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The Latest Breaking News from Oil

Global shift to clean energy means fossil fuel demand will peak soon, IEA says

Fossil fuel demand will peak and renewable energy will grow rapidly in coming years, according to an International Energy Agency report.

WEKU

Crude Prices Sharply Lower on Possible Delay of Israeli Ground Invasion of Gaza

December WTI crude oil (CLZ23 ) on Monday closed down -2.59 (-2.94%), and Dec RBOB gasoline (RBZ23 ) closed down -4.22 (-1.79%). Nov WTI crude oil and gasoline prices on Monday closed sharply lower as geopolitical risks in the Middle East eased. Diplomatic efforts to release hostages taken by Hamas...

Barchart

Should You Buy This Oil Stock Under $20 for Its 10% Yield?

Master limited partnerships, such as Kimbell Royalty Partners, pay shareholders high dividend yields - making them popular choices for income investors.

Barchart

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3 Small-Cap Energy Stocks Analysts Expect to Rally

With Chevron's acquisition sending waves through the energy sector - and tensions in the Middle East still running high - here are three standout small-cap oil stocks to consider buying at current levels.

Barchart

Baby Born During Browns-Colts Game at Lucas Oil Stadium, per Report

A fan reportedly gave birth during Cleveland’s game against Indianapolis on Sunday.

Sports Illustrated

Crude Prices Retreat on Possible Delay of Israeli Ground Invasion of Gaza

December WTI crude oil (CLZ23) this morning is down -1.48 (-1.68%), and Dec RBOB gasoline (RBZ23) closed down -2.46 (-1.05%). Nov WTI crude oil and gasoline prices this morning are moderately lower. Crude prices are under pressure today on an easing of Middle East geopolitical risks as diplomatic efforts to...

Barchart

Sugar Prices Continue to Soar. How High Will They Rise?

Sugar is an agricultural commodity that is an ingredient in many foods. Meanwhile, sugar’s supply and demand fundamentals are increasingly tightening as the sweet commodity is also a biofuel requirement. Many countries worldwide subsidize sugar to ensure production will fulfill the rising needs. World sugar futures could be heading for…

Barchart

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NZ sharemarket on verge of bear market

Business & investing: The NZX50 has fallen 19.5 percent since January 2021, meaning it is likely to be grizzly this week. Andrew Patterson reports.

Newsroom.co.nz

How palm oil companies are illegally burning forests to clear land in Indonesia

Indonesian palm oil companies have been playing a dangerous game: burning forests to clear land that has already been dried out by their activities – just to cut production costs. This practice is illegal because it is a major cause of wildfires that have destroyed ecosystems and generated massive atmospheric…

France 24

Just Stop Oil activists in court accused of breaching M25 injunction

National Highways has brought contempt proceedings against protesters after they climbed gantries on the motorway last November.

The Independent UK

Energy Stock Analysis: Marathon Oil Corporation (MRO) vs. TotalEnergies (TTE)

The energy sector appears poised for significant growth in the upcoming quarters, fueled by the rising prices due to surging demand and constrained supply. While leading energy stocks Marathon Oil (MRO) and TotalEnergies (TTE) stand to benefit from the industry tailwinds, let us analyze which one is the better buy.…

StockNews.com

Texas Still Issues Thousands of Permits for Natural Gas Flaring

Advocates say the Texas Railroad Commission process is more of a "rubber stamp" for oil and gas companies to keep polluting indefinitely.

Texas Observer

Rectangular pies inspire this weeknight salami-mozzarella pizza

To make pizza on a weeknight, try store-bought dough

The Independent UK

Saudi crown prince Mohammed bin Salman’s 2030 growth plan bears fruit as Hyundai inks deal to join Lucid as next carmaker in the Gulf

As the IEA predicts global demand for transport fuels will peak in 2026, the Saudi monarchy is in a race to diversify its economy by the end of the decade.

Fortune

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The Conversation

For the Osage Nation, the betrayal of the murders depicted in 'Killers of the Flower Moon' still lingers

This article contains plot spoilers of “Killers of the Flower Moon.”

Fortune

Chevron boss says his company has changed the quality of life on Earth for the better

Mike Wirth, an industry veteran, even described Chevron as “grounded in integrity and a deep belief in doing the right thing” before brushing off Big Oil critics and making a “real-world” case for fossil fuels.

The Independent UK

Chevron buys Hess for $53 billion, 2nd buyout among major producers this month

Chevron is buying Hess Corp. for $53 billion as the biggest U.S. oil companies use a recent windfall in profits to buy up smaller competitors

Evening Standard

Energy price fears ease on Middle East diplomacy hopes

GOLD and oil prices dipped today as investors eyed strong looking US economic data after a weekend that offered some relief about the state of the disaster in Gaza.

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The Guardian - UK

UK borrowing costs hit new 25-year high; Chinese stocks fall to pre-pandemic level – as it happened

Rolling, live coverage of business, economics and financial markets as British bond yields rise amid expectations of stubbornly high interest rates

The Independent UK

A price cap on Russian oil aims to starve Putin of cash. But it's largely been untested. Until now

Prices for Russian oil have risen well above a price cap imposed by Western allies as part of sanctions over the invasion of Ukraine

Inverse

65 Weird but Genius Gifts That Are Best-Sellers on Amazon

These ideas are unique, useful, and — most of all — fun.

The Hindu

When Ramdas Vaidyar just missed an arrest under DIR

Vaidyar, an ayurvedic physician, was renowned for his satire, quirky acts, and friendship with eminent writers. When Kozhikode SP Lakshmana wanted to crack the whip, Subhash Babu convinced him against it. Vaidyar charmed Lakshmana with his ayurvedic oil to treat spondylitis.

The Conversation

How secrecy and regulatory capture drove Alberta’s oil and gas liability crisis

“A hustle in the oil patch”, a “dirty legacy”: These are just a couple of the ways that the escalating costs of abandoning and reclaiming non-producing oil wells in Canada have been described.

The Guardian - UK

As a global energy crisis returns, the UK push for a green economy makes even more sense

Rishi Sunak’s decision to dilute net zero policies has become even more shortsighted

The Guardian - UK

Killers of the Flower Moon review – Scorsese’s masterly Native American true crime saga

A towering Robert De Niro, an against-type Leonardo DiCaprio and a magnetic Lily Gladstone shine in the director’s gripping account of a shocking episode in US history

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