INSANE: Oil news topic - The Real Truth

Oil: Production in Peru Continues to Fall as Sector Is Left Out of Legislative Powers Bill

Peru's oil output hit 39,444 bpd in September amid a 15-year exploration drought — and over 1 million U.S.-based Peruvians are absorbing the economic fallout.

Latin Times · 11m ago

Global Market Today: Asian stocks drop on tech jitters, oil edges lower

The MSCI Asia Pacific equities index edged 0.1% lower early Friday. Japan’s Nikkei fell over 1%, with Softbank Group Corp. declining more than 5%. The regional moves came after the Nasdaq 100 Index sank 1.4%, its worst day in seven weeks, while a US gauge of chipmakers slumped 3.4%. The…

The Economic Times · 35m ago

Pre-market action: Here's the trade setup for today's session

Benchmark indices encountered significant pressure as both US bond yields and crude oil prices climbed above $104 per barrel. Foreign portfolio investors sold equities amounting to Rs 12,943 crore while domestic investors acquired Rs 10,703 crore in shares. Analysts express concerns that potential breaches of support levels might lead to…

The Economic Times · 53m ago

How High Can Heating Oil and Distillate Prices Rise?

Oil and oil products have rallied as the conflict in the Middle East has escalated and expanded. Heating oil is a proxy for distillates, including jet and diesel fuels. At the most recent high of over $5 per gallon wholesale, NYMEX heating futures remain below the 2022 all-time high but…

Barchart · 6h ago

Nicolás Maduro and his wife indicted for alleged torture of US citizens

Ousted Venezuelan president and Cilia Flores have been in jail in New York since early January

The Guardian - US · 7h ago

How Venezuela's Simultaneous Refinery Explosion and Blackout Crisis Are Testing the U.S. Oil Deal

A gas line explosion shut Venezuela's Cardón refinery as nationwide blackouts spark 4,000+ protests — putting the U.S. oil deal to its first test.

Latin Times · 7h ago

Houthi Ballistic Missile Hits Riyadh's Airport for the Second Time in Days: What It Means for Saudi Aviation

A Houthi ballistic missile struck Riyadh's King Khalid Airport, killing one and wounding eight in a widening campaign targeting Saudi aviation and oil infrastructure.

Latin Times · 7h ago

US imposes sanctions targeting 17 vessels of Iran 'shadow fleet'

The United States has imposed sanctions on Iran's shadow fleet of tankers transporting oil. These sanctions target 17 vessels linked to the Iranian economy's petroleum sector. The move aims to reduce funding for Tehran's regional operations amid ongoing tensions. Treasury Secretary Scott Bessent emphasized the sanctions' importance in countering Iranian…

The Economic Times · 8h ago

Cotton Posting Modest Midday Gains on Thursday

Cotton futures are trading with contracts 15 to 18 points higher at midday. Crude oil is up $3.01 per barrel on the session, with the US dollar index $0.102 higher. USDA’s Export Sales report showed 165,070 RB of cotton sales in the week ending in October 1, which was down...

Barchart · 8h ago

Soybeans Correcting Lower on Thursday Ahead of Friday USDA Report

Soybeans are posting 9 to 10 cent losses in the front months on Thursday. The cmdtyView national average Cash Bean price is down 9 1/4 cents at $12.31 3/4. Soymeal futures are back down $3 to $8.30 at midday, with Soy Oil futures 25 to 32 points higher. Weekly Export...

Barchart · 8h ago