The Latest Breaking News from Oil

UAE oil company executives working with Cop28 team, leak reveals

Exclusive: two PR professionals from national oil firm listed as providing ‘support’ to team running UN climate summit

The Guardian - UK · Sep 22, 2023

Exxon Is Gushing Huge Amounts of Free Cash Flow - XOM Stock Could Rise Further

Exxon will gain from the 30% spike in oil prices in Q3. That means its free cash flow is likely going to be significantly higher than Q2. XOM stock rise could lead to profitable short-put plays.

Barchart · Sep 22, 2023

Putin’s war machine risks running out of fuel, so Russia is banning the export of gasoline and diesel

The Russian leader has attempted to shield the worst effects of the war from his countrymen, but prices for the fuels have been reaching record levels domestically.

Fortune · Sep 22, 2023

Crude Gives Up Early Gains as Stocks Tumble

November WTI crude oil (CLX23 ) on Thursday closed down -0.03 (-0.03%), and Nov RBOB gasoline (RBX23 ) closed down -0.26 (-0.10%). Nov WTI crude oil and gasoline prices on Thursday whipsawed throughout the day and finally settled with modest losses. An early rally in the dollar index (DXY00 )...

Barchart · Sep 21, 2023

Mohammed bin Salman to keep oil prices high to spur growth—'I’m trying to get Saudi Arabia back on the right track'

The pragmatic crown prince wants to lure manufacturing to the country and more star athletes like Cristiano Ronaldo to the football league.

Fortune · Sep 21, 2023

Crude Gains After Russia Bans Gasoline and Diesel Exports

November WTI crude oil (CLX23 ) this morning is up +0.83 (+0.93%), and Nov RBOB gasoline (RBX23 ) is up +1.96 (+0.76%). Nov WTI crude oil and gasoline prices this morning shook off early losses and are moderately higher after Russia banned gasoline and diesel exports, further tightening global fuel...

Barchart · Sep 21, 2023

3 Must-Watch Energy Growth Stocks

Production cuts are aimed at preventing oversupply in the global oil market are expected to boost oil prices potentially. Moreover, the energy services industry is thriving thanks to robust demand. Hence, fundamentally sound energy stocks Schlumberger (SLB), Oceaneering International (OII), and Archrock (AROC) might be suitable additions to one’s watchlist.

StockNews.com · Sep 21, 2023

Sensex, Nifty decline for third consecutive session

NEW DELHI: Both Indian indices - sensex and Nifty - continued their decline for the third consecutive session on Thursday, primarily driven by fears of a more hawkish stance of the US Federal Reserve.

The Times of India · Sep 21, 2023

India to clock GDP growth of 6.5 pc in FY24 despite high crude oil prices: NITI Aayog member Arvind Virmani

India's GDP growth projected at 6.5% for FY24, despite high crude oil prices & increased uncertainty due to climate change. Gross household savings ratio consistently up, net household savings down due to consumer debt. Inflationary impact of oil prices, but govt has managed food inflation well.

The Hindu · Sep 21, 2023

Courgette season is nearly over – here’s three ways to make the most of them

Courgettes are the perfect vehicle for transitioning your cooking from summer into autumn. Hannah Twiggs shares three of her favourite ways to cook the versatile yet budget-friendly staple

The Independent UK · Sep 21, 2023