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LATEST OIL HEADLINES
OIL & GAS STOCKS TO WATCH
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7:33
Oil climbs as global refining crunch drives record fuel costs
Oil climbed as a global squeeze on refined products continued to pull fuel prices higher with Russian diesel exports falling sharply.
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7:54
Oil ekes out gain as fuel supplies shrink, EU weighs Russia ban
Oil managed a slim gain with the IEA highlighting the precariously tight state of global fuel stockpiles, while the EU signalled its members may not yet be able to agree on a Russian oil ban.
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3:05
Third-party financing secured for Trans Mountain pipeline construction
The Trans Mountain pipeline expansion project has secured up to $10 billion in private-sector financing, but it comes with a loan guarantee provided by the Canadian government. BNN Bloomberg's Tara Weber reports.
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7:33
Russia 'Playing Games' With Gas Supply: Naftogaz CEO
Naftogaz CEO Yuriy Vitrenko says a resolution to the clash between Russia and Ukraine over natural gas sent via pipelines to Europe is in Russia's hands. He speaks with Alix Steel and Guy Johnson on "Bloomberg Markets: European Close."
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7:43
The upward arc in U.S. oil production is here to stay: Commodity Research Group
Andrew Lebow, senior partner at Commodity Research Group, breaks down U.S. oil inventories data. He says the U.S. SPR release caused a rebound in U.S. oil stockpiles and the upturn in U.S. oil output will last for the rest of the year. He added that the gasoline market is starting to show signs of tightness like diesel, and gas prices will likely climb even higher as we approach Memorial Day weekend
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3:36
Risk Assets, Yen's Prospects, Commodities: 3-Minute MLIV
Mark Cudmore and Anna Edwards break down today's key themes for analysts and investors on "Bloomberg Markets Europe."
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6:52
Oil halts slide as fuel stocks plunge ahead of driving season
Oil rallied as the European Union continued to haggle with holdouts over a Russian crude ban while a US government report showed fuel inventories plunging ahead of the summer driving season.
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5:59
Oil sheds almost 10% in two days to drop below US$100 a barrel
Oil continued its retreat into a second session as galloping US inflation fueled concerns it would force moves that risk pushing the economy into a recession.
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2:08
G-7 Leaders Commit to Banning Imports of Oil From Russia
Leaders of the Group of Seven countries pledged to ban the import of Russian oil in response to President Vladimir Putin's war in Ukraine. The heads of the leading economies made the commitment after holding a video call with Ukraine President Volodymyr Zelenskiy on Sunday. Tony Czuczka reports on "Bloomberg Daybreak: Australia."
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5:59
Oil suffers biggest blow since March amid stock market rout
Oil crumpled under the weight of a broader market selloff as the European Union softened some of its proposed sanctions on Russian crude to appease potential holdouts.