The Latest Breaking News from Oil

Your Dad Taught You to Change Your Own Oil — Does It Still Save Enough to Bother?

Changing your own oil can still save money, especially if your car needs expensive synthetic oil and you already own the tools. But the days when a driveway oil change automatically beat every shop’s price have given way to a more complicated calculation. Cheap service offers, rising supply costs, and…

Clever Dude · Oct 14

What are the Rosebank and Jackdaw oil and gas fields – and will they lower UK energy bills?

IN FULL

The Independent UK · Oct 14

Andy Burnham says decision on Rosebank and Jackdaw coming ‘shortly’. But will it lower UK energy bills?

The controversial Rosebank and Jackdaw fields were given the green light in 2022 and 2023, but the plans were later ruled as being ‘unlawfully approved’

The Independent UK · Oct 14

'Starlink restricted': Ukraine says military ops disrupted as ties with US worsen

The developments come amid worsening relations between Kyiv and Washington after Trump lifted sanctions on Russian diesel last week and criticised Zelenskyy. Trump, seeking to bring down fuel prices that have risen since the US launched a war against Iran, has urged Ukraine to stop attacking Russian oil refineries and…

The Times of India · Oct 14

Energy agency lowers world oil demand forecast for the year

The International Energy Agency is lowering its world oil demand forecast for the year, noting that the war in Iran is leading to escalating fuel prices, limited oil supplies and a deteriorating economic outlook

The Independent UK · Oct 14

Donald Trump has ambitious oil drilling plans for Greenland: Why extraction could be delayed for decades

Donald Trump has announced intentions for large-scale oil and mineral exploration in Greenland, emphasizing its potential resources. The announcement also highlighted Greenland's strategic significance to the United States and Europe. However, there are numerous challenges regarding infrastructure, financing, and regulatory approval that could hinder development. The complex nature of mining…

The Economic Times · Oct 14

Venezuela's Oil Revival Is Gaining Momentum—3 Energy Stocks Positioned to Benefit

Chevron, BP and Halliburton are investing billions to revive Venezuela's oil and gas industry as the U.S. looks to offset supply disruptions from the Strait of Hormuz.

MarketBeat · Oct 14

Iran is Reportedly Shifting Tactics to Increase Traffic Disruption in the Strait of Hormuz

The tactics have not been revealed, but they seek to prevent the U.S. from bringing down oil prices ahead of the midterms.

International Business Times · Oct 14

DOE Authorizes 4 Million Barrels of Emergency Oil After Hurricane Disrupts Fuel Supplies

The U.S. Department of Energy (DOE) has authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve following hurricane-related supply disruptions along the Gulf Coast. The move is intended to help keep refineries operating and prevent interruptions that could affect gasoline and…

Everybody Loves Your Money · Oct 14

‘From liabilities to goldmines’: refineries eye record profits from diesel shortage

Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record prices

The Guardian - UK · Oct 14