The Latest Breaking News from crude oil

With international crude oil prices soaring, local consumption of petroleum products back to pre-pandemic levels and the U.S. calling for sanctions against Russia, Iran may make a comeback as a major oil partner for India

India’s procurement of discounted crude oil from Russia has seen a significant jump in the last few months notwithstanding an increasing disquiet over it by the Western countries

Financial instruments move in streaks — daily and weekly ones that lead to monthly ones. The price of the front-month contract for crude oil futures doubled from December 2021 to May 2022, ending November at $53.29 and ending May at $109.01.

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 100 points on Wednesday.

U.S. crude oil futures traded lower this morning. Investors, meanwhile, focused on some notable insider trades.

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

Big energy companies clocked huge profits in the first half of this year, making record windfall gains which governments have tried to rein in  

Russia is threatening to cut energy supplies to Europe, which could keep oil prices elevated this year. While rising oil prices should help the energy industry thrive, Occidental Petroleum (OXY) is not well-positioned to capitalize on the industry tailwinds. However, one could benefit from the industry’s solid prospects by investing…

Industry insiders say six decades of oil exploration have made the Niger Delta one of the most polluted places on earth.

Central banks around the world are rising rates, but offering hope that the end is in sight, while crude oil hits a seven-month low.

Soaring energy prices have dominated the headlines over the last year. In the oil sector, the wholesale price of Brent crude oil (a key oil industry measure), is almost five times higher now than in April 2022, and motorists have faced record petrol prices at the pumps.