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The Latest Breaking News from Oil

OPEC secretary-general is dead, Nigerian officials announce

Nigerian authorities have announced that the Secretary-General of the Organization of Petroleum Exporting Countries has died

The Independent UK

Opec secretary-general dies 'unexpectedly'

Organization of the Petroleum Exporting Countries (Opec) secretary-general Mohammad Barkindo, an oil industry veteran who steered the group through the creation of the Opec+ alliance, has died in his native Nigeria, according to officials.

Bangkok Post

Oil steadies near $100 after plunging on recession concerns

Oil steadied near $100 a barrel as banks including Goldman Sachs Group Inc. said a plunge driven by fears a recession will hurt demand was overdone, and the outlook for energy consumption in China improved.

The Times of India

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Asian benchmarks mostly lower after tepid Wall St session

Asian shares are mostly lower after tepid trading on Wall Street amid worries about a global recession

The Independent UK

WNBA | Brittney Griner’s plea for help from Russia ‘very personal’ to Biden: White House

American basketball star Brittney Griner, who was arrested on February 17 on charges of possessing cannabis oil, had written to U. S. President Joe Biden pleading for help. The White House has confirmed he has read it

The Hindu

Oil Prices Bounce Back from Tuesday Tumble as Supply Concerns Return

Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger. Brent crude futures rose as much…

Asharq Al-Awsat

Domestic LPG price increased by ₹50 a cylinder

Compared to the price a year ago, the increase for households in Delhi is over ₹218 per cylinder

The Hindu

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Requiring recipients to use mobile apps might hamper efforts to distribute much-needed subsidised goods

App-based monitoring of subsidised cooking oil and fuel distribution may deny access to intended recipients coming from low-income families.

The Conversation

Climate protesters in England glued themselves to a copy of 'The Last Supper'

Activists from the same group have glued themselves to other paintings at U.K. art galleries in recent days, calling on the government to end all new oil and gas licenses.

WEKU

Arrernte band hopes Indigenous language cover of Midnight Oil song becomes NAIDOC anthem

The Northern Territory band have released a video of their rendition of the 1987 hit Beds are Burning, which includes subtitles so people can learn the words. It also features some subtle changes to the lyrics that call out the ongoing effects of colonisation on First Nations people.

ABC News

Govt mulls ways to keep State Oil Fund from sinking

The Energy Ministry is considering ways to boost the State Oil Fund, which is more than 100 billion baht in debt, a well-placed source revealed on Tuesday.

Bangkok Post

Oil prices sink on 'fear of recession', ASX struggles as Australian dollar hits two-year low

The Australian share market falls in afternoon trade as European stocks tumble on recession fears, while the Australian dollar sinks to a two-year low and oil prices plunge by more than 9 per cent.

ABC News

Green hydrogen revolution on way

Human-induced climate change is causing dangerous and widespread environmental disruption and affecting the lives of billions of people around the world. According to the Intergovernmental Panel on Climate Change, the world faces unavoidable climate hazards over the next two decades. But, with average annual global greenhouse-gas emissions reaching their highest…

Bangkok Post

J.P. Morgan Likes These 2 High-Yield Stocks - Which One is a Better Buy?

Investors’ concerns over the slowing economic growth, the Fed’s rate hikes, and the rising inflation have induced heightened volatility in the market. J.P. Morgan analysts have picked high-yield dividend payers Magellan Midstream (MMP) and OneMain (OMF) for investors’ to consider to ensure a stable income stream. But which of these…

StockNews.com

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Benzinga

Here's Why Canadian Natural Resources Shares Are Falling Sharply Today

Canadian Natural Resources Ltd (NYSE: CNQ) shares are trading lower by 8.51% to $50.11 Tuesday afternoon. Shares of energy companies are trading lower amid a drop in oil prices as investors assess recession concerns. Concerns of an economic slowdown have pressured the demand outlook.

Benzinga

So What's Going On With Schlumberger Shares Nosediving Today?

Schlumberger NV (NYSE: SLB) shares are trading lower by 7.80% to $32.87 Tuesday afternoon. Shares of energy companies are trading lower amid a drop in oil prices as investors assess recession concerns. Concerns of an economic slowdown have pressured the demand outlook.

Benzinga

Why Hess Shares Are Getting Hammered Today

Hess Corp. (NYSE: HES) shares are trading lower by 8.41% to $96.47 Tuesday afternoon. Shares of energy companies are trading lower amid a drop in oil prices as investors assess recession concerns. Concerns of an economic slowdown have pressured the demand outlook.

Benzinga

PreMarket Prep: Charting Citigroup's Bearish Call On Crude Oil

A big bank made a big call Tuesday on the price direction of crude oil, and market participants are acting on it in a big way in the trading session. The Call: On Tuesday morning, Citigroup issued a dire warning to owners of crude oil futures and related products, which also…

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Benzinga

Why Shell Shares Are Getting Hammered Today

Shell PLC (NYSE: SHEL) shares are trading lower by 7.03% to $48.25 Tuesday afternoon. Shares of energy companies are trading lower amid a drop in oil prices as investors assess recession concerns. Concerns of an economic slowdown have pressured the demand outlook.

Benzinga

Gas Prices Haven't Fallen This Fast Since COVID; Why Oil May Plummet To $65 Per Barrel This Year

Tuesday’s decline in oil prices comes as analysts consider the impact of a potential global recession on demand.

The Guardian - UK

Just Stop Oil campaigners glue themselves to Da Vinci copy in Royal Academy

Protesters from the coalition have staged disruptions at major British museums five times in the past week

Axios

Biden's Russian oil plan aims to prevent an economic catastrophe

There is risk that the novel price cap strategy will backfire.

The Hindu

BMTC explores feasibility of setting up fuel stations at its depots

Business module being discussed with oil companies as a long term measure to address issues of purchase of fuel

Roll Call

New Interior offshore drilling plan draws mixed reviews - Roll Call

The administration’s latest offshore oil and gas drilling plan drew swift pushback from environmentalists and Democratic allies in Congress.

Benzinga

Why Dow Is Down Around 600 Points; Crude Oil Tumbles Over 8%

U.S. stocks traded lower midway through trading, after all the major indices closed another losing week.

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