Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from crude oil

Oil Stocks Drop As Biden Pushes For Gas Tax Holiday

Oil stocks were on the move Wednesday as crude oil prices pulled back from recent highs and U.S. President Joe Biden said he will push for a suspension of the federal gasoline tax.

Benzinga

How Washington can help lower gas prices and save your summer vacation

President Biden and Congress should embrace all the tools at our disposal to lessen the impact of skyrocketing fuel costs on American families. Our refining capacity should be increased by reopening existing plants.

Chicago Sun-Times

Saudi Crude Oil Exports Rise to Two-Year Peak in April

Saudi Arabia’s April crude exports rose to a two-year peak of 7.382 million barrels per day (bpd) in April from 7.235 million bpd in March, data from the Joint Organizations Data Initiative (JODI) showed on Monday.

Asharq Al-Awsat

From analysis to the latest developments in health,
read the most diverse news in one place.

PTT’s international trading arm confirms no oil shortage in the Thai market despite the Russia-Ukraine crisis

Thai oil and gas conglomerate PTT Group’s International Trading Business unit confirms no shortage of oil in the Thai market despite the ongoing Russia-Ukraine crisis but urges energy-saving discipline from all sectors. In admitting that volatility in global oil prices is uncontrollable, PTT Group recommends application of tools such as…

Bangkok Post

Refiners deny profit tally

The Petroleum Refining Industry Club, a unit of the Federation of Thai Industries, has insisted the current gross refinery margin (GRM) is reasonable, rebutting an accusation that oil companies are overcharging customers for refined oil.

Bangkok Post

Top Oil Analyst Likes These 2 Picks, Which Should You Buy?

The oil stocks have outperformed the broader market in 2022, driven by surging oil prices amid substantial fuel demand and supply chain disruptions exacerbated by geopolitical instability. As the crude oil prices are expected to soar further, Raymond James oil and energy analyst John Freeman recommends investing in Marathon Oil…

StockNews.com

What's driving the surge in South Africa's fuel price

Increases in the domestic price of fuel are big news in South Africa, with the price of petrol, diesel and paraffin reaching new highs. The underlying reason for the price increases is movements in the international price of crude oil. The acceleration in the international price of crude oil is…

The Conversation

Read news from The Economist, FT, and more,
with one subscription

Explainer: Moving to curb pump prices

Lowering the gross refining margin is a top priority for the government.

Bangkok Post

Investors poorer by over Rs 18 lakh crore as equities remain under pressure for 6th day

NEW DELHI: Investors' wealth has tumbled by over Rs 18.17 lakh crore during six days of market decline, with sentiments remaining extremely bearish amid rate hikes by global central banks, unrelenting foreign fund outflows and jump in crude oil prices.

The Times of India

3 ETFs to Buy on Goldman Sachs' Forecast of $140 Oil Prices This Summer

Oil prices have soared due to a confluence of factors that have crimped supply and boosted demand. Goldman Sachs has forecast that Brent crude oil prices will average $140 a barrel this summer. Given this backdrop, we think it could be wise to add energy ETFs iShares U.S. Oil &…

StockNews.com

Data | India, China help lift Russia’s post-war crude oil exports

Only 1% of India’s crude oil imports came from Russia in the past five years

The Hindu

EU bought 61% of Russia's fossil fuels in first 100 days of Ukraine war

NEW DELHI: Russia's invasion of Ukraine since late February has pushed up energy prices to record highs and tightened global supplies.

The Times of India

Egypt to Set Up New Area for Crude Oil Storage South of Cairo

Egypt plans to set up new area for crude oil storage in El-Tebbin, south of Cairo, the petroleum ministry said in a statement on Sunday. The project, with an estimated cost of 1.8 billion Egyptian pounds ($96.21 million), aims to receive crude from Ain Sokhna terminal on the red sea…

Asharq Al-Awsat

Indian crude oil basket hits 10-year high; petrol, diesel prices unchanged

NEW DELHI: The basket of crude oil that India buys has hit a decade high of $121 per barrel, but retail selling prices of petrol and diesel continue to remain frozen.

The Times of India

Get all your
news in one place.

100's of premium titles.
One news app.

The Hindu

Indian crude oil basket touches 10-year high, petrol price unchanged

The Indian basket of crude oil on June 9 touched $121.28, matching levels seen in February-March 2012

The Hindu

Current account deficit likely to hit three-year high at $43.8 billion in FY22

Exports could face significant headwinds from rising uncertainty and volatility in the global economy primarily because of the spike in commodity prices, especially crude oil after Russia invaded Ukraine

Benzinga

3 Stocks Under $2 Insiders Are Aggressively Buying

US crude oil futures traded higher this morning on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

The Independent UK

Greece: Appeals court overturns seizure of Iran tanker's oil

A court in central Greece has overturned a ruling that authorized the confiscation of crude oil from an Iranian-flagged tanker at the center of a volatile dispute over international sanctions

Get all your
news in one place.

100's of premium titles.
One news app.

Benzinga

Mid-Day Market Update: Crude Oil Rises 1%; Rigel Pharmaceuticals Shares Slide

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite adding around 50 points on Wednesday.

Benzinga

Executives Sell More Than $61M Of 4 Stocks

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

Asharq Al-Awsat

Oman Denies Claims about Negotiations with Iran Over Stakes in Hengam Gas Field

The Omani Ministry of Energy and Minerals stressed that it had not recently participated in any technical discussions or commercial negotiations related to the joint offshore oil field with Iran. Oman denied recent reports by Iranian media about a bilateral agreement over the Hengam gas field, and Tehran’s acquisition of…

StockNews.com

4 Top Momentum Stocks to Buy in June

Recently, the stock market has witnessed significant volatility due to several macroeconomic and geopolitical headwinds. Despite the highly uncertain market conditions, some stocks have gained strong momentum due to their strong fundamentals and growth prospects. As the market headwinds are expected to continue in the near term, it could be…

The Times of India

Sensex slips 94 points; Nifty falls to 16,569 level

MUMBAI: Markets continued to fall on Monday, with the sensex declining 94 points as investors remained cautious amid unabated selling by foreign funds and elevated crude oil prices ahead of the RBI's policy decision later this week.

Reuters

Saudi Arabia hikes July crude prices surprisingly high for Asia buyers

Saudi Arabia, the world's top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.

The Times of India

'Let's be even handed': Jaishankar defends India's oil imports from Russia

NEW DELHI: India's decision to go ahead with purchase of discounted Russian oil has faced criticism, especially after sanctions imposed on Moscow by many countries.

1 … 114 115 116 117

People

Dipanjan BanchurSince

722 stories

Mangeet Kaur BounsMangeet

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Federation of Thai Industries

52 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.