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Why Modi won't budge on Russian oil
Narendra Modi strikes a defiant tone in response to Donald Trump's threats over India's Russian oil purchases. Here's why it's a delicate balancing act.
Oil major BP posts second-quarter profit beat despite annual drop
BP's second-quarter earnings come as the oil and gas company continues to try to rebuild investor confidence. The British energy company recently announced its largest oil and gas discovery in 25 years off the coast of Brazil.
Maurel & Prom's half-year core profit drops by 25% on lower oil prices
French oil group Maurel & Prom reported a 25% drop in its half-year core profit on Tuesday, hit by falling crude oil prices.
Saudi Aramco posts drop in quarterly revenues amid lower crude, oil products prices
Saudi Aramco said quarterly revenues were impacted by lower crude oil and oil products prices.
Oil News: OPEC+ Adds 547,000 bpd as Crude Falls Toward 50-Day MA at $64.90
Crude oil falls below $67.31 as OPEC boosts output by 547,000 bpd and Russia sanctions fuel a bearish oil outlook.
Trump's penalty threat puts India in a bind over Russian oil
Despite U.S. President Donald Trump telling reporters Friday that he "heard" India would halt purchases, officials in New Delhi have pushed back. New Delhi is likely to remain non-committal on oil purchases as it assesses the trade-offs of this "Russia option" as a bargaining chip, an analyst told CNBC.
Natural Gas and Oil Forecast: Will Russia Sanctions Trigger Another Oil Spike?
WTI crude drops as OPEC+ hikes output, but Russia sanctions risk new supply shock. Traders eye $66.56 support as bearish momentum builds.
Oil slips after OPEC+ agrees to hike output in September
Oil prices slipped in early Asian trade on Monday after OPEC+ agreed to another large production hike in September.
U.S. stock futures dip after Friday's drop; oil falls as OPEC+ extends output boost
U.S. stock-market futures declined Sunday, after Wall Street ended last week with its worst session since April.
Crude Oil Weekly Price Outlook – Crude Oil Shoots Higher for The Week
The crude oil market has had a strong week, as the President of the United States threatened Russia with further sanctions, as well as tariffs for countries that purchase Russian oil, kicking off potential supply concerns.
Kuwait Petroleum annual profit slips 5.8% on lower crude prices
State-owned Kuwait Petroleum Corporation posted a net profit of 1.366 billion dinars ($4.47 billion) for the fiscal year ended March 31, down 5.8% year-on-year according to Reuters calculations based on the company's latest annual report.
Natural Gas and Oil Forecast: Tariff Tensions Stir Volatility in Energy Markets
U.S. trade tariffs drive market jitters, fueling volatility in oil and gas prices as supply risks and demand fears compete for investor attention.
