The Latest Breaking News from Oil

Environmentalists sue after feds allow new drilling permits in one of the country’s most polluted areas

The San Joaquin Valley’s Kern County is home to some of the country’s most polluted cities

The Independent UK · Feb 6, 2025

Crude Prices Slip on Dollar Strength and Trump's Pledge to Boost US Oil Output

March WTI crude oil (CLH25 ) Thursday closed down -0.42 (-0.59%), and March RBOB gasoline (RBH25 ) closed up +0.0240 (+1.17%). Crude oil and gasoline prices settled mixed on Thursday, with crude falling to a 5-week low. Crude gave up an early advance Thursday and turned lower as the dollar...

Barchart · Feb 6, 2025

In Common: Where is the plan for a just transition?

It has been unsettling to watch Scottish politicians line up behind Unite the Union’s “no ban without a plan” campaign to keep Scottish…

The National (Scotland) · Feb 6, 2025

Why oil and gas companies want state oversight for carbon dioxide injection

Environmentalists are worried the state — known for a lax approach to regulation — is not prepared for the added responsibility of regulating certain carbon capture projects.

The Texas Tribune · Feb 6, 2025

Crude Prices Supported by Prospects of Tighter Sanctions on Iran

March WTI crude oil (CLH25 ) today is up +0.15 (+0.21%), and March RBOB gasoline (RBH25 ) is up +0.0191 (+0.93%). Crude oil and gasoline prices today are slightly higher. Crude is climbing as the US ramps up sanctions on Iranian crude exports that could tighten global oil supplies after...

Barchart · Feb 6, 2025

Where does Trump’s renewed ‘maximum pressure’ leave any Iran-US deal?

Trump says he wants Iran to prosper, but signed a presidential memorandum to pledge more action against Iran.

Al Jazeera · Feb 6, 2025

Oil and gas part of future for decades to come, says Starmer on nuclear visit

The Prime Minister said that ‘we do need to transition to clean power’ while on a visit to the UK National Nuclear Laboratory.

Evening Standard · Feb 6, 2025

John Swinney answers SNP MSP's call to support 'unlawful' North Sea oil field

FIRST Minister John Swinney has declined to either support or oppose the development of the controversial Rosebank and Jackdaw oil and gas fields in…

The National (Scotland) · Feb 6, 2025

TotalEnergies scales back on low-carbon investment as profits slump

French oil and gas giant TotalEnergies has announced it will reduce its investments in low-carbon energy as it posted a sharp drop in net earnings for 2024, with after-tax profits sinking by 26 percent.

Radio France Internationale · Feb 6, 2025

There’s a taskforce dreaming up radical climate solutions – and you can help

In this week’s newsletter: How you can have your say on the Global Solidarity Levies Task Force’s ideas to transform our environment

The Guardian - UK · Feb 6, 2025