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The Latest Breaking News from Oil

BP Pledges Strategic 'Reset' As Profit Tumbles

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy.

International Business Times

BP boss vows to ‘reset’ strategy after annual profits slump

The FTSE 100 firm reported a 36% drop in profits to £7 billion, as speculation grows that it will turn away from renewables to improve returns.

Evening Standard

BP chief says it will ‘fundamentally reset’ amid threat of activist investor

Murray Auchincloss promises improvements after annual profits fell to $8.9bn last year from almost $14bn in 2023

The Guardian - UK

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Labour Civil War Erupts as Keir Starmer and Rachel Reeves Face Backlash Over Oil Refinery Jobs

The MP representing Grangemouth has expressed frustration over the “underwhelming” responses from his Labour colleagues.

The Fashion Central

Wrecked: This Mazda 2.0L Skyactiv Engine Put a Rod Through the Block

Certain parts of an engine shouldn’t be visible from the outside. If they are, something went wrong. It’s often not normal wear and tear that puts a rod through a block, so being able to see straight through this Mazda 2.0-liter Skyactiv engine means bad things happened inside.

Motor1

Who is The Florida Oil Tycoon Who Reportedly Brokered The Meeting Between Venezuela's Maduro And The Trump Admin

Harry Sargeant III, who has long sought to expand his energy dealings in Venezuela, was allegedly a key figure in facilitating negotiations

Latin Times

Crude Oil Rallies as Middle Eastern Crude Producers Raise Prices

March WTI crude oil (CLH25 ) Monday closed up +1.32 (+1.86%), and March RBOB gasoline (RBH25 ) closed down -0.0008 (-0.04%). Crude oil and gasoline prices settled mixed Monday. Crude oil prices rallied as tighter US sanctions on Russian crude limited global oil supplies, allowing the largest Middle Eastern oil...

Barchart

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3 Oil & Gas Stocks Benefiting from Rising Energy Prices

The recent oil price hikes have boosted the prospects of the energy market, making investment in oil & gas stocks a suitable choice. Thus, adding quality oil and gas stocks Obsidian Energy (OBE), Suncor Energy (SU), and VAALCO Energy (EGY), which are benefiting from rising energy prices, could be ideal…

StockNews.com

Project 2025 adviser takes the reins at EPA region including Texas

Scott Mason IV, a former deputy energy secretary for Oklahoma and member of the Cherokee nation, is the new administrator for the region that covers Texas and four neighboring states.

The Texas Tribune

Thousands of North Sea jobs at risk because of Government’s zealotry, Tories say

Shadow environment minister Andrew Bowie pressed the Government on its plans for Rosebank and Jackdaw.

Evening Standard

There isn’t enough ‘sustainable’ aviation fuel to make a dent in our emissions – and there won’t be for years

The UK chancellor, Rachel Reeves, has described so-called sustainable aviation fuel (SAF) as a “game changer”. As she announced government support for a series of airport expansions, she said that the fuel “can reduce carbon emissions from flying by 70%”.

The Conversation

Crude Rallies as Middle Eastern Crude Producers Raise Prices

March WTI crude oil (CLH25 ) today is up +1.16 (+1.63%), and March RBOB gasoline (RBH25 ) is up +0.0046 (+0.22%). Crude oil and gasoline prices today are moderately higher as tighter US sanctions on Russian crude limit global oil supplies and allow the biggest Middle Eastern oil producers to...

Barchart

The lie behind Trump's imperial ambition

After winning by a bigger margin than in 2016, Donald Trump now sees himself as omnipotent and invincible

Salon

BP shares jump after feared US hedge fund Elliott takes stake

Activist fund predicted to push for overhaul of oil company’s strategy and shake-up of board

The Guardian - UK

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MarketBeat

2 Defensive Energy Stocks to Hedge Against Trade Turmoil

Two energy sector firms may appeal to investors looking for stability during a period of broad uncertainty about U.S. tariffs and their impact on markets.

MarketBeat

2 Stocks to Shield Your Portfolio from AI and Tech Froth

With fears of market froth, especially among many tech and AI names, these stocks can provide diversification from technological risks.

Evening Standard

BP shares jump after activist investor reportedly buys stake

The reported stake-buying by Elliott has fuelled speculation over strategy changes at the oil giant and an overhaul of its management.

The Independent UK

Big flavours, small shopping list: 7-ingredient recipes you’ll love

From zesty chicken orzo to cheesy kimchi rice, these budget-friendly dishes prove you don’t need a trolley-full of ingredients to make something truly delicious

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news in one place.

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AAP

Foiled stunt at Woodside boss's home earns heavy fines

Three climate activists have copped heavy fines after counter-terrorism police stopped them in the tracks before painting the garage door of Woodside's boss.

Fortune

Meet the $25 billion Hunt family, whose oil wealth created the Kansas City Chiefs and seeded other top teams in pro sports

The Hunt family not only owns the most successful NFL team in recent years, but is a trailblazer for other sports outside of football.

Inverse

55 bargain finds on Amazon nobody will know were cheap AF

From high-end-looking decor to handy AF gadgets, there are so many bargain products that Amazon simply cannot keep on the shelves because of how cheap they are.

The Guardian - UK

An existential risk: can BP avoid becoming a prime takeover target?

CEO has ‘narrow window’ to come up with positive shift in strategy to win back investor confidence, say analysts

The National (Scotland)

'I don't know': Labour MP in blunt response to Anas Sarwar's 'save Grangemouth' vow

A LABOUR MP has admitted he “does not know” what happened to Anas Sarwar’s pledge to save jobs at the Grangemouth oil refinery.

Fortune

Trump is vowing to tap America’s ‘liquid gold’ oil reserves to make America rich again

Donald Trump used his inauguration speech to pledge America's economy would be boosted by oil reserves. Shareholders in the industry are agnostic to his wishes.

Ideal Home

I tested this affordable Dunelm oil-filled radiator to see if it could outperform my central heating — it’s safe to say that I’m impressed

It was £59, but now only £29.50 while stocks last

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