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The Latest Breaking News from Oil

Why is olive oil so expensive? Price rises explained

It isn’t Brexit-related

Evening Standard

6 ways to make your air fryer last longer, according to an air fryer chef

We asked an air fryer chef for her top tips on how to make your air fryer last longer. From cleaning to accessories, here's all you need to know

Homes & Gardens

Oil Prices Rise Due To Increased Tensions In Middle East

Learn about the impact of escalating Middle East tensions on oil prices and global energy security.

Top News

From analysis to the latest developments in health,
read the most diverse news in one place.

Bank fraud: ED filed prosecution complaint against two Delhi-based oil firm promoters

The Directorate of Enforcement (ED) has filed a prosecution complaint before the Special Court (PMLA). Read further on Dynamite News:

Dynamite News

Crude Recovers Early Losses on Warning of Possible Attack by Iran on Israeli Assets

May WTI crude oil (CLK24 ) on Wednesday closed up +0.98 (+1.15%), and May RBOB gasoline (RBK24 ) closed up +2.60 (+0.94%). Crude and gasoline prices Wednesday recovered from early losses and posted moderate gains after US intelligence said it believes a major missile or drone strike is imminent by...

Barchart

Big Oil vs. Big Tech: Here's the Winning Trade Right Now

Big Oil is beating Big Tech in 2024. The Energy Select Sector SPDR Fund (XLE) was up more than 13% in the first quarter of 2024, while the Nasdaq-100 Index gained just 8.7%. Add to that breakout performance the massive amounts of payouts that the large oil companies are making…

Barchart

After Russian oil, India raises sanctions over Russian diamonds with Europe

Faced with mounting losses and consignment delays due to new European Union-G7 sanctions, Indian diamond exporters are calling for a separate screening process to be set up in India, so that the newly mandated procedures for exports to Western countries can be processed smoothly.

The Hindu

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Crude Slightly Lower After Large Build in EIA Crude Inventories

May WTI crude oil (CLK24 ) this morning is down -0.28 (-0.33%), and May RBOB gasoline (RBK24 ) is down -0.77 (-0.28%). Crude and gasoline prices this morning are mildly lower, with crude falling to a 1-week low. Crude prices today gave up an early advance and turned lower after...

Barchart

The Transatlantic Battle to Stop Methane Gas Exports From South Texas

As legal efforts fall short, residents are pursuing a novel strategy to halt the building of export terminals on unspoiled wetlands: Lobby Europeans to reject gas from the U.S.

Capital & Main

Richard Serra: Six Large Drawings review – planes of black that pull you under

The artist’s posthumous show features dramatic drawings on delicate paper, etched with thick oil sticks – a magisterial play on ideas of weight and light

The Guardian - UK

EVs are booming but electric bikes are really cutting emissions

Ebikes and mopeds, known as electric micromobility, were responsible for two-thirds of the 1.5m barrels of oil displaced a day by EVs in 2022

The Guardian - AU

Top 3 Energy Stocks Locking in April Gains

The escalating geopolitical worries, tightened oil supplies, and increased oil consumption have bolstered the energy market. Given this backdrop, quality energy stocks Ultrapar Participações S.A. (UGP), Precision Drilling Corporation (PDS), and Adams Resources & Energy (AE) could be wise portfolio additions for potential gains this month. Read on….

StockNews.com

Venezuela's Former Oil Minister Arrested In Corruption Probe

Former Venezuelan oil minister arrested for corruption involving millions in oil proceeds and cryptocurrency. Probe targets high-level corruption in state-...

Top News

Western Kentucky man sentenced for 2018 KY/WV oil spill

The owner of a towboat that sank and spilled oil into a river along the West Virginia-Kentucky border has been sentenced.

WEKU

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Top News

Mexican Pemex Crude Output Reduced After Platform Fire

Exclusive report reveals Pemex's reduced oil output post-platform fire, raising concerns over production levels and global market impact.

Latin Times

Former Venezuelan Oil Minister Tareck El Aissami Arrested, Faces Treason, Money Laundering Charges

Tareck El Aissami had been away from the public eye for over a year

The Guardian - US

Venezuela’s ex-oil minister charged with stealing millions from state oil company

Tareck El Aissami latest in purge of politicians, human rights advocates and critics by government of Nicolás Maduro

Barchart

Crude Prices Fall Back With Stock Prices

May WTI crude oil (CLK24 ) on Tuesday closed down -1.20 (-1.39%), and May RBOB gasoline (RBK24 ) closed up +0.70 (+0.25%). Crude and gasoline prices on Tuesday settled mixed. Weakness in equity markets Tuesday undercut confidence in the economic outlook, which was bearish for energy demand and crude prices....

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International Business Times

Venezuela Arrests Ex-oil Minister El Aissami In Graft Probe

Venezuelan authorities announced the arrest Tuesday of influential ex-oil minister Tareck El Aissami, who had resigned from his post last year amid a corruption scandal at state oil company PDVSA. "We have managed to reveal the direct participation and consequent arrest" of El Aissami, Attorney General Tarek William Saab said,…

StockNews.com

3 Hot Energy Stocks Gaining Altitude in April

Geopolitical tensions, increasing global demand for oil and natural gas, supply limitations, and technological innovations are paving the way for robust growth of the energy sector. Hence, top energy stocks such as DNOW (DNOW), Geospace Technologies (GEOS), and Gulf Island Fabrication (GIFI) might be solid investments for April. Read more.

StockNews.com

3 Energy Stock Buys Surging Past Expectations

Rising oil prices due to escalating geopolitical tensions and supply concerns should bode well for the energy sector. So, I think fundamentally solid energy stocks Energy Transfer (ET), Pembina Pipeline (PBA), and Matrix Service (MTRX) might be ideal buys. Read more.

Barchart

Crude Prices Slip Alongside Equity Prices

May WTI crude oil (CLK24 ) this morning is down -0.81 (-0.94%), and May RBOB gasoline (RBK24 ) is down -0.28 (-0.10%). Crude and gasoline prices this morning are moderately lower. The weakness in equity markets today is undercutting confidence in the economic outlook, which is negative for energy demand...

The Guardian - UK

Shell’s former chief fuels fears it could quit London for New York

Ben van Beurden says company is undervalued in UK and US investors are ‘more positive’ about fossil fuels

Top News

US Gulf Coast Heavy Crude Oil Prices Firm Amid Supply Shortage

Learn about the strengthening US Gulf Coast heavy crude oil prices due to supply constraints and increased demand, impacting stakeholders in the oil industry.

Evening Standard

FTSE 100 Live 9 April: Blue-chips close a little lower as aerospace struggles, £150m private equity takeover

The FTSE 100 is trading slightly higher in a session featuring trading updates by BP and Imperial Brands.

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