Crude Oil News and Headlines
- Oil increases after recording lowest 3% price plummet 05/02/2024Israel's ongoing attacks in region continue to dash hopes of cease-fire in Middle East while raising oil supply concerns - Anadolu Ajansı ...
- Canada's long-delayed Trans Mountain oil pipeline starts operations 05/02/2024After 12 years and C$34-billion, Canada's Trans Mountain pipeline expansion project (TMX) began commercial operations on Wednesday, a major milestone expected to transform access to global markets for ...
- How India saved $13 billion by importing Russian crude oil 05/02/2024A study from the Investment Information and Credit Rating Agency (ICRA) showed that India, one of the largest consumers of oil in the world, made huge savings thanks to discounts on Russian crude in ...
- New Investment, Oil Production Growth Strengthens Chevron’s 2024 Q1, Profit 05/02/2024Strong oil production growth from recent acquisitions has supported Chevron Corp. earnings which surpassed expectations for a second straight quarter.
- Government cuts windfall tax on crude petroleum 05/02/2024The government has reduced the windfall tax on domestically produced crude oil from ?9,600 per tonne to ?8,400 per tonne, effective from May 1. Meanwhile, the SAED on diesel, petrol, and jet fuel or ...
- Long-standing offshore gas field dispute reignited in Middle East 05/02/2024Iran is locked in a prolonged dispute with neighbours Saudi Arabia and Kuwait over the development of the Durra gas field ...
- Shell launches $3.5 billion buyback after earning $7.7 billion 05/02/2024Shell’s first-quarter adjusted earnings fell by less than expected, buoyed by strong margins from crude and oil trading, while the energy giant kicked off ...
- Oil prices fall amid Middle East hopes for cease-fire 05/02/2024Oil prices fell on Wednesday over growing hopes for a cease-fire agreement between Israel and Hamas and rising crude inventories in the US, the world's ...
- TOP NEWS: Shell launches fresh buyback as lower earnings top forecasts 05/02/2024(Alliance News) - Shell PLC on Thursday announced a new USD3.5 billion share buyback, alongside lower first quarter earnings which nonetheless beat market expectations. Shares in the London-based oil ...
- Shell Earnings Boosted by Higher Oil, Gas Production on Quarter -- Energy Comment 05/02/2024By Christian Moess Laursen Shell's oil and gas production jumped compared with the prior quarter, helping it beat financial forecasts by market ...
- Indian Oil Restores Russian Crude Purchases Via Sovcomflot Vessels 05/02/2024The Suezmax tanker Vladimir Tikhonov discharged about 1 million barrels of Russian Urals crude at Paradip port on Thursday ...
- Saudi Arabia’s Q1 GDP contracts by 1.8%, oil sector weighs 05/02/2024Saudi Arabia’s statistics authority estimated that oil activities plunged by 10.6 per cent in the first quarter compared to the same period a year ago.