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Oil prices rise
Oil prices rise after Fed delivers big interest-rate cut
Oil futures rose Thursday, gaining ground alongside global equities and other assets perceived as risky, a day after the Federal Reserve delivered a large interest-rate cut and set the stage for further easing of monetary policy.
Oil prices rise after US interest rate cut
Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but Brent was still hovering around its lowest levels of the year, below $75, on expectations of weaker global demand.
Crude oil prices today: WTI is trading at $69.67
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors related to U.S. and international supply and demand conditions. For example, the Brent/WTI spread hit nearly $14/bbl in April 2011 when protests sparked market fears of significant oil supply disruptions in the Middle East.
India will still buy cheap Russian oil
India Won’t Buy Russian LNG Sanctioned by the US, Oil Minister Says
India won’t buy liquefied natural gas from a project in Russia that is sanctioned by the US, Oil Minister Hardeep Puri said.
India plans to keep buying cheap Russian oil, oil minister says
India is prepared to keep buying oil from Russian companies that are allowed to make such sales, since prices are cheap, oil minister Hardeep Singh Puri said on Tuesday. Western sanctions on Russia over its war with Ukraine have capped the price Russia can charge for its crude oil,
India will still buy cheap Russian oil despite sanctions
India is ready to continue purchasing relatively cheap oil from Russian companies authorised to do so, with the Asian nation ready to simply buy from the cheapest seller. During an interview with a US media organisation at Houston’s GasTech conference,
7h
on MSN
Indian refiners jointly negotiating for 2025 Russian oil supplies, govt source says
Indian refiners are jointly negotiating to purchase Russian oil for next year, a government source said on Thursday, with ...
9h
2 No-Brainer High-Yield Oil Stocks to Buy With $500 Right Now
Oil prices have been weak of late, leaving energy stocks on the defensive. There are two that deserve a closer look just the ...
10h
Emissions Dip in Canada as Power Sector Cuts Offset Oil’s Gains
Canada’s emissions likely declined slightly in 2023 as the electricity sector continued to decarbonize, helping offset ...
8h
on MSN
Upstream electrification can cut oil and gas production emissions by more than 80%, report says
Oil and gas production facilities could reduce associated emissions by more than 80% by switching to electricity generated ...
1d
on MSN
Oil prices end higher after exploding-pagers attack on Hezbollah members in Lebanon
Oil futures rose Tuesday after news reports said pagers carried by thousands of Hezbollah operatives in Lebanon exploded ...
10h
Indonesia Amends Palm Oil Levy Regulation to Increase Exports
Indonesia’s Finance Ministry issued new regulations to revise the palm oil export levies, in a bid to boost shipments of the ...
1d
on MSN
Satellite images show the difficult mission to save a stricken oil tanker in the Red Sea
The Houthis attacked the MV Sounion multiple times in August, leaving the oil tanker stranded in the Red Sea.
2d
Oil nations face perilous future without energy transition support
Petrostates face a tricky future as the world decarbonises, with declining oil revenues threatening their finances. There is ...
knowyourmeme
7h
Diddy's 1,000 Bottles Of Baby Oil
Diddy's 1,000 Bottles of Baby Oil, also known as P. Diddy Baby Oil Memes, refers to a viral piece of information from Sean ...
1d
US seeks up to 6 million barrels of oil for strategic reserve
The U.S. is seeking to buy up to 6 million barrels of oil to help replenish the Strategic Petroleum Reserve after a historic ...
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