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The Latest Breaking News from Oil

‘We can’t hunt or fish’: the villages in Ecuador’s Amazon surrounded by abandoned explosives

In 2002, high explosives were laid in oil wells across 20 sq km of forest. The firm has gone but the pentolite remains, despite a court ruling, putting lives and the ecosystem at risk

The Guardian - UK

Norway's Wealth Fund Posts $107 Bln First Quarter Gain

Norway's sovereign wealth fund, the world's largest, posted a gain of more than $100 billion in the first quarter amid the global stock market recovery, it said Thursday.

International Business Times

US reimposes oil sanctions against Venezuela over election concerns

Move in US election year could push up oil prices, but Washington says Maduro has not made promised electoral reforms.

Al Jazeera

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Oil Stabilizes After Sharp Drop, Easing Middle East Tension Concerns

Oil prices stabilize after drop due to global demand concerns and Middle East tensions easing.

Top News

IMF’s Georgieva says border migration is helping US outperform Europe; UK car insurance prices finally falling – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

US Reimposes Oil Sanctions On Venezuela Amid Election Uncertainty

US reimposes oil sanctions on Venezuela amid doubts about upcoming elections, escalating tensions in the South American country.

Top News

Venezuela's Oil Sector Impacted By Loss Of US License

US revokes Venezuela's oil export license, impacting economy and prompting search for new markets.

Top News

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China Increases Q1 Crude Oil Storage Amid Flatlining Imports

China increases crude oil storage capacity to secure energy reserves amidst global uncertainties.

Top News

‘Russia doesn’t care’: Sweden sounds alarm over unsafe oil fleet

Foreign minister warns of environmental catastrophe in Baltic Sea as he accuses Moscow of using unseaworthy vessels

The Guardian - UK

Stuck on the Road: A Guide to Handling Car Breakdowns While Traveling

Car breakdowns are an unfortunate but common occurrence while traveling. Whether you're on a road trip or simply commuting to work, there's always a chance that your car could break down unexpectedly. It's important to be prepared for such situations to ensure your safety and minimize the inconvenience.

inkl

US To Reimpose Oil Sanctions On Venezuela

The United States said Wednesday it will snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its repression of opponents.

International Business Times

U.S. reimposes sanctions on Venezuelan oil sector citing electoral commitment failures

Authorities said the Maduro government has "fallen short" on moving toward free and fair elections

Latin Times

US To Reimpose Oil Sanctions On Venezuela: Officials

The United States is to snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its "repression" of opponents, US officials said Wednesday.

International Business Times

Crude Prices Retreat on Ample US Crude Supplies

May WTI crude oil (CLK24 ) on Wednesday closed down -2.67 (-3.13%), and May RBOB gasoline (RBK24 ) closed down -9.36 (-3.32%). Crude and gasoline prices Wednesday sold off sharply, with crude falling to a 3-week low and gasoline dropping to a 2-week low. Crude prices tumbled after Wednesday's weekly...

Barchart

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Latin Times

Venezuela scrambles to give assets it seized from ConocoPhilips to a local company

Venezuelan firm A&B Investments is set to partner with state-run PDVSA to run fields in the Orinoco Belt before U.S. sanctions go back in place

Texas Observer

The Epic Texas Panhandle Fire Is Just a Preview

Texas officials go to bat for oil and gas while the climate-fueled Smokehouse Creek Fire still rages.

Barchart

Crude Prices Drop after EIA Crude Inventories Jump to a 10-Month High

May WTI crude oil (CLK24 ) this morning is down -0.88 (-1.03%), and May RBOB gasoline (RBK24 ) is down -4.99 (-1.77%). Crude and gasoline prices this morning are moderately lower, with crude falling to a 2-week low. Crude prices moved lower after weekly EIA crude inventories rose more than...

StockNews.com

Schlumberger (SLB) Earnings Loom - Is It Time to Invest?

Schlumberger (SLB), the world’s biggest oilfield services company, will publish its first-quarter earnings on April 19. The company is expected to report revenue and earnings growth over the prior-year quarter. Therefore, is it time to invest in the stock ahead of its earnings? Read on to learn my view.

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TechRadar

Grooved keys may be the solution to your oily finger smudges on your MacBook Pro - at least, Apple thinks so

Apple is looking for a solution to oily fingerprints and screen smudges.

Top News

Oil Prices Surge Impacting Global Markets

Learn about the recent surge in oil prices and its global market implications due to geopolitical tensions and post-pandemic demand.

France 24

How Iran has managed to evade sanctions on its oil exports

As the US government and its allies mull new sanctions on Iran after Tehran's missile and drone attack on Israel, we look at whether existing sanctions have been effective at stemming the flow of Iranian oil to global markets. Also in this edition, we see how global oil markets are…

Al Jazeera

Iraq’s dangerous balancing act between Iran and the US

Iraqi PM al-Sudani’s visit to Washington came as its neighbour Iran attacked Israel, raising fears of regional conflict.

Top News

US Sanctions Impacting Sovcomflot's Trade, Says Russian Tanker CEO

US sanctions impact Sovcomflot's global oil shipping operations, posing challenges in navigating evolving geopolitical landscape.

Top News

Oil Prices Drop Due To Demand Worries Despite Middle East Tensions

Learn about the recent dip in global oil prices due to demand concerns and Middle East supply fears amidst geopolitical tensions and economic uncertainties.

Barchart

Crude Prices End Slightly Lower on Dollar Strength

May WTI crude oil (CLK24 ) on Tuesday closed down -0.05 (-0.06%), and May RBOB gasoline (RBK24 ) closed up +3.84 (+1.38%). Crude and gasoline prices on Tuesday settled mixed. Tuesday's rally in the dollar index (DXY00 ) to a 5-1/2 month high weighed on energy prices. However, losses in...

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