The Latest Breaking News from Oil

3 Energy Stocks Poised for Growth

The energy sector is well-positioned to witness significant growth this year due to the oil price tailwinds from supply cuts. Given this backdrop, quality energy stocks Weatherford International (WFRD), Euronav (EURN), and North European Oil Royalty Trust (NRT), which look poised for growth, could be wise portfolio additions now. Read…

StockNews.com · Jun 5, 2023

I tried Aldi's £4 dupe of the £32 Dior lip oil and my lips looked 'smooth and glossy'

The lip oil is specially formulated with Vitamin E

Liverpool Echo · Jun 5, 2023

North Sea oil and gas ban: should Starmer U-turn on Labour pledge?

Keir Starmer has triggered an escalating row among Labour members and backers by pledging to block new domestic oil and gas developments in the North Sea in favour of investment in renewable sources. 

The Week · Jun 5, 2023

Keir Starmer insists North Sea oil and gas will be used 'for many years' following union backlash

GMB boss Gary Smith warned Labour would lose seats over a “stupid” and “catastrophic” ban on new North Sea oil developments.

Daily Record · Jun 5, 2023

COP28 official sees oil and gas companies playing key role at U.N. climate summit

Major emitters, including fossil fuel companies, should be brought into the U.N. climate summit fold, senior UAE official says.

Axios · Jun 5, 2023

Explainer-Blood, treasure and chaos: the cost of Russia's war in Ukraine

Russia's 2022 invasion of Ukraine has left tens of thousands of dead, displaced millions and sown economic turmoil across the world.

Reuters · Jun 5, 2023

Brent crude price rises after Saudi Arabia agrees to cut oil output

Price gained more than 2% on Monday morning to touch one-month high of $78.73

The Guardian - UK · Jun 5, 2023

Oil, health care, Texas are winners on this year's Fortune 500

Oil company ExxonMobil surpassed Apple to hit No. 3 on this year's ranking of the largest U.S. companies by revenue.

Fortune · Jun 5, 2023

Fossil fuels got a boost from lawmakers aiming to fix Texas’ grid, while renewable energy escaped stricter regulations

The bills will give owners of natural gas power plants incentives to build more capacity, but they don’t go as far as originally proposed to change how electricity is created and sold in the Texas market.

The Texas Tribune · Jun 5, 2023

Stock Index Futures Mixed on Pressure from Rising Bond Yields, Oil Prices Rise After Saudi Output Cuts

June S&P 500 futures (ESM23) are up +0.01%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.25% this morning as market participants digested the U.S. debt ceiling agreement, while U.S. Treasury yields climbed following a robust May jobs report.

Barchart · Jun 5, 2023