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The Latest Breaking News from Oil

From country living to beloved homewares brand: The story of The Grampians Goods Co

Explore the beloved collection.

Home Beautiful

Philippine Tanker Carrying 1.4 Mln Litres Of Oil Capsizes Off Manila

A Philippine-flagged tanker carrying 1.4 million litres of industrial fuel oil capsized and sank off Manila on Thursday, authorities said, as they raced to contain a spill.

International Business Times

Oil tanker capsizes off Manila, risks causing 'biggest spill' in Philippine history

Authorities in the Philippines were racing on Thursday to contain a spill from a tanker carrying 1.4 million litres of industrial fuel oil that capsized and sank earlier in the day. If all the oil in the tanker were to leak, coast guard spokesman Rear Admiral Armando Balilo warned at…

France 24

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China food giant sued for Aussie wheat-market meddling

Australia's corporate watchdog has taken a Chinese state-owned food processor to court over accusations it manipulated the market for wheat prices.

AAP

‘Oil Kills’ protesters disrupt flights at airports across Europe in wave of action

Ten activists arrested at Heathrow, over 30 flights cancelled at Cologne-Bonn, and planes delayed or diverted

The Guardian - UK

Why courts favour cars, not the climate

For planning to block a motorway encircling London, five Just Stop Oil activists were recently sentenced to a minimum of four years in prison.

The Conversation

3 Energy Stocks to Buy for Dividends and Growth

Robust global energy production and consumption backed by solid demand and rising prices strengthens the future outlook of energy market. Hence, buying fundamentally solid energy stocks Baker Hughes Company (BKR), Cenovus Energy Inc. (CVE), and Energy Transfer LP (ET) could be ideal for growth. Read more.

StockNews.com

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Crude Oil Prices Rally on Bullish EIA Inventory Report and Russia's Promise of Additional Production Cuts

Sep WTI crude oil (CLU24 ) today is up +0.80 (+1.04%), and Sep RBOB gasoline (RBU24 ) is up +0.0384 (+1.62%). Crude oil and gasoline prices today are higher on a bullish weekly EIA report. The energy markets have been to shake off today's sharp sell-off in US stocks and...

Barchart

Should I boil my clothes to clean them? Laundry experts share their thoughts

Get the lowdown on your laundry: Here's what you need to know about boiling your clothes

Homes & Gardens

‘This used to be a beautiful place’: how the US became the world’s biggest fossil fuel state

No country has ever in history produced as much oil and gas as the US does now and Louisiana is ground zero

The Guardian - US

Nine Just Stop Oil activists arrested at Heathrow airport ahead of planned disruption

Met Police officers arrested the group near a barbed wire fence close to passenger planes

The Independent UK

It’s easy to blame petrostates – but self-proclaimed ‘climate leaders’ like the US and UK are driving the crisis

In thrall to the oil and gas industries, wealthy nations are backing calamitous projects. But the tide is turning, says Tessa Khan of the climate action organisation Uplift

The Guardian - UK

‘Inexcusable’: should climate hypocrites get the petrostates label?

Suggestions definition of petrostate is too narrow as many rich countries that could phase out fossil fuels double down

The Guardian - UK

Revealed: wealthy western countries lead in global oil and gas expansion

The US and the UK among countries with low dependence on fossil fuels criticized for ‘hypocrisy’ on climate pledges

The Guardian - US

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Evening Standard

Ten Just Stop Oil protesters appear in court charged with conspiring to disrupt Heathrow Airport

Protesters were arrested at two locations outside the UK’s busiest airport as climate protesters across Europe tried to disrupt air traffic

Capital & Main

California Isn’t Enforcing Its Strongest-in-the-Nation Oil Well Cleanup Law on Its Largest Oil Company

State regulators could have asked oil companies California Resources Corp. and Aera Energy for an estimated $2.4 billion to guarantee wells are plugged but decided they didn’t have the authority to do so.

Top News

Asian Stocks Fall As U.S. Futures Drop, Oil Prices Rise

Asian stocks decline, U.S. futures fall, oil prices rise. Japan's Nikkei drops, yen strengthens. Mixed performance in Asia and the U.S. market. Challenges ...

International Business Times

In Fuel-guzzling Saudi Arabia, Electric Cars Pique Interest

For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his other car is a fuel-guzzling four-wheeler favoured by motorists in the desert kingdom.

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AAP

Energy, property drag Australian share market lower

Australian shares have eased on weakness in property and energy as US big tech earnings underwhelmed and commodity prices fell.

Crikey

Kim Cheatle falls on sword

The director of the US Secret Service has resigned after failing to foil the assassination attempt on Donald Trump, and safety in Paris is in the spotlight ahead of the Olympic opening ceremony.

Barchart

Bearish Short-Term Outlook for Oil Prices Despite Potential Supply Disruptions

Supply-demand dynamics, inventory fluctuations, and geopolitical tensions characterize the crude oil market landscape. Analysts at Morgan Stanley project the market to reach equilibrium by the fourth quarter of this year, potentially transitioning to a surplus by 2025. As traders await crucial US oil inventory data, the market is also reacting…

Salon

Char your summer squash like a chef

Chef Tyler Fenton of BATA talks charring, cooking local and the bounty found in the 400 miles surrounding Tucson

Woman & Home

8 award-winning body care buys with skincare-worthy ingredients

These effective body care products will get you on track for smoother, firmer and glowing skin

Barchart

Sugar Prices Fall on Doubts About Global Economic Growth

October NY world sugar #11 (SBV24 ) is down -0.17 (-0.93%), and Oct London ICE white sugar #5 (SWV24 ) is down -7.80 (-1.46%). Bearish factors for sugar today include sharply lower crude oil prices (CLU24 ) and concern about the global economic outlook. Lower crude oil prices undercut ethanol...

Barchart

Crude Oil Continues Lower on Economic Uncertainty

Sep WTI crude oil (CLU24 ) today is down -1.52 (-1.94%), and Sep RBOB gasoline (RBU24 ) is down -0.0410 (-1.69%). Crude oil prices on Tuesday continued lower on weaker-than-expected US economic reports and US political uncertainty, which increased after President Biden on Sunday dropped out of the presidential race...

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