The Latest Breaking News from Oil

3 Energy ETFs Built for Oil’s New $100-Plus Reality

Oil supply disruptions from the Iran conflict have driven crude prices above $100, fueling gains of 45% to 69% YTD in energy ETFs XOP, IEO, and CRAK.

MarketBeat · Sep 24

Straitcraft: How geography gives Iran leverage and could do the same for India

Since the onset of the US-Iran war over 200 days ago, Iran has been strategically utilizing maritime chokepoints such as Hormuz. This has resulted in a marked decline in oil flows, affecting the global economy and forcing the US to reconsider its stance. Concurrently, India is exploring ways to capitalize…

The Times of India · Sep 24

An English artist paid £2,090 for a painting listed only as ‘in the style of’ Helen McNicoll

David Taylor made an astonishing find at a UK auction when he acquired an oil painting incorrectly attributed to Helen McNicoll for just £2,090. After expert examination, it was confirmed to be McNicoll's masterpiece, The Bean Harvest, appraised at £300,000. Canadian collector Pierre Lassonde later purchased the artwork for £174,000,…

The Times of India · Sep 24

Germany has finalised an $8 billion deal with India for next-generation submarines: Jasper Weick

Germany has finalised an $8 billion deal with India for the construction of next-generation submarines. German ambassador Jasper Wieck stated that the agreement is ready for signing at India's convenience. He emphasised the importance of cooperation between India and Germany in the current global uncertainty. Weick also talked about Germany…

The Economic Times · Sep 24

Is APA Corporation Stock Outperforming the Dow?

APA Corporation has outpaced the broader Dow Jones Industrial Average over the past year, although analysts remain moderately optimistic about its prospects.

Barchart · Sep 24

Kevin Warsh might have to get a lot less popular on Capitol Hill as bond yields soar and rate expectations turn hawkish

"The direction of crude oil prices still bears on what happens to inflation globally and the decisions taken by central banks in response."

Fortune · Sep 24

Brent Oil Could Skyrocket Past $150 If Wars Continue. Bank of America Warns Supply Crunch Could Last Into 2027.

Bank of America raised its oil price outlook as constrained shipments through key Middle Eastern waterways, refinery outages, and reduced exports from Russia and other major producers tighten markets.

International Business Times · Sep 24

Backlash as Indian oil heir made professor of sustainability by Newcastle University

Role for Anant Ambani, son of India’s richest person, who also runs a controversial mega-zoo, met with incredulity

The Guardian - UK · Sep 24

Global Market: Eurozone bond selloff eases as yields remain near multi-year highs

Eurozone government bond yields remain near multi-year highs as resilient economic activity and elevated oil prices fuel expectations of further ECB tightening, with French borrowing costs facing additional pressure.

The Economic Times · Sep 24

Rupee declines to one-week low as oil rally fans global rate hike worries

The Indian rupee has fallen to its lowest point in a week, fueled by escalating oil prices and inflation worries. Although dollar sales by government banks helped mitigate the decline against the dollar, emerging market currencies are facing intense pressure. Similarly, U.S. Treasury yields have hit multi-year peaks, contributing to…

The Economic Times · Sep 24