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The Latest Breaking News from crude oil

Govt gives marketing freedom to domestic oil producers

New Delhi The government on June 29 decided to give marketing freedom to domestic crude oil producer

The Hindu

OPEC+ Sticks To Script, While Crude Oil Prices Fall In June

Oil-producing nations met as world leaders focus on how to drum up supply amid inflation and recession fears.

Investors Business Daily

Why the Oil Fuel Fund is overburdened

The Energy Ministry an-nounced that the mounting debt of the state Oil Fuel Fund exceeded 100 billion baht as of yesterday. While a recent nudge from Kla Party leader Korn Chatikavanij, a former finance minister, shed more light on pressing issues surrounding energy and resulting in the government requesting cooperation…

Bangkok Post

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4 Stocks Under $2 Insiders Are Aggressively Buying: NEXGEL, eFFECTOR Therapeutics And More

U.S. crude oil futures traded higher by over 1% on Tuesday. 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…

Benzinga

U.S. Stock Futures Higher Ahead Of Economic Reports, Crude Oil Rises Over 1%

Pre-open movers

Benzinga

Saudi Shura Approves Real Estate Contribution, Energy Supply Regulations

The Saudi Shura Council approved new laws regulating the energy supply system, real estate contributions, and the sale and lease of real estate projects. The energy supply system regulation aims to allocate all types of energy to its consumers in electricity, crude oil refining, petrochemical production, water desalination, industry, mining,…

Asharq Al-Awsat

Gas prices are falling. The reason why is a bummer

Gas and oil prices are heading in the right direction, finally. But the reasons why might be no cause for celebration.

Tribune News Service

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OPEC meeting and Australian retail sales top this week’s must-watch events

Oil cartel OPEC+ meets this week to discuss its production plans. It comes at a critical time for the crude oil market amid growing fears of a recession.

The New Daily

Dow Jones Jumps In Broad Rally; Zendesk Spikes On Buyout, China Stocks Keep Rising

Futures rose, with crude oil and Treasury yields also up. Zendesk soared on a buyout. Li Auto, Alibaba led China stocks higher.

Investors Business Daily

India's consideration for crude oil purchases very well understood, says Foreign Secretary Kwatra

PM Modi will visit the Alpine castle of Schloss Elmau on June 26 and 27 to attend the annual summit of G7 countries.

The Hindu

Target And 2 Other Stocks Insiders Are Selling

US crude oil futures traded lower on Thursday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Prolonged Russia-Ukraine war shakes up global energy stability

The prolonged Russia-Ukraine war started in February and dragging on into the second quarter of 2022, has caused a hike in global crude oil prices to high levels. The average price of ICE Brent crude oil increased from 13.86 USD per barrel in the first quarter of 2022 to 111.63…

Bangkok Post

Kellogg And 2 Other Stocks Insiders Are Selling

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

Benzinga

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

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Investors Business Daily

Dow Jones Rises, Techs Lead As Fed Chief Powell Minimizes Recession Risks

Stocks turned mixed as Fed chief Jerome Powell minimized recession risks before Congress. But crude oil and bond yields tumbled.

Chicago Sun-Times

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.

Asharq Al-Awsat

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.

Bangkok Post

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…

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news in one place.

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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.

StockNews.com

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…

AFP

Sanctioned Russia becomes China's main source of oil

Beijing (AFP) - China ramped up crude oil imports from Russia in May, customs data showed Monday, helping to offset losses from Western nations scaling back Russian energy purchases over the invasion of Ukraine.

The Conversation

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…

Bangkok Post

Explainer: Moving to curb pump prices

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

Investors Business Daily

Stock Market Ending Week With Gains But Energy Stocks Continue To Slide

Crude oil futures have fallen nearly 7% today, to $109 per barrel.

StockNews.com

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 &…

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