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The Latest Breaking News from crude oil

Data | India’s downturn in domestic crude oil production persists

India depends on imports to meet 85% of its crude oil needs, and its ageing oil wells are a major hiccup in the country’s ambition to reduce import reliance

Oil Price Rises Even as OPEC Boosts Output More than Expected

Oil Price Rises Even as OPEC Boosts Output More than Expected

Oil prices rose Thursday despite an agreement by major crude producers to boost output more than expected, while US stocks rallied ahead of closely-watched employment data seen as a key input to the inflation debate. In Vienna, the OPEC+ group decided to add 648,000 barrels per day to the market…

Asharq Al-Awsat

Business: India brushes off criticism over purchase of Russian oil

Business: India brushes off criticism over purchase of Russian oil

India on Thursday bluntly stated that the issue of purchase of crude oil from Russia is “not an India related issue at all” as its approach is guided by the nation’s energy security requirements, similar to that of "many other regions and countries" - pointing to the West. Read more…

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TankerTrackers.com Locates Seized Greek Tankers in Iranian Waters

Two Greek oil tankers seized by Iran last week are located in Iranian waters, monitoring service TankerTrackers.com said in a Twitter post on Thursday. "We now have a visual confirmation that the hijacked Greek Suezmax tanker Prudent Warrior is in the anchorage of Bandar Abbas, Iran," the online service which…

Asharq Al-Awsat

Insiders Buy More Than $41M Of 2 Penny Stocks

US crude oil futures traded lower this morning on Thursday. 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…

To prevent disasters like Lac-Mégantic, private interests cannot be allowed to affect regulations

On July 6, 2013, the fourth deadliest railway disaster in Canadian history took place. A train hauling 72 tankers filled with crude oil derailed in Lac-Mégantic, Que., killing 47 people.

The Conversation

Insiders Buy Around $2.5M Of 3 Penny Stocks

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…

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Kremlin Says It Can Re-route Oil Exports to Minimize Losses from EU Embargo

Kremlin Says It Can Re-route Oil Exports to Minimize Losses from EU Embargo

The Kremlin warned on Wednesday that the European Union's sanctions on Russian oil would hit the global energy market, but said Moscow could re-route exports to limit its own losses. EU leaders this week agreed an embargo on Russian crude oil imports that aims to halt 90% of Russia's oil…

Asharq Al-Awsat

Ukraine war blamed for fuel hikes in South Africa, continent

Ukraine war blamed for fuel hikes in South Africa, continent

South Africans are feeling the bite of fuel price increases that are blamed on Russia’s war in Ukraine and the rise in the Brent crude oil price

The Independent UK

Italy Imports More Russian Oil despite Impending Embargo

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

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

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

WTI and Brent crude oil break out of swing zone

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.

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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.

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…

The Conversation

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…

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.

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Asharq Al-Awsat

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).

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%

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

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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