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The Latest Breaking News from Oil

Family from Malappuram seeks Centre’s help to find missing merchant navy officer

The distraught family of Manesh Kesavadas, the second officer of Liberian crude oil tanker M.T. Patmos I, who has been missing since Wednesday, has appealed to the Union government to help find him. Mr. Kesavadas, who joined the ship at Zhoushan, China, on August 6, was reported missing from early…

The Hindu

Ravinder Bhogal’s pumpkin and squash recipes for autumn

Squash adds heart to a kale and spelt broth with fried sage, depth to cheesy scones, and colour and crunch to a pilaf with labneh

The Guardian - UK

How Seed Oils Were Demonized

A sketchy conjectural hypothesis was transmogrified into a dubious dietary dogma.

Reason

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10-litre refined sunflower oil jar launched by GEF India

GEF India launches 10L SKU of Freedom Refined Sunflower Oil; designed to meet modern-day consumer needs and promote environment-friendly products. Expansion into Chhattisgarh and Tamil Nadu underway. #GEFIndia #FreedomRefinedSunflowerOil #SumaKanakala

The Hindu

Crude Prices Soar on Concerns About Escalation of the Israeli-Hamas War

November WTI crude oil (CLX23 ) on Friday closed up +4.78 (+5.77%), and Nov RBOB gasoline (RBX23 ) closed up +10.03 (+4.63%). Nov WTI crude oil and gasoline prices Friday rallied sharply, with crude soaring to a 1-week high. Crude prices surged on concern the Israel-Hamas conflict may spread, potentially...

Barchart

Gauging the Grain Market: Where are Soybeans, Corn, and Wheat Headed?

Earlier today, I was interviewed by Michelle Rook on AgWeb's Markets Now. We spoke about the action in the grain markets, energy markets, gold, cattle, and interest rates.

Barchart

US oil production hits all-time high, conflicting with efforts to cut heat-trapping pollution

United States domestic oil production has hit an all-time high last week, contrasting with efforts to slice heat-trapping carbon emissions by the Biden administration and world leaders

The Independent UK

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Crude Surges on Fears the Israeli-Hamas War Could Escalate

November WTI crude oil (CLX23 ) this morning is up +3.51 (+4.23%), and Nov RBOB gasoline (RBX23 ) is up +8.67 (+4.00%). Nov WTI crude oil and gasoline prices this morning are sharply higher on concern the Israel-Hamas conflict may spread, potentially disrupting Middle East crude supplies. The conflict could...

Barchart

'I will be completely independent': New EU climate commissioner Wopke Hoekstra

Talking Europe hosts the newly appointed EU Commissioner for Climate Action, Wopke Hoekstra. The EU has put the Green Deal at the heart of its policy making, and Hoekstra was confirmed in the key job after somewhat fractious hearings in the European Parliament, where some MEPs drew attention to his…

France 24

Western sanctions haven't curbed Russian oil profits, but the green energy transition could

Western sanctions that put a price cap on Russian oil exports from December 2022 aimed to cause the country significant economic pain after its invasion of Ukraine last year. The idea was to curtail the amount Russia makes from its oil while ensuring it continues to flow into the global…

The Conversation

Exxon Mobil (XOM) vs. Adams Resources & Energy (AE) – Which Energy Stock Is Poised for Weekly Gains?

Given robust demand for oil and natural gas globally and surging crude oil prices, the energy sector is well-positioned for significant growth and profitability. Amid this backdrop, let’s compare energy stocks Exxon Mobil (XOM) and Adams Resources & Energy (AE) to determine which is poised for better weekly returns. Read…

StockNews.com

Kerth Gumbs’ recipe for cheese-stuffed gnocchi with tomato sauce

London fine dining meets Caribbean street food in this moreish dish from Fenchurch Restaurant head chef Kerth Gumbs – a vibrant treat inspired by the flavours of his childhood

The Guardian - UK

Crude Retreats as Weekly EIA Crude Inventories Unexpectedly Climb

November WTI crude oil (CLX23 ) on Thursday closed down -0.58 (-0.69%), and Nov RBOB gasoline (RBX23 ) closed down -4.51 (-2.04%). Nov WTI crude oil and gasoline prices Thursday gave up an early advance and closed moderately lower. Crude prices gave up an early rally Thursday as the dollar...

Barchart

50 years ago when the Middle East was at war, oil prices skyrocketed. But it probably won't happen this time.

Global oil prices jumped after Israel declared war on Hamas in response to its unexpected attack on Israel on Saturday, the eve of the 50th anniversary of the 1973 Arab-Israeli War.

The Conversation

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Barchart

Crude Slightly Higher on Geopolitical Risks in the Middle East

November WTI crude oil (CLX23 ) this morning is up +0.17 (+0.20%), and Nov RBOB gasoline (RBX23 ) is down -3.74 (-1.69%). Nov WTI crude oil and gasoline prices this morning are mixed. Crude has support today on concerns about the Israel-Hamas conflict spreading. Also, comments today from Saudi Energy...

StockNews.com

Top 3 Gas & Oil Stocks With Bright Prospects

The ongoing surge in global oil prices and the strong worldwide demand for oil and natural gas are bolstering the energy industry. Hence, quality gas and oil stocks NuStar Energy (NS), Enterprise Products (EPD), and Cheniere Energy (CQP), with bright prospects, might be ideal buys. Read more.

The Guardian - UK

‘Who wasn’t complicit?’ How Martin Scorsese won the trust of the Osage Nation

The director brought in Chief Standing Bear as a consultant on Killers of the Flower Moon. When they met, Scorsese made it clear that the crime drama would not be an insensitive Hollywood portrayal of Native Americans

Evening Standard

Rishi Sunak’s pledge to halve inflation is now under real threat

If oil and gas deliveries reduce, prices will soar. In anticipation of what may unfold, they have been climbing already

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news in one place.

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StockNews.com

3 Energy Stocks With Massive Potential for Gains

Rising crude oil prices, with surging demand and constrained supply, are expected to boost the prospects of the energy industry. Therefore, it could be wise to buy fundamentally strong energy stocks Halliburton (HAL), Matrix Service Company (MTRX), and ChampionX (CHX). Read more….

The Independent UK

The US government sanctions two shipping companies for violating the Russian oil price cap

The Treasury Department has imposed its first set of sanctions on two companies that shipped Russian oil in violation of a multinational price cap

The Guardian - UK

Court orders Estonian state energy firm to halt shale oil plant construction

Judges rule environmental impact in Narva-Jõesuu had not been fully assessed after activists brought case

The Independent UK

Japanese automaker Toyota and energy company Idemitsu to cooperate on EV battery technology

Japan’s top automaker Toyota and Idemitsu, a major oil company, say they will cooperate on technology for mass production of solid-state batteries that promise to be a key component in future electric vehicles

The Guardian - US

Biden under pressure to refreeze $6bn in Iranian oil money after Hamas attack

Five Democrats join Republicans in calls to renege on agreement unless it is proved country wasn’t involved in assault

The Conversation

How oil companies put the responsibility for climate change on consumers

The political response to the climate crisis remains largely inadequate in the face of heat waves, hurricanes, floods and forest fires that are accelerating and intensifying.

Barchart

Crude Prices Retreat on Lack of Oil-Flow Disruption Thus Far from Israel-Hamas Conflict

November WTI crude oil (CLX23 ) on Wednesday closed down -2.48 (-2.88%), and Nov RBOB gasoline (RBX23 ) closed down -4.83 (-2.11%). Nov WTI crude oil and gasoline prices Wednesday fell sharply on initial indications the war between Israel and Hamas will have a limited impact on oil flows in...

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