2023-9-6 18:41 |
Saudi Arabia and Russia Monday morning agreed to extend oil production cuts, sending crude to its highest levels of 2023.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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Demand for oil has been weakened by Americans driving less as they work from home and amid the increasing use of fuel-efficient cars.
2023-6-29 09:00 | |
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Oil prices have tumbled about 40% from a year ago despite OPEC+ curtailing production. Weak demand is weighing on the market.
2023-6-29 09:00 | |
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A curated weekly summary of forward-focused crypto news that matters. This week, OPEC cuts oil production pushing gas prices higher and contributing to inflation concerns, the Ethereum Shanghai upgrade is set to take effect this week, and Texas legislators table a bill to return the state to the Gold standard.
2023-4-10 15:00 | |
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Coinspeaker OPEC+ Production Cuts to Impact Central Banks Fight against Inflation Reducing oil production means there will be a relative shortage in the supply of the product. OPEC+ Production Cuts to Impact Central Banks Fight against Inflation
2023-4-5 20:00 | |
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Oil has rebounded from March-April lows but remains vulnerable to how the global economy recovers and if output cuts by Saudi-Russia production hold.
2020-6-25 13:00 | |
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Coinspeaker Oil Stocks Unstable, Royal Dutch Shell Cuts Dividends for First Time Since World War IIIn an unprecedented move, Shell has cut down the interim dividend for its shareholders by 66% from $0.
2020-5-1 16:11 | |
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Coinspeaker U. S. Cuts Down Its 2020 Oil-Output Forecasts Just Ahead of OPEC+ MeetingThe war for the oil market share between Russia and Saudi Arabia has forced the U. S. oil producers to severely cut their budgets and production outputs.
2020-4-8 11:37 | |
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On March 9th, a black swan broke out in the global market: the negotiations on oil production cuts between OPEC (Organization of the Petroleum Exporting Countries) and Russia broke down, which led to the collapse of the major oil-producing countries’ alliances and triggered a full-scale price war.
2020-3-11 23:38 | |
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The Organization of Petroleum Exporting Countries (OPEC) and Russia have agreed to push up their regular March meeting due to a price collapse. Oil has dropped over 20% in January amid fears of demand cuts related to the coronavirus outbreak.
2020-2-3 00:24 | |
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Venezuela to back its Petro with 30 million barrels of crude oil instead of 5 billion barrels as initially planned
2019-11-22 19:05 | |
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U. S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos.
2019-10-3 00:45 | |
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Hut 8 Mining (named after Hut 8 in Bletchley Park, where Alan Turing broke the enigma code and accelerated the end of World War II) has just filed its audited financial statements for 2018, detailing a tight but still profitable bitcoin mining business.
2019-5-10 20:04 | |
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The U. S. stock market clung to gains Wednesday, as rebounding oil prices propelled the energy sector-heavy Dow higher following Saudi Arabia’s latest pledge to scale back production. DOW SLAMS ON THE BRAKES By the middle of the day, the Dow Jones Industrial Average had given up most of its 200-point gain.
2019-2-13 21:04 | |
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| Analogue Notcoin - TapSwap |
Solana, the self-proclaimed high-speed blockchain darling, finds itself facing an uphill battle. A confluence of a broader crypto market downturn and persistent network congestion threatens to stall its momentum and cast doubt on its long-term viability.
Solana, like many Proof-of-Stake (PoS) cryptocurrencies, relies on a decentralized network of validators who secure the network by staking their SOL coins. In exchange for staking, validators earn rewards.
The Wild West of cryptocurrency just got a little wilder. Solana, the blockchain known for its lightning-fast transactions, recently became a breeding ground for a peculiar phenomenon: the meme coin frenzy.
Many investors expressed worries about the crypto market corrections during this cycle. Bitcoin’s price drop has dragged altcoins with them, and, as a result, a more pessimistic sentiment has started to brew among some sectors of the crypto community.
A cryptocurrency analyst, who accurately foresaw the market’s bottom in 2018, is now focusing on Solana, foreseeing a price bottom for the cryptocurrency and identifying its next target after reaching it.
The Solana ecosystem has achieved a significant milestone by becoming the most popular blockchain ecosystem of the year. This is due to its ability to capture nearly half of the world’s crypto investor interest in the chain-specific theater.
The present bias towards long positions means potential for a long squeeze, where investors who hold long positions feel the need to sell into a falling market to cut their losses.