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The Latest Breaking News from Oil

Crude Prices Extend Gains as Active U.S. Oil Rigs Fall

July WTI crude oil (CLN23 ) on Friday closed up +1.16 (+1.64%), and July RBOB gasoline (RBN23 ) closed up +3.88 (+1.47%). Crude oil and gasoline prices Friday moved higher the entire day, with crude posting a 1-week high and gasoline posting a 2-week high. Crude prices rose Friday on...

Barchart

If Major Market Sectors are Bullish, Is it Actually a Recession?

There continues to be an endless stream of chatter about how the US is in a recession, due in part to commodities. But let's ask ourselves, is it actually a recession?

Barchart

Crude Prices Remain Firm on Optimism China Will Boost Stimulus

July WTI crude oil (CLN23 ) this morning is up +0.30 (+0.42%), and July RBOB gasoline (RBN23 ) is up +0.71 (+0.27%). July Nymex natural gas (NGN23 ) is up +0.073 (+2.88%). Crude oil and gasoline prices this morning rose to 1-week highs and are moderately higher. Crude prices are...

Barchart

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Has the world finally reached ‘peak oil’?

The International Energy Agency (IEA) says global oil demand will slow “markedly” in the coming years and a peak is “on the horizon”.

The Week

Michael Hiltzik: A farewell to James G. Watt, environmental vandal and proto-Trumpian

Last week was so chock full o' news, what with the Trump indictment and the deaths of religious right-winger Pat Robertson and the Unabomber Ted Kaczynski, that I'm concerned that another significant passing has received far less attention than it deserved.

Los Angeles Times

Antrim company Fast Engineering helps UN prevent environmental disaster in Red Sea

The companies containment units are in position to capture potential oil spills from a super tanker held hostage off the coast of Yemen

Birmingham Post

Treat Dad this Father’s Day to these viral TikTok recipes

If the saying ‘the way to a man’s heart is through his stomach’ is true, there’s no better way to celebrate than by cooking up a seriously scrumptious meal, says Margie Nomura

The Independent UK

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India, China bought 80% of Russia's oil in May: International Energy Agency

India has increased purchases from almost nothing to close to 2 million barrels per day, while China has raised liftings to 2.2 million barrels per day. With Europe banning import and G7 imposing shipping restrictions on Russian oil, more than 90% of the product is now headed to Asia, with…

The Hindu

Rebranded Saudi crown prince meets Macron as rights groups decry ‘hypocrisy’

Saudi Crown Prince Mohammed bin Salman meets French President Emmanuel Macron in Paris on Friday at the start of a visit aimed at boosting bilateral ties and the oil kingdom’s standing in the international community. But human rights groups warn that the Saudi's gain is France’s loss on an increasingly…

France 24

Cannabis farmer avoids jail after 120 plants worth up to £45,000 are found at his North Shields home

Ian Howard, who has 70 offences on his record, including two for cultivating the class B drug, claimed he'd been growing the crop to make cannabis oil for himself

Chronicle Live

US says price caps on Russia's oil are cutting revenue nearly in half and weakening its economy

When the Group of Seven nations, the European Union and Australia last year announced a plan to cap the price of Russian oil, U.S. officials said it would deliver a most effective blow to Russia’s economy, undermining its greatest revenue source

The Independent UK

Bureau chief tied to illegal oil incident

The director of the Excise Department's Prevention and Suppression Bureau was involved in a case of illegally transported oil detected by the Highway Police on June 7, according to the results of an internal probe.

Bangkok Post

UN chief says fossil fuels 'incompatible with human survival'

The head of the United Nations launched a tirade against fossil fuel companies Thursday, accusing them of betraying future generations and undermining efforts to phase out a product he called “incompatible with human survival.”

France 24

Just Stop Oil protesters interrupt opera at Glyndebourne festival

Three activists use glitter cannons and air horns during performance of Poulenc’s Dialogues des Carmélites

The Guardian - UK

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Barchart

Crude Sharply Higher on China Energy Demand Optimism

July WTI crude oil (CLN23 ) on Thursday closed up +2.35 (+3.44%), and July RBOB gasoline (RBN23 ) closed up +8.71 (+3.41%). Crude oil and gasoline prices Thursday settled sharply higher. A slump in the dollar index Thursday to a 1-month low is bullish for energy prices. Crude also found...

StockNews.com

3 Energy Stocks Rated Buy NOW

Rising oil and gas exploration activities to meet the world’s increasing energy demand is poised to keep the energy services industry afloat in the foreseeable future. Therefore, investing in Buy-rated fundamentally strong energy stocks ChampionX Corporation (CHX), MRC Global (MRC), and Geospace Technologies (GEOS) could be wise. Read on….

Barchart

Crude Rallies on Dollar Weakness and China's Interest Rate Cut

July WTI crude oil (CLN23 ) this morning is up +1.56 (+2.29%), and July RBOB gasoline (RBN23 ) is up +6.80 (+2.66%). July Nymex natural gas (NGN23 ) is up +0.191 (+8.16%). Crude oil and gasoline prices this morning are moderately higher. A slump in the dollar index today to...

The Independent UK

UN requires delegates at climate talks to reveal affiliation in effort to curb lobbying by Big Oil

The United Nations will require delegates attending the global body’s annual climate summit to disclose their affiliation in an effort to clamp down on undue influence by fossil fuel companies and others

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Evening Standard

Best essential oils to elevate your aromatherapy practice

Lovely smells for relaxation spells

The Conversation

Will Danielle Smith veer back to the right and towards Alberta separatism?

With a fresh and workable majority, Alberta Premier Danielle Smith is facing the choice of conforming to her moderate election stance or pushing the strategies of various quasi-separatist groups like Take Back Alberta and Project Confederation.

Daily Record

Brooklyn Beckham slammed again online for 'out of touch' cooking video

The aspiring chef often posts cooking videos online but his most recent one didn't go down well with fans.

Insider UK

Shell faces backlash for ‘destructive’ decision to abandon oil reduction plans

Plan to reduce oil production by up to 2% each year this decade dropped, with claim that oil field sell-offs mean target already reached

Marie Claire

6 ways to care for your hair during summer, according to experts

Because the sun can really take its toll

The Guardian - UK

Eat the rainbow! 10 spectacular salads to help you eat 30 plants a week

The more colourful your plate, the more nourishing it will be, too. Here’s how to eat the widest range of veg – while having your most delicious summer ever

The Independent UK

Brooklyn Beckham divides viewers with fried chicken recipe

‘That’s at least $25 worth of avocado oil,’ one viewer claims

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