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The Latest Breaking News from crude oil

Pipeline operator to pay $13m over California coast leak

Los Angeles (AFP) - The operators of a pipeline that leaked crude oil onto California beaches has agreed to plead guilty to environmental pollution charges and pay $13 million, these companies said Friday.

AFP

Iraq Threatens New Legal Action against Kurdistan Crude Buyers

Iraq's state-owned oil marketer SOMO has threatened fresh legal action against buyers of crude oil originating from the semi-autonomous Kurdistan region, according to a letter dated Aug. 23 seen by Reuters. The letter is the latest in a series of moves by Iraq's oil ministry to try to control oil…

Asharq Al-Awsat

Oil Companies Prioritize Buybacks Over Production Gains

Oil companies are focusing on returning money to investors over increasing oil production.

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Oil spill settlement reached with California businesses

A pipeline operator says it has reached a settlement with Southern California tourism companies, fishermen and other businesses that sued after a crude oil spill last year

The Independent UK

Market wrap: Crude oil price continues to climb, dragging petrol with it

Meanwhile, the ASX200 eased ahead as traders digested a busy week of earnings reports as corporate Australia negotiates higher costs and interest rates.

The New Daily

Oil Prices Rise on Potential OPEC+ Supply Cuts

Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a US refinery. Brent crude rose 59 cents, or 0.6%, to $101.81 a barrel by 0400 GMT, while US West Texas Intermediate…

Asharq Al-Awsat

Dow Rises Over 100 Points; US Crude Oil Inventories Decline Higher Than Expected

U.S. stocks extended gains midway through trading, with the Dow Jones gaining more than 100 points on Wednesday.

Benzinga

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US Stock Futures Edge Higher Following Monday's Sell-Off, Crude Oil Rises

Pre-open movers

Benzinga

Gasoline Prices Are Down, But There's a Big Threat Looming

Prices at the pump have fallen again, but the summer decline is mostly over, according to industry watchers.

The Street

Morning Digest | Doval discusses high-tech cooperation in Moscow; Centre cuts windfall tax on domestic crude oil, and more

Here’s a select list of stories to read before you start your day

The Hindu

Oil at six-month low | Petrol at breakeven, losses continue on diesel

Brent crude oil was trading at ₹94.91 per barrel on August 18

The Hindu

‘India is buying Ukrainian blood by purchasing Russian crude oil’: Foreign Minister Dmytro Kuleba

Ukraine expected more practical support from India, said Foreign Minister Dmytro Kuleba

The Hindu

Coinbase Global, T-Mobile US And 2 Other Stocks Insiders Are Selling

U.S. crude oil futures traded lower this morning on Tuesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Crude Oil Falls Below $90, Gasoline Prices Decline for 61 Days

Gasoline is selling for an average of $3.92 a gallon.

The Street

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Benzinga

It's Slick In The Oil Patch: What Are Crude Oil Futures Saying About The Prices Ahead?

Investors know how volatile the commodities markets can be. When it comes to crude oil futures, it is a whole new ballgame with intraday as well as overnight volatility.

Bangkok Post

Time to curb speculation in commodities

Primary commodity prices have been on a roller-coaster ride for the past year, especially for the past six months. In the futures markets, crude oil prices rose by 39% in the month from Feb 8 to March 8, from US$89 (3,143 baht) per barrel to $124 per barrel, and then…

Tribune News Service

5 reasons why you’re paying way less at the gas pump

For nearly 60 straight days, drivers have seen a steady drop in gasoline prices — something that seemed unfathomable earlier in the summer when the average price nationally approached $5 a gallon.

Bangkok Post

SPRC details oil spill payouts in Rayong

Star Petroleum Refining Plc (SPRC) has reportedly paid about 90% of due compensation, worth 299 million baht, for two crude oil leaks in Rayong at the start of the year.

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Bangkok Post

Demand destruction the new buzzword

On Feb 23, a day before Russia invaded Ukraine, the world crude oil price was US$90.60 (3,221 baht) per barrel. Russian oil supply disruption and demand recovery from Covid-19 dragged the crude oil price to almost $120 at the end of May, after the US and European central banks sent…

The Street

Gasoline Prices Fall to $3.99, Reaching March Lows

The average price of gasoline in the U.S. fell for the 55th consecutive day as crude oil prices remain in the $90 region.

Benzinga

Robinhood, Procter & Gamble And 3 Other Big Stocks Insiders Are Selling

U.S. crude oil futures traded mostly lower this morning on Tuesday. Investors, meanwhile, focused on some notable insider trades.

The Street

Crude-Oil Pricing Outlook Remains Murky

Predicting the direction of oil prices in the second half is challenging due to geopolitical tension and unclear consumer demand.

Miami Herald

More than 100 injured and 17 firefighters missing as oil tank fire rages in Cuba

A blazing fire in a crude oil tank in the port of Matanzas in Cuba caused several explosions Saturday morning that have left at least 121 people injured, local authorities said.

Miami Herald

Dozens are injured and 17 firefighters are missing as crude oil tank fire rages in Cuba

A blazing fire in a crude oil tank in the port of Matanzas in Cuba caused several explosions Saturday morning that have left at least 77 people injured, local authorities said.

The Independent UK

Lightning sets off fire at Cuban oil tank farm, dozens hurt

Cuban authorities say lightning struck a crude oil storage tank in the city of Matanzas, causing a fire that led to four explosions which injured nearly 80 people and left 17 firefighters missing

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