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The Latest Breaking News from Oil

Has Crude Oil Put in an Early Seasonal Low?

Due to consumer demand, crude oil can be a cyclical market. Cold weather brings on heating demand. Warmer weather brings on gasoline demand. Geopolitical factors often significantly impact oil prices that may or may not coincide with a seasonal pattern. Currently, it seems crude oil is experiencing all three of…

Barchart

Crude Posts Moderate Losses on OPEC Rift and Weak U.S. Economic News

February WTI crude oil (CLG24 ) on Thursday closed down -0.33 (-0.44%), and Feb RBOB gasoline (RBG24 ) closed down -4.05 (-1.83%). Crude oil and gasoline prices on Thursday closed moderately lower. Crude prices were weighed down by negative carryover from Wednesday when the EIA reported an unexpected increase in...

Barchart

Quick, Easy Updos You Can Achieve in Minutes

Short on time, but never on style.

Marie Claire

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Exxon Mobil (XOM) vs. Delek US Holdings (DK): Analyzing Energy Stocks for 2024 Gains

Positive forecasts from commodity analysts, supply disruption concerns, and expectations of oil prices due to OPEC+ actions converge to a potential upward shift in oil prices. With this in mind, which of the energy stocks, Exxon Mobil (XOM) and Delek US Holdings (DK), could yield better returns in 2024? Let's…

StockNews.com

Angola to leave OPEC over disagreement on oil production quotas

Oil minister says country ‘gains nothing’ from remaining in the group after disagreements emerge over production cuts.

Al Jazeera

Crude Edges Lower on OPEC Rift and Weak U.S. Economic News

February WTI crude oil (CLG24 ) this morning is down -0.66 (-0.89%), and Feb RBOB gasoline (RBG24 ) is down -4.33 (-1.96%). Crude oil and gasoline prices this morning are moderately lower. Crude prices today are weighed down by negative carryover from Wednesday when the EIA reported an unexpected increase...

Barchart

Angola Departure A Blow For OPEC+ As Cartel Tensions Rise

Angola's departure from OPEC exposes the tensions with the oil cartel as it seeks to cut output to maintain prices just as the United States ramps up production.

International Business Times

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60 Indigenous nations oppose pipeline

The 70 year-old pipeline, which just won a key permit, poses “an unacceptable risk of an oil spill"

Salon

Angola is leaving OPEC oil cartel after 16 years after dispute over production cuts

Angola says it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year

The Independent UK

CPCL to pay ₹7.5 crore compensation for oil spill in Ennore

The Tamil Nadu government has fixed a total of ₹8.68 crore as relief fund for families and boats that were affected by the oil spill from industries, in Ennore during Cyclone Michaung.

The Hindu

Angola's Shocking Departure: Bidding Farewell to OPEC

Angola takes an audacious step towards energy independence as it announces its departure from OPEC, signaling a bold new era for the African nation.

Top News

Oil companies losing optimism, Dallas Fed survey reveals downturn

Oil companies in the USA are feeling less optimistic, according to a survey conducted by the Dallas Fed. Find out why their outlook is faltering.

The Hindu

Ennore Creek emergency oil spill recovery work completed

Oil recovery & mitigation work in Ennore Creek area completed; 900 people, including local fishermen, involved in cleaning oil ingress in mangroves.

Barchart

This High-Yield Energy Stock Has 33% Upside Potential

This oil and gas stock offers a double-digit percentage yield, and Wall Street expects significant upside from the shares over the next year. Here's a closer look at this top-rated MLP, and what analysts are anticipating in 2024.

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