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The Latest Breaking News from crude oil

Saudi Petrochemical Strategy in its Final Stages

Saudi Minister of Energy Prince Abdulaziz bin Salman said on Wednesday that the petrochemical sector was rapidly growing in demand for oil globally, stressing that the acceleration in growth will continue until 2040. In remarks during the inauguration of the Saudi Petrochemical Industries Company (SABIC) building in Jubail, the minister…

Asharq Al-Awsat

PTT: Oil at $90 in 2023

Global crude oil prices are expected to keep decreasing to US$85-95 a barrel next year when the world economy slows down, according to analysts of national oil and gas conglomerate PTT Plc.

Bangkok Post

Can Valero Energy Help Energize Your Portfolio This Fall?

Although oil and gas prices have fallen significantly from their highs, crude oil prices are expected to rise further because of the potential supply crunch. This could benefit oil and gas major Valero Energy (VLO). Moreover, the stock is trading above its 50-day and 200-day moving averages, indicating an uptrend.…

StockNews.com

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Oman’s Producer Price Index Posts Increase of 37%

Oman's producer price index for the third quarter of 2022 posted an increase of 36.6 percent, compared to the corresponding period in 2021, according to the quarterly survey by the National Center for Statistics and Information (NCSI). The Oman News Agency (ONA) reported on Sunday that oil and gas prices…

Asharq Al-Awsat

Yemeni Official to Asharq Al-Awsat: Fate of FSO Safer to Be Determined after Unloading

The head of the Yemeni maritime authority has ruled out a new dispute arising and hindering the process of unloading the FSO Safer, a derelict oil tanker moored off the coast of Yemen. The government and Iran-backed Houthi militias will later agree on the fate of the tanker after unloading…

Asharq Al-Awsat

Saudi Crude Exports Surge to 29-Month High in September

Saudi Arabia's crude oil exports rose for a fourth straight month in September to the highest in 29 months, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. Crude exports rose about 1.6 percent to 7.721 million barrels per day (bpd) in September - the highest since April…

Asharq Al-Awsat

Nigeria charges 26 men from oil tanker in suspected crude theft

A Nigerian court has charged 26 men with conspiracy to commit a maritime offence and attempting to illegally deal in crude oil after authorities accused their supertanker of sailing in Nigerian waters without authority.

Reuters

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Crude Oil Down Over 2%; Outset Medical Shares Spike Higher

U.S. stocks traded lower midway through trading as investors focused on the outcome of the midterm elections.

Benzinga

2 Oil and Gas Stocks to Get in on Before 2023

A tight supply has turned hedge funds bullish on crude oil. Moreover, with winter approaching and the EU embargo on Russian energy exports expected to kick in soon, oil prices could break $100 per barrel once again. Hence, quality oil and gas stocks Valero Energy (VLO) and Birchcliff Energy (BIREF)…

StockNews.com

Oil supertanker grounded in Indonesia will take a month to free - navy

Indonesian authorities said on Monday it could take up to a month to free a crude oil tanker stuck in its waters, while the United States slapped sanctions on the vessel for alleged links to Hezbollah and a branch of Iran's Revolutionary Guards.

Reuters

Uganda-Tanzania oil pipeline project a 'carbon bomb', analysis shows

The multibillion euro East African crude oil pipeline project, being financed by France's TotalEnergies and the China National offshore Company, will produce far more carbon emissions than claimed, new data shows.

Radio France Internationale

Saudi Arabia Registers Jump in Foreign Direct Investment Inflows

Foreign direct investment flows recorded a growth of 46.5% during the second quarter of this year, compared to the same period of 2021, after excluding the Saudi Aramco deal amounting to 46.5 billion riyals ($12.4 billion). Last year, Aramco forged a pipeline infrastructure deal worth 46.5 billion riyals ($12.4 billion)…

Asharq Al-Awsat

Nasdaq Dips 100 Points; Crude Oil Rises Sharply

U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping more than 100 points on Wednesday.

Benzinga

Exxon Mobil, Goldman Sachs And 2 Other Stocks Insiders Are Selling

US crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

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Dynamite News

Business: India Cuts Windfall Tax On Crude Oil, Hikes For Aviation Fuel, Diesel

The notification containing the revised tax structure shall come into force immediately from today. Read on for details:

Asharq Al-Awsat

Saudi Aramco Posts 39% Jump in Third-quarter Profits

Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year, the latest financial results boosted by higher oil prices and volumes sold. The energy giant's net income totaled $42.4 billion -- up from $30.4 billion during the same period last year -- and was "primarily driven…

USAFacts

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Asharq Al-Awsat

Houthis Threaten to Launch Terrorist Attacks in Response to Security Council Condemnation

The Iran-backed Houthi militia responded to a UN Security Council statement condemning its attack on the al-Dabba port in Hadramout by threatening to expand its attacks and warning that it could resort to any option to target local energy facilities and maritime trade. The militias have targeted two oil ports…

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Asharq Al-Awsat

Saudi Arabia, France to Cooperate on Clean Hydrogen, Renewable Energy

Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz reiterated on Friday the need to increase the stability of the global oil market, during a video call with French Minister for Energy Transition, Agnes Pannier-Runacher. Saudi Arabia and France are seeking to increase cooperation in clean hydrogen and renewable energy.…

Asharq Al-Awsat

Oil Falls as China Widens COVID-19 Curbs

Oil prices fell on Friday after China, the world's top crude oil importer, widened its COVID-19 curbs, but were poised for a weekly gain on supply concerns ahead of Europe's pending cut-off of Russian imports. Brent crude futures eased 78 cents, or 0.8%, to $96.18 a barrel at 0350 GMT,…

The Times of India

How India is snapping up cheap crude oil as West tightens Russia sanctions

NEW DELHI: Oil refiners in India are buying crude oil at cheaper rates by entering term deals with other countries amid concerns that tighter sanctions from the West on Russia could curb future supplies.

Benzinga

Adobe, Costco And 2 Other Stocks Insiders Are Selling

US crude oil futures traded lower this morning on Thursday. Investors, meanwhile, focused on some notable insider trades.

The Guardian - UK

‘Monstrous’ east African oil project will emit vast amounts of carbon, data shows

Experts say crude oil pipeline from Uganda to Tanzania will produce 25 times host nations’ combined annual emissions

Benzinga

Dow Jumps Over 300 Points; Crude Oil Rises Sharply

U.S. stocks traded mostly higher midway through trading, with the Dow Jones gaining more than 300 points on Wednesday.

Benzinga

United Airlines, Johnson & Johnson And 2 Other Stocks Insiders Are Selling

US crude oil futures traded lower on Monday. Investors, meanwhile, focused on some notable insider trades.

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Dipanjan BanchurSince

Abdulaziz bin Salman bin Abdulaziz

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