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The Latest Breaking News from Oil

Viktor Orbán to meet Vladimir Putin in Russia to discuss war in Ukraine and energy ties

The Hungarian prime minister is one of the few European leaders to have maintained ties with the Russian president, and their meeting comes at a tense diplomatic moment in the international effort to end the war in Ukraine.

Euronews

Mark Carney says Canada's trading relationship with the U.S. was 'once a strength,' but 'now a weakness'

Canada struck a pipeline deal with Alberta on Thursday to diversify the country's oil exports beyond the U.S.

Fortune

Electric container ships won’t work – but a fleet of auxiliary battery ships could clean up shipping

Shipping moves 90% of global trade and produces nearly 3% of global emissions. The sector has proved challenging to clean up, as cargo ships can travel for weeks between ports and typically rely on cheap, energy-dense and extremely polluting heavy fuel oil.

The Conversation

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Canada's prime minister and Alberta's premier sign pipeline deal which could reverse oil tanker ban

Canadian Prime Minister Mark Carney and the premier of Canada’s oil rich province of Alberta have agreed to work toward building a pipeline to the Pacific Coast to diversify the country’s oil exports beyond the United States

The Independent UK

Canada minister resigns from cabinet over Carney’s controversial oil pipeline deal

Minister Steven Guilbeault says Indigenous nations were not consulted and the pipeline would have ‘major environmental impacts’

The Guardian - UK

Oil Could Drop Below $50 If Russia-Ukraine Peace Talks Succeed, Goldman Sachs Says

Oil prices may plunge below $50 per barrel if a peace agreement between Russia and Ukraine lifts Western sanctions, triggering a gradual recovery in Russian oil supply and easing geopolitical risk premiums across energy markets, according to analysts at Goldman Sachs.

Benzinga

6 Silent Engine Problems That Can Total Your Car Overnight

Cars rarely fail without giving some kind of warning, but silent engine problems create a different kind of threat. They sit under the hood, out of sight, slowly building into failures that can total a vehicle without a single loud symptom. Drivers trust their dashboards to alert them, yet many…

Clever Dude

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Hollywood’s Hack to Good Skin? Microdosing Accutane

Eexperts share whether or not it's worth they hype.

Marie Claire

Oil Prices Could Drop to $30s, US Gas May Fall to $0.60/L as Ukraine-Russia Talks Loom

Oil prices hit four-year lows amid Ukraine-Russia peace talks. JP Morgan predicts Brent could plunge to $30s per barrel by 2027, potentially pushing US petrol below £0.80/L.

International Business Times UK

West is ‘missing obscure sanctions that could set back Russia’s war machine’

US group Dekleptocracy identifies additives for military vehicles’ lubricants and tyres as potential vulnerabilities

The Guardian - UK

I’ve Been Trying to Repair My Damaged Nails for a Year—but This One Simple Change Has Made the Biggest Difference

And it doesn't break the bank...

Marie Claire

How Is ConocoPhillips’s Stock Performance Compared to Other Oil & Gas E&P Stocks?

ConocoPhillips has underperformed the oil & gas E&P peers over the past year, but analysts remain highly optimistic about the company’s future growth potential.

Barchart

Cotton Heads into the Holiday with Gains

Cotton futures were up 30 to 99 34 points in the nearby contracts on Wednesday. Crude oil futures were up 60 cents per barrel at $58.55 on the day, with the US dollar index $0.069 lower to $99.520. The markets will be closed on Thursday. The November 25 online auction...

Barchart

Crude Prices Settle Higher on Dampened Optimism for a Russian-Ukrainian Peace Deal

January WTI crude oil (CLF26 ) on Wednesday closed up +0.70 (+1.21%), and January RBOB gasoline (RBF26 ) closed up +0.0251 (+1.39%). Crude oil and gasoline prices are settled higher on Wednesday. Dollar weakness on Wednesday boosted crude prices. Also, doubts about a deal to end the Russian-Ukrainian war sparked...

Barchart

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The Guardian - UK

Labour is still in a muddle on North Sea oil and gas

Maintaining existing drilling sites for longer is sensible but doesn’t square with plans to keep the energy profits levy

Marie Claire

A Beauty Editor’s Guide to Shopping Makeup, Skincare, and Hair Deals During Black Friday

Shop Black Friday and Cyber Monday like a beauty editor.

Barchart

Cotton Showing Wednesday Gains

Cotton futures are up 39 to 99 points so far on Wednesday. Crude oil futures are up 13 cents per barrel at $58.08 on the day, with the US dollar index $0.064 lower to $99.525. The markets will be closed on Thursday. Commitment of Traders data, still delayed from to...

Barchart

Soybeans Rallying Ahead of the Holiday

Soybeans are up 7 to 9 cents across the front months on Wednesday. The cmdtyView national average Cash Bean price is 8 1/2 cents higher to $10.61 1/2. Soymeal futures are steady to 60 cents higher, with Soy Oil futures steady to 38 to 41 points higher. The market will...

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Latin Times

GOP Rep. Salazar Slams Laura Loomer Over Venezuela Stance: 'Why Are You Defending A Terrorist Dictator?'

Republican Rep. Maria Elvira Salazar slammed MAGA activist Laura Loomer after the latter claimed the lawmaker advocated for "illegal aliens from Venezuela to stay in the United States" and called for "US intervention and full blown regime change in Venezuela, home to the worlds' largest oil reserves and rare earth…

The Independent UK

Stocks rise, pound firms after ‘tolerable’ Budget

Financial markets gave a guarded welcome to Chancellor Rachel Reeves’s plans on Wednesday.

Evening Standard

Government ‘taxing oil and gas sector to death’, claims trade body

The Chancellor was told Aberdeen was ‘not going down without a fight’.

Barchart

Crude Prices Gain on Doubts About a Russian-Ukrainian Peace Deal

January WTI crude oil (CLF26 ) today is up +0.08 (+0.14%), and January RBOB gasoline (RBF26 ) is up +0.0110 (+0.61%). Crude oil and gasoline prices are slightly higher today. Dollar weakness today is boosting crude prices. Also, doubts about a deal to end the Russian-Ukrainian war have sparked some...

The Conversation

COP30: petrostates block climate deal once again, but some countries are taking their own decisive steps to phase out fossil fuels

The latest United Nations climate summit (COP30) was held between 10 and 21 November in Belém, Brazil. Although the event did not end with any significant progress towards the goals of mitigating global warming or advancing climate finance, it did leave us with one positive outcome: a group of countries…

The Guardian - UK

Ed Miliband confirms crackdown on North Sea exploration – but new drilling will continue

Strategy paper released with budget allows new oil and gas projects to move ahead if they are linked to existing fields

The Guardian - UK

North Sea plan allows drilling while enabling Labour to keep ‘no new licences’ pledge

‘Tiebacks’ will permit small amount of new fossil fuel extraction, but campaigners want bolder strategy

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