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The Latest Breaking News from Oil

Crude Recovers Early Losses on Lingering Geopolitical Risks

May WTI crude oil (CLK24 ) on Thursday closed up +0.04 (+0.05%), and May RBOB gasoline (RBK24 ) closed down -1.50 (-0.55%). Crude and gasoline prices on Thursday settled mixed, with crude rebounding from a 3-week low and gasoline falling to a 2-week low. A stronger dollar Thursday weighed on...

Barchart

Are OXY and XOM Ready to Fuel Up Investors' Returns in 2024?

Geopolitical tensions and a potential disruption in supply are boosting the energy sector’s prospects. However, a slowdown in the global economy and a delay in interest rate cuts pose demand concerns for the sector. Let's analyze the investment prospects of Occidental Petroleum (OXY) and Exxon Mobil (XOM).

StockNews.com

Grain Markets: Will Soybean, Corn, and Wheat Prices Rebound Anytime Soon?

I joined Michelle Rook on Agweb's Markets Now earlier today to discuss the soybean, corn, and wheat markets. We also chatted about the U.S. dollar, oil, the stock market, and cattle prices.

Barchart

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Ample US Oil Supplies Weigh on Crude Prices

May WTI crude oil (CLK24 ) this morning is down -0.51 (-0.62%), and May RBOB gasoline (RBK24 ) is down -2.36 (-0.86%). Crude and gasoline prices this morning extended Wednesday's losses, with crude sliding to a 3-week low and gasoline falling to a 2-week low. A stronger dollar today is...

Barchart

"The song is about the push and pull of mismatched love and the lengths you’d go to make it work": PVRIS drops vibrant new track Oil & Water

PVRIS goes pop with the peppy new track, Oil & Water

Louder

Brazil Faces Indigenous Resistance To Amazon Oil Drilling Plans

Indigenous opposition to oil drilling in the Amazon raises concerns about environmental impact and Indigenous rights in Brazil.

Top News

Tech Earnings Awaited As Oil And Dollar Steady

Global markets stabilize as oil prices and the US dollar find balance. Tech earnings reports are awaited for market direction.

Top News

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‘We can’t hunt or fish’: the villages in Ecuador’s Amazon surrounded by abandoned explosives

In 2002, high explosives were laid in oil wells across 20 sq km of forest. The firm has gone but the pentolite remains, despite a court ruling, putting lives and the ecosystem at risk

The Guardian - UK

Norway's Wealth Fund Posts $107 Bln First Quarter Gain

Norway's sovereign wealth fund, the world's largest, posted a gain of more than $100 billion in the first quarter amid the global stock market recovery, it said Thursday.

International Business Times

US reimposes oil sanctions against Venezuela over election concerns

Move in US election year could push up oil prices, but Washington says Maduro has not made promised electoral reforms.

Al Jazeera

Oil Stabilizes After Sharp Drop, Easing Middle East Tension Concerns

Oil prices stabilize after drop due to global demand concerns and Middle East tensions easing.

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IMF’s Georgieva says border migration is helping US outperform Europe; UK car insurance prices finally falling – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

US Reimposes Oil Sanctions On Venezuela Amid Election Uncertainty

US reimposes oil sanctions on Venezuela amid doubts about upcoming elections, escalating tensions in the South American country.

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Venezuela's Oil Sector Impacted By Loss Of US License

US revokes Venezuela's oil export license, impacting economy and prompting search for new markets.

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China Increases Q1 Crude Oil Storage Amid Flatlining Imports

China increases crude oil storage capacity to secure energy reserves amidst global uncertainties.

The Guardian - UK

‘Russia doesn’t care’: Sweden sounds alarm over unsafe oil fleet

Foreign minister warns of environmental catastrophe in Baltic Sea as he accuses Moscow of using unseaworthy vessels

inkl

Stuck on the Road: A Guide to Handling Car Breakdowns While Traveling

Car breakdowns are an unfortunate but common occurrence while traveling. Whether you're on a road trip or simply commuting to work, there's always a chance that your car could break down unexpectedly. It's important to be prepared for such situations to ensure your safety and minimize the inconvenience.

International Business Times

US To Reimpose Oil Sanctions On Venezuela

The United States said Wednesday it will snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its repression of opponents.

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Latin Times

U.S. reimposes sanctions on Venezuelan oil sector citing electoral commitment failures

Authorities said the Maduro government has "fallen short" on moving toward free and fair elections

International Business Times

US To Reimpose Oil Sanctions On Venezuela: Officials

The United States is to snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its "repression" of opponents, US officials said Wednesday.

Barchart

Crude Prices Retreat on Ample US Crude Supplies

May WTI crude oil (CLK24 ) on Wednesday closed down -2.67 (-3.13%), and May RBOB gasoline (RBK24 ) closed down -9.36 (-3.32%). Crude and gasoline prices Wednesday sold off sharply, with crude falling to a 3-week low and gasoline dropping to a 2-week low. Crude prices tumbled after Wednesday's weekly...

Latin Times

Venezuela scrambles to give assets it seized from ConocoPhilips to a local company

Venezuelan firm A&B Investments is set to partner with state-run PDVSA to run fields in the Orinoco Belt before U.S. sanctions go back in place

Texas Observer

The Epic Texas Panhandle Fire Is Just a Preview

Texas officials go to bat for oil and gas while the climate-fueled Smokehouse Creek Fire still rages.

Barchart

Crude Prices Drop after EIA Crude Inventories Jump to a 10-Month High

May WTI crude oil (CLK24 ) this morning is down -0.88 (-1.03%), and May RBOB gasoline (RBK24 ) is down -4.99 (-1.77%). Crude and gasoline prices this morning are moderately lower, with crude falling to a 2-week low. Crude prices moved lower after weekly EIA crude inventories rose more than...

StockNews.com

Schlumberger (SLB) Earnings Loom - Is It Time to Invest?

Schlumberger (SLB), the world’s biggest oilfield services company, will publish its first-quarter earnings on April 19. The company is expected to report revenue and earnings growth over the prior-year quarter. Therefore, is it time to invest in the stock ahead of its earnings? Read on to learn my view.

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