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The Latest Breaking News from Oil

Chevron to sell off its remaining North Sea oil and gas fields

US company denies decision is linked to UK’s 35% windfall tax on North Sea producers

The Guardian - UK

Crude Posts Moderate Gains on Tight Supplies and US Energy Demand Optimism

June WTI crude oil (CLM24 ) on Thursday closed up +0.60 (+0.76%), and June RBOB gasoline (RBM24 ) closed up +4.10 (+1.64%). Crude oil and gasoline settled moderately higher on Thursday. Crude has carryover support from Wednesday's weekly EIA report, which showed declines in crude and gasoline supplies. Also, Thursday's...

Barchart

Rain, cooler temperatures help prevent wildfire near Canada's oil sands from growing

A wildfire that has forced thousands of people out of their homes in Canada’s oil sands hub city of Fort McMurray, Alberta is being held in place as rain and cooler temperatures sweep through the area

The Independent UK

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Pa-rental guidance benefits charities

Letters: Charging children rent | Keffiyehs and kippahs | A well-oiled cyclist | Sex (and other) education | 100-year mortgages

The Guardian - UK

Crude Gains on Tight Supplies and US Energy Demand Optimism

June WTI crude oil (CLM24 ) this morning is up +0.43 (+0.55%), and June RBOB gasoline (RBM24 ) is up +3.00 (+1.20%). Crude oil and gasoline prices this morning are moderately higher. Crude has support from today's rally in the S&P 500 to a new record high, which shows optimism...

Barchart

Marathon Oil Stock: Analyst Estimates & Ratings

Marathon Oil has underperformed the broader market this year, but Wall Street analysts are optimistic about the stock’s recovery potential.

Barchart

Alleged ‘deal’ offer from Trump to big oil could save industry $110bn, study finds

Ex-president at Mar-a-Lago last month hosted more than 20 executives, including from Chevron, Exxon and Occidental Petroleum

The Guardian - US

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‘Just by breathing we are contaminated’: schoolgirls fight to extinguish Ecuador’s gas flares

A group of determined teenagers has taken the government to court for not doing more to protect their community from the noxious byproduct of oil extraction in the northern Amazon

The Guardian - UK

Barge hits bridge connecting Galveston and Pelican Island, causing oil to spill

The collision's impact sent pieces of the bridge, which connects Galveston to Pelican Island, tumbling on top of the barge and shut down a stretch of waterway so crews could clean up the spill.

WEKU

MPs urge Sunak to stop plans to ‘max out’ North Sea oil

Cross party MPs wrote to Rishi Sunak to end the current approach to North Sea oil and gas

The Independent UK

Oil Prices Surge Due To Slower US Inflation And High Demand

Learn about the factors driving the recent surge in oil prices, from global demand to geopolitical tensions.

Top News

Barge Collision Causes Bridge Collapse In Galveston, Texas

Barge collision in Galveston causes bridge collapse, oil spill, and power outage, impacting critical ecosystem.

The Guardian - UK

Not all culture was lost during the war

Brief letters: Paintings kept safe | The red king | A heart-stopping euphemism | Uses for olive oil | Useless tools

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The Guardian - UK

UK climate activists convicted in first trial of new anti-protest laws

Phoebe Plummer, Chiara Sarti and Daniel Hall took part in protest march last year in Just Stop Oil campaign

Barchart

Crude Recovers Early Losses on Dollar Weakness and a Fall in EIA Inventories

June WTI crude oil (CLM24 ) today is up +0.11 (+0.14%), and June RBOB gasoline (RBM24 ) is up +2.53 (+1.03%). Crude oil and gasoline prices rebounded from 2-1/2 month lows and are slightly higher. Crude today initially moved lower after the IEA cut its 2024 global crude demand forecast....

Barchart

Schlumberger Stock Outlook: Is Wall Street Bullish or Bearish?

Although Schlumberger has underperformed the broader market YTD, Wall Street analysts are optimistic about the stock’s rebound potential.

Homes & Gardens

How to get oil stains off a driveway – 5 hacks to break down and wash off the oil

These methods to break down, scrub, and wash away oil stains are your best line of defence to prevent them from setting – act quickly for effective results.

The Guardian - UK

First Thing: Donald Trump’s Mar-a-Lago dinner with oil bosses

Trump is under investigation by House Democrats for hosting dinner where he reportedly asked oil and gas company executives for $1bn campaign contribution in exchange for scrapping environmental regulations. Plus: Antony Blinken picks up a guitar

Cycling Weekly

British Cycling targeted by anti-Shell billboards

Activists from Brandalism have replaced adverts with their own artwork across the country ahead of Shell's AGM

The Guardian - US

Top US ethics watchdog investigating Trump over dinner with oil bosses

Citizens for Responsibility and Ethics in Washington ‘taking very serious look’ at whether Mar-a-Lago meeting justifies legal action

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