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Oil prices, Fed
Oil prices rise after US interest rate cut
Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but Brent was still hovering around its lowest levels of the year, below $75, on expectations of weaker global demand.
Oil futures trim losses after fall in U.S. crude inventories
Oil futures trimmed losses Wednesday, after government data showed U.S. crude inventories fell last week and traders awaited a Federal Reserve decision that’s fully expected to deliver a rate cut.
Crude oil prices today: WTI is trading at $69.67
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors related to U.S. and international supply and demand conditions. For example, the Brent/WTI spread hit nearly $14/bbl in April 2011 when protests sparked market fears of significant oil supply disruptions in the Middle East.
India will still buy cheap Russian oil
India Won’t Buy Russian LNG Sanctioned by the US, Oil Minister Says
India won’t buy liquefied natural gas from a project in Russia that is sanctioned by the US, Oil Minister Hardeep Puri said.
India plans to keep buying cheap Russian oil, oil minister says
India is prepared to keep buying oil from Russian companies that are allowed to make such sales, since prices are cheap, oil minister Hardeep Singh Puri said on Tuesday. Western sanctions on Russia over its war with Ukraine have capped the price Russia can charge for its crude oil,
India will still buy cheap Russian oil despite sanctions
India is ready to continue purchasing relatively cheap oil from Russian companies authorised to do so, with the Asian nation ready to simply buy from the cheapest seller. During an interview with a US media organisation at Houston’s GasTech conference,
10h
on MSN
Indian refiners jointly negotiating for 2025 Russian oil supplies, govt source says
Indian refiners are jointly negotiating to purchase Russian oil for next year, a government source said on Thursday, with ...
13h
2 No-Brainer High-Yield Oil Stocks to Buy With $500 Right Now
Oil prices have been weak of late, leaving energy stocks on the defensive. There are two that deserve a closer look just the ...
14h
Emissions Dip in Canada as Power Sector Cuts Offset Oil’s Gains
Canada’s emissions likely declined slightly in 2023 as the electricity sector continued to decarbonize, helping offset ...
3h
on MSN
“Landman” cast, co-creator tease 'frontier justice' in Taylor Sheridan oil drama: 'It's the Wild West'
Billy Bob Thornton says his character's "sense of justice" and "dark side" will both be explored in the series.
2d
50 Cent trolls Diddy and his 1,000 bottles of lube and baby oil found in federal raid
Cent took a shot at Sean “Diddy” Combs after his longtime rival was arrested on sex trafficking and racketeering charges ...
13h
Indonesia Amends Palm Oil Levy Regulation to Increase Exports
Indonesia’s Finance Ministry issued new regulations to revise the palm oil export levies, in a bid to boost shipments of the ...
1d
on MSN
Satellite images show the difficult mission to save a stricken oil tanker in the Red Sea
The Houthis attacked the MV Sounion multiple times in August, leaving the oil tanker stranded in the Red Sea.
knowyourmeme
10h
Diddy's 1,000 Bottles Of Baby Oil
Diddy's 1,000 Bottles of Baby Oil, also known as P. Diddy Baby Oil Memes, refers to a viral piece of information from Sean ...
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