Crude Oil News and Headlines
- Commodities Buzz: India cuts import duty on crude edible oils to 10% to tame food inflation 06/02/2025India has slashed the basic import duty on crude edible oils-palm, soy, and sunflower-from 20% to 10%, lowering the effective duty to 16.5%. The move aims to cool food inflation ...
- Oil Extends Gains on OPEC+, Geopolitical Premium 06/02/2025Oil futures rose after Ukrainian drones attacked inside Russia, and a nuclear deal with Iran remained elusive, but Spartan Capital didn’t anticipate a sustained rally, as oversupply continued to be a ...
- Global shares slide as Russia-Ukraine conflict, OPEC+ output plan push oil prices higher 06/02/2025Global shares have fallen and oil prices jumped as trade tensions and the Russian-Ukraine conflict ratcheted up geopolitical uncertainty. Beijing and Washington traded harsh words over trade. Oil ...
- 2 Solid 7-9% Yields For Recurring Income 06/02/2025Plains All American delivers a 9.2% yield, robust cash flows, and steady distribution growth, with a low price-to-cash flow ratio versus peers. Both OHI and PAA provide durable business models, ...
- Dow Jones Today: Stock Futures Drop as China Accuses US of Undermining Trade Agreement; S&P 500 Coming Off Best Month Since 2023 06/02/2025Stock futures are pointing to a lower open for major indexes on Monday as the latest flare-up in global trade tensions weighs on investor sentiment.
- Gas prices dip below $3 in some Michigan cities as OPEC boosts oil production 06/02/2025"Michigan drivers are seeing lower prices at the pump, with some metro areas seeing averages below $3 a gallon," Adrienne Woodland, a AAA auto club spokeswoman said. "If demand drops, alongside low ...
- State gas prices dip 13 cents since last week, AAA says 06/02/2025Gas prices in Michigan dipped 13 cents since last week, to an average of $3.08 per regular unleaded gallon, AAA - The Auto Group announced Monday. The price is 17 cents less than a month ago and 48 ...
- U.S. crude oil rises about 4% after OPEC+ increases output at steady rate 06/02/2025OPEC agreed to increase production by 411,000 barrels per day in July, the third consecutive month the group has boosted output at that rate.
- Dow Jones Top Energy Headlines at 7 AM ET: Oil Prices Rise on Mounting Russia-Ukraine Tensions | Oil ... 06/02/2025The stake increases Shell's interest in the deep-water Bonga field to 67.5% from 55%. Pipeline operator Williams will seek to build two natural-gas supply lines to New York following talks between ...
- India cuts import taxes on crude cooking oils 06/02/2025India has lowered the import tax on crude cooking oils such as sunflower in a move welcomed by the local industry association.