The Latest Breaking News from Oil

Crude Prices Fall Back as They Follow Stock Prices Lower

June WTI crude oil (CLM23 ) on Friday closed down -0.31 (-0.43%), and June RBOB gasoline (RBM23 ) closed up +0.78 (+0.30%). Crude oil and gasoline prices Friday gave up an early advance and settled mixed. A risk-off sentiment weighed on crude prices Friday after stocks retreated from an early...

Barchart · May 19, 2023

Man interrupts Just Stop Oil protest, throwing activist to the ground

The Metropolitan Police have urged the public not to intervene if protestors do block the road

The Independent UK · May 19, 2023

Texas leaders want a new way to attract businesses here. But they can’t agree on how to do it.

The two chambers have 10 days to cut a deal before the end of the legislative session, and they are miles apart on some of the very foundations of a corporate tax-abatement bill considered to be a priority for Republican state leaders.

The Texas Tribune · May 19, 2023

Methane must fall to slow global heating – but only 13% of emissions are actually regulated

Methane – a potent greenhouse gas and the second biggest driver of global warming after carbon dioxide (CO₂) – had its moment in the spotlight in 2021. Over 100 countries signed on to the Global Methane Pledge to cut emissions by 30% compared to 2020 levels by 2030.

The Conversation · May 19, 2023

Fossil fuel firms owe climate reparations of $209bn a year, says study

Groundbreaking analysis by One Earth is first to quantify economic burden caused by individual companies

The Guardian - UK · May 19, 2023

How Russia might rethink its alliance with China after Putin

For more than three decades, Moscow and Beijing have been incrementally strengthening their partnership. The growing number of potentially conflicting interests, for instance over investment and exploration in the Arctic, have not slowed down cooperation.

The Conversation · May 19, 2023

US and allied naval commanders in Mideast transit Strait of Hormuz, in show of force against Iran

The Mideast-based chiefs of the U.S., British and French navies have transited the Strait of Hormuz aboard an American warship

The Independent UK · May 19, 2023

Furious man shoves Just Stop Oil eco-warrior to ground at London protest

A man has been caught on camera throwing a Just Stop Oil activist to the ground as the eco-group slowly marched down a east London street on Friday.

Evening Standard · May 19, 2023

PTT expects LNG import surge this year

The national oil and gas conglomerate PTT Plc plans to increase liquefied natural gas (LNG) imports to 6 million tonnes this year, up from 3.3 million in 2022, in line with growing demand in the power sector driven by the tourism recovery.

Bangkok Post · May 19, 2023

Wildfire risk spurs Alberta park closures ahead of holiday weekend

Authorities in Canada's main oil-producing province of Alberta have closed some parks and campgrounds, and are urging residents to avoid activities that could enrage wildfires to avoid straining firefighting resources over the holiday weekend.

Reuters · May 19, 2023