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The Latest Breaking News from Oil

Weakness in Crude Oil Persists on Oversupply Concerns

January WTI crude oil (CLF24 ) on Thursday closed down -0.04 (-0.06%), and Jan RBOB gasoline (RBF24 ) closed down -0.0190 (-1.43%). Crude oil and gasoline prices on Thursday extended Wednesday's sharp losses, with crude oil falling to a 5-1/4 month low and gasoline falling to a 1-year low. Concern...

Barchart

Canada’s fossil fuel firms will need to cut emissions by at least 35% by 2030

Justin Trudeau’s government plans to limit emissions through a national cap-and-trade system, a policy first proposed in 2021

The Guardian - US

Company Insiders Are Loading Up on This Energy Stock Under $20

Oil futures have cratered below $70 per barrel this week - so what's driving company insiders to load up on this low-priced energy stock?

Barchart

From analysis to the latest developments in health,
read the most diverse news in one place.

Chevron, Exxon Responses Diverge Amid Venezuela-Guyana Border Buildup

ExxonMobil and Chevron are both waiting to see what happens next for Guyana, as a dizzying set of competing incentives come into play.

International Business Times

Dollar Weakness Sparks Mild Short-Covering in Crude Oil

January WTI crude oil (CLF24 ) this morning is up +0.05 (+0.07%), and Jan RBOB gasoline (RBF24 ) is down -0.0193 (-0.95%). Crude oil and gasoline prices this morning are mixed, with gasoline falling to a 1-year low. A weaker dollar today has sparked some mild short-covering in crude oil....

Barchart

3 Energy Stocks Targeting Major Gains in December

As the oil industry faces a pivotal shift with OPEC+ production cuts, Wall Street forecasters are expressing bullish sentiments due to a critical undersupply. To capitalize on this, it seems wise to add BP p.l.c. (BP), Delek US Holdings (DK) and Global Partners (GLP) to your portfolio for potential significant…

StockNews.com

Venezuela-Guyana Tensions Soar, US Mounts Military Exercises

The United States announced joint military flight drills in Guyana on Thursday as soaring tensions over a contested oil-rich region with neighbor Venezuela prompted the UN Security Council to call an urgent meeting.

International Business Times

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The Peasants: this oil-painted film of Władysław Reymont's novel is a visual masterpiece

The Peasants tells the story of a beautiful young Polish girl, Jagna (Kamila Urzędowska), who was sold into a marriage to the richest man in the village – an older widower named Boryna (Mirosław Baka). The price is high – six acres of Boryna’s best land – but then, as…

The Conversation

US to hold military exercises with Guyana amid border tensions with Venezuela

The United States announced joint military flight drills in Guyana on Thursday as soaring tensions over a contested oil-rich region with neighbour Venezuela prompted the UN Security Council to call an urgent meeting.

France 24

Cop28: highlights and lowlights so far

An update on the first half of the UN climate conference in Dubai, including shock over the host president’s comments

The Guardian - UK

Mining billionaire Andrew Forrest in scathing attack on oil and gas industry

Australian magnate-turned-green-evangelist says companies that don’t stop burning fossil fuels will have ‘blood on their hands’

The Guardian - AU

Putin, Saudi Leader Urge Oil Cooperation As Prices Flag

The leaders of Saudi Arabia and Russia used a rare face-to-face meeting to urge oil producers to stick to pledged supply cuts, a joint statement said Thursday.

International Business Times

Competition cop Lina Khan’s antitrust overreach is hurting U.S. competitiveness–and destroying billions of dollars in value

Antitrust overreach is hurting America's global competitiveness, with the FTC calculating industry concentration on a purely domestic basis.

Fortune

Latkes Recipe: How To Make Perfect Potato Pancakes, According To Science

From the best type of potato to the secret trick for keeping your latke batter from turning brown, here are the science-backed tricks you need to make the perfect, golden potato pancake.

Inverse

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The Independent UK

Putin’s plane escorted by four Su-35 fighter jets on rare trip out of Russia to Middle East

Increasingly isolated world leader faces arrest warrant from International Criminal Court on international soil over his war in Ukraine

The Conversation

Helping the Pacific financially is a great start – but Australia must act on the root cause of the climate crisis

The federal government has announced an extra A$150 million for climate finance – including $100 million for the Pacific to help protect its people, housing and infrastructure from the escalating impacts of global warming.

Radio France Internationale

Carbon capture a 'dangerous excuse' for burning more fossil fuels

Week one of the Cop28 climate talks in Dubai heard much about the grand potential of carbon capture and storage technologies (CCS) as dozens of countries push for a broad pact to phase out fossil fuels. While top producers use carbon sequestering as an excuse to keep on burning coal,…

WEKU

A record number of fossil fuel representatives are at this year's COP28 climate talks

With a record number of oil, gas and coal representatives at this year's COP28 climate talks, climate scientists worry industry influence could water down language on fossil fuels.

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Latin Times

Guyana Army Helicopter Missing Near Tense Border With Venezuela

The long-running dispute over Essequibo, which comprises some two-thirds of Guyanese territory, has intensified since ExxonMobil discovered oil there in 2015.

Al Jazeera

US throws weight behind Guyana in territorial dispute with Venezuela

Top US diplomat Blinken reaffirms support for Guyana’s sovereignty as Venezuela threatens to annex its Essequibo region.

Evening Standard

Just Stop Oil protests cost police nearly £20million, Met reveals

Some 657 Just Stop Oil activists have been arrested since October, the highest number ever made for mass unlawful disruption, according to the force

The Independent UK

Stock market today: Asian shares slide after retreat on Wall Street as crude oil prices skid

Shares have fallen in Asia after a retreat on Wall Street as crude oil prices slipped on expectations that supply might outpace demand

International Business Times

Asia Tracks Wall St Sell-off As US Labour Market Softens

Asian stocks sank Thursday, extending a rollercoaster week across world markets as investors jockey for position ahead of key US jobs data, while oil struggled to bounce back after hitting a five-month low.

AAP

ASX edges lower amid late energy sector resurgence

The Australian share market recovered to finish just 0.1 per cent down after whipsawing oil prices sent energy stocks on a wild rollercoaster ride.

International Business Times UK

London Climate Protests: 630 Arrests Made by Police in a Month

The intensification of the London climate protests underscores the urgency many feel regarding environmental issues like the Just Stop Oil movement.

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