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The Latest Breaking News from Oil

Russian Economy Shows Resilience Amid Sanctions

Russia's economy adapts to sanctions with domestic alternatives, maintaining stability despite challenges. Inflation, low unemployment, and reliance on oil...

Top News

Ukrainian drones and missiles strike Russian oil refineries

Ukraine continues to target Russia’s oil and gas infrastructure.

Al Jazeera

Pro-Ukraine Militias Stage Attack On Russian Border Regions

Pro-Ukrainian militias staged a brazen cross-border attack on Russia on Tuesday, fighters and Russia's defence ministry said, hours after Kyiv launched one of its largest drone attacks since the start of the war.

International Business Times

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No big North Sea fossil fuel country has plan to stop drilling in time for 1.5C goal

UK, Germany, Netherlands, Norway and Denmark have failed to align oil and gas policies with Paris pledges, say campaigners

The Guardian - UK

Concerns as new oil well operator rises from the ashes of liquidated Tamarind

The same executives who ran Malaysian-owned firm Tamarind Resources into the ground, leaving the government with a half-billion dollar clean-up, are back operating its oil and gas permits in Taranaki again – just under a new company name. Jonathan Milne investigates.

Newsroom.co.nz

Crude Prices Lower on Underlying Concerns about Chinese Demand and Russian Output

April WTI crude oil (CLJ24 ) today is down -0.11 (-0.14%), and Apr RBOB gasoline (RBJ24 ) is up +0.0260 (+1.03%). Crude oil prices are being undercut by by the slightly higher dollar index and by today's weakness in stocks. Also, crude oil is seeing some bearish carry-over after the...

Barchart

Many of the U.S. Banks Funding Coal Have an Unusual Carve-Out

They will still directly fund coal plants that are taking steps to abate their emissions using the untested technology.

Capital & Main

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ONGC puts seismic survey in Eastern Offshore block in Krishna Godavari basin on hold

The Oil and Natural Gas Corporation (ONGC) has put on hold a seismic survey, scheduled to be carried out between the first week of March and July 2024, in the Krishna-Godavari-DWN-98/2 block (Cluster-II), 65 km off Kakinada coast in the Eatern Offshore.

The Hindu

Crude Oil: Is the Bullish Trend Our Friend?

NYMEX WTI and ICE Brent crude oil prices have made higher lows and higher highs since the mid-December 2023 lows. The trend is always your best friend in markets across all asset classes until it bends.

Barchart

Rachel Roddy’s recipe for Puglian rice, potato and mussel bake, or tiella

A layered bake of potatoes, risotto rice, cheese and mussels that will leave your kitchen smelling like the sea

The Guardian - UK

Room fragrance designer reveals how the right scent can help you fall asleep and stay asleep for longer

Gaining a good night’s sleep is not always easy, but did you know that the right scent can help you fall asleep and stay asleep for longer?

Tom’s Guide

How to clean a pizza baking stone - 6 easy steps to clean and prevent food spills and stains

Nope, soap and water are not welcome here

Ideal Home

Saudi Aramco Reports 1 Billion Profit In 2023

Aramco's 2023 profit of 1 billion reflects resilience amidst energy price challenges and strategic shifts in Saudi Arabia's economy.

Top News

US Coast Guard Reports No Remaining Recoverable Oil Sheen

US Coast Guard successfully cleans up oil sheen off California coast after prompt response to spill incident.

The Guardian - UK

Snake oil on steroids: the dishonesty at the heart of Jeremy Hunt’s budget

Unfunded pledges and election gimmicks – from Tories or Labour – are last thing Britain needs

Marie Claire

Wellness Escapes: Why W Costa Navarino will forever be one of my go-to holiday destinations

Already dreaming of a summer getaway? Bookmark this one for later.

International Business Times

In Climate Push, German Chemical Maker Swaps Oil For Sugar

At one of Europe's largest chemical complexes, German group Covestro is trialling the manufacture of a key product using sugar as a base material instead of oil, as the industry seeks to reduce its carbon footprint.

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The Guardian - UK

Olive oil becomes most wanted item for shoplifters in Spain

Gangs steal ‘liquid gold’ amid shortages and surging prices after extreme weather damages harvests

The Hindu

PM Modi unveils development projects in Assam, accuses Congress of ignoring Northeast

PM Modi in Assam: PM Modi unveils ₹17,500 crore development projects in Assam, including healthcare, oil, gas, railway, housing sectors, and a statue.

Marie Claire

Using Rosemary Oil for Hair Growth Has Gone Viral—But Is It Worth the Buzz?

A dermatologist set me straight—and on the path to longer, stronger hair.

Barchart

Crude Prices Settle Lower on Chinese Energy Demand Concerns

April WTI crude oil (CLJ24 ) on Friday closed down -0.92 (-1.17%), and Apr RBOB gasoline (RBJ24 ) closed down -2.76 (-1.08%). Crude oil and gasoline prices on Friday erased an early advance and turned lower on Chinese energy demand concerns. Also, Friday's stock weakness undercut confidence in the economic...

Marie Claire

10 Must-Shop Deals From Ulta’s Semi-Annual Beauty Event

According to a beauty-obsessed shopping editor.

Barchart

Crude Prices Pressured by Outlook for Weaker Chinese Energy Demand

April WTI crude oil (CLJ24 ) this morning is down -1.22 (-1.55%), and Apr RBOB gasoline (RBJ24 ) is down -3.42 (-1.34%). Crude oil and gasoline prices this morning gave up an early advance and turned lower on Chinese energy demand concerns. Crude prices today initially moved higher after the...

StockNews.com

Streamline Your Investments With These 3 Energy Stocks

Oil and gas demand is expected to recover this year amid fears of tight supplies arising out of geopolitical tensions and production cuts announced by OPEC+. The supply curbs on oil production may lead to an increase in energy prices worldwide. Given this backdrop, quality energy stocks Petróleo Brasileiro S.A.…

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