry pushes 'regal brand' and 'heritage' in … [Read more...] about ‘Going to the dogs!’ Tesco to no longer stock Whiskas and Pedigree pet food amid price row

Boris Johnson briefs cabinet on National Insurance cuts Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info In total, about 30 million people are expected to benefit from the threshold increase, which was introduced to help with rising costs. But the savings will be offset by the National Insurance contribution increase in April, which went up by 1.25 percentage points to tackle the NHS and social care backlog. Related articles State pension warning: Britons could 'lose out' with NI rule change National Insurance tax cut worth £330 secured as threshold rises How much money will you save? The National Insurance threshold increase will benefit … [Read more...] about National insurance: How much will you save from today?

We are now several months into the conflict with Russia. I say “we” because we are all pretending here in the West that the real war is between Russia and Ukraine but (nod nod wink wink) if we clandestinely, in some sense, provide full support to Ukraine then maybe the Russians, foolish and backward as they are won’t notice and we can simultaneously pretend that we aren’t flirting with the prospect of a long, arduous and inconceivably destructive war. I want to say at the outside that I think what Putin has done is unconscionable; God only knows what the impact will be, as all four of the horsemen of the apocalypse are on the march again. I think that the collusion of the leadership of the Russian Orthodox Church is even more unforgivable. Be that as it may, I also believe that the attempt to deeply understand the motive forces for this war, as it is very difficult to set things right (let alone avoid a similar future catastrophe—or even to stop this conflict from spreading) in the … [Read more...] about PETERSON: Russia Vs. Ukraine Or Civil War In The West? | The Daily Wire

By Tom Espiner Published 2 hours ago comments Comments Share close Share page Copy link About sharing The pound has fallen to a two-year low against the dollar reflecting traders' increasing concerns about recession around the world as energy prices continue to soar. But sterling is also weak because markets are worried about future UK economic growth, analysts said. Sterling could fall even further after predictions of economic stagnation and as inflation rises, they added. London shares regained some ground on Wednesday following Tuesday's falls. The resignation of two senior government ministers on Tuesday evening, including former Chancellor Rishi Sunak, was not a significant factor in the pound's fall, Rabobank head currency strategist Jane Foley told the BBC Radio 4 Today programme. UK household energy bills to hit £3,000 per year Sunak … [Read more...] about Pound slides to two-year low against the dollar