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The Latest Breaking News from Oil

Cars to fruit: The goods set to get pricier under Trump’s tariff plans

US president-elect’s proposed tariffs on China, Canada and Mexico would raise the prices of numerous products.

Al Jazeera

Oil field owner sues California over law that would end its Los Angeles-area operations

The owner of an oil field in Los Angeles County is suing the state of California over a law that will require it to stop production and plug its wells or face costly fines

The Independent UK

Scottish Government releases plan to make Scotland key producer of hydrogen

Acting Energy Secretary Gillian Martin said hydrogen is one of Scotland’s ‘greatest industrial opportunities since oil and gas’.

The Independent UK

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New Mexico appeals court upholds rule aimed at curbing ozone pollution

The New Mexico Court of Appeals has upheld state regulations aimed at cracking down on emissions from the oil and natural gas industry

The Independent UK

Jerry Jones’s net worth: How the Cowboys owner made his money

Jerry Jones is most recognizable as the public face and owner of the Dallas Cowboys, which he grew into a $10 billion sports franchise. Here’s how he made his money — and how he spends it.

The Street

Trump's Energy Policies Poised To Reshape Oil & Gas Market: Winners And Losers Revealed

Trump's energy plans could reshape US markets with potential tariffs, increased production, and LNG exports. Goldman Sachs breaks down winners and losers.

Benzinga

Unions demand action to prevent ‘corporate decapitation’ of Grangemouth

Unite general secretary Sharon Graham accused Petroineos of ‘industrial vandalism’ amid plans to shut down the last oil refinery in Scotland.

Evening Standard

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MPs launch inquiry into GB Energy's impact on Scotland

MPs have launched a probe into GB Energy and how its creation will impact on Scotland’s energy industry.

The National (Scotland)

Unite march on Holyrood to demand plan to save Grangemouth oil jobs

TRADE unionists marched on the Scottish Parliament to demand that Scotland’s only oil refinery be kept open.

The National (Scotland)

Last Time We Shared This Stylish Diffuser, a Bunch of You Bought One — Well, Now it's 47% Off

The biggest sale of the year can be a stressful time, but this clever buy is all about keeping things calm

Livingetc

Astonishment as missing Canadian hiker emerges after weeks in wilderness

Sam Benastick, 20, discovered shivering and unsteady by two oil workers after getting lost in British Columbia wild

The Guardian - US

Posh olive oil, tinned fish and even salt are now du jour, says Waitrose

As sales of premium varieties rise the upmarket grocer details how chic-looking pantry staples are now middle-class status symbols

The Guardian - UK

Canada leaders agree to unite against Trump tariff threat amid reports of retaliatory measures

Deputy PM says ‘we need to be smart, strong and united’ after meeting on threat by US president-elect of a blanket 25% tax on imports from Canada

The Guardian - AU

Goldman Sachs analyst spells out ‘significant consequences’ of Trump’s huge tariff plans

President-elect Donald Trump’s campaign focused heavily on ending inflation and lowering consumer costs

The Independent UK

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Benzinga

Trump HHS Pick Robert F. Kennedy Jr.'s Wealth Comes From Family, Law Practice, Oil, Bitcoin

Robert F. Kennedy Jr. owes portions of his wealth to his family name, law, cryptocurrency and oil. Here's a look at his wealth and income.

Barchart

Crude Prices Pressured as Middle East Tensions Ease

January WTI crude oil (CLF25 ) Wednesday closed down -0.05 (-0.07%), and January RBOB gasoline (RBF25 ) closed down -0.0201 (-1.03%). Crude oil and gasoline prices Wednesday settled lower, with gasoline posting a 1-week low. Crude oil was under pressure Wednesday from an easing of geopolitical risks in the Middle...

Evening Standard

Tax rise for North Sea oil and gas could ‘kill goose that lays the golden egg’

‘We recognise that oil and gas will continue to have a role in the energy mix during the transition,’ a Treasury minister said.

Reason

Trump's New Tariffs Could Create Higher Gas Prices

And higher gas prices will make it more expensive to move goods around the country.

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The Conversation

Why UN climate change summits are ‘fundamentally flawed’

Cop29, the 29th annual climate conference in Azerbaijan, came to an end on Sunday, and in its wake have come doubts about the UN process for negotiating a solution to global heating.

Benzinga

Dow Falls Over 100 Points; US Crude Oil Stocks Decline

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 100 points on Wednesday.

International Business Times

Historic Maori Portrait Shatters Auction Records

An oil painting of Maori elder Wharekauri Tahuna by Charles Frederick Goldie sold for a record-breaking $3.75 million, becoming the most valuable Maori portrait in New Zealand art history.

Barchart

Crude Little Changed as Middle East Tensions Ease

January WTI crude oil (CLF25 ) today is up +0.03 (+0.04%), and January RBOB gasoline (RBF25 ) is down -0.0203 (-1.04%). Crude oil and gasoline prices today are mixed, with gasoline falling to a -week low. Today's dollar weakness is supportive of energy prices. Also, expectations that OPEC+ will delay...

Latin Times

Dubai Locks Foreigner Up for Life for Carrying CBD Oil Used to Treat Chronic Pain from Rare Disease: 'Kevin Will Not Survive'

Dubai's government has sentenced Maurice Kevin O'Rourke, a 64-year-old Canadian man, to life in prison after he was caught during an airport layover with CBD oil used to treat chronic pain caused by Addison's disease.

Benzinga

Trump's Tariff Threat To Canada May Disrupt Oil Markets, Inflate Prices: 'Would Likely Raise The Price Of Fuels,' Says Analyst

President-elect Donald Trump's move to impose 25% tariffs on Canada can thwart the growth of the stock markets and affect corporate profits, inflation, transportation and oil marketing companies.

The Conversation

Fossil fuel supply: the elephant in the room at climate change conferences

“Natural resources … are a gift from God. Every natural resource, whether it’s oil, gas, wind, sun, gold, silver, copper, they are all natural resources. Countries should not be blamed for having them, and should not be blamed for bringing these resources to the market because the market needs them.…

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