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Energy Stocks Sink as Oil Prices Edge Lower
Shares of Diamondback Energy tumbled 9.2%, to $192.13, while shares of EOG Resources were down 5.6%, to $145.20. Devon Energy's stock slipped 4.5%, to $49.04, and ExxonMobil's stock was off 3.1%, to $164.15. Chevron's stock fell 2.6%, to $212.06…
India warns U.S. new tariffs to deter buyers of Russian oil could impact ties
India said Thursday that it remained firmly committed to ensuring energy security for its people and will continue to source supplies from diverse sellers based on market dynamics, hours after the U.S. made a new move to punish such buyers. New…
US prepares 100% tariffs for countries importing Russian oil
The US house of representatives on Wednesday passed a major sanctions and tariff bill to intensify economic pressure on Russia over its invasion of Ukraine, allowing the Donald Trump administration to impose strict tariffs of up to 100 per cent on…
Harold Hamm's oil company announces Venezuela deal
Trump donor Harold Hamm's oil company Continental Resources announced a deal Wednesday to drill in Venezuela. © Ariana Cubillos, Associated Press Trump donor Harold Hamm's oil company Continental Resources announced a deal Wednesday to drill…
Stocks rally as oil price fall provides relief
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Stocks in London rallied on Wednesday despite news of…
How escalating Saudi oil crisis could drive up prices everywhere
Ben Chu Policy and analysis correspondent, BBC Verify Global energy prices have spiked alarmingly again, driven largely in recent days by the escalating conflict between Yemen's Houthis and Saudi Arabia causing chaos for the oil industry. Petrol…
How escalating Saudi oil crisis could drive up prices everywhere
Global energy prices have spiked alarmingly again, driven largely in recent days by the escalating conflict between Yemen's Houthis and Saudi Arabia causing chaos for the oil industry. Petrol and diesel costs have risen rapidly in most countries…
Houthi attacks are driving up oil prices. For Yemenis in the crossfire, the toll is far greater
As Houthi rebels closed in, Eshraq Abdel Gelil and her husband fled their home, walking through the mountains before catching a ride to a nearby city. Four months pregnant, she feared another miscarriage. They are among more than 125,000 people who…
India faces 100% tariff threat over Russian oil after US House vote
For four years, India, one of the world's biggest oil importers, has turned Russia's war-driven disruption of global oil markets to its advantage. Russian crude, displaced from western markets after the invasion of Ukraine, has flowed instead to…
Energy disruptions set off alarm bells over rising oil and gas prices
Tom Kloza, the chief energy adviser for Gulf Oil, warned of “staggering” changes coming to prices this week, saying the Great Lakes and Rocky Mountain states in particular should expect to see “huge increases.” Diesel…
How an oil pipeline attack 7,500 miles away surges your pump prices
A suspected Iran-aligned Iraqi militia attack against Saudi Arabia 's East-West pipeline has cut into a crucial oil artery serving as a bypass for disrupted Strait of Hormuz traffic in yet another challenge to the global energy order. That's not…
Trump donor Harold Hamm's oil company announces Venezuela deal
Trump donor Harold Hamm's oil company Continental Resources announced a deal Wednesday to drill in Venezuela. Continental signed a memorandum of understanding with Venezuela's state-run oil company that would allow it to operate in a 126,000…
Thursday briefing: Yemen's war continues to threaten oil supplies- but what about its people?
Good morning. The lightning advance of Houthi militants along the west coast of Yemen over the past week has prompted fears of a spiralling conflict in the region and a new oil supply crisis. For families living in the Middle East's poorest…
Oil Falls Amid Hopes to Contain Mideast Crude Supply Disruption
0042 GMT — Oil is lower in early Asian trade. The softer prices likely reflect optimism about taming the effect of the deep disruption to Middle East crude-oil exports, says XS.com's Samer Hasn in a note, citing reports of Saudi Arabia…
The Strait Of Hormuz And What Comes Next: Oil Market Outlook
A third of global crude flows through the Strait of Hormuz - even the largest reserve release in history barely dented the gap when it closed. Asia's demand didn't vanish, it paused: Refiners are ramping back up and about to compete for barrels in…
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