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The Latest Breaking News from Oil

Biden Administration Restricts Oil Leasing In Alaskan Petroleum Reserve

Biden administration restricts oil and gas leasing in Alaska to protect wildlife and combat climate change, facing opposition from Republican lawmakers.

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'Bitcoin halving' is coming. So what is it all about?

As the clock ticks down towards the next "bitcoin halving" – an event coded into the cryptocurrency's algorithm to slow down the introduction of new coins into circulation – we take a deep dive into the history of bitcoin and the blockchain technology powering it. Plus, Venezuela's President Nicolas Maduro…

France 24

Pound drops as Bank of England deputy governor sees lower inflation ahead – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Mideast Tensions Rattle European Markets

Global markets are on edge as Middle East tensions impact stocks, oil prices, and investor sentiment. Stay informed to navigate market fluctuations.

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Oil Prices Spike 3% Following Israeli Strikes On Iran

Israeli strikes on Iran caused a 3% surge in global oil prices, raising concerns about supply disruptions and geopolitical stability.

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Oil Prices Rise As Israeli Missiles Reportedly Hit Iran

Israeli missile strikes on Iran lead to global market fluctuations, affecting oil prices and Japan's yen. Stay informed for potential asset price fluctuations.

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Oil Surges, Equities Sink As Iran Blasts Fan MidEast Escalation Fears

Oil prices rallied and equities sank Friday as reports said explosions had been heard in Iran and Syria, fuelling fears of an escalation of the Middle East crisis after last weekend's missile attack on Israel by Tehran.

International Business Times

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Oil Prices Surge 4% Amid Reports Of Explosions In Iran

Oil prices surged by nearly 4% due to Iran explosions, impacting US stock futures.

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Woodside revenue dives as fossil fuel prices dip

Australia's largest oil and gas producer Woodside has suffered a heavy loss in revenue as a result of a fall in fossil fuel production and prices.

AAP

Oil Prices Slip as Investors Eye Israel's Response to Iran Strike

Oil prices experienced a slight decrease after reaching a six-month record. Investors have shrugged off fears of a wider Middle East war disrupting supplies.

International Business Times UK

3 Energy Dividend Stocks Leading the S&P 500 Higher

These three energy dividend stocks have outperformed the S&P 500 on a year-to-date basis, and rank among the index's top 20 performers of 2024 so far.

Barchart

Biden Administration Finalizes Rule Promoting Conservation On Public Lands

Learn about the Biden administration's new rule for public land management, prioritizing conservation alongside extractive industries and facing opposition.

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Crude Recovers Early Losses on Lingering Geopolitical Risks

May WTI crude oil (CLK24 ) on Thursday closed up +0.04 (+0.05%), and May RBOB gasoline (RBK24 ) closed down -1.50 (-0.55%). Crude and gasoline prices on Thursday settled mixed, with crude rebounding from a 3-week low and gasoline falling to a 2-week low. A stronger dollar Thursday weighed on...

Barchart

Are OXY and XOM Ready to Fuel Up Investors' Returns in 2024?

Geopolitical tensions and a potential disruption in supply are boosting the energy sector’s prospects. However, a slowdown in the global economy and a delay in interest rate cuts pose demand concerns for the sector. Let's analyze the investment prospects of Occidental Petroleum (OXY) and Exxon Mobil (XOM).

StockNews.com

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Barchart

Grain Markets: Will Soybean, Corn, and Wheat Prices Rebound Anytime Soon?

I joined Michelle Rook on Agweb's Markets Now earlier today to discuss the soybean, corn, and wheat markets. We also chatted about the U.S. dollar, oil, the stock market, and cattle prices.

Barchart

Ample US Oil Supplies Weigh on Crude Prices

May WTI crude oil (CLK24 ) this morning is down -0.51 (-0.62%), and May RBOB gasoline (RBK24 ) is down -2.36 (-0.86%). Crude and gasoline prices this morning extended Wednesday's losses, with crude sliding to a 3-week low and gasoline falling to a 2-week low. A stronger dollar today is...

Louder

"The song is about the push and pull of mismatched love and the lengths you’d go to make it work": PVRIS drops vibrant new track Oil & Water

PVRIS goes pop with the peppy new track, Oil & Water

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Brazil Faces Indigenous Resistance To Amazon Oil Drilling Plans

Indigenous opposition to oil drilling in the Amazon raises concerns about environmental impact and Indigenous rights in Brazil.

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Tech Earnings Awaited As Oil And Dollar Steady

Global markets stabilize as oil prices and the US dollar find balance. Tech earnings reports are awaited for market direction.

The Guardian - UK

‘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

International Business Times

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.

Al Jazeera

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.

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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.

The Guardian - UK

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

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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.

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