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The Latest Breaking News from Oil

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...

Barchart

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.

Evening Standard

Trump's New Tariffs Could Create Higher Gas Prices

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

Reason

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read the most diverse news in one place.

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.

The Conversation

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.

Benzinga

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.

International Business Times

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...

Barchart

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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.

Latin Times

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.

Benzinga

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.…

The Conversation

Asia Mostly In Green, Europe Markets Decline; Crude Oil And Gold Rise While Dollar Dips - Global Markets Today While US Slept

On Tuesday, November 26th, U.S. markets ended higher, with tech stocks rebounding as investors weighed Fed minutes signaling policy uncertainty and Trump’s new tariff threats. Automakers Ford and GM saw declines due to fears of rising supply chain costs and trade tensions.

Benzinga

Climate denial a unifying theme of Trump’s cabinet picks, experts say

Loyalists selected for important roles have offered staunch support to fossil fuels and downplayed climate crisis

The Guardian - US

U.S. Energy Lobbying Groups Say Trump's Proposed Tariffs Could Seriously Affect Consumers and the Industry

Canada, Mexico and the United States remain among the top four countries in oil production in the Americas alongside Brazil

Latin Times

2 'Strong-Buy' Energy Dividend Stocks With 51% to 72% Upside in 2025

These top-rated dividend stocks are cheap now.

Barchart

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Barchart

Prospects for an Israel-Hezbollah Cease-Fire Weigh on Crude Prices

January WTI crude oil (CLF25 ) Tuesday closed down -0.17 (-0.25%), and January RBOB gasoline (RBF25 ) closed down -0.0027 (-0.14%). Crude oil and gasoline prices Tuesday gave up an early advance and fell to 1-week lows on a report that US President Biden will announce that Israel and Hezbollah...

The Independent UK

Biden's public lands director named to lead environmental group

A senior official in President Joe Biden’s administration who oversaw its contentious efforts to address climate change by curbing oil exploration on federal lands has been named the next president of a prominent environmental group

Benzinga

Crude Oil Moves Lower; Dick's Sporting Goods Earnings Top Views

U.S. stocks traded mostly higher toward the end of trading, with the SP 500 gaining around 0.5% on Tuesday.

Motor1

Oil Tank Explodes at GM's Milford Proving Ground, Damaging Homes

The Brighton Area Fire Authority and trucks from two dozen other departments battled a blaze this morning at General Motors’s Milford Proving Ground. A tank that stored an oil and brine solution exploded just before 7 a.m., according to the Detroit Free Press, damaging two nearby homes.

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The Independent UK

Trump’s ‘liberation day’ of tariffs is coming. What does it mean for U.S. consumers?

Sweeping tariffs could hit the U.S.’s largest trading partners outside of North America

WhatToWatch

Landman episode 3 recap: Kill the well

Friends, foes, and rattlesnakes

Salon

What are seed oils?

"While seed oils are not toxic, fat intake should be moderated in any diet to maintain good health"

Benzinga

Exxon Mobil Unusual Options Activity For November 26

Deep-pocketed investors have adopted a bearish approach towards Exxon Mobil (NYSE:XOM), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in XOM usually suggests something big is…

Benzinga

Assessing Devon Energy: Insights From 19 Financial Analysts

During the last three months, 19 analysts shared their evaluations of Devon Energy (NYSE:DVN), revealing diverse outlooks from bullish to bearish.

International Business Times

Saudi 2025 Budget Sees Lower Deficit On Spending Trims

Saudi Arabia on Tuesday approved a budget for 2025 that projected a smaller deficit than last year despite continued heavy spending on reforms to transition the economy away from oil.

Barchart

Crude Prices Climb as OPEC+ Set to Delay Oil Production Increases

January WTI crude oil (CLF25 ) today is up +0.64 (+0.93%), and January RBOB gasoline (RBF25 ) is up +0.0231 (+1.18%). Crude oil and gasoline prices today recovered from early losses and moved higher after Bloomberg reported that OPEC+ had begun discussions to delay oil production further increases initially set...

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