The Latest Breaking News from Oil

Windfall tax on energy firms will be removed if prices keep falling, says UK government

The tax was added when prices soared, but it could soon return to regular levels

Wales Online · Jun 9, 2023

Boris Johnson resigns as MP with immediate effect and says he is ‘bewildered and appalled’ at being ‘forced out’ – as it happened

Former prime minister to be suspended for 10 days and will not stand again in Uxbridge and South Ruislip

The Guardian - UK · Jun 9, 2023

America is going through an oil boom — and this time it's different

Business is pretty good in America's busiest oil patch. Prices are high enough to turn a profit and then some. But instead of going wild, producers have been aiming for something new: Discipline.

WEKU · Jun 9, 2023

Rochdale AFC fan group slam parking scheme plans that could 'stop people attending matches'

People living in the Spotland area have received a leaflet setting out a potential residents’ parking zone covering the streets surrounding the Crown Oil Arena.

Manchester Evening News · Jun 9, 2023

Methane reduction holds key to averting climate catastrophe

Halting known sources, such as leaky oilwells, could slash projected emissions by half by 2030

The Guardian - UK · Jun 9, 2023

Meddling claim sparks excise probe

The Excise Department has come under fire after it was claimed that one of its high-ranking officials attempted to persuade the police to release a truck which had been seized for carrying 15,000 litres of smuggled oil.

Bangkok Post · Jun 9, 2023

California jury returns $63M verdict after finding Chevron covered up toxic pit before selling land

A California jury has returned a $63 million verdict against Chevron after finding the oil giant covered up a toxic chemical pit and then sold the land to a man who built a house on it and was later diagnosed with a blood cancer

The Independent UK · Jun 8, 2023

Oceans need collaborative effort

As we mark the World Ocean Day 2023 this week, we should take a moment to consider the work that still needs to be done. From marine pollution and climate change to unsustainable practices and declining populations of endangered species, the challenges we face are immense. In the Arafura and…

Bangkok Post · Jun 8, 2023

Pierre Bonnard: the master of shimmering luminosity, who painted difficult paintings and yet made them lucid and accessible

Pierre Bonnard, unlike his older contemporary, Paul Gauguin, never visited Australia, yet Bonnard’s influence on Australian art is pervasive and profound.

The Conversation · Jun 8, 2023

Crude Prices Fall on Iran Media Reports and Global Energy Demand Concerns

July WTI crude oil (CLN23 ) on Thursday closed down -1.24 (-1.71%), and July RBOB gasoline (RBN23 ) closed down -2.85 (-1.08%). Crude oil and gasoline prices this morning gave up an early advance and posted moderate losses on reports that Iran and the U.S. have made progress in talks...

Barchart · Jun 8, 2023