The Latest Breaking News from Oil

Greenland on high alert after Trump-aligned oil company brings unapproved drilling equipment

IN FULL

The Independent UK · Aug 10

Tensions in the Arctic: Greenland issues sharp rebuke to Trump-linked oil company

Greenland’s government issued a “strong warning” last week after a new Texas oil company linked to US President Donald Trump moved equipment intended for exploratory drilling ashore without the required approval. Nuuk’s authorities must now walk a tightrope between stabilising relations with the US and resisting Trump’s territorial ambitions.

France 24 · Aug 10

US defends dollar as yen weakness threatens global currency order

The US treasury has stepped in to bolster the Japanese yen and several other currencies, signaling a potential decline of the dollar and hints of global economic turbulence. Historical patterns illustrate a downturn in imperial economic dominance. For India, navigating the complexities of changing global alliances and economic dependencies poses…

The Economic Times · Aug 10

When Should You Actually Buy an Electric Scooter? Here's the Smart Answer

Electric scooters are everywhere in India. People use them for their everyday chores and places. They help to save money on petrol. Buying an electric scooter also requires a good amount of money. If you are also planning this year to buy a new electric scooty why not wait for…

MyLifeXP · Aug 10

Crude Prices Soar as Middle East Tensions Curb Global Oil Supplies

September WTI crude oil (CLU26 ) is up +2.76 (+3.53%) on Friday, and September RBOB gasoline (RBU26 ) is up +0.1203 (+4.03%). Crude oil and gasoline prices are sharply higher today, with gasoline climbing to a 1-week high. The lack of an agreement between Iran and Oman to reopen the...

Barchart · Aug 10

Ethanol, EVs must coexist in India's clean mobility transition; E20 mileage impact limited: IFGE

IFGE said India needs a diversified energy strategy comprising ethanol, electric vehicles, hybrids, CNG and hydrogen, particularly as nearly 300 million internal combustion engine (ICE) vehicles remain on the country's roads.

The Economic Times · Aug 10

Stocks Mixed as Higher Crude Prices Boost T-Note Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +0.05%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. September E-mini S&P futures (ESU26 ) are up +0.03%, and September E-mini Nasdaq futures...

Barchart · Aug 10

Ukraine drone strike on oil refinery deep inside Russia kills at least 13

Attack hundreds of miles from border would be among deadliest of war as Kyiv aims to strangle Russian economy

The Guardian - UK · Aug 10

OPEC oil output rises further in July led by Gulf producers, Reuters survey shows

In July, OPEC made a remarkable recovery by increasing oil production to 19.85 million barrels per day. Gulf nations resumed supplies that were previously disrupted, while Iraq reported significant production gains. Iran also managed to increase its exports, though a U.S. blockade eventually hampered shipments. Meanwhile, Libya continued to pump…

The Economic Times · Aug 10

Dollar Climbs with Crude Prices and T-Note Yields

The dollar index (DXY00 ) is up by +0.22% today. The dollar is climbing today amid higher T-note yields, which are strengthening the dollar’s interest rate differentials. Also, today’s more than +2% increase in WTI crude oil prices is raising inflation expectations and may persuade the Fed to tighten monetary...

Barchart · Aug 10