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The Latest Breaking News from Oil

Cooler temperatures offer temporary reprieve for Alberta wildfires

Wildfires in Canada's main oil-producing province Alberta eased on Tuesday thanks to cooler weather, but thousands of people remained under evacuation orders and officials warned temperatures were expected to rise in coming days.

Reuters

PTTGC invests in British startup Interface Polymers

PTT Global Chemical Plc (PTTGC), the petrochemical arm of national oil and gas conglomerate PTT Plc, has announced an investment in UK-based startup Interface Polymers, a developer of chemical additives to improve the recyclability and performance of key polymers.

Bangkok Post

Diesel price set to fall this month

The domestic diesel price should decrease by 0.5 baht a litre to around 32 baht on May 15 in response to falling global oil prices, says the Oil Fuel Fund Office (Offo).

Bangkok Post

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World not ready yet to 'switch off' fossil fuels, COP28 host UAE says

The United Arab Emirates said on Tuesday that countries should agree to phase out fuel emissions - not the production of oil, gas and coal - at the upcoming U.N. climate change negotiations that it will host this December.

Reuters

Crude Closes Higher as U.S. Plans to Refill SPR After Repairs

June WTI crude oil (CLM23 ) on Tuesday closed up +0.55 (+0.75%), and June RBOB gasoline (RBM23 ) closed up +1.83 (+0.74%). Crude oil and gasoline prices Tuesday recovered from early losses and rose to 1-week highs. Short covering emerged in crude after the Biden administration said Tuesday it was...

Barchart

Best Oil Stock to Buy Today

Energy sector giant Cheniere Energy (LNG) reported solid fiscal 2023 first quarter results and is well-placed to continue its business momentum this year, driven by high energy demand and the company’s strategic initiatives to boost its production capacity. Given its strong fundamentals, this leading oil stock could be a solid…

StockNews.com

IOCL mobilises additional cylinders from neighbouring States to bring down backlog in delivery

In an effort to reduce the backlog in the delivery of liquefied petroleum gas (LPG) cylinders, Indian Oil Corporation Ltd. (IOCL) is bringing in refills from Karnataka, Kerala, Telangana and Puducherry

The Hindu

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Support for domestic oil production over imports is 'false choice', say campaigners

A MAJORITY of Scots believe that the UK should meet its continuing demand for oil and gas by producing it domestically, according to a new poll.

The National (Scotland)

3 Best Energy Stocks to Buy Now

Increased oil demand from China amid production cuts could raise the growth prospects for the energy sector. Given this backdrop, quality energy stocks North American Construction Group (NOA), Ranger Energy Services (RNGR), and Graham Corporation (GHM) could be solid portfolio additions now. Read on….

StockNews.com

Dollar Strength and China Economic Concerns Weigh on Crude Prices

June WTI crude oil (CLM23 ) this morning is down -1.51 (-2.06%), and June RBOB gasoline (RBM23 ) is down -3.37 (-1.37%). June Nymex natural gas (NGM23 ) is down -0.013 (-0.58%). Crude oil and gasoline prices this morning are moderately lower. A stronger dollar today is weighing on energy...

Barchart

Can’t-believe-it’s-so-quick aromatic shrimp curry

Great British Menu host Andi Oliver’s Caribbean curry is full of flavour, says Katie Wright

The Independent UK

Messi's father refutes rumours of deal to play in Saudi Arabia

Lionel Messi has not "signed or agreed" a deal to play in Saudi Arabia next season, the Argentine's father said after reports on Tuesday linked the Paris St Germain forward with a move to the Middle East.

France 24

The Best Oil and Gas Stock to Buy Right Now

Constrained supplies and soaring demand for oil and gas have created enduring tailwinds for the energy sector. In addition to the industry tailwinds, prominent energy stock Marathon Petroleum’s (MPC) impressive fundamentals could make it a solid buy this summer. Read on….

StockNews.com

Eco-activists Just Stop Oil bring Camden to a standstill

Just Stop Oil activists launched a “come and arrest us” challenge to the Metropolitan Police as they brought Camden to a standstill with their latest slow march protest.

Evening Standard

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Wales Online

Just Stop Oil protest leaves London commuters feeling 'very angry'

Protesters walked slowly in front of traffic London

The Guardian - UK

Saudi oil group Aramco to pay more to state despite profits drop

World’s largest energy company’s first-quarter profits fall by 19% to $32bn after dip in oil prices

Daily Mirror

'Despite invasion, destruction and abandonment Samarkand remains beautiful'

Geoff Hill delves into Samarkand’s beautiful history and rebirth amid huge investment from local tycoon Bakhtiyor Fazilov, who’s made billions from gas, oil and property

The Guardian - UK

Italian oil firm Eni faces lawsuit alleging early knowledge of climate crisis

Exclusive: Company accused of ‘lobbying and greenwashing’ for more fossil fuels despite knowing of risks

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news in one place.

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Daily Mirror

Just Stop Oil protesters hold up traffic in latest slow march through London

Activists from the climate action group walked slowly in front of traffic in Camden, North London holding up banners reading "Just Stop Oil", on Tuesday morning

The Independent UK

Just Stop Oil activists hold up traffic in north London

Police observed the protesters on their walk from Delancey Street to Chalk Farm via Camden Town and did not intervene.

The Independent UK

Oil giant Saudi Aramco's 1st quarter profit down 20% to $31B

Oil giant Saudi Aramco has reported a first-quarter profit of $31.88 billion, down nearly 20% from the same period last year as energy prices have sunk over global recession concerns

Insider UK

Most Scots see North Sea energy industry 'as a benefit to economy'

Poll comes as the consultation on the Scottish Government’s Energy Strategy and Just Transition ends

The Guardian - UK

‘Mind-boggling’ methane emissions from Turkmenistan revealed

Leaks of potent greenhouse gas could be easily fixed, say experts, and would rapidly reduce global heating

The Conversation

The end of offshore oil and gas exploration in NZ was hard won – but it remains politically fragile

Recent news that the New Zealand government has granted an offshore oil and gas exploration permit it had earlier declined demonstrates how fragile the current ban on such activity still is.

Barchart

Crude Prices Close Higher on Disruptions to Canadian Crude Production

June WTI crude oil (CLM23 ) on Monday closed up +1.82 (+2.55%), and June RBOB gasoline (RBM23 ) closed up +8.26 (+3.47%). Crude oil and gasoline prices Monday settled moderately higher. Crude prices rose Monday on carryover support from last Friday's stronger-than-expected U.S. Apr payroll report that eased recession fears...

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