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The Latest Breaking News from Oil

House Passes Bill To Block Future Oil Drilling Bans

Republican-led House passes bill to prevent future fracking bans without congressional approval, in response to concerns over Biden administration's energy...

Top News

Crude Slightly Higher on US Economic Strength

March WTI crude oil (CLH25 ) today is up +0.23 (+0.33%), and March RBOB gasoline (RBH25 ) is up +0.0237 (+1.14%). Crude oil and gasoline prices today are moving higher on signs of US economic strength after the Jan unemployment rate unexpectedly fell to an 8-month low of 4.0%. Also,...

Barchart

Grangemouth oil refinery 'to close as early as May'

SCOTLAND’S last remaining oil refinery could reportedly close as early as this May.

The National (Scotland)

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Peter Garrett: ‘This is the worst deal ever done by a sovereign Australian government’

The Midnight Oil frontman, former Labor MP and conservationist muses on politics, prescient lyrics, and whether the Rolling Stones should give up touring

The Guardian - AU

Seed oils are toxic, says Robert F. Kennedy Jr. – but it’s not so simple

Robert F. Kennedy Jr., who is expected to clear the final hurdles in his confirmation as President Donald Trump’s health secretary, and a host of health influencers have proclaimed that widely used cooking oils such as canola oil and soybean oil are toxic.

The Conversation

Question Time sees Labour accused of 'spiteful' oil plot to block independence

A LABOUR minister was dealt devastating blows by the Question Time audience in Glasgow – with one member of the public accusing the party of a…

The National (Scotland)

Labour 'fear energy bills set to rise even further' – despite £300 cut claim

ENERGY Secretary Ed Miliband has suggested he fears “bills will keep rising” – despite Labour’s pledges to cut energy bills by £300 a year.

The National (Scotland)

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Miliband vows to consider support for Acorn project to help Grangemouth workers

UK Energy Security and Net Zero Secretary Ed Miliband said he is ‘determined to have a future’ for the Grangemouth oil refinery.

Evening Standard

Bills will keep rising without switch to home-grown power, Miliband suggests

The Energy Secretary said the UK is in the ‘grip’ of markets run by ‘petro-states’.

Evening Standard

Trump's Gaza Plan Derails Saudi-Israel Ties: Analysts

US President Donald Trump's plan to take over Gaza will imperil attempts to forge landmark ties between Saudi Arabia and Israel and fuel anti-American sentiment in the oil-rich kingdom, analysts said.

International Business Times

Environmentalists sue after feds allow new drilling permits in one of the country’s most polluted areas

The San Joaquin Valley’s Kern County is home to some of the country’s most polluted cities

The Independent UK

Crude Prices Slip on Dollar Strength and Trump's Pledge to Boost US Oil Output

March WTI crude oil (CLH25 ) Thursday closed down -0.42 (-0.59%), and March RBOB gasoline (RBH25 ) closed up +0.0240 (+1.17%). Crude oil and gasoline prices settled mixed on Thursday, with crude falling to a 5-week low. Crude gave up an early advance Thursday and turned lower as the dollar...

Barchart

In Common: Where is the plan for a just transition?

It has been unsettling to watch Scottish politicians line up behind Unite the Union’s “no ban without a plan” campaign to keep Scottish…

The National (Scotland)

Trump's Sovereign Wealth Fund: What Is It And How Does It Work?

President Trump signed an executive order that puts in motion plans for a U.S. sovereign wealth fund. Here's what a sovereign wealth fund is and how it works.

Kiplinger

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Al Jazeera

Trump administration imposes first Iran sanctions since taking office

US penalties target Iran’s ‘oil network’ as Donald Trump pledges to bring back ‘maximum pressure’ against Tehran.

Top News

US Treasury Imposes Sanctions On Iranian Oil Shipment Network

U.S. Treasury sanctions network aiding Iranian oil shipments to China, targeting individuals and entities.

The Guardian - US

Trump interior department directive raises fears for national monuments

Conservation groups say policy would allow Doug Burgum to redraw boundaries of protected areas to boost fossil fuels

The Texas Tribune

Why oil and gas companies want state oversight for carbon dioxide injection

Environmentalists are worried the state — known for a lax approach to regulation — is not prepared for the added responsibility of regulating certain carbon capture projects.

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news in one place.

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Barchart

Crude Prices Supported by Prospects of Tighter Sanctions on Iran

March WTI crude oil (CLH25 ) today is up +0.15 (+0.21%), and March RBOB gasoline (RBH25 ) is up +0.0191 (+0.93%). Crude oil and gasoline prices today are slightly higher. Crude is climbing as the US ramps up sanctions on Iranian crude exports that could tighten global oil supplies after...

Al Jazeera

Where does Trump’s renewed ‘maximum pressure’ leave any Iran-US deal?

Trump says he wants Iran to prosper, but signed a presidential memorandum to pledge more action against Iran.

Evening Standard

Oil and gas part of future for decades to come, says Starmer on nuclear visit

The Prime Minister said that ‘we do need to transition to clean power’ while on a visit to the UK National Nuclear Laboratory.

The National (Scotland)

John Swinney answers SNP MSP's call to support 'unlawful' North Sea oil field

FIRST Minister John Swinney has declined to either support or oppose the development of the controversial Rosebank and Jackdaw oil and gas fields in…

Radio France Internationale

TotalEnergies scales back on low-carbon investment as profits slump

French oil and gas giant TotalEnergies has announced it will reduce its investments in low-carbon energy as it posted a sharp drop in net earnings for 2024, with after-tax profits sinking by 26 percent.

The Guardian - UK

There’s a taskforce dreaming up radical climate solutions – and you can help

In this week’s newsletter: How you can have your say on the Global Solidarity Levies Task Force’s ideas to transform our environment

The Independent UK

Baltic nations count final hours to ending electricity ties to Russia

Nearly 3 1/2 decades after leaving the Soviet Union, the Baltic countries of Estonia, Latvia and Lithuania this weekend will flip a switch to end electricity-grid connections to neighboring Russia and Belarus

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