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The Latest Breaking News from crude oil

Jubeir: Saudi Arabia Does Not Politicize Oil

Minister of State for Foreign Affairs Adel al-Jubeir has said Saudi Arabia does not politicize oil and the shortage is not related to the fundamentals of crude oil supply and demand. "Oil is not a weapon," al-Jubeir told Fox News. "It's not a fighter plane. It's not a tank. You…

Asharq Al-Awsat

Nasdaq Tumbles 200 Points; Crude Oil Rises Over 1%

U.S. stocks extended losses midway through trading, with the Nasdaq Composite dropping more than 200 points on Wednesday.

Benzinga

Rockets, Feathers, and Rising Gasoline Prices

Saudi Arabia snubs Biden by advocating OPEC cut oil production by 2 million barrels per day.

Reason

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Alphabet, Electronic Arts And This Technology Stock Insiders Are Selling

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

Benzinga

Uganda police detain nine people for oil pipeline protest

Uganda police detained nine people protesting against a planned crude oil pipeline on Tuesday, in an escalating crackdown on critics of the project opposed by environmentalists, activists and European Union lawmakers.

Reuters

Why Bitcoin Mining Is Terrible For The Environment

Bitcoin mining is more damaging than beef production and almost as environmentally unsustainable as crude oil, according to new research. The digital currency is causing more damage to the climate over time, scientists at the University of New Mexico warn.

Zenger

Ghana’s petroleum sector management is a mess: what’s gone wrong?

After three decades of prospecting Ghana discovered commercially viable quantities of petroleum in 2007. Within 3.5 years, it exported its first barrels of crude oil. The progression from discovery to extraction and export was twice as rapid as the global average of six to seven years.

The Conversation

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Govt cuts windfall taxes on diesel, aviation fuel and local oil

NEW DELHI: India slashed windfall taxes on locally produced crude oil, and for exported diesel and aviation turbine fuel, in line with the decline in international prices.

The Times of India

Why is Russia sending oil and gas workers to fight in Ukraine? It may signal more energy cutoffs ahead

Russia’s effort to conscript 300,000 reservists to counter Ukraine’s military advances in Kharkiv has drawn a lot of attention from military and political analysts. But there’s also a potential energy angle.

The Conversation

If You Invested $1,000 In Exxon Mobil Stock At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the last two years. But there is no question some big-name stocks performed better than others since the pandemic bottom.

Benzinga

Peru indigenous groups block river in the Amazon after oil spill

Peruvian indigenous groups were blocking a large river in the country's Amazon region on Wednesday in protest over a crude oil spill of an estimated 2,500 barrels in the world's largest rainforest, the government said.

Reuters

Dow Jumps 300 Points; Crude Oil Rises Sharply

U.S. stocks traded higher this morning, with the Dow Jones gaining around 300 points on Wednesday.

Benzinga

Insiders Selling General Mills, Designer Brands And This Energy Stock

US crude oil futures traded higher by 2% on Tuesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

US Stock Futures Rise Ahead Of Economic Reports, Fed Speakers; Crude Oil Rises 1%

Pre-open movers U.S. stock futures traded higher in early pre-market trade on Tuesday after recording losses on Monday. The Dow Jones fell into a bear market on Monday, while the S&P 500 recorded a fresh closing low level for the year.

Benzinga

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The Conversation

Nigeria is producing less and less oil. Here's why

Nigeria’s oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organisation of the Petroleum Exporting Countries in early September showed that Angola and Libya have overtaken Nigeria as Africa’s highest crude…

The Independent UK

Judge approves $230M settlement in California oil spill case

A judge has approved a $230 million lawsuit settlement by the owners of a pipeline that spilled more than 140,000 gallons of crude oil into the ocean off California in 2015

Bangkok Post

Crude oil prices fall amid recession concerns

PTT reveals Q3 oil analysis

StockNews.com

The Best Momentum Stock to Buy Before September Ends

Shares of crude oil exploration company Marathon Oil (MRO) have garnered significant investor attention and gained more than 124% over the past year. In addition, the company’s solid financials and profitability make it well-positioned to deliver handsome gains in the near term. Therefore, it could be wise to invest in…

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Benzinga

S&P 500 Rises 0.5%; Crude Oil Falls Sharply

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

Bangkok Post

Prima Marine earmarks B4.37bn to buy new vessels

SET-listed Prima Marine, an operator of marine transport and storage of crude oil and petroleum products, plans to allocate 4.37 billion baht to purchase new marine vessels this year to grow its business.

The Times of India

Windfall profit tax on domestic crude oil cut

NEW DELHI: The government on Friday cut the windfall profit tax on locally produced crude oil in line with a fall in international rates, and reduced the levy on export of diesel and jet fuel (ATF).

The Hindu

Data | Will Iran make a comeback as India’s major crude oil import partner?

With international crude oil prices soaring, local consumption of petroleum products back to pre-pandemic levels and the U.S. calling for sanctions against Russia, Iran may make a comeback as a major oil partner for India

The Hindu

India’s procurement of Russian crude oil not under govt-to-govt framework: Foreign secretary

India’s procurement of discounted crude oil from Russia has seen a significant jump in the last few months notwithstanding an increasing disquiet over it by the Western countries

Benzinga

The Crude Oil Bull And Bear Case With Inflation Data, Russian Supply Front Of Mind

Financial instruments move in streaks — daily and weekly ones that lead to monthly ones. The price of the front-month contract for crude oil futures doubled from December 2021 to May 2022, ending November at $53.29 and ending May at $109.01.

Benzinga

Nasdaq Surges 100 Points; Crude Oil Rises 2%

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 100 points on Wednesday.

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