What is driving oil prices lower today? Saudi shipments ease supply fears as Brent stays above $100
Oil prices fell on Thursday, extending the losses seen in the previous session. The decline came after reports that Saudi Arabia was arranging additional crude shipments through Oman, easing some fears about a shortage of oil. However, oil prices…
Argentine judge orders suspension of Falklands oil project
An Argentine judge on Wednesday ordered the suspension of a British-Israeli oil project near the Falkland Islands, a purely symbolic move as Argentina escalates its claim over the British-administered territory. Argentine judge orders suspension of…
Why are oil prices falling today despite Middle East supply risks? Fed, strong dollar and US stocks weigh
Oil prices moved lower on Wednesday even as Middle East supply risks remained high. Brent crude futures fell 1.1% to $107.55 a barrel. West Texas Intermediate (WTI) crude fell 1.6% to $104.11 a barrel. Despite Wednesday’s fall, both oil benchmarks…
US 10-year Treasury yield hits 5%: Will oil prices and Fed rate decision push yields even higher?
The yield on the US 10-year Treasury note climbed to 5.02% on Tuesday, rising as much as 4 basis points. This is the highest level since 2007, meaning the yield has reached a level not seen in almost two decades. US 10-year Treasury yield rises above 5%…
Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping
* Baghdad dismisses military commander after confirming pipeline attack originated from Iraq Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping * Saudi Arabia says it shut down East-West pipeline as a precaution after multiple…
Saudis shut down oil pipeline as Houthis tighten grip
By Mohammed Ghobari, Eman Abouhassira and Yasmine Ghania Saudis shut down oil pipeline as Houthis tighten grip ADEN/DUBAI, Sept 12 – Saudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the…
Argentina launches legal action against oil firms for Falklands drilling
Argentina said Tuesday it had filed a criminal complaint against the Israeli firm Navitas for drilling for oil off the Falkland Islands without its authorization, escalating a new standoff over the disputed territory. Argentina launches legal action…
The Venezuelan billionaire the US investigated for money laundering now has a Pentagon oil deal
By Sarah Kinosian, Marianna Parraga and Gram Slattery The Venezuelan billionaire the US investigated for money laundering now has a Pentagon oil deal CARACAS/MIAMI, Sept 5 – The billionaire who helped broker the Trump administration’s sweeping…
Argentina threatens to sanction oil projects around Falklands
Argentina has announced that it will investigate and sanction oil companies working near the Falkland Islands without authorization, after President Javier Milei said the “winds of change” favor his country’s claim to the archipelago.…
Billionaire heiress Isabel Getty, great-granddaughter of oil tycoon J. Paul Getty, marries British financier Faris McKinnon in intimate London wedding, newlyweds make grand exit in vintage Rolls-Royce
​Isabel Getty, great-granddaughter of J. Paul Getty, begins a new chapter with British financier Faris McKinnon. (Photo: Instagram) Isabel Getty, the 32-year-old great-granddaughter of oil tycoon J. Paul Getty, has married British financier Faris…