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The Latest Breaking News from crude oil

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

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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

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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

The Hindu

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…

Benzinga

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

The Independent UK

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.

Benzinga

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…

Asharq Al-Awsat

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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.

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news in one place.

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Benzinga

3 Stocks Under $3 Insiders Are Aggressively Buying

US crude oil futures traded lower this morning on Friday. 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 Hindu

Data | India’s downturn in domestic crude oil production persists

India depends on imports to meet 85% of its crude oil needs, and its ageing oil wells are a major hiccup in the country’s ambition to reduce import reliance

Asharq Al-Awsat

Oil Price Rises Even as OPEC Boosts Output More than Expected

Oil prices rose Thursday despite an agreement by major crude producers to boost output more than expected, while US stocks rallied ahead of closely-watched employment data seen as a key input to the inflation debate. In Vienna, the OPEC+ group decided to add 648,000 barrels per day to the market…

Dynamite News

Business: India brushes off criticism over purchase of Russian oil

India on Thursday bluntly stated that the issue of purchase of crude oil from Russia is “not an India related issue at all” as its approach is guided by the nation’s energy security requirements, similar to that of "many other regions and countries" - pointing to the West. Read more…

Asharq Al-Awsat

TankerTrackers.com Locates Seized Greek Tankers in Iranian Waters

Two Greek oil tankers seized by Iran last week are located in Iranian waters, monitoring service TankerTrackers.com said in a Twitter post on Thursday. "We now have a visual confirmation that the hijacked Greek Suezmax tanker Prudent Warrior is in the anchorage of Bandar Abbas, Iran," the online service which…

The Times of India

Fuel retailers talking of under-recoveries on petrol, diesel: Hardeep Puri

NEW DELHI: With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses, which are as high as Rs 17.1 per litre on petrol and Rs 20.4 on diesel.

Benzinga

Insiders Buy More Than $41M Of 2 Penny Stocks

US crude oil futures traded lower 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…

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