The Latest Breaking News from Oil

Green energy boss backs more North Sea oil and gas production from existing sites

GB Energy’s Jürgen Maier says production could bring economic benefits and give supply chains ‘time to transition’ to renewables

The Guardian - UK · Mar 24

Crude Oil Prices Jump on Fears of a Wider Conflict in the Middle East

May WTI crude oil (CLK26 ) today is up +3.37 (+3.82%), and May RBOB gasoline (RBK26 ) is up +0.1158 (+3.92%). Crude oil and gasoline prices are sharply higher today, recovering some of Monday’s losses amid concerns that the conflict in the Middle East could escalate. Crude prices are climbing...

Barchart · Mar 24

Stocks Fall as Iran War Drags On

The S&P 500 Index ($SPX ) (SPY ) today is down -0.16%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.50%. June E-mini S&P futures (ESM26 ) are down -0.174%, and June E-mini Nasdaq futures...

Barchart · Mar 24

Seven charts that reveal how unprepared Australia was for the fuel crisis

Disruptions to Middle East oil shipments have rippled along the world’s longest supply chain through Asia – and there’s no knowing when the pressure will ease

The Guardian - AU · Mar 24

The shadow oil empire of ‘H’: How Russia, China grease Iran’s war machine amid US onslaught

War above ground, power below it

The Times of India · Mar 24

Climate Activists Confront Iran War Profiteering at Big Oil Confab in Houston

Meanwhile, the U.S. energy secretary tries to soothe an anxious American oil industry, urging them to ramp up production amid shock to global markets.

Texas Observer · Mar 24

Oil above $100 a barrel while stocks open lower in expectation of US-Iran talks

US stocks opened slightly lower on Tuesday while oil prices climbed higher, reflecting persistent uncertainty over the Iran war even after US President Donald Trump signalled progress in talks.

Euronews · Mar 24

EU delays proposal to ban Russian oil amid Iran war, price spikes and Druzhba row

A law to permanently ban Russian oil from the European Union has been pushed back amid rising prices fuelled by the war in the Middle East.

Euronews · Mar 24

America’s main supplier of jet fuel to Israel goes up in flames in Texas

What on Earth is going on?

We Got This Covered · Mar 24

Is ConocoPhillips Stock at a Peak? - Covered Call COP Plays Look Attractive

Despite the turmoil from the war in Iran, oil prices may be near a peak. However, analysts have pushed up COP price targets. That makes selling covered calls in COP stock attractive now.

Barchart · Mar 24