Diesel prices hit record $6.44 per gallon, impacting US economy
Rising diesel costs could escalate transportation expenses, potentially driving inflation and influencing global oil market dynamics. The post Diesel ...
Sep 18open_in_new
OIL (OIL) — News
1,989 articles · updated every 3 minutes
Saudi pipeline shutdown drives record oil premiums for European refiners
The pipeline shutdown may lead to sustained high oil prices, impacting global markets and prompting strategic shifts in energy sourcing. The post Saud...
Sep 18open_in_new
Bitcoin rises 6% as lower oil prices and SEC decision boost market
Bitcoin's rise highlights the impact of regulatory shifts and market dynamics on digital assets, signaling potential volatility ahead. The post Bitcoi...
Sep 18open_in_new
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European Union officials may hold emergency meeting on energy crisis as oil tops $100 a barrel
Rising energy costs could exacerbate inflation, strain EU budgets, and necessitate coordinated international policy responses to stabilize markets. Th...
Sep 18open_in_new
JPMorgan admits it cannot forecast oil prices as US-Iran conflict upends energy markets
The inability to forecast oil prices amid geopolitical tensions highlights the fragility of global energy markets and economic stability. The post JPM...
Sep 18open_in_new
New US sanctions bill complicates Modi’s energy policy decisions
The new US sanctions strain India-US relations, forcing India to reassess its energy strategy and potentially impacting global oil markets. The post N...
Sep 18open_in_new
France calls G7 summit to discuss oil reserve release amid escalating energy crisis
The G7 summit's focus on energy security highlights the urgent need for coordinated global strategies to stabilize volatile energy markets. The post F...
Sep 18open_in_new
Bitcoin hits $81K as US bond yields rebound on global oil woes
Bitcoin price action made swift gains at the start of Friday’s Wall Street trading session as US 30-year bond yields began rising again.
Sep 18open_in_new
Saudi Arabia’s East-West pipeline shutdown after drone attacks rattles global oil markets
The pipeline shutdown underscores the fragility of global oil supply chains, highlighting vulnerabilities that can disrupt markets and elevate prices....
Sep 18open_in_new
How has the Houthis’ rapid advance across Yemen left Saudi Arabia exposed and isolated?
The Houthis' advance in Yemen heightens regional instability, threatening maritime security and oil routes, isolating Saudi Arabia. The post How has t...
Sep 18open_in_new
Saudi Aramco halts crude oil allocations to European refiners after pipeline attack
The pipeline attack exacerbates Europe's energy insecurity, driving up costs and highlighting vulnerabilities in its supply chain reliance. The post S...
Sep 18open_in_new
TotalEnergies and BlackRock’s GIP strike $1.8B deal to monetize African oil and gas infrastructure
The deal highlights a strategic shift towards infrastructure monetization, potentially boosting energy investments and operational flexibility in Afri...
Sep 18open_in_new
Exxon Mobil shuts down major Joliet refinery, impacting Midwest diesel supply
The refinery shutdown may exacerbate diesel shortages, elevate fuel prices, and potentially drive crude oil prices to unprecedented levels. The post E...
Sep 18open_in_new
US and Houthis open talks as Saudi oil crisis deepens
The US-Houthi talks may signal a shift towards diplomacy, potentially easing Middle East tensions and stabilizing global oil markets. The post US and ...
Sep 17open_in_new
US gas stations face diesel shortages as prices hit record highs
Diesel shortages may drive crude oil prices up, impacting global markets and economic stability, with geopolitical factors playing a key role. The pos...
Sep 17open_in_new
US airlines cut flights amid high fuel costs this year: CNN
Airlines' flight reductions due to high fuel costs may signal broader economic impacts, including potential crude oil price surges and supply issues. ...
Sep 17open_in_new
China presses Iran to rein in Houthis as Brent crude slides toward $104
China's diplomatic involvement highlights the interconnectedness of geopolitical tensions and global energy markets, impacting oil prices and trade ro...
Sep 17open_in_new
Strait of Hormuz vessel transits fall to three amid Gulf conflict
The drastic reduction in Strait of Hormuz transits could severely disrupt global oil supply chains, impacting energy markets and economic stability. T...
Sep 17open_in_new
Pakistan unveils austerity measures to conserve fuel amid Gulf conflict
Pakistan's austerity measures highlight the global ripple effects of regional conflicts on energy markets, potentially influencing oil prices. The pos...
Sep 17open_in_new
Dow, S&P 500, and Nasdaq open higher as oil prices and Treasury yields ease
Eased oil prices and Treasury yields may stabilize markets temporarily, but Fed's rate hike hints at potential volatility ahead. The post Dow, S&P 500...
Sep 17open_in_new
Iran vows to keep Strait of Hormuz closed until Trump and Netanyahu are out of power
The prolonged closure of the Strait of Hormuz exacerbates global energy instability, inflating oil prices and straining international relations. The p...
Sep 17open_in_new
Gulf crisis worsens energy disruption in Bangladesh and Pakistan
The Gulf crisis underscores South Asia's energy vulnerability, potentially escalating global oil prices and straining regional economies. The post Gul...
Sep 17open_in_new
India warns US tariffs on Russian oil could strain ties
US tariffs on Russian oil could disrupt global energy markets, strain US-India relations, and elevate geopolitical tensions in Asia. The post India wa...
Sep 17open_in_new
How $230M in Crypto for Venezuelan Oil Vanished on USB Drives
Poland’s state energy company Orlen lost hundreds of millions of dollars after a covert plan to buy discounted Venezuelan crude using tether collapsed...
Sep 17open_in_new
Standard Chartered sees higher oil floor amid Gulf tensions
Geopolitical tensions in the Gulf may lead to sustained higher oil prices, impacting global markets and highlighting infrastructure vulnerabilities. T...
Sep 17open_in_new
France extends aid to sectors hit by fuel price surge amid Middle East tensions
France's aid extension highlights ongoing economic strain from fuel costs, potentially influencing crude oil market expectations and prices. The post ...
Sep 16open_in_new
Saudi Arabia restores key pipeline, easing oil supply concerns
The pipeline's restoration stabilizes oil markets, reducing price volatility and easing geopolitical tensions over supply security. The post Saudi Ara...
Sep 16open_in_new
Oil tops $100, US fuel prices hit record highs amid Middle East tensions
Rising oil prices due to Middle East tensions could strain global economies, impacting inflation and energy policies worldwide. The post Oil tops $100...
Sep 16open_in_new
USDT payments feature in Polish energy giant’s failed $230M oil deal: FT
Tether’s USDT stablecoin was part of a failed oil trade that reportedly cost a Polish energy giant $230 million in late 2023.
Sep 16open_in_new
Saudi Arabia faces oil supply disruptions amid escalating Middle East conflict
The disruption in Saudi oil exports exacerbates global economic instability, heightening inflationary pressures and threatening energy security. The p...
Sep 16open_in_new