Crude Oil News and Headlines
- Northern Michigan oil spill bigger than thought, and 4 other major stories 01/23/2026A pipeline leak discovered last April in Northern Michigan released more than 9,200 gallons of crude oil, brine and other pollutants into a wetland in the Pigeon River Country State Forest — over four ...
- Bessent criticizes EU ‘stupidity’ over Russia-linked oil imports 01/23/2026Imports of oil from Indian refiners have boomed since the European Union curbed its direct purchases of energy fuels from Russia. Traders have taken advantage of a so-called “refining loophole” in the ...
- Rupee falls to record low of 92 against US dollar, settles at 91.88 01/23/2026The rupee hit an all-time low of 92 on Friday and recovered marginally to settle at 91.88 (provisional) against the American currency, amid selling pressure from foreign funds and risk-off sentiment ...
- OPINION | Be on the table or on the menu 01/23/2026US President Donald Trump appears to be shattering the global order with unilateral actions. This chaos, undermining allies and institutions, inadvertently strengthens China, which comes across as a s ...
- Why Markets Crashed Today: Sensex Down 800 Points, Rs 6 Lakh Crore Lost 01/23/2026On Friday, Indian equity markets faced a significant downturn as benchmark indices reversed early gains, primarily due to continuous foreign fund outflows, a depreciating rupee, and disappointing ...
- Former veteran Sinopec executive to lead Singapore firm's crude oil trading, sources say 01/23/2026A former trading executive with Chinese refining giant Sinopec has joined Singapore-based commodities firm Sino Crown International to build and lead its crude oil trading, two industry sources with ...
- American oil company CEOs feel increasingly ‘slighted’ by Trump’s focus on Venezuela: ‘That’s bad for U.S. producers’ 01/23/2026Trump's fixation on hiking oil volumes from OPEC and Venezuela to lower prices at the pump is leaving U.S. oil producers annoyed with weak domestic pricing and drilling activity.
- Oil prices rise on Trump's Iran 'armada' comments and Kazakh outage 01/23/2026Oil prices rebounded on Friday after U.S. President Donald Trump renewed threats against Iran, raising concerns of military action that could disrupt crude supplies while there are outages in ...
- Rs 6 lakh cr wiped out! Sensex slumps over 800 points, Nifty below 25,050. What triggered the selloff? 01/23/2026Stock Market Crash Today: Indian equities experienced a sharp decline on Friday, with the Sensex and Nifty erasing early gains due to persistent foreign institutional investor (FII) selling. FIIs ...
- Gulf Energy Exchange launches world’s first oil-backed digital asset 01/23/2026Unveiled at the World Economic Forum in Davos, OIL1 is a stablecoin built on U.S.-developed technologies and collateralized by verified reserves of ...
- Sensex falls 750 pts, Nifty near 25,050: 5 key factors behind market decline 01/23/2026Sensex, Nifty gave up early gains to trade flat as worries over sustained foreign outflows overshadowed relief from easing geopolitical concerns.
- US commercial crude oil stockpiles post weekly increase: EIA 01/23/2026US commercial crude oil inventories rose in the week ended Jan. 16, contrary to expectations of a 500,000-barrel draw. Meanwhile, gasoline inve ...