The Latest Breaking News from Oil

Big Oil is beating Big Tech in 2024. The Energy Select Sector SPDR Fund (XLE) was up more than 13% in the first quarter of 2024, while the Nasdaq-100 Index gained just 8.7%. Add to that breakout performance the massive amounts of payouts that the large oil companies are making…

Faced with mounting losses and consignment delays due to new European Union-G7 sanctions, Indian diamond exporters are calling for a separate screening process to be set up in India, so that the newly mandated procedures for exports to Western countries can be processed smoothly.

The escalating geopolitical worries, tightened oil supplies, and increased oil consumption have bolstered the energy market. Given this backdrop, quality energy stocks Ultrapar Participações S.A. (UGP), Precision Drilling Corporation (PDS), and Adams Resources & Energy (AE) could be wise portfolio additions for potential gains this month. Read on….

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

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

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

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

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

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....