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18.07.25 - 21:09
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4 Oil Market Myths That Just Won′t Die (ZeroHedge)
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4 Oil Market Myths That Just Won't Die
Authored by Tsvetana Paraskova via OilPrice.com,
Despite claims of energy independence, the U.S. remains a net crude oil importer, though it is a net petroleum exporter overall.
Oil prices are influenced by a complex interplay of supply, demand, and geopolitical events, not solely by OPEC or U.S. presidents.
While renewables are growing, oil is not expected to be entirely replaced soon due to its essential role in various sectors like transportation and petrochemicals.
They've been debunked. Repeatedly. But like zombies in a horror movie, these oil market myths just won't stay dead. From campaign slogans to cocktail party arguments, here's what the data really says.
1) The U.S. is Energy Independent
Energy independence has been a key slogan in the campaigns and presidential terms of President Donald Trump. Make America Great Again and Make the US Energy Independent have often been tied into one pledge or claim.
Fact: While the U.S...
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18.07.25 - 20:30
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Gold Climbs Amid Brewing Middle East Tensions (AFX)
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WASHINGTON (dpa-AFX) - Gold prices rose on Friday amid brewing Middle East tensions and the renewed Russia-Ukraine crisis along with continuing trade uncertainty as the US economy shows resilience......
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18.07.25 - 20:06
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EU and UK lower price cap on Russian oil in bid to curb Kremlin′s war on Ukraine (The Guardian)
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EU's foreign policy chief says latest sanctions package is 'one of the strongest' to dateThe EU and the UK have agreed to lower the price cap on Russian oil in a move to further clamp down on the Kremlin's ability to wage war on Ukraine.The EU has agreed to lower the cap on seaborne oil exports to $47.60 from $60 a barrel as part of what its foreign policy chief, Kaja Kallas, called “one of [the] strongest sanctions packages against Russia to date”. Continue reading......
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18.07.25 - 19:36
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Soybeans Posting Friday Gains (Barchart)
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Soybeans are trading with 8 to 8 cent gains at midday, backing off from early double digit gains. The cmdtyView national average new crop Cash Bean price is up 6 ½ cents today at $9.89 3/4. Soymeal futures......
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18.07.25 - 19:36
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Cattle Fading onto the Weekend (Barchart)
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Live cattle futures are easing back on Friday, with contracts down 57 cents to $1.07, as August is still being held up by cash. Cash trade has been light this week, with light trade picked up in KS at......
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