The Latest Breaking News from Oil

Crude Oil Prices Pressured by a Surge in Weekly EIA Inventories

April WTI crude oil (CLJ26 ) on Wednesday closed down -0.21 (-0.32%), and April RBOB gasoline (RBJ26 ) is up +0.0152 (+0.68%). Crude oil and gasoline prices gave up an early advance on Wednesday and settled mixed. Wednesday's bearish EIA inventory report weighed on crude oil prices. However, dollar weakness...

Barchart · Feb 25

Colorado’s Oil and Gas Industry Is Vastly Underestimating Methane Emissions

Watching from the sky, researchers find planet-warming pollutants leaking into the atmosphere are undercounted by at least two times.

Capital & Main · Feb 25

EU asks Ukraine to repair Druzhba pipeline as Croatia offers alternative route

The Adria pipeline through Croatia is the most viable alternative to provide oil to Hungary and Slovakia while Druzhba is being repaired, the European Commission said on Wednesday after an experts' meeting.

Euronews · Feb 25

Trump touts ‘drill, baby, drill’ agenda – but no mention of climate crisis

President derided Biden’s ‘green new scam’ during State of the Union address, and hailed the rise in US oil production

The Guardian - US · Feb 25

Watch the video: 'Friendship' pipeline is tearing Europe apart — but why?

In the 1960s, the Soviet Union built one of the longest oil pipelines in the world to supply Warsaw Pact states. It was called Druzhba, which translates to "friendship." Right now, that friendship pipeline is tearing Europe apart.

Euronews · Feb 25

Russian firms have routed $8bn of trade through British island territories since invasion of Ukraine

Anti-corruption group Transparency International has catalogued ‘sanctions circumvention’ channelled through ‘unaccountable jurisdictions’

The Guardian - UK · Feb 25

The Hidden Reasons Behind Sudden Hair Fall

Hair fall is a natural process to some extent. Losing 50 to 100 strands a day is considered normal. The problem begins when hair starts shedding in clumps, during combing, washing, or even while sleeping. Sudden hair fall usually does not happen overnight. It is often the result of internal…

MyLifeXP · Feb 25

How Iran’s closure of Strait of Hormuz could upend global oil and gas supplies

Iran has effectively shut down the Strait of Hormuz in retaliation for the US-Israeli war. Given that a quarter of seaborne oil and a fifth of global LNG shipments pass through this critical maritime route, the move may prove catastrophic for major economies dependent on energy supplies from the Gulf.…

The Independent UK · Feb 25

Stupendous sandwich recipes: From Mexican tortas to French dips

Sandwiches may be a daily staple, but they need not be dull – these flavour-packed recipes draw on global inspiration and classic comfort to transform the humble butty into something genuinely exciting

The Independent UK · Feb 25

Caribbean leaders call for ‘de-escalation and dialogue’ amid US oil embargo on Cuba

Four-day Caricom summit dominated by debate about US interventions in the region as military strikes against suspected drug boats continue

The Guardian - UK · Feb 25