The Latest Breaking News from Oil

Radical SR1 XXR Debuts With Upgraded 199-HP Engine, New Rear Fin

Durability upgrades to the engine include a longer time between oil changes.

Motor1 · Apr 26, 2023

Sudan's conflict has its roots in three decades of elites fighting over oil and energy

Sudan stands on the brink of yet another civil war sparked by the deadly confrontation between the Sudan Armed Forces of General Abdelfatah El-Burhan and the Rapid Support Forces of Mohamed Hamdan Dagalo (“Hemedti”).

The Conversation · Apr 26, 2023

Africa's oceans are being protected to serve the interests of big foreign corporates

Africa’s valuable ocean resources have drawn the interest of foreign nations, particularly those in the West and Asia.

The Conversation · Apr 26, 2023

Shaky ceasefire enters second day as Sudanese, foreigners flee

A US-brokered ceasefire between Sudan's warring generals entered its second day Wednesday but remained fragile after witnesses reported fresh air strikes and paramilitaries claimed to have seized a major oil refinery. As combat eased, foreign governments organised civilian evacuations. Around 245 French and foreign nationals evacuated from Sudan landed in…

France 24 · Apr 26, 2023

Fair price shops in T.N. likely to begin selling cooking gas cylinders

The Tamil Nadu Civil Supplies Department is mulling over a proposal to make available, cooking gas cylinders at fair price shops. The Department already sells 5kg and 10kg free trade licence (FTL) cylinders belonging to the three State-run oil marketing companies (OMCs) through its supermarkets, including Tamil Nadu Urban Cooperative…

The Hindu · Apr 26, 2023

ASX slips as inflation slows, Wall Street sinks on recession fears as First Republic Bank plunges 49pc

The Australian share market closed slighlty lower after the latest ABS figures showed that inflation fell from its December quarter peak, while Wall Street suffered its biggest falls in a month as fears of a banking crisis resurfaced, leading to shares of First Republic Bank plunging 49 per cent overnight.

ABC News · Apr 25, 2023

Crude Prices Move Lower on Dollar Strength and Economic Concerns

June WTI crude oil (CLM23 ) on Tuesday closed down -1.69 (-2.15%), and June RBOB gasoline (RBM23 ) closed down -5.17 (-1.98%). Crude oil and gasoline prices Tuesday retreated, with crude falling to a 3-week low. Dollar strength Tuesday pressured energy prices. Also, concern that a slowdown in the global...

Barchart · Apr 25, 2023

Tax shield on super gas profits leaves Australians looking like 'chumps', economist says

It was once described as world-leading, but calls are growing louder for changes to Australia's super gas profits tax amid claims it is collecting "beer nuts".

ABC News · Apr 25, 2023

Cricket shouldn’t float on barrels of oil at a time of climate crisis

Cricket shouldn’t float on barrels of oil at a time of climate crisis

The Hindu · Apr 25, 2023

Global economic uncertainty means oil prices -- and your fuel bill -- will continue to surprise this year

Oil prices have confounded expectations in the first quarter of 2023. Brent – a major global benchmark – hit a low of US$72 (£58) a barrel on March 17, while the world’s other main benchmark, WTI, dropped to less than US$66 a barrel. This is a far cry from the…

The Conversation · Apr 25, 2023