The Latest Breaking News from Oil

Pirates KIDNAP three sailors after hijacking chemical and oil tanker six days ago

Pirates boarded and hijacked an oil tanker six days ago in the Gulf of Guinea, south of Nigeria, since then British and French navies have helped the company try and track down the missing ship

Daily Mirror · Mar 31, 2023

OPEC+ Unlikely to Tweak Oil Policy in Monday Talks

OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters, after oil prices recovered following a drop to 15-month lows. Oil has recovered towards $80 a barrel for Brent crude after falling to near…

Asharq Al-Awsat · Mar 31, 2023

Shadowy brokers walk off with billions in Venezuelan oil

Dozens of obscure brokers are at the center of a new crackdown in Venezuela on corruption in the state-run oil industry that has government insiders scurrying for cover

The Independent UK · Mar 31, 2023

AOC: GOP bill may be written by Big Oil

The sweeping bill amounts to a "trickle down fantasy" to hand profits to fossil fuel companies, she said

Salon · Mar 30, 2023

Ecuador lawmaker says there is 'compelling' graft evidence against President Lasso

Ecuador's opposition has compelling evidence to present against President Guillermo Lasso at his impeachment hearing, a lawmaker said on Thursday, including irregularities in a crude oil shipping contract, accusations Lasso vehemently denied in a televised message.

Reuters · Mar 30, 2023

Gateshead oil rig worker jailed for trying to have online sex chats with children

Alex Elder, of Gateshead, thought he was talking to two girls aged 13 and 14 but in fact they were decoy profiles set up by paedophile hunters

Chronicle Live · Mar 30, 2023

Crude Climbs on Dollar Weakness and Economic Optimism

May WTI crude oil (CLK23 ) this morning is up +1.22 (+1.67%), and May RBOB gasoline (RBJ23 ) is up +0.50 (+0.19%). May Nymex natural gas (NGK23 ) is down -0.070 (-3.21%). Crude oil and gasoline prices this morning are moderately higher. Dollar weakness today is pushing energy prices higher....

Barchart · Mar 30, 2023

UK Government refuses to commit to blocking Rosebank oil and gas field near Shetland

It is the largest such field in the North Sea area, capable of producing 69,000 barrels of oil and 44 million cubic feet of gas per day

The National (Scotland) · Mar 30, 2023

Why a serious climate strategy is almost impossible in the UK's current political system

The UK government reportedly chose Aberdeen, its carbonisation capital, as the original location to relaunch its de-carbonisation strategy. The strategy, now published, has been strongly criticised by environmentalists. Part of the plan to transition the country away from oil and gas is to allow highly subsidised, mostly foreign-owned companies to…

The Conversation · Mar 30, 2023

'Lessons must be learned' from coal during oil and gas transition

CIPD policy adviser and SSE HR director discuss how best to manage the move to renewable energy

Insider UK · Mar 30, 2023