US pursuing 3rd oil tanker near Venezuela, reports say
Digest more
Oil prices steadied on Wednesday, after gaining in the previous five sessions, supported by robust U.S. economic growth and the risk of supply disruptions from Venezuela and Russia.
There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US.
Gold and gold equities have outperformed significantly since 2022, but market leadership is now shifting toward the energy sector. Learn why increasing oil exposure is critical.
Oil prices were little changed on Tuesday as potential sales of Venezuelan crude seized by the United States were countered by heightened supply disruption fears after Ukrainian attacks on Russian vessels and piers.
Indian upstream stocks were among the cheapest globally. On FY28 estimated EV/Ebitda, ONGC and Oil India traded at 2.6 times and 2.9 times, respectively, compared with a global average of 4.2 times.
Crude futures pick up from early losses and add to yesterday’s gains as the U.S. steps up actions in the Caribbean to cut off Venezuela’s oil trade and increase pressure on the country’s strongman Nicolás Maduro.
Oil prices posted modest rises on Wednesday, extending gains from the previous session, supported by robust U.S. economic growth and the risk of supply disruptions from Venezuela and Russia.
Like so many Taylor Sheridan series, “Landman” examines a unique American subculture. In this case, it’s the oil drilling ecosystem that draws workers and billionaires alike to Texas. Series co-creator Christian Wallace is the man on set who keeps things realistic.
Feedback