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The Latest Breaking News from crude oil

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.

Benzinga

Insiders Selling General Mills, Designer Brands And This Energy Stock

US crude oil futures traded higher by 2% on Tuesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

US Stock Futures Rise Ahead Of Economic Reports, Fed Speakers; Crude Oil Rises 1%

Pre-open movers U.S. stock futures traded higher in early pre-market trade on Tuesday after recording losses on Monday. The Dow Jones fell into a bear market on Monday, while the S&P 500 recorded a fresh closing low level for the year.

Benzinga

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read the most diverse news in one place.

Nigeria is producing less and less oil. Here's why

Nigeria’s oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organisation of the Petroleum Exporting Countries in early September showed that Angola and Libya have overtaken Nigeria as Africa’s highest crude…

The Conversation

Judge approves $230M settlement in California oil spill case

A judge has approved a $230 million lawsuit settlement by the owners of a pipeline that spilled more than 140,000 gallons of crude oil into the ocean off California in 2015

The Independent UK

Crude oil prices fall amid recession concerns

PTT reveals Q3 oil analysis

Bangkok Post

The Best Momentum Stock to Buy Before September Ends

Shares of crude oil exploration company Marathon Oil (MRO) have garnered significant investor attention and gained more than 124% over the past year. In addition, the company’s solid financials and profitability make it well-positioned to deliver handsome gains in the near term. Therefore, it could be wise to invest in…

StockNews.com

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S&P 500 Rises 0.5%; Crude Oil Falls Sharply

U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 100 points on Wednesday.

Benzinga

Prima Marine earmarks B4.37bn to buy new vessels

SET-listed Prima Marine, an operator of marine transport and storage of crude oil and petroleum products, plans to allocate 4.37 billion baht to purchase new marine vessels this year to grow its business.

Bangkok Post

Windfall profit tax on domestic crude oil cut

NEW DELHI: The government on Friday cut the windfall profit tax on locally produced crude oil in line with a fall in international rates, and reduced the levy on export of diesel and jet fuel (ATF).

The Times of India

Data | Will Iran make a comeback as India’s major crude oil import partner?

With international crude oil prices soaring, local consumption of petroleum products back to pre-pandemic levels and the U.S. calling for sanctions against Russia, Iran may make a comeback as a major oil partner for India

The Hindu

India’s procurement of Russian crude oil not under govt-to-govt framework: Foreign secretary

India’s procurement of discounted crude oil from Russia has seen a significant jump in the last few months notwithstanding an increasing disquiet over it by the Western countries

The Hindu

The Crude Oil Bull And Bear Case With Inflation Data, Russian Supply Front Of Mind

Financial instruments move in streaks — daily and weekly ones that lead to monthly ones. The price of the front-month contract for crude oil futures doubled from December 2021 to May 2022, ending November at $53.29 and ending May at $109.01.

Benzinga

Nasdaq Surges 100 Points; Crude Oil Rises 2%

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 100 points on Wednesday.

Benzinga

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news in one place.

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Benzinga

Alphabet And 3 Other Stocks Insiders Are Selling

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

Benzinga

Marriott And 3 Other Stocks Insiders Are Selling

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

The Hindu

Explained | What is windfall tax and why are countries imposing it on the energy sector right now?

Big energy companies clocked huge profits in the first half of this year, making record windfall gains which governments have tried to rein in

StockNews.com

3 Oil Stocks That Are Better Buys Than Occidental Petroleum

Russia is threatening to cut energy supplies to Europe, which could keep oil prices elevated this year. While rising oil prices should help the energy industry thrive, Occidental Petroleum (OXY) is not well-positioned to capitalize on the industry tailwinds. However, one could benefit from the industry’s solid prospects by investing…

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Al Jazeera

Niger Delta oil spills bring poverty, low crop yields to farmers

Industry insiders say six decades of oil exploration have made the Niger Delta one of the most polluted places on earth.

The New Daily

Bank of Canada gives hope of better times, as oil continues to tumble

Central banks around the world are rising rates, but offering hope that the end is in sight, while crude oil hits a seven-month low.

Evening Standard

How to invest in oil

Soaring energy prices have dominated the headlines over the last year. In the oil sector, the wholesale price of Brent crude oil (a key oil industry measure), is almost five times higher now than in April 2022, and motorists have faced record petrol prices at the pumps.

Dynamite News

From 2 per cent to 13 per cent, Nirmala Sitharaman explains India's Russian crude oil import

The share of Russian oil in India's overall oil import basket increased from 2 per cent to 13 per cent in a couple of months after the beginning of the Russia-Ukraine war, which led to a spike in energy prices globally, Union Finance Minister Nirmala Sitharaman said on Thursday. Read…

Evening Standard

G7 agree price cap on Russian oil to stop Putin’s ‘ability to fund war of aggression’

The cap is expected to be introduced in December for crude oil and for petroleum products in February

The Times of India

Reliance Industries shares fall 3%; ONGC, Vedanta too decline

NEW DELHI: Shares of Reliance Industries fell nearly 3 per cent on Thursday after the government raised the tax on export of diesel and jet fuel (ATF) and hiked the windfall profit levy on domestically-produced crude oil.

The Hindu

Data | Why petrol prices in India have remained unchanged despite falling crude oil costs

Retail petrol prices have remained unchanged at the pump while the crude prices (Indian basket) have reduced by around $20/barrel

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