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Energy · last 24 hoursIndian bonds and the rupee gained as a plunge in crude prices eased inflation concerns and pressure on the external finances of the oil-importing nation.
Oil continued to fall in early Asian trade after declining over 8% overnight on rising hopes for an end to the Middle East conflict following the Democrats’ sweep in the U.S. midterm elections.
Energy buyers burned by the Strait of Hormuz are turning to Africa, and the money is following. The African Energy Chamber projects that Africa’s upstream sector will attract ~$40 billion a year through 2030, lifting the continent’s hydrocarbon output to 12.5 MMboe/d.…
Rising energy demand offers investment opportunities, but geopolitical risks and oil price uncertainty cloud the outlook, executives and an analyst said.
Brent oil pushed lower after tumbling more than 8% in the previous session as investors bet that a Democratic sweep in the US midterm elections could accelerate efforts to end the war in the Middle East.
In an extraordinary turn of events, Qatar, the world’s second-largest LNG exporter before the Iran war, will become the biggest buyer of liquefied natural gas from the United States, the producer that overtook the Gulf nation as top LNG exporter earlier this decade. This…
The oil industry is bracing for Democrats to use their newfound political muscle to push for a deal with President Donald Trump and impose a windfall tax on surging crude prices.
U.S. natural gas futures posted back-to-back gains, rising 2.2% to $2.959/mmBtu.
Plus, CVS decides to break itself up.
Falling oil prices and resilient travel demand could create an opportunity for airline stocks, but key differences give one carrier an advantage heading into 2027.
Oil dropped Wednesday, putting prices on track for their largest one-week decline since 2020.
Energy stocks have already been under pressure, and newly elected officials may not slow the data-center boom as much as feared.
Crude oil prices tumbled Wednesday after Vice President JD Vance blamed the Republicans' steep midterm election losses on the Iran war.
The United Arab Emirates currently operates one crude export pipeline that bypasses the Strait of Hormuz and announced earlier this year that it was building a second. A third pipeline is reportedly being planned to further expand crude capacity and reroute energy flows around…
Brent fell $8.94, or 8.6%, to $94.66 per barrel at 1:06 p.m. ET on Wednesday, after touching its lowest level since September 4, with traders pricing an end to the Iran war after the White House tied Tuesday’s midterm losses to the conflict. WTI dropped $8.01, or 8.3%, to…
North Sea oil prices slumped to fresh lows on Wednesday as the region’s physical crude traders weighed the prospects of a de-escalation of the Iran war following US President Donald Trump’s heavy defeat in the midterm elections.
Equinor halted output at its Visund oil and gas platform in the Norwegian North Sea on Wednesday after a fire in an electrical switchboard room, taking all 13.2 million cubic meters per day of the field’s gas export capacity off the market from Thursday. The fire broke out…
US vice-president JD Vance blames Republicans’ midterm defeat on anger over Iran war
New Jersey Democratic Governor Mikie Sherrill warned port and terminal operators in the state against "purchasing or unloading the illegal Russian fuel currently bound for the east coast of the United States." Sherrill's move threatens to complicate President Trump's efforts to…
Commercial crude oil stocks fell by 865,000 barrels, while distillate stocks fell to their lowest level in more than two decades, the EIA said.
Crude oil inventories in the United States saw a decrease of 900,000 barrels during the week ending October 30, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 409.8 million barrels,…
Oil traders are pricing a U.S.-Iran settlement and discounting the threats around it. As of 9:40 a.m. ET on Wednesday, Brent had fallen $3.04, or 2.9%, to $100.60 per barrel, its third straight loss, and WTI had dropped $2.86, or 3%, to $93.23. Murban slipped $1.27 to $100.90.…
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