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The Latest Breaking News from crude oil

The Energy Ministry an-nounced that the mounting debt of the state Oil Fuel Fund exceeded 100 billion baht as of yesterday. While a recent nudge from Kla Party leader Korn Chatikavanij, a former finance minister, shed more light on pressing issues surrounding energy and resulting in the government requesting cooperation…

Bangkok Post

4 Stocks Under $2 Insiders Are Aggressively Buying: NEXGEL, eFFECTOR Therapeutics And More

U.S. crude oil futures traded higher by over 1% on Tuesday. 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…

Benzinga

U.S. Stock Futures Higher Ahead Of Economic Reports, Crude Oil Rises Over 1%

Pre-open movers

Benzinga

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Saudi Shura Approves Real Estate Contribution, Energy Supply Regulations

The Saudi Shura Council approved new laws regulating the energy supply system, real estate contributions, and the sale and lease of real estate projects. The energy supply system regulation aims to allocate all types of energy to its consumers in electricity, crude oil refining, petrochemical production, water desalination, industry, mining,…

Asharq Al-Awsat

Gas prices are falling. The reason why is a bummer

Gas and oil prices are heading in the right direction, finally. But the reasons why might be no cause for celebration.

Tribune News Service

OPEC meeting and Australian retail sales top this week’s must-watch events

Oil cartel OPEC+ meets this week to discuss its production plans. It comes at a critical time for the crude oil market amid growing fears of a recession.

The New Daily

India's consideration for crude oil purchases very well understood, says Foreign Secretary Kwatra

PM Modi will visit the Alpine castle of Schloss Elmau on June 26 and 27 to attend the annual summit of G7 countries.

The Hindu

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Target And 2 Other Stocks Insiders Are Selling

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

Benzinga

Prolonged Russia-Ukraine war shakes up global energy stability

The prolonged Russia-Ukraine war started in February and dragging on into the second quarter of 2022, has caused a hike in global crude oil prices to high levels. The average price of ICE Brent crude oil increased from 13.86 USD per barrel in the first quarter of 2022 to 111.63…

Bangkok Post

Kellogg And 2 Other Stocks Insiders Are Selling

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

Benzinga

Oil Stocks Drop As Biden Pushes For Gas Tax Holiday

Oil stocks were on the move Wednesday as crude oil prices pulled back from recent highs and U.S. President Joe Biden said he will push for a suspension of the federal gasoline tax.

Benzinga

How Washington can help lower gas prices and save your summer vacation

President Biden and Congress should embrace all the tools at our disposal to lessen the impact of skyrocketing fuel costs on American families. Our refining capacity should be increased by reopening existing plants.

Chicago Sun-Times

Saudi Crude Oil Exports Rise to Two-Year Peak in April

Saudi Arabia’s April crude exports rose to a two-year peak of 7.382 million barrels per day (bpd) in April from 7.235 million bpd in March, data from the Joint Organizations Data Initiative (JODI) showed on Monday.

Asharq Al-Awsat

PTT’s international trading arm confirms no oil shortage in the Thai market despite the Russia-Ukraine crisis

Thai oil and gas conglomerate PTT Group’s International Trading Business unit confirms no shortage of oil in the Thai market despite the ongoing Russia-Ukraine crisis but urges energy-saving discipline from all sectors. In admitting that volatility in global oil prices is uncontrollable, PTT Group recommends application of tools such as…

Bangkok Post

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Bangkok Post

Refiners deny profit tally

The Petroleum Refining Industry Club, a unit of the Federation of Thai Industries, has insisted the current gross refinery margin (GRM) is reasonable, rebutting an accusation that oil companies are overcharging customers for refined oil.

StockNews.com

Top Oil Analyst Likes These 2 Picks, Which Should You Buy?

The oil stocks have outperformed the broader market in 2022, driven by surging oil prices amid substantial fuel demand and supply chain disruptions exacerbated by geopolitical instability. As the crude oil prices are expected to soar further, Raymond James oil and energy analyst John Freeman recommends investing in Marathon Oil…

The Conversation

What's driving the surge in South Africa's fuel price

Increases in the domestic price of fuel are big news in South Africa, with the price of petrol, diesel and paraffin reaching new highs. The underlying reason for the price increases is movements in the international price of crude oil. The acceleration in the international price of crude oil is…

Bangkok Post

Explainer: Moving to curb pump prices

Lowering the gross refining margin is a top priority for the government.

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The Times of India

Investors poorer by over Rs 18 lakh crore as equities remain under pressure for 6th day

NEW DELHI: Investors' wealth has tumbled by over Rs 18.17 lakh crore during six days of market decline, with sentiments remaining extremely bearish amid rate hikes by global central banks, unrelenting foreign fund outflows and jump in crude oil prices.

StockNews.com

3 ETFs to Buy on Goldman Sachs' Forecast of $140 Oil Prices This Summer

Oil prices have soared due to a confluence of factors that have crimped supply and boosted demand. Goldman Sachs has forecast that Brent crude oil prices will average $140 a barrel this summer. Given this backdrop, we think it could be wise to add energy ETFs iShares U.S. Oil &…

The Hindu

Data | India, China help lift Russia’s post-war crude oil exports

Only 1% of India’s crude oil imports came from Russia in the past five years

The Times of India

EU bought 61% of Russia's fossil fuels in first 100 days of Ukraine war

NEW DELHI: Russia's invasion of Ukraine since late February has pushed up energy prices to record highs and tightened global supplies.

Asharq Al-Awsat

Egypt to Set Up New Area for Crude Oil Storage South of Cairo

Egypt plans to set up new area for crude oil storage in El-Tebbin, south of Cairo, the petroleum ministry said in a statement on Sunday. The project, with an estimated cost of 1.8 billion Egyptian pounds ($96.21 million), aims to receive crude from Ain Sokhna terminal on the red sea…

The Times of India

Indian crude oil basket hits 10-year high; petrol, diesel prices unchanged

NEW DELHI: The basket of crude oil that India buys has hit a decade high of $121 per barrel, but retail selling prices of petrol and diesel continue to remain frozen.

The Hindu

Indian crude oil basket touches 10-year high, petrol price unchanged

The Indian basket of crude oil on June 9 touched $121.28, matching levels seen in February-March 2012

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