The Latest Breaking News from Oil

The message from Ecuador is clear: people will vote to keep oil in the ground

People were overwhelmingly in favour of stopping oil drilling in Yasuní national park. Can this success be replicated elsewhere in the world, asks the Guardian’s global environment editor, Jonathan Watts

The Guardian - UK · Aug 24, 2023

Petroleum asphalt remains in Yellowstone River, even after cleanup from train derailment

Two months after a railroad bridge collapse sent carloads of hazardous oil products plunging into Montana’s Yellowstone River, the cleanup workers are gone and a mess remains

The Independent UK · Aug 24, 2023

Oil production boosts government income in New Mexico, as legislators build savings 'bridge'

Record-breaking oil production in New Mexico is likely to provide state government with a new multibillion-dollar surplus during the upcoming budget year

The Independent UK · Aug 24, 2023

Ministers accused of ‘environmental crime’ over South Downs oil drilling

UK Oil and Gas says work is to resume at Avington site in national park after decision from Planning Inspectorate

The Guardian - UK · Aug 23, 2023

No, this video doesn’t show Russian ballistic missiles in Niger

A video reported to show trucks transporting Russian ballistic missiles in Niger has been widely circulating amongst West African Facebook and TikTok users since August 11. It turns out, however, that the video was filmed in the Republic of the Congo, not Niger, and shows trucks transporting storage tanks.

France 24 · Aug 23, 2023

Turkey wants Iraq to designate PKK a ‘terrorist’ organisation: Top diplomat

Turkey says PKK is a threat to Iraqi security, ignoring Baghdad’s complaints about Ankara’s air attacks on Iraqi soil.

Al Jazeera · Aug 23, 2023

Qualified Opportunity Zones With an Energy Boost

The energy sector, where investors can combine qualified opportunity fund perks with oil and gas direct investment tax benefits, is one of the more appealing and lesser-understood QOZ offerings available.

Kiplinger · Aug 23, 2023

As oil activities encroach on sacred natural sites, a small Ugandan community feels besieged

Bagungu people who farm and worship in an oil-rich, remote region in Uganda are worried about the future of their sacred natural sites

The Independent UK · Aug 23, 2023

US tightens some offshore oil rig safety rules that had been loosened under Trump

The Biden administration has tightened offshore oil drilling safety regulations, including rules regarding the use of “blowout preventer” devices on offshore oil and gas drilling rigs

The Independent UK · Aug 22, 2023

Crude Closes Lower on Increased Iranian Crude Exports

September WTI crude oil (CLU23 ) on Tuesday closed down -0.37 (-0.46%), and Sep RBOB gasoline (RBU23 ) closed up +1.65 (+0.60%). Crude oil and gasoline prices Tuesday settled mixed. Bearish factors included a stronger dollar and an increase in Iranian crude exports. In addition, weakness in China's economy, the...

Barchart · Aug 22, 2023