Middle East tensions drive global oil prices higher amid supply concerns
Rising oil prices due to Middle East tensions could slow global economic growth and increase inflationary pressures worldwide. The post Middle East te...
Sep 16open_in_new
OIL (OIL) — News
1,989 articles · updated every 3 minutes
Syzran and Saratov oil refineries halt operations after drone attacks
The refinery shutdowns exacerbate Russia's fuel supply issues, highlighting vulnerabilities in its energy infrastructure amid ongoing conflict. The po...
Sep 16open_in_new
Chinese oil prices reach record highs after Saudi pipeline attacks
Shanghai crude oil futures hit a record 929.4 yuan per barrel after drone attacks knocked out Saudi Arabia's East-West pipeline, disrupting 4% of The ...
Sep 16open_in_new
Diesel crack spreads hit record highs amid Russia, US export ban concerns
Rising diesel crack spreads signal potential for crude oil price surges, impacting global energy markets and economic stability. The post Diesel crack...
Sep 16open_in_new
Rising diesel and heating oil prices strain swing state voters ahead of midterms
Economic strain from rising energy costs may sway voter behavior and impact crude oil market forecasts, potentially affecting national policies. The p...
Sep 16open_in_new
Strategist sees potential for aggressive Fed rate hikes amid rising oil prices
Rising oil prices could lead to tighter monetary policy, impacting economic growth and increasing market volatility as inflation persists. The post St...
Sep 16open_in_new
US energy secretary reports Strait of Hormuz oil flow at 11M bpd, roughly half of pre-war levels
The reduced oil flow through the Strait of Hormuz heightens global energy market volatility, impacting economies reliant on Persian Gulf exports. The ...
Sep 16open_in_new
Houthis claim missile and drone strikes on Saudi Aramco facilities and Khamis Mushait airbase
The escalation risks further destabilizing regional security, impacting global oil markets, and exacerbating humanitarian crises. The post Houthis cla...
Sep 16open_in_new
Iran conflict drives oil prices, interest rates higher, raising US household costs
Geopolitical tensions in the Middle East are exacerbating inflation and economic strain, potentially leading to unprecedented oil price surges. The po...
Sep 16open_in_new
US strikes Iranian boats in Strait of Hormuz amid rising tensions
Heightened U.S.-Iran tensions in Hormuz could destabilize global oil markets and complicate diplomatic efforts for regional peace. The post US strikes...
Sep 16open_in_new
Brent crude oil price rises to $108.34 per barrel on September 16
Rising oil prices could exacerbate inflation, challenging central banks' efforts to stabilize economies and potentially impacting global markets. The ...
Sep 16open_in_new
European shares rebound as oil prices ease and bond selloff slows
European equities' temporary relief highlights the fragile balance between oil prices, bond yields, and central bank policies impacting markets. The p...
Sep 16open_in_new
Saudi Arabia accuses Houthis of targeting Mecca, warns of ‘red line’
Heightened tensions risk disrupting global oil supply chains, impacting international shipping routes and regional stability. The post Saudi Arabia ac...
Sep 16open_in_new
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US Moves to Forfeit $61M in Crypto Linked to Iran’s Oil Sales
U.S. prosecutors are seeking forfeiture of roughly $61 million in cryptocurrency allegedly generated through sanctioned Iranian oil sales. The assets ...
Sep 16open_in_new
US diesel prices hit record $6.27 amid Iran conflict, supply constraints
Rising diesel prices could exacerbate inflation, impacting freight costs and potentially driving crude oil to new highs amid geopolitical tensions. Th...
Sep 15open_in_new
Saudi Arabia cuts oil shipments to Europe after pipeline shutdown: Reuters
The pipeline shutdown may lead to shifts in European oil supply chains and heighten crude price volatility, impacting global energy markets. The post ...
Sep 15open_in_new
S&P 500 and Nasdaq close at lowest levels in over a month as oil and yields bite
Rising oil prices and bond yields could dampen economic growth, strain corporate profits, and shift investor focus from equities to safer assets. The ...
Sep 15open_in_new
Chipotle stock falls amid rising oil prices, Treasury yields, inflation concerns
Economic pressures may lead to tighter monetary policy, impacting consumer spending and corporate profitability across sectors. The post Chipotle stoc...
Sep 15open_in_new
Russia’s oil exports jump as Middle East war pushes prices higher
Russia's increased oil exports amid price spikes highlight its strategic advantage in global energy markets, impacting geopolitical dynamics. The post...
Sep 15open_in_new
Russia boosts oil exports by most since May as oil prices spike past $108
Russia's increased oil exports amid price spikes highlight its strategic advantage in global energy markets, impacting geopolitical dynamics. The post...
Sep 15open_in_new
Russia boosts oil exports as Saudi pipeline attacks drive prices above $105
Geopolitical tensions and supply disruptions may drive oil prices to new highs, impacting global energy security and economic stability. The post Russ...
Sep 15open_in_new
US Seeks Forfeiture of $61 Million in Crypto Linked to Alleged Iranian Oil Scheme
Prosecutors allege two Chinese companies used Binance accounts to launder oil proceeds benefiting Iran’s government and military.
Sep 15open_in_new
Dangote profits from Europe fuel crunch as IPO tests investor appetite
Dangote's refinery success amid Europe's fuel crisis highlights Nigeria's potential shift from oil exporter to a refined product powerhouse. The post ...
Sep 15open_in_new
Saudi Arabia’s East-West pipeline to resume oil flow within days, says US Energy Secretary
The pipeline's swift resumption could stabilize global oil markets, mitigating risks from regional tensions and chokepoints like the Strait of Hormuz....
Sep 15open_in_new
DOJ Seeks $61M in Iranian Oil Proceeds Laundered Through Binance Accounts
Bitcoin Magazine DOJ Seeks $61M in Iranian Oil Proceeds Laundered Through Binance Accounts The U.S. Department of Justice has filed to forfeit $61 mi...
Sep 15open_in_new
Iraq’s oil sales hammered by Strait of Hormuz crisis as revenues collapse 84%
Iraq's fiscal stability is severely threatened, highlighting the vulnerability of oil-dependent economies to geopolitical disruptions. The post Iraq’s...
Sep 15open_in_new
Saudi Arabia halts oil loadings at Yanbu after pipeline attacks: Reuters
The halt in Saudi oil loadings underscores vulnerabilities in global supply chains, potentially escalating energy prices and geopolitical tensions. Th...
Sep 15open_in_new
Poland’s $424 million oil deal gone wrong puts crypto payments under the microscope
The scandal underscores the risks of crypto in international trade, prompting scrutiny and potential regulatory changes in financial transactions. The...
Sep 15open_in_new
Iran oil exports drop sharply, tightening global supply through Hormuz
The disruption in Iranian oil exports may drive global oil prices higher, increasing market volatility and impacting economic stability. The post Iran...
Sep 15open_in_new
87% chance the Fed raises rates tomorrow as oil tops $100 and inflation bites back
The anticipated rate hike signals a shift towards tighter monetary policy, potentially impacting economic growth and financial market stability. The p...
Sep 15open_in_new