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The Latest Breaking News from Oil

Nigeria’s NNPC, Norway’s Golar sign MoU on floating gas plant

Africa’s biggest oil producer holds some of the world’s biggest gas reserves and is seeking investment in the sector.

Al Jazeera

The "game changer" cleaning hack that removes oil stains on clothes in 60 minutes

TikTok users are going crazy for one woman's cleaning hack that gets rid of greasy oil stains on clothing in an hour. Here's what you need to pull it off.

GoodToKnow

Chile's state lithium push emerges as test for Latam resource nationalism

Chilean President Gabriel Boric's pitch last week to enshrine greater state control over lithium is emerging as the latest test for the resource nationalism embraced by Latin America's ascendant left but which has proven tough to implement in practice.

Reuters

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Ali died days before he could challenge BP’s CEO on the dangers of gas flaring. Don’t let his death be in vain

The 21-year-old Iraqi, who lived by a smoke-choked oilfield, died of cancer. His message must be heard, says journalist Jess Kelly

The Guardian - UK

Just Stop Oil protesters ordered to move off Waterloo Bridge

Metropolitan Police said protesters caused ‘severe and deliberate disruption’

Evening Standard

Offo sees slight dip in global oil prices

Global oil prices are expected to fall slightly as central banks continue to raise interest rates to tame high inflation, says the Oil Fuel Fund Office (Offo).

Bangkok Post

Goodbye to a Neighborhood

The industrial takeover of Freeport’s East End, a historically Black community, by Port Freeport oil and gas developers is almost complete.

Texas Observer

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Crude Prices Sink as U.S. Banking Woes May Undercut the Economy

June WTI crude oil (CLM23 ) on Wednesday closed down -2.77 (-3.59%), and June RBOB gasoline (RBM23 ) closed down -4.58 (-1.79%). Crude oil and gasoline prices Wednesday sold off sharply, with crude falling to a 3-1/2 week low and gasoline tumbling to a 5-week low. Energy prices are under...

Barchart

Sugar Prices Slip on Crude Oil Weakness and Expectations for Increased Brazil Sugar Output

May NY world sugar #11 (SBK23 ) on Wednesday closed down -0.14 (-0.53%), and Aug London white sugar #5 (SWQ23 ) closed down -10.00 (-1.42%). Sugar prices Wednesday fell back from 11-year highs and posted moderate losses. A slump of more than -2% in crude oil prices Wednesday sparked long...

Barchart

Wisconsin's only oil refinery to reopen after 2018 explosion

Wisconsin’s only oil refinery is on track to be fully operational in June after a $1.2 billion effort to rebuild the facility five years following an explosion

The Independent UK

3 Bullish Stocks to Keep on Your Watchlist

As uncertainty clouds the Fed’s impending decision next month, investing in fundamentally sound stocks such as BP p.l.c. (BP), Sumco Corp. (SUOPY), and TORM plc (TRMD), exhibiting solid momentum, could be beneficial. Read on….

StockNews.com

Tories 'let energy giants off hook' as windfall tax raises £2.7 BILLION less than target

Oil and gas firms paid £4.4billion in windfall tax payments in the past year, which is way below the £7.2billion the government had forecast

Daily Mirror

Crude Recovers Early Losses as EIA Crude Inventories Fall More Than Expected

June WTI crude oil (CLM23 ) this morning is up +0.03 (+0.04%), and June RBOB gasoline (RBM23 ) is up +1.18 (+0.46%). May Nymex natural gas (NGK23 ) is down -0.151 (-6.55%). Crude oil and gasoline prices this morning recovered from early losses and are slightly higher after weekly EIA...

Barchart

Stock Market: 4 Reasons to be Bearish on Stocks

With the recent stock market rally, what looked like some relief for the bulls now has bearish observations. For stock price rallies to be sustainable, there must be broad market participation. Perhaps the bear is awakening from its winter hibernation.

Barchart

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The Conversation

Replacing methane with hydrogen to heat homes is a bad idea -- here's why

Hydrogen is an energy-rich gas, which releases no carbon emissions when burned. It can be used in most equipment where fossil fuels such as natural gas (methane) or LPG (liquefied petroleum gas) are currently used. In your home, that might mean a gas boiler, heater, cooker or all three.

Motor1

Radical SR1 XXR Debuts With Upgraded 199-HP Engine, New Rear Fin

Durability upgrades to the engine include a longer time between oil changes.

The Conversation

Sudan's conflict has its roots in three decades of elites fighting over oil and energy

Sudan stands on the brink of yet another civil war sparked by the deadly confrontation between the Sudan Armed Forces of General Abdelfatah El-Burhan and the Rapid Support Forces of Mohamed Hamdan Dagalo (“Hemedti”).

The Conversation

Africa's oceans are being protected to serve the interests of big foreign corporates

Africa’s valuable ocean resources have drawn the interest of foreign nations, particularly those in the West and Asia.

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The Independent UK

Blow to government’s plan for more oil and gas drilling as High Court grants legal challenge

Climate authorities have repeatedly warned against new drilling for fossil fuels

Daily Record

Dad given one year to live now 'almost cancer free' after using cannabis oil

Luke Goodwin feels as “right as rain” when he takes the oils, alongside his chemotherapy treatment for stage 4 leiomyosarcoma.

Evening Standard

Just Stop Oil block traffic in Westminster for third time this week

Protesters began marching from five locations around Westminster and Lambeth

Asharq Al-Awsat

Oil Rises as Falling US Inventories Refocus Market on Demand

Oil rose on Wednesday after plunging more than 2% in the previous session as reports of falling US crude oil and fuel inventories refocused investors on robust demand in the world's top oil consumer. Brent crude climbed by 30 cents, or 0.4%, to $81.07 a barrel by 0358 GMT. US…

France 24

Shaky ceasefire enters second day as Sudanese, foreigners flee

A US-brokered ceasefire between Sudan's warring generals entered its second day Wednesday but remained fragile after witnesses reported fresh air strikes and paramilitaries claimed to have seized a major oil refinery. As combat eased, foreign governments organised civilian evacuations. Around 245 French and foreign nationals evacuated from Sudan landed in…

The Hindu

Fair price shops in T.N. likely to begin selling cooking gas cylinders

The Tamil Nadu Civil Supplies Department is mulling over a proposal to make available, cooking gas cylinders at fair price shops. The Department already sells 5kg and 10kg free trade licence (FTL) cylinders belonging to the three State-run oil marketing companies (OMCs) through its supermarkets, including Tamil Nadu Urban Cooperative…

ABC News

ASX slips as inflation slows, Wall Street sinks on recession fears as First Republic Bank plunges 49pc

The Australian share market closed slighlty lower after the latest ABS figures showed that inflation fell from its December quarter peak, while Wall Street suffered its biggest falls in a month as fears of a banking crisis resurfaced, leading to shares of First Republic Bank plunging 49 per cent overnight.

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