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The Latest Breaking News from Oil

World not ready yet to 'switch off' fossil fuels, COP28 host UAE says

The United Arab Emirates said on Tuesday that countries should agree to phase out fuel emissions - not the production of oil, gas and coal - at the upcoming U.N. climate change negotiations that it will host this December.

Reuters

Crude Closes Higher as U.S. Plans to Refill SPR After Repairs

June WTI crude oil (CLM23 ) on Tuesday closed up +0.55 (+0.75%), and June RBOB gasoline (RBM23 ) closed up +1.83 (+0.74%). Crude oil and gasoline prices Tuesday recovered from early losses and rose to 1-week highs. Short covering emerged in crude after the Biden administration said Tuesday it was...

Barchart

Best Oil Stock to Buy Today

Energy sector giant Cheniere Energy (LNG) reported solid fiscal 2023 first quarter results and is well-placed to continue its business momentum this year, driven by high energy demand and the company’s strategic initiatives to boost its production capacity. Given its strong fundamentals, this leading oil stock could be a solid…

StockNews.com

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IOCL mobilises additional cylinders from neighbouring States to bring down backlog in delivery

In an effort to reduce the backlog in the delivery of liquefied petroleum gas (LPG) cylinders, Indian Oil Corporation Ltd. (IOCL) is bringing in refills from Karnataka, Kerala, Telangana and Puducherry

The Hindu

Support for domestic oil production over imports is 'false choice', say campaigners

A MAJORITY of Scots believe that the UK should meet its continuing demand for oil and gas by producing it domestically, according to a new poll.

The National (Scotland)

3 Best Energy Stocks to Buy Now

Increased oil demand from China amid production cuts could raise the growth prospects for the energy sector. Given this backdrop, quality energy stocks North American Construction Group (NOA), Ranger Energy Services (RNGR), and Graham Corporation (GHM) could be solid portfolio additions now. Read on….

StockNews.com

Dollar Strength and China Economic Concerns Weigh on Crude Prices

June WTI crude oil (CLM23 ) this morning is down -1.51 (-2.06%), and June RBOB gasoline (RBM23 ) is down -3.37 (-1.37%). June Nymex natural gas (NGM23 ) is down -0.013 (-0.58%). Crude oil and gasoline prices this morning are moderately lower. A stronger dollar today is weighing on energy...

Barchart

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Can’t-believe-it’s-so-quick aromatic shrimp curry

Great British Menu host Andi Oliver’s Caribbean curry is full of flavour, says Katie Wright

The Independent UK

Messi's father refutes rumours of deal to play in Saudi Arabia

Lionel Messi has not "signed or agreed" a deal to play in Saudi Arabia next season, the Argentine's father said after reports on Tuesday linked the Paris St Germain forward with a move to the Middle East.

France 24

The Best Oil and Gas Stock to Buy Right Now

Constrained supplies and soaring demand for oil and gas have created enduring tailwinds for the energy sector. In addition to the industry tailwinds, prominent energy stock Marathon Petroleum’s (MPC) impressive fundamentals could make it a solid buy this summer. Read on….

StockNews.com

Eco-activists Just Stop Oil bring Camden to a standstill

Just Stop Oil activists launched a “come and arrest us” challenge to the Metropolitan Police as they brought Camden to a standstill with their latest slow march protest.

Evening Standard

Just Stop Oil protest leaves London commuters feeling 'very angry'

Protesters walked slowly in front of traffic London

Wales Online

Saudi oil group Aramco to pay more to state despite profits drop

World’s largest energy company’s first-quarter profits fall by 19% to $32bn after dip in oil prices

The Guardian - UK

'Despite invasion, destruction and abandonment Samarkand remains beautiful'

Geoff Hill delves into Samarkand’s beautiful history and rebirth amid huge investment from local tycoon Bakhtiyor Fazilov, who’s made billions from gas, oil and property

Daily Mirror

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The Guardian - UK

Italian oil firm Eni faces lawsuit alleging early knowledge of climate crisis

Exclusive: Company accused of ‘lobbying and greenwashing’ for more fossil fuels despite knowing of risks

Daily Mirror

Just Stop Oil protesters hold up traffic in latest slow march through London

Activists from the climate action group walked slowly in front of traffic in Camden, North London holding up banners reading "Just Stop Oil", on Tuesday morning

The Independent UK

Just Stop Oil activists hold up traffic in north London

Police observed the protesters on their walk from Delancey Street to Chalk Farm via Camden Town and did not intervene.

The Independent UK

Oil giant Saudi Aramco's 1st quarter profit down 20% to $31B

Oil giant Saudi Aramco has reported a first-quarter profit of $31.88 billion, down nearly 20% from the same period last year as energy prices have sunk over global recession concerns

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Insider UK

Most Scots see North Sea energy industry 'as a benefit to economy'

Poll comes as the consultation on the Scottish Government’s Energy Strategy and Just Transition ends

The Guardian - UK

‘Mind-boggling’ methane emissions from Turkmenistan revealed

Leaks of potent greenhouse gas could be easily fixed, say experts, and would rapidly reduce global heating

The Conversation

The end of offshore oil and gas exploration in NZ was hard won – but it remains politically fragile

Recent news that the New Zealand government has granted an offshore oil and gas exploration permit it had earlier declined demonstrates how fragile the current ban on such activity still is.

Barchart

Crude Prices Close Higher on Disruptions to Canadian Crude Production

June WTI crude oil (CLM23 ) on Monday closed up +1.82 (+2.55%), and June RBOB gasoline (RBM23 ) closed up +8.26 (+3.47%). Crude oil and gasoline prices Monday settled moderately higher. Crude prices rose Monday on carryover support from last Friday's stronger-than-expected U.S. Apr payroll report that eased recession fears...

Salon

Turn $50 at TJ's into 5 homemade meals

"A trip to TJ's certainly won't come at the expense of quality — or your paycheck!"

Reuters

Rightward slant of UCP candidate slate risks upsetting moderate Alberta voters

As Canada's oil province Alberta gears up for a May 29 election, some political analysts say the candidates being put forward by right-wing premier Danielle Smith's ruling United Conservative Party (UCP) may deter voters more used to moderate conservative lawmakers.

StockNews.com

Best Energy Stock to Buy With the Most Potential

Energy drilling services provider Superior Drilling Products (SDPI) shows promising prospects with the growing demand for oil and gas. Hence, this energy stock could be a wise pick now. Let’s look at some of its key metrics….

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