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The Latest Breaking News from crude oil

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.

Radio France Internationale

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)…

Asharq Al-Awsat

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

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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.

Benzinga

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:

Dynamite News

Saudi Aramco Posts 39% Jump in Third-quarter Profits

Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year, the latest financial results boosted by higher oil prices and volumes sold. The energy giant's net income totaled $42.4 billion -- up from $30.4 billion during the same period last year -- and was "primarily driven…

Asharq Al-Awsat

Is the US energy independent?

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Five Fundamental Reasons for High Oil Volatility

WTI crude oil prices fell 25% in the third quarter, but amid economic uncertainty and geopolitical risks, volatility has shown little sign of weakening.

The Street

Houthis Threaten to Launch Terrorist Attacks in Response to Security Council Condemnation

The Iran-backed Houthi militia responded to a UN Security Council statement condemning its attack on the al-Dabba port in Hadramout by threatening to expand its attacks and warning that it could resort to any option to target local energy facilities and maritime trade. The militias have targeted two oil ports…

Asharq Al-Awsat

Saudi Arabia, France to Cooperate on Clean Hydrogen, Renewable Energy

Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz reiterated on Friday the need to increase the stability of the global oil market, during a video call with French Minister for Energy Transition, Agnes Pannier-Runacher. Saudi Arabia and France are seeking to increase cooperation in clean hydrogen and renewable energy.…

Asharq Al-Awsat

Oil Falls as China Widens COVID-19 Curbs

Oil prices fell on Friday after China, the world's top crude oil importer, widened its COVID-19 curbs, but were poised for a weekly gain on supply concerns ahead of Europe's pending cut-off of Russian imports. Brent crude futures eased 78 cents, or 0.8%, to $96.18 a barrel at 0350 GMT,…

Asharq Al-Awsat

Adobe, Costco And 2 Other Stocks Insiders Are Selling

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

Benzinga

‘Monstrous’ east African oil project will emit vast amounts of carbon, data shows

Experts say crude oil pipeline from Uganda to Tanzania will produce 25 times host nations’ combined annual emissions

The Guardian - UK

Dow Jumps Over 300 Points; Crude Oil Rises Sharply

U.S. stocks traded mostly higher midway through trading, with the Dow Jones gaining more than 300 points on Wednesday.

Benzinga

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Benzinga

United Airlines, Johnson & Johnson And 2 Other Stocks Insiders Are Selling

US crude oil futures traded lower on Monday. Investors, meanwhile, focused on some notable insider trades.

Tribune News Service

GOP pans oil reserve sale despite a long and bipartisan history

WASHINGTON — After the Biden administration announced the latest sale of crude oil from the Strategic Petroleum Reserve to put a damper on pump prices earlier this week, Republican lawmakers called the move a stunt to mollify gasoline price-sensitive voters before the election in November.

Investors Business Daily

Schlumberger Earnings Top Views Amid Energy Market Volatility

Schlumberger earnings beat estimates Friday as the oilfield service firm reported momentum was building in the industry. SLB shares edged higher Friday.

Asharq Al-Awsat

Saudi Energy Minister, Top Chinese Official Stress Importance of Stable Long-Term Crude Supplies

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman and the director of China's National Energy Administration Zhang Jianhua on Friday stressed the importance of stable long-term supplies to crude oil markets, the Saudi state news agency SPA reported. The two agreed to continue cooperation efforts to maintain stability in oil…

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The Street

Biden Release of More Oil From Reserve Has Little Impact on Prices

Gasoline prices decline slightly while crude oil prices experience volatility.

USAFacts

Did releasing oil from the Strategic Petroleum Reserve impact gas prices?

Our nation, in numbers. USAFacts provides a comprehensive, nonpartisan view of the state of our union.

Asharq Al-Awsat

Saudi Crude Oil Exports Hit 2-Year High

Saudi Arabia’s crude oil exports hit a more than two-year high of 7.6 million barrels per day in August, according to data from the Joint Organization Data Initiative. The Kingdom saw a 3% rise from July, recording its highest volume since April 2020. It was also the third month in…

Investors Business Daily

Continental Resources Stock Surges On Boosted Takeover Offer

Harold Hamm, the billionaire founder and chairman of Continental Resources (CLR), has upped his offer to take the shale oil giant private. Hamm's decision to pay more for the company comes as both U.S. crude oil and natural gas futures have fallen from highs earlier in the year. Continental Resources…

The Independent UK

Oil flow to Germany resumes after Poland fixed pipeline leak

The Polish operator of an oil pipeline running to Germany says it has fixed the damage that caused a leak earlier this week and that the flow of crude oil from Russia has been fully restored

The Independent UK

Poland sees no signs of interference in oil pipeline spill

The Polish operator of an oil pipeline says there are “no signs of any third-party interference” related to a leak in a pipeline that is the main source of crude oil from Russia to Germany

Asharq Al-Awsat

Jubeir: Saudi Arabia Does Not Politicize Oil

Minister of State for Foreign Affairs Adel al-Jubeir has said Saudi Arabia does not politicize oil and the shortage is not related to the fundamentals of crude oil supply and demand. "Oil is not a weapon," al-Jubeir told Fox News. "It's not a fighter plane. It's not a tank. You…

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