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The Latest Breaking News from crude oil

How India is snapping up cheap crude oil as West tightens Russia sanctions

NEW DELHI: Oil refiners in India are buying crude oil at cheaper rates by entering term deals with other countries amid concerns that tighter sanctions from the West on Russia could curb future supplies.

The Times of India

Adobe, Costco And 2 Other Stocks Insiders Are Selling

US crude oil futures traded lower this morning on Thursday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

‘Monstrous’ east African oil project will emit vast amounts of carbon, data shows

Experts say crude oil pipeline from Uganda to Tanzania will produce 25 times host nations’ combined annual emissions

The Guardian - UK

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Dow Jumps Over 300 Points; Crude Oil Rises Sharply

U.S. stocks traded mostly higher midway through trading, with the Dow Jones gaining more than 300 points on Wednesday.

Benzinga

United Airlines, Johnson & Johnson And 2 Other Stocks Insiders Are Selling

US crude oil futures traded lower on Monday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

GOP pans oil reserve sale despite a long and bipartisan history

WASHINGTON — After the Biden administration announced the latest sale of crude oil from the Strategic Petroleum Reserve to put a damper on pump prices earlier this week, Republican lawmakers called the move a stunt to mollify gasoline price-sensitive voters before the election in November.

Tribune News Service

Saudi Energy Minister, Top Chinese Official Stress Importance of Stable Long-Term Crude Supplies

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman and the director of China's National Energy Administration Zhang Jianhua on Friday stressed the importance of stable long-term supplies to crude oil markets, the Saudi state news agency SPA reported. The two agreed to continue cooperation efforts to maintain stability in oil…

Asharq Al-Awsat

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Did releasing oil from the Strategic Petroleum Reserve impact gas prices?

Our nation, in numbers. USAFacts provides a comprehensive, nonpartisan view of the state of our union.

USAFacts

Saudi Crude Oil Exports Hit 2-Year High

Saudi Arabia’s crude oil exports hit a more than two-year high of 7.6 million barrels per day in August, according to data from the Joint Organization Data Initiative. The Kingdom saw a 3% rise from July, recording its highest volume since April 2020. It was also the third month in…

Asharq Al-Awsat

PM Modi expresses concern over high import bill of edible oils, fertilisers; calls for action in mission mode

NEW DELHI: Prime Minister Narendra Modi on Monday expressed concern over India's high import bill for edible oil, fertilisers and crude oil, and said there is a need to work in a mission mode to make the country self-reliant and reduce import dependence.

The Times of India

Oil flow to Germany resumes after Poland fixed pipeline leak

The Polish operator of an oil pipeline running to Germany says it has fixed the damage that caused a leak earlier this week and that the flow of crude oil from Russia has been fully restored

The Independent UK

Poland sees no signs of interference in oil pipeline spill

The Polish operator of an oil pipeline says there are “no signs of any third-party interference” related to a leak in a pipeline that is the main source of crude oil from Russia to Germany

The Independent UK

Nearly eight months into Ukraine war, EU still biggest buyer of Russian crude

NEW DELHI: It's been nearly 8 months since Russia invaded Ukraine, leading to the largest military conflict in Europe since World War II.

The Times of India

Jubeir: Saudi Arabia Does Not Politicize Oil

Minister of State for Foreign Affairs Adel al-Jubeir has said Saudi Arabia does not politicize oil and the shortage is not related to the fundamentals of crude oil supply and demand. "Oil is not a weapon," al-Jubeir told Fox News. "It's not a fighter plane. It's not a tank. You…

Asharq Al-Awsat

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Benzinga

Nasdaq Tumbles 200 Points; Crude Oil Rises Over 1%

U.S. stocks extended losses midway through trading, with the Nasdaq Composite dropping more than 200 points on Wednesday.

Reason

Rockets, Feathers, and Rising Gasoline Prices

Saudi Arabia snubs Biden by advocating OPEC cut oil production by 2 million barrels per day.

Benzinga

Alphabet, Electronic Arts And This Technology Stock Insiders Are Selling

US crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Reuters

Uganda police detain nine people for oil pipeline protest

Uganda police detained nine people protesting against a planned crude oil pipeline on Tuesday, in an escalating crackdown on critics of the project opposed by environmentalists, activists and European Union lawmakers.

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Zenger

Why Bitcoin Mining Is Terrible For The Environment

Bitcoin mining is more damaging than beef production and almost as environmentally unsustainable as crude oil, according to new research. The digital currency is causing more damage to the climate over time, scientists at the University of New Mexico warn.

The Conversation

Ghana’s petroleum sector management is a mess: what’s gone wrong?

After three decades of prospecting Ghana discovered commercially viable quantities of petroleum in 2007. Within 3.5 years, it exported its first barrels of crude oil. The progression from discovery to extraction and export was twice as rapid as the global average of six to seven years.

The Times of India

Govt cuts windfall taxes on diesel, aviation fuel and local oil

NEW DELHI: India slashed windfall taxes on locally produced crude oil, and for exported diesel and aviation turbine fuel, in line with the decline in international prices.

The Conversation

Why is Russia sending oil and gas workers to fight in Ukraine? It may signal more energy cutoffs ahead

Russia’s effort to conscript 300,000 reservists to counter Ukraine’s military advances in Kharkiv has drawn a lot of attention from military and political analysts. But there’s also a potential energy angle.

Benzinga

If You Invested $1,000 In Exxon Mobil Stock At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the last two years. But there is no question some big-name stocks performed better than others since the pandemic bottom.

Reuters

Peru indigenous groups block river in the Amazon after oil spill

Peruvian indigenous groups were blocking a large river in the country's Amazon region on Wednesday in protest over a crude oil spill of an estimated 2,500 barrels in the world's largest rainforest, the government said.

Benzinga

Dow Jumps 300 Points; Crude Oil Rises Sharply

U.S. stocks traded higher this morning, with the Dow Jones gaining around 300 points on Wednesday.

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