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The Latest Breaking News from crude oil

Ecuador lawmaker says there is 'compelling' graft evidence against President Lasso

Ecuador's opposition has compelling evidence to present against President Guillermo Lasso at his impeachment hearing, a lawmaker said on Thursday, including irregularities in a crude oil shipping contract, accusations Lasso vehemently denied in a televised message.

Reuters

Crude Climbs on Dollar Weakness and Economic Optimism

May WTI crude oil (CLK23 ) this morning is up +1.22 (+1.67%), and May RBOB gasoline (RBJ23 ) is up +0.50 (+0.19%). May Nymex natural gas (NGK23 ) is down -0.070 (-3.21%). Crude oil and gasoline prices this morning are moderately higher. Dollar weakness today is pushing energy prices higher....

Barchart

Economic Concerns Weigh on Crude Prices

May WTI crude oil (CLK23 ) on Wednesday closed down -0.23 (-0.31%), and May RBOB gasoline (RBJ23 ) closed down -4.32 (-1.61%). Crude oil and gasoline prices Wednesday fell back from 2-week highs and posted moderate losses on concern about a slowing economy. Weekly EIA distillate stockpiles unexpectedly declined, which...

Barchart

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Crude Oil Erases Early Gains on Signs of a Slowing U.S. Economy

May WTI crude oil (CLK23 ) this morning is down -0.11 (-0.15%), and May RBOB gasoline (RBJ23 ) is down -4.034 (-1.50%). April Nymex natural gas (NGJ23 ) is down -0.020 (-0.99%). Crude oil and gasoline prices this morning fell back from 2-week highs and turned lower on concerns of...

Barchart

Group: Oil tanker tied to US-traded firm receiving Iran oil

An advocacy group alleges that an oil tanker owned by a major U.S.-traded transportation company appears to be taking on Iranian crude oil in a key Asian maritime strait in violation of American sanctions

The Independent UK

Aramco JV HAPCO Breaks Ground on New Refinery and Petrochemical Complex

A ground-breaking ceremony took place on Wednesday for a major integrated refinery and petrochemical complex being developed by Huajin Aramco Petrochemical Company (HAPCO). The joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%) is developing the complex in the city of Panjin, in China’s Liaoning…

Asharq Al-Awsat

Crude Prices Close Higher as Iraq Dispute Curbs Crude Exports

May WTI crude oil (CLK23 ) on Tuesday closed up +0.39 (+0.54%), and May RBOB gasoline (RBJ23 ) closed up +2.54 (+0.96%). Crude oil and gasoline prices Tuesday extended Monday's sharp rally to 2-week highs. Dollar weakness Tuesday was supportive of energy prices. Also, a legal dispute between Iraq, Kurdistan,...

Barchart

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Crude Oil Gains as Iraq Dispute Curbs Crude Exports

May WTI crude oil (CLK23 ) this morning is up +0.71 (+0.98%), and May RBOB gasoline (RBJ23 ) is up +2.60 (+0.98%). April Nymex natural gas (NGJ23 ) is down -0.006 (-0.29%). Crude oil and gasoline prices this morning extended Monday's sharp rally to 2-week highs. Dollar weakness today is...

Barchart

Crude Oil Surges as Bank Turmoil Eases

May WTI crude oil (CLK23 ) on Monday closed up +3.55 (+5.13%), and May RBOB gasoline (RBJ23 ) closed up +10.03 (+3.93%). Crude oil and gasoline prices Monday rallied sharply, with crude posting a 1-1/2 week high and gasoline posting a 2-week high. A weaker dollar (DXY00 ) Monday was...

Barchart

Crude Gains Sees Support from Easing Bank Turmoil

May WTI crude oil (CLK23 ) this morning is up +1.60 (+2.31%), and May RBOB gasoline (RBJ23 ) is up +3.88 (+1.52%). April Nymex natural gas (NGJ23 ) is down -0.115 (-5.19%). Crude oil and gasoline prices this morning are moderately higher. A weaker dollar this morning is bullish for...

Barchart

Crude Closes Moderately Lower on Economic Concerns

May WTI crude oil (CLK23 ) on Friday closed down -0.70 (-1.00%), and May RBOB gasoline (RBJ23 ) closed down -1.23 (-0.48%). Crude oil and gasoline prices Friday closed moderately lower due to ongoing concerns that the banking turmoil could push the global economy into a recession, undercutting energy demand....

Barchart

Economic Concerns Undercut Crude Prices

May WTI crude oil (CLK23 ) this morning is down -1.58 (-2.26%), and May RBOB gasoline (RBJ23 ) is down -3.32 (-1.29%). April Nymex natural gas (NGJ23 ) is up +0.046 (+2.14%). Crude oil and gasoline prices this morning are sharply lower due to ongoing concerns that the banking turmoil...

Barchart

Crude Erases Early Gains as U.S. Delays Refilling SPR

May WTI crude oil (CLK23 ) on Thursday closed down -0.94 (-1.33%), and May RBOB gasoline (RBJ23 ) closed up +1.27 (+0.49%). Crude oil and gasoline prices Thursday fell back from 1-week highs and settled mixed. A recovery in the dollar Thursday sparked long liquidation in crude futures after the...

Barchart

Crude Prices Firm as the Dollar Falls

May WTI crude oil (CLK23 ) this morning is up +0.62 (+0.87%), and May RBOB gasoline (RBJ23 ) is up +4.90 (+1.91%). April Nymex natural gas (NGJ23 ) is up +0.030 (+1.38%). Crude oil and gasoline prices this morning rose to 1-week highs and are moderately higher. Dollar weakness is...

Barchart

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Bangkok Post

Diesel to dip to 33.5 baht a litre next week

Motorists will see another dip in diesel prices to around 33.5 baht a litre next week, down from 33.94 baht, partly attributed to falling global crude oil prices, says the Oil Fuel Fund Office (Offo).

Bangkok Post

Diesel to dip to 33.50 baht a litre next week

Motorists will see another dip in diesel prices to around 33.50 baht a litre next week, down from 33.94 baht, partly attributed to falling global crude oil prices, says the Oil Fuel Fund Office (Offo).

StockNews.com

3 Momentum Stocks to Buy More of in March

While the interest-rate hikes by the Fed have weighed heavily on market sentiments and fortunes of three banks so far, stocks such as Overseas Shipholding Group (OSG), Adams Resources & Energy (AE), and MV Oil Trust (MVO) have shown solid momentum lately and are well-positioned to maintain the same. So,…

The Independent UK

Lawmakers fear spill on Keystone system in southern Kansas

State lawmakers worry that southern Kansas is vulnerable to oil spills from the Keystone pipeline system because earthquakes have become more frequent there

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Asharq Al-Awsat

Saudi Aramco Reports ‘Record’ $161 Billion Profit for 2022

Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, its highest annual profits as a listed company. In a statement announcing 2022 results, Aramco said the achievements were "underpinned by stronger crude oil prices, higher volumes sold and improved margins for refined products, while the…

The New Daily

Oil giant Saudi Aramco announces $US161 billion profit

Saudi Aramco has announced it earned a $US161 billion ($245 billion) profit last year, with higher crude oil prices propelling profits.

StockNews.com

3 Momentum Stocks to Buy for Big Gains

Fed’s hawkish stance to tame stubbornly high inflation and the recessionary concerns have weighed heavily on investors’ sentiments. Despite such market uncertainties, quality momentum stocks Jabil (JBL), Overseas Shipholding Group (OSG), and Adams Resources & Energy (AE) look poised to deliver big gains in 2023. So, these stocks could be…

Reuters

Nigeria oil pipeline blast kills at least one in Niger Delta

A crude oil pipeline explosion killed at least one person and injured another on Friday, authorities on the scene said, while members of the affected community in Emohua said they feared many more had died in the blast.

Asharq Al-Awsat

Mystery Shrouds Fate of UN Plan for Unloading FSO Safer

Mystery shrouds the fate of FSO Safer, an aging oil tanker moored off the west coast of Yemen, after a UN plan to transfer around 1.1 million barrels of crude oil onboard the derelict vessel to a new tanker faltered due to a lack of funding. The FSO Safer, owned…

Al Jazeera

How China and India’s appetite for oil and gas kept Russia afloat

Russia’s economy has been able to weather Western-led sanctions in large part due to strong energy exports.

Asharq Al-Awsat

Saudi Oil Exports Rose to 7.4 Mln Bpd in December

Decisions by OPEC+ are not politicized and are based on market fundamentals, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Monday, adding that the alliance of oil producers is sufficiently flexible to adjust policy as needed. Meanwhile, Saudi Arabia’s crude oil exports in December 2022 rose by 157,000…

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