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Top Oil Price News

Turkey Economy · TurkeyTurkey's largest oil refineries are buying more non-Russian oil in response to the latest Western sanctions on Russia, two people with direct knowledge of the matter and several industry sources told Reuters. Turkey is a major buyer of Russian crude along with China and India. Turkish refiners are now taking similar steps to those in India, a sign of the impact of U.S., European Union and UK efforts to clamp down on Russian oil sales used to fund the war in Ukraine.See the Story
Turkey buys more non-Russian oil after latest Western sanctions: Report
49% Center coverage: 16 sources

Saudi AramcoDUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco reported Tuesday a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over concerns of too much oil being on the market. Aramco’s results serve as a bellwether for the wider oil industry, which is still digesting the OPEC+ decision this weekend to halt planned production increases in the first quarter of next year over supply w…See the Story
Saudi Aramco Reports $26.9B Profit in Third Quarter, Down Slightly over Lower Oil Prices
60% Center coverage: 10 sources

European Economy · HungaryU.S. energy giant ExxonMobil will not be able to continue doing business in the European Union if the bloc does not significantly loosen a sustainability law that could impose fines of 5% of global revenue, Chief Executive Darren Woods said on Monday.See the Story
ExxonMobil warns EU law could force exit from Europe
66% Center coverage: 6 sources