The Latest Breaking News from Oil

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

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

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...

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

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...

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

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

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

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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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.