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The Latest Breaking News from crude oil

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…

Asharq Al-Awsat

$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

The Independent UK

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,…

The Conversation

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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…

Benzinga

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…

Asharq Al-Awsat

Robinhood And 3 Other Stocks Insiders Are Selling

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

Benzinga

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…

Asharq Al-Awsat

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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.

Benzinga

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…

Benzinga

3 Stocks Under $5 Insiders Are Aggressively Buying

US crude oil futures traded lower 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 investment or trading…

Benzinga

U.N. seeks $144 million to offload decaying Yemen oil tanker

The United Nations will launch a $144 million appeal on Wednesday for an operation to offload a million barrels of crude oil from a tanker stranded off the coast of war-torn Yemen for years which threatens a major environmental disaster.

Reuters

Three things that can go wrong at an illegal oil refinery in Nigeria

Years of government neglect and unemployment in Nigeria’s Niger Delta region have given rise to a widespread industry of illegally refining stolen oil.

The Conversation

Executives Buy Around $5M 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…

Benzinga

Ukraine latest updates: UN rights body to hold session on Ukraine

Over 50 member states back Kyiv’s request for meeting, which will address alleged Russian rights violations in Ukraine.

Al Jazeera

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Benzinga

2 Stocks Under $3 Insiders Are Aggressively Buying

Asharq Al-Awsat

Oil Rises as Supply Concerns Persist

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply. Brent futures rose $1.75, or 1.58%, to $112.65 per barrel by 1159 GMT, while US West Texas Intermediate (WTI)…

Reuters

Hungary cannot support new EU sanctions against Russia in present form -PM Orban

Hungary cannot support the European Union's new sanctions package, which includes an embargo on oil imports, in its present form, Prime Minister Viktor Orban said on Friday.

The Hindu

Watch the gap: On widening trade deficit

The widening trade deficit puts more pressure on the rupee and aids growth-retarding inflation.

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Reuters

Orban says new EU sanctions against Russia would harm Hungary more -report

The European Union's new sanctions package against Russia, including an embargo on crude oil imports, would cause more harm to Hungary than Russia, Prime Minister Viktor Orban said, news website index.hu reported on Thursday.

The Conversation

Phasing out oil can offer a better life for many

The EU could ban crude oil imports from Russia within six months if a new round of sanctions is approved. Excluding a handful of countries, refined Russian oil products like petrol and diesel could cease to flow into the EU by the end of 2022.

Benzinga

Executives Buy Over $373M Of 4 Stocks

Although crude oil futures traded higher on Thursday, there were a few notable insider trades.

The Hindu

Inevitable increase: On RBI’s interest rate hike

The RBI’s increase in interest rates was long overdue

Benzinga

Mid-Afternoon Market Update: Crude Oil Jumps 5%; Fed Boosts Interest Rates By 0.5%

U.S. stocks traded mixed toward the end of trading, after the Federal Reserve announced its policy decision.

Benzinga

Executives Buy Around $85M Of 4 Stocks

Although crude oil futures traded higher on Wednesday, there were a few notable insider trades.

Al Jazeera

EU chief proposes Russian oil ban in new round of sanctions

The proposal, if accepted by EU members, seeks to stop crude oil imports in six months, refined products by end of 2022.

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