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The Latest Breaking News from crude oil

Italy Imports More Russian Oil despite Impending Embargo

Even as the European Union decided to reduce Russian crude oil imports by 90% by the end of the year, Italy has become the only country in Europe to increase them, an unintended consequence of EU sanctions against Russia. Meant to punish Russia for invading Ukraine, the EU oil embargo…

Asharq Al-Awsat

Italy imports more Russian oil despite impending embargo

Italy imports more Russian oil despite impending embargo

Italy has become the only country in Europe to increase Russian crude oil imports in an unintended consequence of European Union sanctions against Russia

The Independent UK

EU Agrees Gradual Russian Oil Embargo, Gives Hungary Exemptions

EU Agrees Gradual Russian Oil Embargo, Gives Hungary Exemptions

European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by the end of the year, but Hungary and two other landlocked Central European states secured exemptions for the pipeline imports they rely on. The ban, agreed overnight after weeks of wrangling, aims…

Asharq Al-Awsat

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UK credit card borrowing soars by most since 2005 as mortgage approvals slide – as it happened

Number of UK mortgages approved hit two-year low in April, as consumers spend more on credit as inflation rises

The Guardian - UK

Odisha: Oil spills into Paradip farmlands as pipeline bursts

KENDRAPADA: A major disaster was averted at the port town of Paradip in Odisha's Jagatsinghpur district on Thursday after the Indian Oil's Paradip-Haldia pipeline burst near the refinery there. It took the Indian Oil Corporation Limited (IOCL) more than four hours to repair the damaged pipeline. No loss of life…

The Times of India

WTI and Brent crude oil break out of swing zone

In case you forgot, crude oil prices are still at astronomical prices. As of writing, WTI futures are trading at $114 per barrel, while Brent crude futures are trading at $117 per barrel.

Meta And 3 Other Stocks Insiders Are Selling

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

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5 Stocks Under $2 Insiders Are Aggressively Buying

5 Stocks Under $2 Insiders Are Aggressively Buying

US crude oil futures traded higher this morning on Wednesday. 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…

India's crude oil production falls 1% in April

India's crude oil production falls 1% in April

NEW DELHI: India's crude oil production fell 1 per cent in April after lower output from fields operated by the private sector wiped away gains by state-owned firms such as ONGC, official data showed Tuesday.

The Times of India

Europe is determined to cut fossil fuel ties with Russia, even though getting Hungary on board won't be easy

Europe is determined to cut fossil fuel ties with Russia, even though getting Hungary on board won't be easy

Russia’s invasion of Ukraine has forced Europe to rethink its energy policy – especially its deep dependence on Russia for about one-third of its fossil fuel imports. The European Union is negotiating among its members over a plan to ban imports of Russian oil, although questions remain about issues such…

The Conversation

Executives Sell More Than $260M Of 3 Stocks

Executives Sell More Than $260M Of 3 Stocks

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

UAE's ADNOC Announces Three New Oil Discoveries

UAE's ADNOC Announces Three New Oil Discoveries

Abu Dhabi National Oil Company (ADNOC) announced Thursday three oil discoveries including one at Bu Hasa, Abu Dhabi’s biggest onshore field, with a crude oil production capacity of 650,000 barrels per day (bpd).

Asharq Al-Awsat

PepsiCo And 3 Other Stocks Insiders Are Selling

PepsiCo And 3 Other Stocks Insiders Are Selling

US crude oil futures traded lower, dropping around 1% on Thursday. Investors, meanwhile, focused on some notable insider trades.

Mid-Afternoon Market Update: Nasdaq Down Over 500 Points; Crude Oil Falls 2.5%

Mid-Afternoon Market Update: Nasdaq Down Over 500 Points; Crude Oil Falls 2.5%

U.S. stocks extended losses toward the end of trading, with the Nasdaq Composite dipping more than 500 points on Wednesday.

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Zoom Video And 2 Other Stocks Insiders Are Selling

US crude oil futures traded higher, gaining around 1.5% on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Moderna And 3 Other Stocks Insiders Are Selling

US crude oil futures traded lower, dropping around 0.5% on Monday. Investors, meanwhile, focused on some notable insider trades.

Asharq Al-Awsat

Nigerian Entrepreneur Builds Electric Mini-Buses in Clean Energy Push

Nigerian entrepreneur Mustapha Gajibo has been converting petrol mini-buses into electric vehicles at his workshop, but he is now going a step further to build solar battery-powered buses from scratch in a push to promote clean energy and curb pollution. Africa's top producer and exporter of crude oil has heavily-subsidized…

The Independent UK

$230M settlement reached over 2015 California oil spill

The owner of an oil pipeline that spewed thousands of barrels of crude oil onto Southern California beaches in 2015 has agreed to pay $230 million to settle a class-action lawsuit brought by fishermen and property owners

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The Conversation

Kenya's fuel crisis: how the country's subsidy system works

Oil is an essential commodity for Kenya’s transport and industrial production, electricity generation and water provision. In 2008, as the world grappled with high oil prices, Kenya introduced price controls to cushion the blow for its citizens. The controls worked for over 10 years. But, since the start of April,…

3 Stocks Under $3 Insiders Are Aggressively Buying

US crude oil futures traded higher on Friday. 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…

Asharq Al-Awsat

Saudi Aramco, Thailand’s PTT Sign MoU to Deepen Energy Cooperation

Saudi Aramco and Thailand’s PTT have signed a memorandum of understanding (MoU) to deepen energy cooperation in Thailand. The MoU targets the supply and trading of crude oil, petrochemicals, and liquified natural gas (LNG). It focuses on clean energy, carbon capture, and electric vehicles, and outlined potential collaboration across both…

Robinhood And 3 Other Stocks Insiders Are Selling

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

Asharq Al-Awsat

UN Says $144 Million Needed to Avert Yemen Tanker Disaster

The United Nations was seeking $144 million on Wednesday needed to fund the salvage operation of a decaying tanker full of oil moored off the coast of Yemen, a ship whose demise could cause an environmental disaster. The amount includes $80 million to transfer the more than 1 million barrels…

Mid-Day Market Update: Crude Oil Surges 6%; Kornit Digital Shares Plummet

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

3 Stocks Under $2 Insiders Are Buying

US crude oil futures traded higher on Wednesday. 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…

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