The Latest Breaking News from Oil

Why are Olive Oil Prices Surging?

Olive oil is a key ingredient in the diet of the long-lived Mediterranean people and more recently, the rest of the world. Sadly, the latest olive harvest season has the lowest crop yields in 26 years. Why?

Barchart · May 31, 2023

Crude Prices Fall on Chinese Energy Demand Concerns

July WTI crude oil (CLN23) on Tuesday closed down -0.79 (-1.14%), and July RBOB gasoline (RBN23) is down -2.14 (-0.86%). July Nymex natural gas (NGN23) is down -0.015 (-0.64%). Crude oil and gasoline prices this morning extended Tuesday's losses, with crude posting a 3-1/2 week low and gasoline dropping to...

Barchart · May 31, 2023

Labour backer to match donations to Just Stop Oil after Tory criticism

Dale Vince pledges to match amount given by public over next 48 hours after Tories target his Labour links

The Guardian - UK · May 31, 2023

Labour’s oil and gas ban shows it’s ready to fight the next election on climate issues

While the Tories’ dire record on green issues gets worse by the day, Keir Starmer’s pledges show an impressive commitment, says Bill McGuire of UCL

The Guardian - UK · May 31, 2023

Labour donor Dale Vince vows to double money given to Just Stop Oil for 48 hours

The tweet comes amid controversy in the party over money received from Mr Vince, who is also a key donor to Just Stop Oil.

The Independent UK · May 31, 2023

I got rich in Russia and got out in time, twice. Here’s what I learned about democracy and free markets

Most totalitarian regimes never prosper for more than a generation or two. The parasitic behaviors of such governments eventually drain the economy.

Fortune · May 31, 2023

Labour warned over ‘reckless’ lack of detail on North Sea pledge

Unite, the party's largest single donor, has compared the consequences to the closures of UK coal mines

Insider UK · May 31, 2023

Labour is warned over ‘reckless’ lack of detail on North Sea pledge

Sir Keir Starmer has been told by trade union Unite that any plan to block new North Sea developments must not leave workers ‘paying the price’.

The Independent UK · May 31, 2023

Nigeria fuel subsidy cut and spiralling costs: What to know

A controversial announcement in Tinubu’s inaugural speech has set off a chain of events in Africa’s largest economy.

Al Jazeera · May 31, 2023

Police officer drags Just Stop Oil protestor off the road during London slow march

The Metropolitian Police officer was filmed dragging one protester along the ground by their hi-vis vest

The Independent UK · May 31, 2023