Putin gas cut-off will send European oil demand soaring – live updates

Putin – REUTERS/Maxim Shemetov Oil giants including Saudi Arabia will be boosted by a rise in European oil demand as Vladimir Putin shuts off the continent’s gas taps, experts have…

Oil major BP earnings Q2 2022

A BP gas station in Madrid, Spain. Sopa Images | Lightrocket | Getty Images LONDON — U.K. oil giant BP on Tuesday raised its dividend and boosted share buybacks after…

3 Reasons Why Big Oil Is A Buy After A Punishing Pullback

Previously a sell, the recent big drop in crude has made Big Oil a buy. How to position to profit from continued consolidation in XOM stock. shutterstock.com – StockNews A…

Joe Biden reportedly sent 5 million barrels of oil to Europe and Asia in June even as US prices hit record highs — here are the 2 energy stocks that could gain the most

Joe Biden reportedly sent 5 million barrels of oil to Europe and Asia in June even as US prices hit record highs — here are the 2 energy stocks that…

Russia’s Crude Oil Shipments to Crucial Asian Markets Falter

(Bloomberg) — Russia’s seaborne crude exports in the seven days to July 1 rebounded from the previous week’s plunge, but shipments to Asia are slipping, even as flows are diverted…

Iran Slashes Cost of Its Oil to Compete With Russia in China

(Bloomberg) — Iran is being forced to discount its already cheap crude even more as a top ally gains a bigger foothold in the key Chinese market. Most Read from…

Russia faces oil price cap in fresh blow to Kremlin

G7 Russia oil ban Putin energy sanctions Ukraine inflation – AP Photo/Martin Meissner, File The G7 is drawing up plans to punish Vladimir Putin with a cap on the price…

Saudi Arabian Stocks Tumble as Oil, Rates Roil Mideast Equities

(Bloomberg) — Most Read from Bloomberg Saudi Arabian shares closed at the lowest level in about six months, leading declines in Middle East markets, following the global sell-off last week…

Saudis Raise Oil Prices More Than Expected Amid Asia Rebound

(Bloomberg) — Most Read from Bloomberg Saudi Arabia raised oil prices for its biggest market of Asia by more than expected as the region’s main economies ease coronavirus restrictions, helping…

Stocks Seen Steady Amid Inflation Woes; Oil Jumps: Markets Wrap

(Bloomberg) — Stocks in Asia are poised to open steady Tuesday as investors remain cautious about whether central banks can raise interest rates to rein in inflation without derailing growth.…