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The Latest Breaking News from Oil

Crude Settles Higher on Geopolitical Risks and a Drop in EIA Crude Inventories

Sep WTI crude oil (CLU24 ) on Wednesday closed up +2.03 (+2.77%), and Sep RBOB gasoline (RBU24 ) closed up +3.11 (+1.34%). Crude oil and gasoline prices posted moderate gains Wednesday. Crude oil prices rose Wednesday on concern that an expected retaliatory attack by Iran against Israel could spark an...

Barchart

Market Turmoil: Dow Falls 234 Points Amid Treasury Auction Woes, Sluggish Recovery

The Cboe Volatility Index (VIX), often referred to as Wall Street's fear gauge, climbed to 27.96, indicating increased expectations of market volatility.

International Business Times

Crude Oil Rallies on Geopolitical Risks and a Decline in Weekly EIA Crude Supplies

Sep WTI crude oil (CLU24 ) today is up +2.54 (+3.47%), and Sep RBOB gasoline (RBU24 ) is up +4.94 (+2.12%). Crude oil and gasoline prices today are sharply higher. Today's rally in global equity markets has boosted confidence in the economic outlook, supporting energy demand and crude prices. Crude...

Barchart

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Despite the Risks, Pennsylvania Races Into the Carbon Capture Era

Activists say pumping carbon into the ground is risky; supporters say it's a vital tool for a green future.

Capital & Main

Full steam ahead: Alice Zaslavsky’s chicken drumsticks with spring onion oil and cucumber salad

The cookbook author riffs on Chinese white-cut chicken for a recipe that harnesses the power of steam – plus soup, salad and sizzled spring onions

The Guardian - AU

A Legal Fight over Legacy Oil Industry Pollution Heats Up in West Texas

A “first of its kind” lawsuit contends that oil companies including Chevron failed to properly plug and decommission wells on private property, challenging common assumptions about plugged wells.

Texas Observer

Oil Prices Plummet Due To Recession Fears And Demand Concerns

Learn about recent oil market developments, including price declines, demand concerns, and geopolitical risks impacting future trends.

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Ranchers reported abandoned oil wells spewing wastewater. A new study blames fracking.

An SMU study is the first scientific proof of a phenomenon local landowners have long warned was occurring.

The Texas Tribune

'Welcome Home Chevron! Texas Is Your True Home': Oil Giant Joins Hundreds Of Companies In Abandoning California

Many companies, such as Tesla and Chevron, are relocating from California to Texas due to lower taxes, affordable living, and a business-friendly environment.

International Business Times UK

Curry, salad and stir-fry: Ravinder Bhogal’s recipes for cooking with aubergine

Aubergines happily absorb any flavour thrown at them: savour them stir-fried with tofu, cashew nuts and Thai basil; crushed and topped with a sharp, spicy dressing; or in a curry with a peanut crust

The Guardian - UK

Stocks Rebound As Market Sentiment Improves

Stocks rebounded on Tuesday with gains in major indices, but concerns over US economic recession remain. Oil prices also saw a rally.

Top News

Crude Prices Recover as Asset Markets Rebound from Monday's Rout

Sep WTI crude oil (CLU24 ) Tuesday closed up +0.26 (+0.36%), and Sep RBOB gasoline (RBU24 ) closed down -0.74 (-0.32%). Crude oil and gasoline prices Tuesday settled mixed. Tuesday's rebound in US equity markets sparked risk-on sentiment that boosted most asset markets. Also, reduced oil supplies from Libya are...

Barchart

Oil Prices Rise Slightly Amid Economic Concerns And Weak Demand

Oil prices rise slightly amid concerns of US recession and weak demand, overshadowing Middle East tensions.

Top News

Crude Prices Rebound with a Recovery in Asset Markets

Sep WTI crude oil (CLU24 ) today is up +0.23 (+0.32%), and Sep RBOB gasoline (RBU24 ) is up +0.60 (+0.26%). Crude oil and gasoline prices today are mildly higher. Today's rebound in US equity markets sparked risk-on sentiment that boosted most asset markets. Also, reduced oil supplies from Libya...

Barchart

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The Guardian - UK

Oilfield slowdown exposes political volatility in Libya and beyond

Apparent shutdown attempt shows potential for some leaders to use such threats to enforce personal agenda

Top News

Aramco Reports .3 Billion Profits Amid Global Economic Concerns

Aramco's .3B profit, optimistic about future demand, plans dividends, and holds strong market value in the oil industry.

The Guardian - UK

Saudi Aramco to pay record dividends despite dip in profits

World’s biggest oil company will pay shareholders, including Saudi state, quarterly dividend of $31bn

Capital & Main

Oklahoma’s Oil Industry Touts a Voluntary Fund to Clean Up Oil Wells. Major Drillers Want Their Contributions Refunded.

Oklahoma’s oil industry pays into a voluntary fund to clean up oil wells, but many drillers opt out. The money that has been refunded to these companies in recent years could have restored an estimated 1,500 orphan well sites.

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Tom’s Guide

I finally bought my first air fryer — 5 ways it’s changed how I cook

I was reluctant to invest in an air fryer, but within a short time it’s been a real gamer-changer in the kitchen. Here are 5 reasons why I’d recommend buying an air fryer.

International Business Times

Saudi Aramco Q2 Profit Dips 3% As Output Stays Low

Saudi oil giant Aramco on Tuesday reported net income of $29.07 billion in the second quarter, a slight drop from the same period last year as output remained subdued.

The Independent UK

Saudi Arabia's Aramco reports lower half-year profits as economic worries dampen energy prices

Saudi oil giant Aramco has reported half-year profits of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy

Inverse

60 Cheap Things With Over 4.5 Stars on Amazon That Are Clever As Hell

If you don’t spend your free time wandering the aisles of specialty stores, here's a list of 60 cheap things with over 4.5 stars on Amazon that are clever as hell.

Barchart

Crude Oil Post Moderate Losses on Reduced Demand for Risk Assets

Sep WTI crude oil (CLU24 ) on Monday closed down -0.58 (-0.79%), and Sep RBOB gasoline (RBU24 ) closed up +1.60 (+0.69%). Crude oil and gasoline prices Monday were under pressure, as crude posted a 6-month nearest-futures low and gasoline posted a 5-month low. Monday's slump in global equity markets...

StockNews.com

3 High-Upside Energy Stocks Based on Analyst Price Targets

With robust demand and supply expectations, geopolitical instability and extended OPEC+ production cuts have positioned the oil and gas market for strong growth. Hence, quality energy stocks Marathon Oil (MRO), Cenovus Energy (CVE), and Energy Transfer (ET) with solid upside could be ideal investment choices. Read more.

Top News

Oil Prices Fall On US Recession And Weak Chinese Demand

Oil prices drop on US recession fears and China demand worries. Concerns over Israel-Hamas conflict escalation also weigh on market.

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