The Latest Breaking News from Oil

WTI Crude Enters Bear Market: Is It Time For Value-Contrarian Investors To Jump Into Cheap US Oil Stocks?

WTI crude oil fell below $76 a barrel, breaking through its 200-day moving average, which had served as a strong support level

Zenger · Nov 9, 2023

Offering oil and gas licences every year distracts from the challenge of winding down UK North Sea

New areas for oil and gas development on the UK’s North Sea continental shelf are to be made available through annual licensing rounds subject to net zero tests. These proposals by the UK government, outlined in the 2023 king’s speech to parliament, fly in the face of recommendations by the…

The Conversation · Nov 9, 2023

A TotalEnergies pipeline project in East Africa is disturbing community graves, watchdog says

A New York-based climate watchdog says the French oil company TotalEnergies is failing to protect the sanctity of hundreds of graves in a controversial project that aims to build a heated pipeline from oil fields in Uganda to a port in Tanzania

The Independent UK · Nov 9, 2023

Lloyd’s of London insurers dominate underwriting of fossil fuel projects, study shows

Annual ‘scorecard’ of major firms insuring oil, gas and coal projects puts household names Allianz, Axa, AIG and Aegis in Top 10

The Guardian - UK · Nov 9, 2023

Ashley Benson reportedly marries oil heir Brandon Davis as she appears to confirm pregnancy

Benson and Davis announced their engagement in July 2023

The Independent UK · Nov 8, 2023

Another large earthquake shows seismic activity continues to increase in West Texas, experts say

The 5.2 magnitude earthquake is tied for the fourth strongest in Texas history. It occurred in an area where oilfield companies have long been injecting wastewater from fracking underground.

The Texas Tribune · Nov 8, 2023

Crude Prices Retreat on Energy Demand Concerns

December WTI crude oil (CLZ23 ) on Wednesday closed down -2.04 (-2.64%), and Dec RBOB gasoline (RBZ23 ) closed down -0.0392 (-1.81%). Crude oil and gasoline prices Wednesday extended Tuesday's sharp losses, with crude falling to a 3-1/2 month low and gasoline dropping to a 10-1/2 month low. A weaker...

Barchart · Nov 8, 2023

Weakness in Crude Oil Weighs on Sugar Prices

March NY world sugar #11 (SBH24 ) on Wednesday closed -0.38 (-1.38%), and Dec London ICE white sugar #5 (SWZ23) closed -3.40 (-0.45%). Sugar prices Wednesday closed moderately lower and were under pressure from a slump in crude oil prices. On Wednesday, WTI crude (CLZ23 ) fell more than -2%...

Barchart · Nov 8, 2023

Fossil fuel industry blocks climate goal

Huge legal, political, and economic obstacles stand in the way of limiting global temperature rise to 1.5 C

Salon · Nov 8, 2023

Oil and gas ‘not the problem’ for climate, says UK’s net zero minister

Campaigners call Graham Stuart’s comments ‘laughable’ and say Conservatives are weaponising climate action

The Guardian - UK · Nov 8, 2023