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The Latest Breaking News from Oil

Venezuela's Former Oil Minister Arrested In Corruption Probe

Former Venezuelan oil minister arrested for corruption involving millions in oil proceeds and cryptocurrency. Probe targets high-level corruption in state-...

Top News

Western Kentucky man sentenced for 2018 KY/WV oil spill

The owner of a towboat that sank and spilled oil into a river along the West Virginia-Kentucky border has been sentenced.

WEKU

Mexican Pemex Crude Output Reduced After Platform Fire

Exclusive report reveals Pemex's reduced oil output post-platform fire, raising concerns over production levels and global market impact.

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Former Venezuelan Oil Minister Tareck El Aissami Arrested, Faces Treason, Money Laundering Charges

Tareck El Aissami had been away from the public eye for over a year

Latin Times

Venezuela’s ex-oil minister charged with stealing millions from state oil company

Tareck El Aissami latest in purge of politicians, human rights advocates and critics by government of Nicolás Maduro

The Guardian - US

Crude Prices Fall Back With Stock Prices

May WTI crude oil (CLK24 ) on Tuesday closed down -1.20 (-1.39%), and May RBOB gasoline (RBK24 ) closed up +0.70 (+0.25%). Crude and gasoline prices on Tuesday settled mixed. Weakness in equity markets Tuesday undercut confidence in the economic outlook, which was bearish for energy demand and crude prices....

Barchart

Venezuela Arrests Ex-oil Minister El Aissami In Graft Probe

Venezuelan authorities announced the arrest Tuesday of influential ex-oil minister Tareck El Aissami, who had resigned from his post last year amid a corruption scandal at state oil company PDVSA. "We have managed to reveal the direct participation and consequent arrest" of El Aissami, Attorney General Tarek William Saab said,…

International Business Times

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3 Hot Energy Stocks Gaining Altitude in April

Geopolitical tensions, increasing global demand for oil and natural gas, supply limitations, and technological innovations are paving the way for robust growth of the energy sector. Hence, top energy stocks such as DNOW (DNOW), Geospace Technologies (GEOS), and Gulf Island Fabrication (GIFI) might be solid investments for April. Read more.

StockNews.com

3 Energy Stock Buys Surging Past Expectations

Rising oil prices due to escalating geopolitical tensions and supply concerns should bode well for the energy sector. So, I think fundamentally solid energy stocks Energy Transfer (ET), Pembina Pipeline (PBA), and Matrix Service (MTRX) might be ideal buys. Read more.

StockNews.com

Crude Prices Slip Alongside Equity Prices

May WTI crude oil (CLK24 ) this morning is down -0.81 (-0.94%), and May RBOB gasoline (RBK24 ) is down -0.28 (-0.10%). Crude and gasoline prices this morning are moderately lower. The weakness in equity markets today is undercutting confidence in the economic outlook, which is negative for energy demand...

Barchart

Shell’s former chief fuels fears it could quit London for New York

Ben van Beurden says company is undervalued in UK and US investors are ‘more positive’ about fossil fuels

The Guardian - UK

US Gulf Coast Heavy Crude Oil Prices Firm Amid Supply Shortage

Learn about the strengthening US Gulf Coast heavy crude oil prices due to supply constraints and increased demand, impacting stakeholders in the oil industry.

Top News

FTSE 100 Live 9 April: Blue-chips close a little lower as aerospace struggles, £150m private equity takeover

The FTSE 100 is trading slightly higher in a session featuring trading updates by BP and Imperial Brands.

Evening Standard

US Coast Guard Clears Louisiana Spill Response

US Coast Guard successfully responds to Gulf of Mexico oil spill, containing and mitigating environmental impact. Prompt and effective action safeguards ma...

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The Guardian - UK

World’s biggest economies pumping billions into fossil fuels in poor nations

G20 countries spent $142bn in three years to expand operations despite a G7 pledge to stop doing so, study finds

The Street

High oil prices are biggest threat to economy

Moody's Chief Economist says that the surge in oil prices is the most serious threat to the economy.

Barchart

Crude Closes Moderately Lower as Geopolitical Risks Ease

May WTI crude oil (CLK24 ) on Monday closed down -0.48 (-0.55%), and May RBOB gasoline (RBK24 ) closed down -4.00 (-1.42%). Crude and gasoline prices Monday posted moderate losses as geopolitical risks in the Middle East eased slightly after Israel said it would remove some of its troops from...

Barchart

Crude Prices Slip as Geopolitical Risks Ease

May WTI crude oil (CLK24 ) this morning is down -0.91 (-1.05%), and May RBOB gasoline (RBK24 ) is down -3.95 (-1.42%). Crude and gasoline prices this morning are moderately lower as geopolitical risks in the Middle East eased slightly after Israel said it would remove some of its troops...

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StockNews.com

3 A-Rated Energy Stocks Fueling Investor Enthusiasm

Oil prices are surging as supply risks multiply amid escalating geopolitical tensions and robust energy demand, creating tailwinds for the energy sector. So, let’s discuss energy stocks MPLX LP (MPLX), Repsol (REPYY), and Martin Midstream Partners (MMLP), which have been fueling investor enthusiasm lately. These stocks are rated A (Strong…

International Business Times

10 Best Body Washes Of 2024: Elevate Your Shower Experience

Body wash provides a convenient and effective way to cleanse and nourish your skin. By selecting a body wash tailored to your skin type, avoiding harsh ingredients, and considering any specific concerns, you can effectively nourish your skin while promoting a radiant complexion.

StockNews.com

3 Oil Stocks to Watch for Returns in April

The oil industry’s prospects appear bright, owing to increasing oil demand, geopolitical tensions, and supply-cut expectations driving oil prices up. Against this backdrop, quality oil stocks BP p.l.c. (BP), Petróleo Brasileiro S.A. - Petrobras (PBR), and Cheniere Energy Partners, L.P. (CQP) could be watched for returns in April. Read on….

Top News

US Oil Output Limited By Low Natural Gas Prices

Rise in crude oil prices to /barrel limits US oil output due to weak natural gas prices, creating challenges for producers.

Top News

Guyana Gas-To-Power Project Accelerates Oil Output, Boosts Revenue

ExxonMobil's gas-to-power project in Guyana accelerates oil production, boosts revenue, and promotes sustainability in the energy sector.

Evening Standard

FTSE 100 Live 8 April: Index closes up 0.4%, near record high again after strong afternoon, Tesla surges in US

The FTSE 100 is trading slightly higher in a session featuring trading updates by BP and Imperial Brands.

International Business Times

Gold Shines, Bitcoin, Stocks Search For Direction Amid Volatility On Wall Street—What Is Next?

One catalyst behind Wall Street's heighten volatility during the week was higher oil prices, growing Middle East tensions, and more robust economic data from China early in the week.

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