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The Latest Breaking News from Oil

Breaking Live 8 publishers covering this story in the last 6 hours

Malaysia plans ‘orangutan diplomacy’ in palm oil pitch

Commodities minister says critically endangered animals could be given to countries that buy Malaysia’s palm oil.

Al Jazeera · May 8, 2024

Egypt's Non-Oil Business Shrinks For 41St Consecutive Month

Egypt's non-oil business sector faces challenges with 41 months of contraction, needing reforms and strategic interventions for recovery.

Pakistan bets on a cannabis high as its economy struggles

A new regulator aims to legalise hemp growth, while crushing a black market. But is Pakistan too late to the party?

Al Jazeera · May 8, 2024

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Ukraine Targets Oil Depot In Russian-Held Luhansk

Ukraine's attack on oil depot in Luhansk escalates conflict with strategic implications. Tensions rise in the region as international community monitors fo...

Oil Prices Dip Due To Increased US Stockpiles

Learn about the impact of rising US stockpiles on oil prices and market stability.

Crude Prices Fall Slightly on Dollar Strength

June WTI crude oil (CLM24 ) on Tuesday closed down -0.10 (-0.13%), and June RBOB gasoline (RBM24 ) closed down -4.48 (-1.73%). Crude oil and gasoline prices on Tuesday fell to 8-week lows and settled moderately lower. A stronger dollar (DXY00 ) on Tuesday was bearish for energy prices. Crude...

Barchart · May 7, 2024

BP right to hold steady on climate targets despite below forecast profits

Although chief executive Murray Auchincloss has left himself room to pump more oil and gas, renewables should start generating greater returns

The Guardian - UK · May 7, 2024

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Confusion prevails among LPG consumers about biometric data collection

Confusion arises as state-run oil companies in Chennai require biometric details from over 2.33 crore LPG consumers.

The Hindu · May 7, 2024

‘How Do You Approve an Underground Toxic Waste Dump Without Telling Nobody?’

An oil and gas firm planned to convert a New Mexico water well into a disposal site for toxic wastewater. A familiar face stood in its way.

Capital & Main · May 7, 2024

Crude Prices Slip as Russia Said OPEC+ is Analyzing a Possible Boost in Output

June WTI crude oil (CLM24 ) this morning is down -0.26 (-0.33%), and June RBOB gasoline (RBM24 ) is down -4.37 (-1.69%). Crude oil and gasoline prices this morning dropped to 8-week lows and are moderately lower. Crude prices are under pressure today after Russian Deputy Prime Minister Novak said...

Barchart · May 7, 2024

US Official: Iran's Oil Movement Reliant On Malaysian Providers

US official highlights Malaysia's crucial role in Iran's oil transportation amidst escalating US-Iran tensions and sanctions.

Why is my air fryer smoking and how do I get it to stop? We asked the experts

Is your air fryer smoking? Don't worry, we can help. Get the answers you need to stop it, with the help of our experts

Ideal Home · May 7, 2024

U.S. oil and gas production is booming. So are the industry’s donations to its GOP allies

The biggest recipient of campaign donations from the industry isn’t Donald Trump or President Joe Biden, it’s a Texas House member who represents part of the Permian Basin.

The Texas Tribune · May 7, 2024

BP plans cost cutting alongside multi-billion payday for investors as profits miss forecasts

New CEO at FTSE 100 oil multinational points to $2 billion in ‘cash cost savings’

Evening Standard · May 7, 2024

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The Guardian - UK · May 7, 2024

BP to cut $2bn in costs as profits miss forecasts

Oil company to maintain pace of share buybacks despite impact of falling gas prices

International Business Times · May 7, 2024

Saudi Aramco Says Q1 Profit Down 14.5 Percent

Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in place.

The Guardian - UK · May 7, 2024

LockBit ransomware group’s leader unmasked and hit with sanctions; UK house prices inch higher– business live

Leader of major cybercrime group has been unmasked and sanctioned by the UK, US and Australia, authorities say

The Guardian - UK · May 7, 2024

Extra virgin olive oil prices tipped to top £16 a litre next month

Price rise for mass-market types expected as global production falls to lowest level in more than 10 years

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Oil Prices Rise As Israel Strikes Gaza Amid Truce Talks

Geopolitical tensions in Israel and Gaza drive fluctuations in global oil prices, impacting economies worldwide.

Barchart · May 6, 2024

Crude Settles Higher After Saudi Arabia Hikes Oil Prices

June WTI crude oil (CLM24 ) on Monday closed up +0.37 (+0.47%), and June RBOB gasoline (RBM24 ) closed up +3.31 (+1.30%). Crude oil and gasoline prices on Monday settled moderately higher. Sunday's action by Saudi Arabia to raise crude prices for delivery next month for Asian customers signals confidence...

Real Homes · May 6, 2024

Are air fresheners toxic? Handy home fragrance safety tips from medical experts, plus safe products to try instead

You may be wondering if are air fresheners toxic if you have pets or little ones running around. Our experts delve into what you need to know before buying

Kiplinger · May 6, 2024

The 5 Best Cheap Stocks (Under $10) to Buy Now

When seeking out the best cheap stocks to buy under $10, investors should focus on quality. Here are five we like.

Barchart · May 6, 2024

Crude Climbs After Saudi Arabia Hikes Oil Prices

June WTI crude oil (CLM24) this morning is up +0.52 (+0.67%), and June RBOB gasoline (RBM24) is up +2.38 (+0.93%). Crude oil and gasoline prices this morning are moderately higher. Sunday's action by Saudi Arabia to raise crude prices for delivery next month for Asian customers signals confidence in global...

StockNews.com · May 6, 2024

3 Oil & Gas Stocks Poised for May Breakouts

The oil and gas industry looks poised for solid growth this year, as oil prices are expected to be driven by escalating geopolitical tensions, expectations of tightened supplies, and growing global demand. Given this backdrop, investors could consider buying quality oil and gas stocks such as Cheniere Energy Partners (CQP),…

Ecopetrol Explores Offshore Wind Auction Participation In Colombia

Ecopetrol, Colombia's state oil company, explores offshore wind energy to support sustainability goals.

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