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Lower oil prices are good for consumers — but a bad sign for the global economy
A significant drop in oil prices may offer consumers reason to celebrate, but it also hints at an economic slowdown in China, the world’s second largest economy.Business - MarketWatch - October 16 -
Treasury yields end at nearly 2-week lows as oil prices fall further and U.K. inflation dives
U.S. government debt rallied slightly on Wednesday, pushing yields broadly lower, as crude-oil futures slipped and the U.K.’s annual consumer-price index inflation rate dropped below the Bank of ...Business - MarketWatch - October 16 -
Oil prices down for 4th straight session as traders weigh supply and demand
Crude futures on Wednesday marked a fourth straight session of declines, with prices holding ground at their lowest in two weeks as traders focused on an uncertain demand outlook — particularly ...Business - MarketWatch - October 16 -
New York officials call for big oil to be prosecuted for fueling climate disasters
Oil majors’ conduct can constitute reckless endangerment due to fossil fuels’ effect on global heating, advocates claim. New York state prosecutors could press criminal charges against big oil ...World - The Guardian - October 17 -
Phillips 66 to close oil refinery after Newsom law
Phillips 66 announced Wednesday it will close its 650-acre oil refinery complex near the Port of Los Angeles by the fourth quarter of 2025, days after Gov. Gavin Newsom (D) signed a new law ...Politics - The Hill - October 17 -
Schlumberger’s stock slumps as falling oil prices turn customers cautious
Schlumberger’s stock slumps after revenue misses expectations amid “cautious spending” by some international customers as oil prices fell.Business - MarketWatch - October 18 -
Women footballers urge Fifa to end Saudi oil deal
More than 100 professional women's footballers sign an open letter urging Fifa to end a sponsorship deal with Saudi oil giant Aramco.Top stories - BBC News - October 21 -
Bipartisan House members call for tighter sanctions on oil field servicers in Russia
A bipartisan coalition of more than 50 congressional representatives called on the Biden administration to tighten sanctions on Russian oil and specifically address a major U.S. oil field ...Politics - The Hill - October 21 -
US oil industry wins reprieve to avert Gulf of Mexico shutdown
Court delays introduction of new protections for endangered species as activists bemoan ‘fear-mongering’Business - Financial Times - October 21 -
Oil scores back-to-back gains, but ‘bearish landscape’ remains
Oil futures scored a second straight session of gains on Tuesday to claw back some of steep losses suffered last week, with prices supported by some upbeat prospects for Chinese demand and ongoing ...Business - MarketWatch - October 22 -
Equinor's Key Profit Measure Lags Forecasts on Lower Oil Prices and Volumes
The Norwegian energy major reported a sharper-than-expected decline in underlying profit for the third quarter as a drop in oil prices and sales volumes offset resilient gas production.Business - The Wall Street Journal - October 24 -
Oil prices finish higher for the week as Middle East worries linger
Oil futures climbed Friday, contributing to a gain for the week, with lingering worries over the potential for a wider Middle East conflict helping to put a floor under crude prices.Business - MarketWatch - October 25 -
Israel’s attack on Iran spares oil, nuclear facilities and probably markets too
Israel launched air strikes against military targets in Iran on Saturday in its long anticipated retaliation for an Iranian missile attack on October 1st, but avoided hitting energy infrastructure ...Business - MarketWatch - October 26 -
G7 vows to clamp down on Russia’s oil sanctions evasion
Group commits to unspecified measures to enforce price cap on Russian exports in response to Ukraine war. Finance ministers of the G7 nations vowed on Saturday to step up efforts to prevent Russia ...World - The Guardian - October 26 -
Hungary’s largest oil group attacks western ‘hypocrisy’ over Russian energy
Mol’s links to Moscow have come under scrutiny after Spain’s veto of Hungarian consortium’s bid for train maker TalgoWorld - Financial Times - October 27 -
World's most indebted oil firm is headache for new Mexico leader
Claudia Sheinbaum inherits a buoyant manufacturing sector, but also a troubled state-owned oil firm.Top stories - BBC News - October 28 -
Oil tumbles after Israel refrains from attacking Iran’s refining facilities
Brent crude drops more than 6% as Tehran gives measured response to strikesWorld - Financial Times - October 28 -
Nigeria’s president summons Aliko Dangote over supplies to new oil refinery
Meeting on Tuesday is needed to release more crude for refinery, says industrialistWorld - Financial Times - October 29 -
Petrol and food prices will fall thanks to oil glut, says World Bank
Downward trend in oil price from higher production, falling demand in China and clean energy to continue. Business live – latest updates Petrol and food prices will fall over the next two ...World - The Guardian - October 29 -
U.S. crude oil edges lower after worst day in two years
Goldman expects Brent prices to recover to $77 per barrel in the fourth quarter.Business - CNBC - October 29 -
What the presidential election means for gold, oil, natural gas and other commodities
The U.S. election outcome isn’t likely to have a big impact on commodities such as energy, metals and grains in the short run, but oil and natural gas could be influenced in the years to come by ...Business - MarketWatch - October 31 -
China's Top Oil Companies Turn in Mixed Results Amid Weak Demand
State-controlled producer PetroChina posted lower profit and revenue, rounding out mixed results for the country’s big three oil companies.Business - The Wall Street Journal - October 29 -
OMV Misses Views as Weak Refining, Oil Trading Hit Results
The energy company’s third-quarter profit tumbled and missed expectations on lower refining margins and sales volumes from its oil-and-gas unit.Business - The Wall Street Journal - October 29