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The Latest Breaking News from Oil

Iranian Oil Minister Meets Maduro in Caracas

Iran's oil minister has paid an official visit to ally Venezuela to meet President Nicolas Maduro and discuss ways to "overcome" the effects of US sanctions against both nations, officials said.

Asharq Al-Awsat

Asian shares mixed in light 'Golden Week' trading

Asian shares are mixed in light “Golden Week" trading with markets in China, Japan and some other countries closed for holidays

The Independent UK

Borrell says EU aims to pass new Russia sanctions at next Foreign Affairs Council meeting

The European Union hopes to pass the sixth round of sanctions against Russia at the next meeting of the EU Foreign Affairs Council, the bloc's chief diplomat said on Monday.

Reuters

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10 States Where Gas Costs The Most

The effects of the Russia-Ukraine war are still sending ripples globally, even with crude oil prices falling $19 off the early March highs of $123 per barrel.

Benzinga

ASX loses ground as RBA makes first interest rate rise in 11 years to curb inflation; Aussie dollar surges

The ASX loses ground as the Reserve Bank raises interest rates to curb surging inflation, while US stocks end higher after a volatile trading session, and billionaire Mike Cannon-Brookes becomes the biggest investor in AGL to block its plan to split its business.

ABC News

Chris Watts tried to 'blame mistress' for murdering his pregnant wife and two daughters

The evil dad killed pregnant Shan'ann, 34, and their daughters, Bella, four, and three-year-old Celeste in Frederick, Colorado, in 2018 before hiding their bodies in oil tanks.

Daily Record

Eamon Ryan confident that new turf laws will be introduced this year

Draft legislation would see a ban on the commercial sale of turf in communities with over 500 people

Irish Mirror

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3 Red-Hot Momentum Stocks to Buy in May

The benchmark indices closed the last month in the red. The market was weighed down by the raging inflation and fear of the Fed’s policy changes. Amid this, fundamentally strong stocks Enerplus (ERF), Athabasca Oil (ATHOF), and Transportadora de Gas (TGS), have gained significant momentum despite the market turbulence.

StockNews.com

What's Going On With Baytex Energy Shares Today

RBC Capital analyst Greg Pardy raised the price target for Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) to C$7 from C$6 while maintaining the Sector Perform rating on the shares. Pardy notes Baytex is off to a nice start in 2022 amid ongoing debt reduction and impressive drilling results in its emerging Clearwater oil play. The analyst…

Benzinga

EU faces crunch point over Russia’s gas payment demands

As deadline loom, Brussels commissioner says handing over roubles would breach sanctions

The Guardian - UK

Germany Drops Opposition to Russian Oil Ban, Ministers Say

Two senior ministers in Chancellor Olaf Scholz's government on Monday said Germany would be ready to back an immediate European Union ban on Russian oil imports, and that Europe's biggest economy could weather shortages and price hikes. The comments by Finance Minister Christian Lindner and Economy Minister Robert Habeck are…

Asharq Al-Awsat

2 Best Stocks Under $2 to Buy This Month

Stocks trading in single digits are often overlooked. This is a mistake, as investors often miss out in getting involved in high-quality stocks with solid growth trajectories. We believe Gran Tierra (GTE) and GEE Group (JOB) are two of these stocks and deserve your attention now.

StockNews.com

How Fed rate hikes could impact stocks, crypto and other investments

The Federal Reserve is set to raise interest rates at its May meeting after it hiked rates for the first time since 2018 in March. The nation’s central bank is expected to lift the benchmark Fed funds rate by 0.5 percent, according to the CME FedWatch Tool.

Tribune News Service

Adani Wilmar Q4 profit down 26% to Rs 234 crore; income up 40% to Rs 15,023 crore

NEW DELHI: Edible oil major Adani Wilmar on Monday reported a 26 per cent decline in consolidated net profit at Rs 234.29 crore for the quarter ended March on higher tax expenses.

The Times of India

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Tribune News Service

Gulf of Mexico oil drilling makes too-little, too-late comeback

A new wave of oil platforms is sweeping into the U.S. Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.

StockNews.com

Will Exxon Mobil Keep Outperforming in 2022?

International oil and gas company Exxon Mobil Corporation’s (XOM) huge profit increases in the first quarter of 2022, driven by lofty crude oil prices and the strength of its growing production portfolio positions, should help it see strong growth in the near term. Given that the oil giant continues to…

Manchester Evening News

Lush turns fan-favourite fragrance into a candle perfect for long candlelit baths

The bath and beauty retailer have also revealed an unlimited delivery pass

StockNews.com

Up More Than 50% YTD, is Cenovus Energy Still a Buy?

Canadian oil and gas producer Cenovus Energy (CVE) is up more than 50% this year on the back of surging energy prices. Wall Street analysts believe the company to grow faster than its industry peers. CVE seems to be an attractive bet. So, read on to learn more about the…

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Newslaundry

Below the radar: How an Indian tycoon’s petrochemicals empire quietly dodged Iran sanctions

Indian tycoon Yogesh Mehta is not shy about his success. In dozens of interviews, YouTube videos, and Twitter posts, he recounts how his hard work and ingenuity made his Dubai-based business, Petrochem, the number one chemical distributor in the Middle East and Africa.

Benzinga

Executives Buy Around $1.6M Of 4 Penny Stocks

US crude oil futures traded lower on Monday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading…

StockNews.com

Camber Energy vs. Tellurian: Which Energy Stock is a Better Buy?

In today's article I will analyze and compare Camber Energy (CEI) and Tellurian (TELL) to determine which oil & gas stock is a better buy.

Radio France Internationale

EU energy ministers 'close' to deal on ridding Europe of Russian gas

Energy ministers from the European Union gathered for crisis talks Monday to discuss the bloc's energy supply, days after Russia cut gas supplies to Bulgaria and Poland for their refusal to pay in roubles.

The Times of India

Sensex slips for 2nd day as hawkish Fed looms; HDFC shines after Q4 show

MUMBAI: Equities remained under pressure for the second session running on Monday as investors stayed on the sidelines ahead of a crucial meeting of the US Federal Reserve this week where it is expected to go for an aggressive rate hike to tame runaway inflation.

Asharq Al-Awsat

Syria Says Crude Oil Supplies to Arrive ‘Soon’ from Friendly Countries

Syria’s Oil Minister Bassam Tohme announced on Sunday a partial breakthrough in the country’s recent gasoline crisis, pointing to the arrival of new crude oil supplies “soon.” Ending the crisis depends on the arrival of oil shipments to Syria, Tohme explained. He said the Syrian government is working to resolve…

Reuters

Analysis-Iran nuclear deal near death, but West not ready to pull plug

Western officials have largely lost hope the Iran nuclear deal can be resurrected, sources familiar with the matter said, forcing them to weigh how to limit Iran's atomic program even as Russia's invasion of Ukraine has divided the big powers.

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