oil

After a slow start to the year, energy has emerged as the sector to watch with crude oil futures soaring to a five-month high in the wake of escalating geopolitical tensions in the Middle East. Iran has vowed revenge on Israel after…

Warren Buffett-backed Occidental Petroleum (OXY) approached a buy point Tuesday as energy stocks appear to be picking up steam with oil prices trading solidly above $80 per barrel. Meanwhile, OPEC+ is set to assess market conditions…

(Bloomberg) -- Mexico’s state-controlled oil company plans to halt some crude exports over the next few months, a move that would cut supply from a tightening global market.Most Read from BloombergPetroleos Mexicanos, also called Pemex,…

An Hour AgoJapan's Nikkei 225 breaches 40,000 for the first time as its record-breaking rally continues The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Friday, Feb. 16, 2024. Kosuke…

Last week, the International Energy Agency reported that global oil demand growth is losing momentum, with demand growth clocking in at 1.4 mb/d in January, down from 2.8 mb/d in 3Q23 to 1.8 mb/d in 4Q23. According to the IEA, the…

For an extensive analysis of gold’s medium-term prospects, download our complimentary Q1 trading forecast now! Recommended by Diego Colman Get Your Free Gold Forecast Most Read: US Dollar Forecast: USD/JPY…

It is always a stockpicker’s market. You just have to pick the right stocks. If you picked the so-called Magnificent Seven last year—a group of highflying, mostly tech stocks that powered the S&P 500 index to a 24% gain—you looked in…

The state of California filed a lawsuit Saturday against major oil companies, claiming that their production of fossil fuels has contributed to climate change and natural disasters. The suit, which was filed in the Superior Court of…

The United Nations (UN) warned several major banks Friday that their financing of Saudi Aramco may constitute a violation of global human rights rules because of the company’s role in climate change, Financial Times reported. Human…

A tanker off the coast of Texas started unloading seized Iranian oil on Sunday after a months-long delay following bipartisan congressional backlash against the Biden administration, according to…