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The Latest Breaking News from Oil

In the Permian Basin, AI takes on big oil’s dirty water problem

Facing limited options, oil industry turns to AI to handle wastewater from oil production. Producers discovered other uses to streamline the process.

The Texas Tribune

US stocks slip after oil prices rise and Nvidia's latest profit report gets a yawn

The U.S. stock market is slipping following a rebound for oil prices and mixed reports on the U.S. economy

AAP

OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources say

Seven key OPEC+ oil nations are poised to increase July output by approximately 188,000 barrels per day. This decision comes as the group meets on June 7. Despite ongoing disruptions from the Iran war, OPEC+ has been raising its monthly targets since April. The United Arab Emirates' recent departure from…

The Economic Times

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AAP Rolling News Bulletin May 22, 0200

AAP Rolling News Bulletin for May 22 at 0200

AAP

Iran War Pushes Europe Toward Stagflation as Prices Rise And Growth Remains Subdued

The conflict in the Middle East is worsening Europe's energy shock, hitting businesses, consumers, and policymakers at the same time, according to a new report.

International Business Times

Venugopal Dhoot moves SC against order upholding separate insolvency for Videocon Industries Ltd and VOVL

Videocon founder Venugopal Dhoot has approached the Supreme Court. He is challenging a recent appellate tribunal order. This order allows separate insolvency proceedings for Videocon Industries and Videocon Oil Ventures. Previously, a tribunal had directed clubbing of these cases. The appellate tribunal cited distinct business sectors. This makes a single…

The Economic Times

Crude Oil Prices Jump on Doubts the Strait of Hormuz Will Reopen

July WTI crude oil (CLN26 ) today is up +3.14 (+3.20%), and July RBOB gasoline (RBN26 ) is up +0.0321 (+0.95%). Crude oil and gasoline prices are moving sharply higher today as the standoff between the US and Iran is fueling concerns that a prolonged closure of the Strait of...

Barchart

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Stocks Indexes Turn Green in Afternoon Trade as Oil Prices Retreat

The S&P 500 Index ($SPX ) (SPY ) is up +0.15%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.14%. Equity markets are pushing higher this afternoon, tracking a sharp midday reversal in energy markets...

Barchart

AAP Rolling News Bulletin May 22, 0130

AAP Rolling News Bulletin for May 22 at 0130

AAP

There is only one way Labour can win the North Sea oil and gas debate

ANALYSIS: Proponents of keeping North Sea oil and gas in the ground are repeatedly focusing on energy security and economic arguments. But it is only by making the climate argument that they will actually win the debate, explains Nick Ferris

The Independent UK

US stocks drift after oil prices rise and Nvidia's latest profit report gets a yawn

The U.S. stock market is drifting following a rebound for oil prices and mixed reports on the U.S. economy

AAP

AAP Rolling News Bulletin May 22, 0100

AAP Rolling News Bulletin for May 22 at 0100

AAP

Dollar Gains as Crude Rallies and Stocks Fall

The dollar index (DXY00 ) rallied to a 6-week high today and is up by +0.31%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz are boosting safe-haven demand for the dollar today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in...

Barchart

US stocks slip after oil prices rise and Nvidia gets a yawn to its latest blowout profit report

The U.S. stock market is slipping following a rebound for oil prices and mixed reports on the U.S. economy

AAP

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AAP

AAP Rolling News Bulletin May 22, 0030

AAP Rolling News Bulletin for May 22 at 0030

The Economic Times

Oil crisis: World is set to run out of fuel in July? Here's what International ⁠Energy Agency is saying

Brent oil futures were trading around $108 per barrel on Thursday, off their wartime highs of $126 per barrel, but still significantly above the $70 per barrel they were trading at before the Iran war began.

Barchart

Stocks Fall on Doubts Over a US-Iran Peace Deal

The S&P 500 Index ($SPX ) (SPY ) today is down -0.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.49%. June E-mini S&P futures (ESM26 ) are down -0.40%, and June E-mini Nasdaq futures...

Grocery Coupon Guide

8 Pantry Staples Expected to Face Shortages in the Next 30 Days

Keeping a well-stocked pantry is the best defense against the unpredictable nature of the modern retail market. Unfortunately, economists are warning that several common household ingredients will become very difficult to find over the next month. A combination of severe weather events, transportation delays, and international export bans is squeezing…

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news in one place.

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Evening Standard

Reeves targets oil and gas profits with plans to close tax loophole

The Chancellor hopes reforms to taxation of overseas activities will bring in ‘hundreds of millions of pounds’.

AAP

US stocks resume their slide after higher oil prices crank up the bond market's pressure

The U.S. stock market is slipping after oil prices rebounded and cranked up the pressure from the bond market

The Independent UK

US jobless claims drop but inflation fears grow as oil prices surge and Fed eyes rates

IN FULL

AAP

AAP Rolling News Bulletin May 22, 0000

AAP Rolling News Bulletin for May 22 at 0000

The Economic Times

US stocks today: US stocks slips as oil jumps on renewed Mideast concerns

Wall Street slipped as oil prices jumped after Iran signaled a tougher nuclear stance, raising fears of prolonged supply disruption. Rising Treasury yields and weak corporate cues, including Walmart’s outlook, added pressure, offsetting strong economic data.

AAP

US stocks slip in early trading as oil prices turn upward again

U.S. stocks are slipping after oil prices rebounded and cranked up the pressure from the bond market

The Independent UK

Jobs stall and prices surge amid Trump’s Iran-fueled economic turmoil

The Labor Department reported Thursday that new claims for jobless aid for the week ending May 16 fell by 3,000 to 209,000

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