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The Latest Breaking News from crude oil

Zelenskiy says level of price cap on Russia oil isn't serious

The $60 price cap on seaborne Russian oil agreed by Group of Seven nations and Australia is not serious and will do little to deter Russia from waging war in Ukraine, President Volodymyr Zelenskiy said on Saturday.

Reuters

Russia-Ukraine war live: Kyiv says ‘sick’ packages sent to its embassies following letter bomb in Madrid – as it happened

Ukraine’s foreign minister says 17 diplomatic missions have now received suspicious packages

The Guardian - AU

India to continue buying oil from all countries including Russia: Official

NEW DELHI: India will continue to buy crude oil from anywhere in the world, including Russia, to meet its energy needs, a top official said ahead of EU restrictions on Russian oil kicking in.

The Times of India

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Should You Put More Money Into APA Corp. Before the End of This Year?

APA Corporation (APA) has benefited from the higher crude oil prices this year, and its shares have gained more than 73% year-to-date. Although crude oil prices have dropped from their highs, analysts seem optimistic about a price recovery considering the expected demand-supply dynamics. Given this backdrop, will it be wise…

StockNews.com

UK national highways workers to strike; US jobs growth beats forecasts – business live

Union members working on England’s roads have announced 12 days of strike action over Christmas and the new year, while US added 263,000 jobs in November

The Guardian - UK

Accelerating Business Solutions: PTT’s new business direction cools climate combustion to zero

The unexpected oil crisis emerging from the oil embargo against Russia, the world’s second largest crude oil exporter, has piled pressure on energy prices, supply shortages, and economic recession worldwide. The renewable energy benefits are currently absorbed beyond their actual purposes to build growth of clean energy for a sustainable…

Bangkok Post

Windfall profit tax on crude oil halved, levy on export of diesel too slashed

NEW DELHI: The government on Thursday slashed to less than half the windfall profit tax on domestically produced crude oil and also reduced the levy on diesel.

The Times of India

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5 Oil and Gas Stocks to Watch This Holiday Travel Season

Crude oil prices are increasing with declining inventory and hopes of a slower interest rate hike. Moreover, a surge in demand is also expected due to the possible reopening of the Chinese economy and holiday travel. Given the industry tailwinds, we think it could be wise to consider investing in…

StockNews.com

To fight the climate crisis, we need to stop expanding offshore drilling for oil and gas

Environmental disaster struck the shores of Peru on Jan. 15, 2022, when Spanish energy company Repsol spilled 12,000 barrels of crude oil into the Bay of Lima after its tanker ruptured. The spill endangered 180,000 birds and destroyed the livelihoods of 5,000 families.

The Conversation

Markets hit fresh all-time highs; rally for 5th day

MUMBAI: Benchmark indices ended at fresh lifetime highs on Monday amid foreign fund inflows, a decline in crude oil prices and buying in index major Reliance Industries.

The Times of India

Saudi Petrochemical Strategy in its Final Stages

Saudi Minister of Energy Prince Abdulaziz bin Salman said on Wednesday that the petrochemical sector was rapidly growing in demand for oil globally, stressing that the acceleration in growth will continue until 2040. In remarks during the inauguration of the Saudi Petrochemical Industries Company (SABIC) building in Jubail, the minister…

Asharq Al-Awsat

PTT: Oil at $90 in 2023

Global crude oil prices are expected to keep decreasing to US$85-95 a barrel next year when the world economy slows down, according to analysts of national oil and gas conglomerate PTT Plc.

Bangkok Post

Can Valero Energy Help Energize Your Portfolio This Fall?

Although oil and gas prices have fallen significantly from their highs, crude oil prices are expected to rise further because of the potential supply crunch. This could benefit oil and gas major Valero Energy (VLO). Moreover, the stock is trading above its 50-day and 200-day moving averages, indicating an uptrend.…

StockNews.com

Oman’s Producer Price Index Posts Increase of 37%

Oman's producer price index for the third quarter of 2022 posted an increase of 36.6 percent, compared to the corresponding period in 2021, according to the quarterly survey by the National Center for Statistics and Information (NCSI). The Oman News Agency (ONA) reported on Sunday that oil and gas prices…

Asharq Al-Awsat

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Asharq Al-Awsat

Yemeni Official to Asharq Al-Awsat: Fate of FSO Safer to Be Determined after Unloading

The head of the Yemeni maritime authority has ruled out a new dispute arising and hindering the process of unloading the FSO Safer, a derelict oil tanker moored off the coast of Yemen. The government and Iran-backed Houthi militias will later agree on the fate of the tanker after unloading…

Asharq Al-Awsat

Saudi Crude Exports Surge to 29-Month High in September

Saudi Arabia's crude oil exports rose for a fourth straight month in September to the highest in 29 months, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. Crude exports rose about 1.6 percent to 7.721 million barrels per day (bpd) in September - the highest since April…

Reuters

Nigeria charges 26 men from oil tanker in suspected crude theft

A Nigerian court has charged 26 men with conspiracy to commit a maritime offence and attempting to illegally deal in crude oil after authorities accused their supertanker of sailing in Nigerian waters without authority.

Benzinga

Crude Oil Down Over 2%; Outset Medical Shares Spike Higher

U.S. stocks traded lower midway through trading as investors focused on the outcome of the midterm elections.

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StockNews.com

2 Oil and Gas Stocks to Get in on Before 2023

A tight supply has turned hedge funds bullish on crude oil. Moreover, with winter approaching and the EU embargo on Russian energy exports expected to kick in soon, oil prices could break $100 per barrel once again. Hence, quality oil and gas stocks Valero Energy (VLO) and Birchcliff Energy (BIREF)…

Reuters

Oil supertanker grounded in Indonesia will take a month to free - navy

Indonesian authorities said on Monday it could take up to a month to free a crude oil tanker stuck in its waters, while the United States slapped sanctions on the vessel for alleged links to Hezbollah and a branch of Iran's Revolutionary Guards.

Radio France Internationale

Uganda-Tanzania oil pipeline project a 'carbon bomb', analysis shows

The multibillion euro East African crude oil pipeline project, being financed by France's TotalEnergies and the China National offshore Company, will produce far more carbon emissions than claimed, new data shows.

Asharq Al-Awsat

Saudi Arabia Registers Jump in Foreign Direct Investment Inflows

Foreign direct investment flows recorded a growth of 46.5% during the second quarter of this year, compared to the same period of 2021, after excluding the Saudi Aramco deal amounting to 46.5 billion riyals ($12.4 billion). Last year, Aramco forged a pipeline infrastructure deal worth 46.5 billion riyals ($12.4 billion)…

Benzinga

Nasdaq Dips 100 Points; Crude Oil Rises Sharply

U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping more than 100 points on Wednesday.

Benzinga

Exxon Mobil, Goldman Sachs And 2 Other Stocks Insiders Are Selling

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

Dynamite News

Business: India Cuts Windfall Tax On Crude Oil, Hikes For Aviation Fuel, Diesel

The notification containing the revised tax structure shall come into force immediately from today. Read on for details:

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