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The Latest Breaking News from Oil

Climate activists kick off rallies against fossil fuel in week of action in New York

Protests were a preview of planned marches in the city ahead of United Nations’ climate ambition summit on 20 September

The Guardian - US

Crude Settles Higher on Increased China Stimulus and Strong U.S. Economic News

October WTI crude oil (CLV23 ) on Thursday closed up +1.64 (+1.85%), and Oct RBOB gasoline (RBV23 ) closed up +0.43 (+0.16%). Crude oil and gasoline prices Thursday extended this week's rally, with crude posting a 10-month high and gasoline posting a 2-week high. Crude rallied Thursday on speculation China's...

Barchart

Last defendant sentenced in North Dakota oil theft scheme

The last of four men charged in a scheme to steal millions of dollars worth of crude oil in western North Dakota's oil field has been sentenced

The Independent UK

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Sugar Settles Higher on Strength in Brazilian Real and Crude Oil

Oct NY world sugar #11 (SBV23 ) on Thursday closed up +0.44 (+1.66%), and Dec London white sugar #5 (SWZ23 ) closed up +7.80 (+1.07%). Sugar prices Thursday closed moderately higher. Strength in the Brazilian real boosted sugar prices after the real (^USDBRL ) Thursday climbed to a 2-week high...

Barchart

How Chef Pati Jinich does Rosh Hashanah

The Emmy-nominated host of "Pati's Mexican Table" shares two unique recipes for the holiday

Salon

Which of These 3 Energy Stocks Is a Better Buy: Exxon Mobil Corp. (XOM), Valero Energy (VLO), or Chevron (CVX)?

The energy sector is poised for a robust expansion thanks to soaring oil prices and surging demand. Therefore, let us analyze three energy stocks, Exxon Mobil Corp (XOM), Chevron Corp (CVX), and Valero Energy (VLO), to determine which stock could be a better portfolio addition. Learn more….

StockNews.com

New BP boss to replace Bernard Looney could be external hire, says chairman

Helge Lund says hiring process could lead to oil giant’s first external chief executive hire for decades

The Guardian - UK

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The Guardian view on planetary boundaries: the Earth has limits and governments must act on them

Editorial: The latest warning from climate experts points to the urgency of a fossil fuel phase-out

The Guardian - UK

Crude Prices Jump on Increased China Stimulus and Strong U.S. Economic News

October WTI crude oil (CLV23 ) this morning is up +1.60 (+1.81%), and Oct RBOB gasoline (RBV23 ) is up +1.85 (+0.68%). Crude oil and gasoline prices this morning are higher, with crude posting a 10-month high and gasoline posting a 2-week high. Crude rallied today on speculation China's economic...

Barchart

3 Energy Stocks to Watch in the Coming Week

As global oil demand reaches new heights, fundamentally strong energy stocks Liberty Energy (LBRT), North American Construction Group (NOA), and REX American Resources (REX), might be ideal additions to one’s watchlist in the coming week. Read more.

StockNews.com

JPMorgan strategist says oil price surge 'doesn’t seem worth losing sleep over in 2023'

JPMorgan's chief global strategist, David Kelly, explains why he's not worrying about the recent spikes in oil prices.

Fortune

Shell (SHEL), Devon Energy (DVN), and Par Pacific (PARR): Energy Stock Buy, Hold or Sell?

Growing demand worldwide and constrained crude supply aggravated by extended production cuts by Saudi and Russia are expected to push oil and gas prices higher, boosting the energy sector’s prospects. Amid this, let’s find out if you should buy, sell, or hold energy stocks Shell (SHEL), Devon Energy (DVN), and…

StockNews.com

BP must not backtrack on climate action after CEO’s exit, say campaigners

Outgoing chief executive Bernard Looney presided over plans to cut fossil fuel output by end of decade

The Guardian - UK

Ukraine war: capture of key Black Sea outposts and strike on Crimea show Kyiv's increasing confidence

The recapture, by Ukrainian forces, of the oil and gas platforms off the coast of Crimea known as the “Boyko towers” has both strategic and symbolic significance. Their position, between the westerly-most point of Crimea and Snake Island, in waters close to Ukraine’s border with Romania, puts them in a…

The Conversation

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The Independent UK

More than 3,000 arrested as massive climate protests block major Netherlands motorway for fifth day

Protestors say they would continue until Dutch government stops using public funds to subsidise oil and gas industry

The Guardian - UK

Thursday briefing: What we know about the sudden exit of BP’s Bernard Looney

In today’s newsletter: The CEO quit after admitting he had not been ‘fully transparent’ about relationships he had with employees – is this just the start of a new era of corporate accountability?

The Guardian - UK

New fossil fuel projects ‘very unwise economic risk’ says global energy chief

Fatih Birol, head of International Energy Agency, says countries planning expansion are ‘misjudging market trends’

The Guardian - AU

News Corp gasses up ‘green’ fossil fuels in a series on future energy – but does it pass the sniff test?

Series sponsored by organisations including coal and gas companies features ‘incorrect’ claims on ‘green gas’ and context missing on carbon capture technology

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news in one place.

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Barchart

3 Stocks to Avoid as Oil Prices Soar

Rising fuel expenses, ongoing regulatory challenges, and lackluster share price performance make these three stocks particularly unappealing as oil prices linger near their recent highs.

Barchart

Crude Prices Close Lower as Weekly EIA Inventories Unexpectedly Climb

October WTI crude oil (CLV2 3 ) on Wednesday closed down -0.32 (-0.36%), and Oct RBOB gasoline (RBV23 ) closed up +1.05 (+0.38%). Crude oil and gasoline prices on Wednesday settled mixed. Crude fell from a 10-month high Wednesday and closed lower on a bearish weekly EIA inventory report. Crude...

Barchart

3 Reasons to Buy Exxon Mobil Stock Right Now

As oil prices push higher, energy giant Exxon Mobil - with its strong fundamentals and industry-leading position - has emerged as a compelling stock to buy at current levels.

The Guardian - UK

BP needs a new chief executive not a slower strategy towards net zero

Oil firm should get out and argue the case for sticking to the transition timetable as Bernard Looney’s successor is sought

The Independent UK

Oil-rich Guyana opens bids for new offshore blocks as it seeks to boost production

The government of Guyana has opened bids for 14 offshore oil blocks available for exploration and development as the South American country seeks to ramp up oil production

Barchart

Crude Prices Strengthen on the Outlook for Tighter Global Supplies

October WTI crude oil (CLV23) this morning is up +0.23 (+0.26%), and Oct RBOB gasoline (RBV23) is up +0.40 (+0.15%). Crude oil and gasoline prices this morning are modestly higher, with crude posting a nearly 10-month high. Tightness in global oil supplies is underpinning oil prices after OPEC on Tuesday...

Texas Observer

Texas Bets on Undersea Carbon Capture, Despite Concerns

critics worry about leakage through rock layers, pipeline safety and the lackluster record of carbon capture facilities onshore.

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