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The Latest Breaking News from crude oil

U.N. seeks $144 million to offload decaying Yemen oil tanker

The United Nations will launch a $144 million appeal on Wednesday for an operation to offload a million barrels of crude oil from a tanker stranded off the coast of war-torn Yemen for years which threatens a major environmental disaster.

Reuters

Rupee recovers 12 paise to close at 77.32 against US dollar

MUMBAI: Snapping its two-day losing streak, the rupee appreciated 12 paise to end at 77.32 (provisional) against the US dollar on Tuesday, supported by a rebound in regional currencies and fall in crude oil prices.

The Times of India

Three things that can go wrong at an illegal oil refinery in Nigeria

Years of government neglect and unemployment in Nigeria’s Niger Delta region have given rise to a widespread industry of illegally refining stolen oil.

The Conversation

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Executives Buy Around $5M Of 4 Penny Stocks

US crude oil futures traded lower on Monday. 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 or trading…

Benzinga

Ukraine latest updates: UN rights body to hold session on Ukraine

Over 50 member states back Kyiv’s request for meeting, which will address alleged Russian rights violations in Ukraine.

Al Jazeera

2 Stocks Under $3 Insiders Are Aggressively Buying

US crude oil futures traded higher 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 or trading…

Benzinga

Oil Rises as Supply Concerns Persist

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply. Brent futures rose $1.75, or 1.58%, to $112.65 per barrel by 1159 GMT, while US West Texas Intermediate (WTI)…

Asharq Al-Awsat

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Hungary cannot support new EU sanctions against Russia in present form -PM Orban

Hungary cannot support the European Union's new sanctions package, which includes an embargo on oil imports, in its present form, Prime Minister Viktor Orban said on Friday.

Reuters

Watch the gap: On widening trade deficit

The widening trade deficit puts more pressure on the rupee and aids growth-retarding inflation.

The Hindu

Orban says new EU sanctions against Russia would harm Hungary more -report

The European Union's new sanctions package against Russia, including an embargo on crude oil imports, would cause more harm to Hungary than Russia, Prime Minister Viktor Orban said, news website index.hu reported on Thursday.

Reuters

Phasing out oil can offer a better life for many

The EU could ban crude oil imports from Russia within six months if a new round of sanctions is approved. Excluding a handful of countries, refined Russian oil products like petrol and diesel could cease to flow into the EU by the end of 2022.

The Conversation

Executives Buy Over $373M Of 4 Stocks

Although crude oil futures traded higher on Thursday, there were a few notable insider trades.

Benzinga

Inevitable increase: On RBI’s interest rate hike

The RBI’s increase in interest rates was long overdue

The Hindu

Mid-Afternoon Market Update: Crude Oil Jumps 5%; Fed Boosts Interest Rates By 0.5%

U.S. stocks traded mixed toward the end of trading, after the Federal Reserve announced its policy decision.

Benzinga

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news in one place.

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Benzinga

Executives Buy Around $85M Of 4 Stocks

Although crude oil futures traded higher on Wednesday, there were a few notable insider trades.

Al Jazeera

EU chief proposes Russian oil ban in new round of sanctions

The proposal, if accepted by EU members, seeks to stop crude oil imports in six months, refined products by end of 2022.

Daily Mirror

EU proposes 'complete import ban' on Russian oil and gas over Putin's war on Ukraine

EU Commission President Ursula von der Leyen says the EU could stop importing crude oil in six months and phase out refined products by the end of 2022 in the sixth round of sanctions against Moscow

Benzinga

Executives Buy More Than $90M Of 4 Stocks

Although crude oil futures traded lower on Tuesday, there were a few notable insider trades.

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news in one place.

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Benzinga

10 States Where Gas Costs The Most

The effects of the Russia-Ukraine war are still sending ripples globally, even with crude oil prices falling $19 off the early March highs of $123 per barrel.

StockNews.com

Will Exxon Mobil Keep Outperforming in 2022?

International oil and gas company Exxon Mobil Corporation’s (XOM) huge profit increases in the first quarter of 2022, driven by lofty crude oil prices and the strength of its growing production portfolio positions, should help it see strong growth in the near term. Given that the oil giant continues to…

Benzinga

Executives Buy Around $1.6M Of 4 Penny Stocks

Asharq Al-Awsat

Syria Says Crude Oil Supplies to Arrive ‘Soon’ from Friendly Countries

Syria’s Oil Minister Bassam Tohme announced on Sunday a partial breakthrough in the country’s recent gasoline crisis, pointing to the arrival of new crude oil supplies “soon.” Ending the crisis depends on the arrival of oil shipments to Syria, Tohme explained. He said the Syrian government is working to resolve…

Asharq Al-Awsat

Germany: Quitting Russian Oil by Late Summer Is ‘Realistic’

Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil imports by late summer. Economy and Climate Minister Robert Habeck said Sunday that Europe’s largest economy has reduced the share of Russian energy imports to 12% for oil,…

The Independent UK

Germany: Quitting Russian oil by late summer is 'realistic'

Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of crude oil imports from Russia by late summer

The Times of India

Core sector growth slows down to 4.3% in March; end FY22 with 10.4% expansion

NEW DELHI: The production growth of eight infrastructure sectors slowed down to 4.3 per cent in March due to a decline in the output of coal and crude oil, though for the full 2021-22 fiscal, the core sector recorded a 10.4 per cent expansion, according to official data released on…

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