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The Latest Breaking News from Oil

EV sales growth points to oil demand peaking by 2030 − so why is the oil industry doubling down on production?

Electric vehicle sales are growing faster than expected around the world, and, sales of gas- and diesel-powered vehicles have been falling. Yet, the U.S. government still forecasts an increasing demand for oil, and the oil industry is doubling down on production plans.

The Conversation

Crude oil tops $95 a barrel raising fears of return to rising inflation

Oil price is bad news for central banks trying to tame inflation and will add to pressure to further increase interest rates

The Guardian - UK

As autoworkers' strike continues in US, Ford workers threaten walkout in Canada

Negotiations between the Canadian Unifor union – representing 5,700 workers – and carmaker Ford have been extended for another 24 hours after a prior labour contract expired at midnight on Monday. A strike could be on the cards if a deal is not found by then. Meanwhile, the US's major…

France 24

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S&P Futures Tick Higher Ahead of FOMC Meeting, Oil’s Climb Raises Inflation Concerns

December S&P 500 futures (ESZ23) are trending up +0.12% this morning as market participants geared up for a big week for central banks, with the spotlight on the Federal Reserve’s interest rate decision on Wednesday.

Barchart

Oil hits $95 per barrel; CBI postpones annual meeting amid ‘cashflow challenges’ – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude hits 10-month high and CBI puts annual meeting on hold amid financial woes

The Guardian - UK

Is French cooking ever fuss-free?

Michel Roux’s latest book takes French cooking back to basics. From seafood taglioni to frangipani tart, Prudence Wade sees what all the fuss is about (or rather, if there’s any fuss at all)

The Independent UK

Are These 3 Energy Stocks Offering Attractive Buying Opportunities?

The worldwide demand for oil continues to surge to unprecedented levels. Amid such heightened demand, would it be wise to take a long position on three energy stocks ChampionX Corp (CHX), REX American Resources (REX), and Ranger Energy Services (RNGR)? Let’s find out….

StockNews.com

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1 Standout Oil Stock to Buy as Crude Hits Another New 2023 High

Soaring oil prices are just one factor that make this outperforming energy stock a top choice for investors.

Barchart

Crude Prices Continue Higher on Tight Supply Outlook

October WTI crude oil (CLV23 ) today is up +1.14 (+1.26%), and Oct RBOB gasoline (RBV23 ) is up +0.0141 (+0.52%). Oct WTI crude oil prices today climbed to a new 11-month high, extending the rally seen in the past three months. Oil prices have support from forecasts last week...

Barchart

Scottish university develops 'sustainable and healthy' alternative to palm oil

RESEARCHERS at a Scottish university have developed a healthy and environmentally friendly alternative to palm oil.

The National (Scotland)

Iran frees Americans in a swap, gets access to oil money, release of Iranians in U.S.

It's the latest in what has been decades of prisoner swaps between the two countries. The Americans include Siamak Namazi, held since 2015, and Morad Tahbaz and Emad Shargi, both detained in 2018.

WEKU

Five Americans head home in $6bn US-Iran prisoner swap deal

Joe Biden announces return of detainees as US in turn frees five Iranians under controversial agreement

The Guardian - UK

Jane Baxter’s budget recipes for Spanish-style chickpeas

A spinach and chickpea salad and a chickpea and chorizo fideuà made with toasted angel-hair pasta

The Guardian - UK

Inflation rate set to rise again as Bank of England decision on interest rates looms

Core inflation, which excludes food and energy prices, fell to 6.2 per cent, shocking economists and likely putting an interest rate pause on the table when the Bank of England meets on Thursday

Evening Standard

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StockNews.com

2 Oil Stocks to Buy Today, 1 to Keep an Eye On

Surging oil prices on solid demand worldwide and extended production cuts by Saudi and Russia are driving the energy sector’s growth. Amid this backdrop, it could be wise to invest in fundamentally sound oil stocks Cheniere Energy (CQP) and Global Partners (GLP), while investors could keep an eye on Viper…

The Independent UK

Six healthy recipes that both you and your gut will love

Dr Joan Ransley shares six recipes that showcase how easy and delicious it can be to cook to support digestive health

The Independent UK

14 climate activists arrested for spray-painting Berlin’s iconic Brandenburg Gate bright orange

‘It is time for a political change,’ says group as thousands gather across continents for climate protests

The Independent UK

Extinction Rebellion pour fake oil over steps of Labour HQ

Activists are calling on the party to cancel any oil licences granted by the Conservatives before the next election if it comes to power.

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The Guardian - UK

First Thing: US and Iran expected to complete $6bn prisoner swap deal

Conservationist Morad Tahbaz among prisoners to be swapped in deal involving unfreezing of Iranian oil money. Plus, has the Chinese economy reached its peak?

Evening Standard

FTSE 100 Live: Shares close down 0.8% as oil price surges near $95 a barrel, S4 plunges

A profit warning by B&Q owner Kingfisher and robust trading figures from Ocado provided the main interest in the FTSE 100 today.

The Guardian - UK

US and Iran expected to complete $6bn prisoner swap deal

Conservationist Morad Tahbaz among prisoners to be swapped in deal involving unfreezing of Iranian oil money

The Independent UK

Architect mourns as iconic Sudan skyscraper engulfed in flames: ‘Such senseless destruction’

Seeing Khartoum’s Greater Nile Petroleum Oil Company Tower in flames is ‘truly painful’, Tagreed Abdin says

AAP

Petrol price surge further stretches household budgets

Motorists have been hit in the hip pocket by petrol price rises and the latest spike may put a dent in the Reserve Bank's fight against inflation.

France 24

Tens of thousands march against fossil fuels in New York ahead of climate summit

Yelling that the future and their lives depend on ending fossil fuels, tens of thousands of protesters on Sunday kicked off a week where leaders will try once again to curb climate change primarily caused by coal, oil and natural gas.

The Guardian - AU

How a burnt out, abandoned ship reveals the secrets of a shadow tanker network

The number of vessels transporting sanctioned oil is booming and the consequences can be felt across the world – from Iran, to China, to Ukraine

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