The Latest Breaking News from crude oil

Windfall profit tax on crude oil halved, levy on export of diesel too slashed

NEW DELHI: The government on Thursday slashed to less than half the windfall profit tax on domestically produced crude oil and also reduced the levy on diesel.

The Times of India · Dec 1, 2022

5 Oil and Gas Stocks to Watch This Holiday Travel Season

Crude oil prices are increasing with declining inventory and hopes of a slower interest rate hike. Moreover, a surge in demand is also expected due to the possible reopening of the Chinese economy and holiday travel. Given the industry tailwinds, we think it could be wise to consider investing in…

StockNews.com · Nov 30, 2022

To fight the climate crisis, we need to stop expanding offshore drilling for oil and gas

Environmental disaster struck the shores of Peru on Jan. 15, 2022, when Spanish energy company Repsol spilled 12,000 barrels of crude oil into the Bay of Lima after its tanker ruptured. The spill endangered 180,000 birds and destroyed the livelihoods of 5,000 families.

The Conversation · Nov 28, 2022

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 · Nov 21, 2022

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 · Nov 21, 2022

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 · Nov 18, 2022

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 · Nov 15, 2022

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 · Nov 9, 2022

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 · Nov 9, 2022

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 · Nov 7, 2022