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The Latest Breaking News from Oil

US To Reimpose Oil Sanctions On Venezuela

The United States said Wednesday it will snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its repression of opponents.

International Business Times

U.S. reimposes sanctions on Venezuelan oil sector citing electoral commitment failures

Authorities said the Maduro government has "fallen short" on moving toward free and fair elections

Latin Times

US To Reimpose Oil Sanctions On Venezuela: Officials

The United States is to snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its "repression" of opponents, US officials said Wednesday.

International Business Times

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Crude Prices Retreat on Ample US Crude Supplies

May WTI crude oil (CLK24 ) on Wednesday closed down -2.67 (-3.13%), and May RBOB gasoline (RBK24 ) closed down -9.36 (-3.32%). Crude and gasoline prices Wednesday sold off sharply, with crude falling to a 3-week low and gasoline dropping to a 2-week low. Crude prices tumbled after Wednesday's weekly...

Barchart

Venezuela scrambles to give assets it seized from ConocoPhilips to a local company

Venezuelan firm A&B Investments is set to partner with state-run PDVSA to run fields in the Orinoco Belt before U.S. sanctions go back in place

Latin Times

The Epic Texas Panhandle Fire Is Just a Preview

Texas officials go to bat for oil and gas while the climate-fueled Smokehouse Creek Fire still rages.

Texas Observer

Crude Prices Drop after EIA Crude Inventories Jump to a 10-Month High

May WTI crude oil (CLK24 ) this morning is down -0.88 (-1.03%), and May RBOB gasoline (RBK24 ) is down -4.99 (-1.77%). Crude and gasoline prices this morning are moderately lower, with crude falling to a 2-week low. Crude prices moved lower after weekly EIA crude inventories rose more than...

Barchart

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Schlumberger (SLB) Earnings Loom - Is It Time to Invest?

Schlumberger (SLB), the world’s biggest oilfield services company, will publish its first-quarter earnings on April 19. The company is expected to report revenue and earnings growth over the prior-year quarter. Therefore, is it time to invest in the stock ahead of its earnings? Read on to learn my view.

StockNews.com

Grooved keys may be the solution to your oily finger smudges on your MacBook Pro - at least, Apple thinks so

Apple is looking for a solution to oily fingerprints and screen smudges.

TechRadar

Oil Prices Surge Impacting Global Markets

Learn about the recent surge in oil prices and its global market implications due to geopolitical tensions and post-pandemic demand.

Top News

How Iran has managed to evade sanctions on its oil exports

As the US government and its allies mull new sanctions on Iran after Tehran's missile and drone attack on Israel, we look at whether existing sanctions have been effective at stemming the flow of Iranian oil to global markets. Also in this edition, we see how global oil markets are…

France 24

Iraq’s dangerous balancing act between Iran and the US

Iraqi PM al-Sudani’s visit to Washington came as its neighbour Iran attacked Israel, raising fears of regional conflict.

Al Jazeera

US Sanctions Impacting Sovcomflot's Trade, Says Russian Tanker CEO

US sanctions impact Sovcomflot's global oil shipping operations, posing challenges in navigating evolving geopolitical landscape.

Top News

Oil Prices Drop Due To Demand Worries Despite Middle East Tensions

Learn about the recent dip in global oil prices due to demand concerns and Middle East supply fears amidst geopolitical tensions and economic uncertainties.

Top News

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Barchart

Crude Prices End Slightly Lower on Dollar Strength

May WTI crude oil (CLK24 ) on Tuesday closed down -0.05 (-0.06%), and May RBOB gasoline (RBK24 ) closed up +3.84 (+1.38%). Crude and gasoline prices on Tuesday settled mixed. Tuesday's rally in the dollar index (DXY00 ) to a 5-1/2 month high weighed on energy prices. However, losses in...

The Guardian - UK

Middle East conflict risks sharp rise in oil prices, says IMF

In the UK, anxiety over the crisis after Iran’s missile strike on Israel drives down UK shares

Salon

Fine dining's food waste crisis

Eighty-five percent of seafood consumed in the United States comes from international waters

Barchart

Where are Energy Prices Heading in Q2?

The composite of traditional energy prices rose 5.12% in Q1 after falling 21.85% in 2023. Crude oil and gasoline posted double-digit percentage gains, while natural gas fell nearly 30%. In early Q2, prices were mostly higher.

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Barchart

Crude Prices Firm on Israel-Iran Tensions

May WTI crude oil (CLK24 ) this morning is up +0.12 (+0.14%), and May RBOB gasoline (RBK24 ) is up +1.82 (+0.65%). Crude and gasoline prices this morning are moderately higher. Crude prices have support on Middle Eastern geopolitical risks as the markets await any response from Israel to Iran's...

Top News

Rainforest Nations Seek Fair Compensation For Carbon-Neutral Efforts

Learn how rainforest nations like Suriname, Guyana, and the DRC are crucial in climate change mitigation through forest preservation and potential carbon o...

PC Gamer

Bethesda's official SPECIAL scores for the Fallout show characters has me asking serious questions about the rizz of Walton Ghoulggins

That's one charming rotten killer.

International Business Times

The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF's "relatively good" outlook for the world economy, its chief economist told AFP. "We are projecting a global economy that is quite resilient for 2024," Pierre-Olivier Gourinchas said in an interview ahead of…

USA Today Sports Media Group

2024 NFL Draft: Updated Steelers pre-draft visit tracker

Here is our updated list of all the prospects for the 2024 NFL draft the Pittsburgh Steelers have brought in for a pre-draft visit including those local prospects who don't count toward the top 30.

WEKU

Biden has to decide soon whether to sanction Venezuela. Here's what to know

Venezuelan President Nicolás Maduro's government faces a deadline this week — to commit to holding free and fair elections or face renewed U.S. oil sanctions.

Top News

Global Markets React To Strong U.S. Retail Sales Report

Global stock markets faced downturn due to high US consumer spending, impacting interest rates and bond yields.

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