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The Latest Breaking News from Oil

Stock Market Today: Stocks Swing Lower as Oil Prices Retreat

A bad-news-is-good-news jobs report sent the main indexes higher at the open, but they didn't stay there for long.

Kiplinger

Crude Prices Sink on Global Oversupply Worries

January WTI crude oil (CLF24 ) on Wednesday closed down -2.94 (-4.07%), and Jan RBOB gasoline (RBF24 ) closed down -0.0801 (-3.80%). Crude oil and gasoline prices on Wednesday sold off sharply, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...

Barchart

Judge overrules Texas, strikes down air pollution permit for Gulf Coast oil terminal

A judge reversed a 2022 decision by the Texas Commission on Environmental Quality that involved its controversial “one-mile rule” to deny hearing requests.

The Texas Tribune

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Venezuela, Guyana Open 'Communication Channels' As Border Tension Mounts

Guyana and Venezuela agreed Wednesday to "keep the communication channels open" in a fast-worsening feud over a disputed, oil-rich region as Brazil reinforced troops on its northern border with the neighbors.

International Business Times

Texas Court Strikes Down Air Pollution Permit for Gulf Coast Oil Terminal

A judge reversed a 2022 decision by the Texas Commission on Environmental Quality (TCEQ) which involved its controversial “one-mile rule."

Texas Observer

Crude Prices Plunge on Concern About Excess Global Oil Supplies

January WTI crude oil (CLF24 ) this morning is down -2.79 (-3.86%), and Jan RBOB gasoline (RBF24 ) is down -0.0780 (-3.70%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...

Barchart

Fossil Fuels On The Table At COP28 As OPEC Slashes Production, US Crude Output Breaks Records

COP28 may become the first-ever international climate summit to commit to eventually phasing out oil and gas.

International Business Times

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Guyana's president says it is preparing for a possible incursion by Venezuela into disputed area

Guyana's president tells The Associated Press his country is taking every necessary step to protect itself from a potential incursion by Venezuela, which has ordered its state-owned companies to explore and exploit oil and minerals in Guyana’s vast Essequibo region that it considers its own

The Independent UK

Mariah Carey's perfect bath requires two surprisingly affordable products

Mariah Carey's perfect bath includes two product types as essentials and you can pick up some that work for you very affordably

Woman & Home

Sultan al-Jaber under fire: COP28 president accused of conflict of interest

He's claiming that his remarks were "misinterpreted". The Emirati oil executive leading the COP28 climate conference in Dubai has come out fighting after widespread criticism of his suggestion that there was "no science" indicating that a phase-out of fossil fuels was needed to contain global warming. A controversial choice as…

France 24

Security arrangements reviewed at new airport in Vellore

Security team from Chennai airport reviews existing arrangements at Vellore airport ahead of operations. DGCA monitors security regularly. Mock drills conducted with Central forces and local police. Airport built at ₹65 crore, spread over 97 acres, with runway, taxiway, ATC, terminal building and oil depot. Widened airstrip to operate 20-seater…

The Hindu

Natasha Kravchuk fosters simple approach to recipes in new cookbook

Her new cookbook, “Natasha’s Kitchen: 100+ Easy Family-Favorite Recipes You’ll Make Again and Again,” is totally approachable, she says.

Chicago Sun-Times

3 Oil & Gas Stocks Energizing Portfolios This December

The energy market, witnessing a sturdy surge in worldwide energy demand, indicates an upward trajectory for oil prices, creating lucrative opportunities for the energy sector players. Therefore, quality oil and gas stocks Cheniere Energy Partners, L.P. (CQP), Ampol Limited (CTXAY), and Scorpio Tankers (STNG) could be solid buys, energizing the…

StockNews.com

Putin Lands In Abu Dhabi On Middle East Visit

President Vladimir Putin is in the United Arab Emirates for a rare visit outside the former Soviet Union Wednesday, as Russia seeks to reassert itself on the global stage.

International Business Times

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The Texas Tribune

In this East Texas town, a 45-foot tall oil pump is a holiday symbol and connection to the past

Rudolph the Red-Nose Pumping Unit has long been a holiday tradition in Lufkin. The machinery, now used worldwide to extract oil from the ground, was invented by a local businessman.

WEKU

Colombia is the most dangerous country in the world for environmental defenders

Of the 177 environmental activists killed around the world last year, 60 were murdered in Colombia, says the advocacy group Global Witness. In most cases, no one is tried or convicted.

FourFourTwo

Manchester United to double in value as Saudi Arabia targets buying Champions League: report

Manchester United could receive an incredible kickback if UEFA decides to sell the Champions League

The Guardian - UK

Cop28’s pipe dream: inside the 8 December Guardian Weekly

Big oil meets the climate cause in Dubai. Plus: Living with less stuff

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The Guardian - AU

Venezuela orders state companies to exploit oil and gas mines in Guyana territory

Order from president Nicolás Maduro comes after referendum on whether Venezuela should claim sovereignty over the region

The Independent UK

Maduro orders the 'immediate' exploitation of oil, gas and mines in Guyana's Essequibo

Venezuelan President Nicolás Maduro is ordering the country’s state-owned companies to “immediately” begin to explore and exploit the oil, gas and mines in Guyana’s Essequibo region, a territory larger than Greece and rich in oil and minerals that Venezuela claims as its own

The Independent UK

New Mexico governor proposes $500M to treat fracking wastewater

A proposal from New Mexico Gov. Michelle Lujan Grisham would underwrite development of a strategic new source of water by buying treated water that originates from oil fields as well as the state’s vast natural underground reservoirs of brine

International Business Times

Venezuela, Guyana Tensions Rise Over Disputed Oil-rich Region

Tensions rose between Venezuela and Guyana Tuesday as Caracas proposed a bill to declare a Venezuelan province in a disputed oil-rich region and ordered the state oil company to issue licenses for extracting crude there.

The Guardian - AU

Australia ends finance for fossil fuel expansion overseas – now focus turns to local subsidies

Albanese government announces at Cop28 it will phase out offshore support for coal, oil and gas within a year

The Independent UK

Illinois scraps plan for building migrant winter camp due to toxic soil risk

Gov. J.B. Pritzker’s administration has canceled plans to build a temporary winter camp for migrants in Chicago, citing the risk of contaminants at the former industrial site

The Independent UK

Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company

Security filings show the Federal Trade Commission is investigating ExxonMobil’s $60 billion deal to acquire a Texas oil company, potentially one the largest energy industry mergers in two decades

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