The Latest Breaking News from Oil

The European Commission has proposed freezing the assets of Patriarch Kirill, head of the Russian Orthodox Church, a diplomat said on Wednesday.

The Fed’s aggressive interest rate hikes and high energy prices will likely fuel recessionary conditions. Moreover, the unexpected decline in GDP in the first quarter indicates a possible economic contraction. Amid such possibilities, the pharmaceutical industry could attract investors’ attention because of the inelastic demand for its products. Today, I…

Since Russia invaded Ukraine in February, India’s refusal to condemn Russia and maintain a neutral stance has sparked many debates at home and criticism abroad. US President Joe Biden called India’s stance “somewhat shaky”. However, shortly after, the US also called India an essential partner in realising its mission for…

More than two months after WNBA superstar Brittney Griner was arrested at a Moscow airport and accused of having cannabis oil in her luggage, the U.S. State Department finally said on Tuesday said that she had been “wrongfully detained,” signaling a significant shift in how officials will work to get her home.

Although crude oil futures traded higher on Wednesday, there were a few notable insider trades.

Russian forces pounded targets across Ukraine, taking aim at supply lines for foreign weapons in the west and intensifying an offensive in the east, as the European Union moved Wednesday to further punish Moscow for the war with a proposed ban on oil imports. The Russian military said Wednesday it…

Threat of further petrol and diesel price rises after European Commission unveils toughest measure yet against Russian energy supplies

Saudi Arabia has seen indicators of high liquidity movement, prompted by the recovery of commercial demand and consumer spending over the last period, in parallel with the growth of the national economy and the rise in oil revenues and non-oil activity in the Kingdom. Cash liquidity rose by 2.7% at…

  Murphy Oil (NYSE:MUR) reported its Q1 earnings results on Wednesday, May 4, 2022 at 06:00 AM. Here's what investors need to know about the announcement.