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The Latest Breaking News from Oil

Govt holds back $600 million strategic oil reserve top-up

India’s finance ministry has scrapped a 50 billion rupee ($602 million) plan to top up the nation’s strategic crude oil reserves, given market volatility and the prospect of a further decline in prices.

The Times of India

Carbon pollution is down in the US, but not fast enough to meet Biden's 2030 goal, new report says

A new report says climate-altering pollution from greenhouse gases declined by nearly 2% in the United States in 2023, even as the economy expanded at a faster clip

The Independent UK

Rising Prices Cap India's Thirst For Russian Oil

Indian purchases of Russian crude in defiance of Western pressure over the Ukraine war have fallen to an 11-month low as the price tag on the discounted oil rises, figures show.

International Business Times

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Asian Shares Retreat as Tokyo Bucks Trend with Strong Gains

Asian shares retreat as Wall Street slumps, but Tokyo bucks the trend with a 2% gain. Weaker yen lifts export manufacturers' stock prices. Oil prices rise.

Top News

From feta rolls to breakfast sundae: Three vegan recipes the whole family can enjoy

Get the kids involved this Veganuary with three recipes to take them from breakfast through to dinnertime, writes Lauren Taylor

The Independent UK

Protesters chanting ‘no oil money’ interrupt Ron DeSantis during Fox News town hall

Protesters escorted out as DeSantis continues to answer questions

The Independent UK

5 dental TikTok trends you probably shouldn't try at home

TikTok is full of videos that demonstrate DIY hacks, from up-cycling tricks to cooking tips. Meanwhile, a growing number of TikTok videos offer tips to help you save money and time at the dentist. But do they deliver?

The Conversation

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Climate Advisers Criticise Jeremy Hunt's Net Zero Target Claims

The absence of clear and immediate strategies to decarbonise these sectors has raised doubts about the government's commitment to its climate pledges.

International Business Times UK

Crude Prices Gain as Global Supplies Tighten

February WTI crude oil (CLG24 ) on Tuesday closed up +1.47 (+2.08%), and Feb RBOB gasoline (RBG24 ) closed up +4.90 (+2.42%). Crude oil and gasoline prices on Tuesday posted moderate gains as they recovered about half of Monday's sharp losses. Supply disruptions to global crude supplies are underpinning oil...

Barchart

Hottest year ever, what can be done? Plenty: more renewables and nuclear, less methane and meat

The shattering of global annual heat records last year is prompting people to ask: what can be done

The Independent UK

Scottish and UK governments must intervene to save Grangemouth, Alba say

THE Scottish and UK governments must intervene to save the Grangemouth oil refinery from closure, an Alba MP has said.

The National (Scotland)

Energy Buy or Sell: Marathon Oil (MRO) vs. Energy Transfer (ET)

The energy sector’s prospects remain solid amid escalating geopolitical tensions, resilient demand, and production cuts. In such a scenario, which energy stock, Marathon Oil Corp (MRO) or Energy Transfer LP (ET), is better suited for your portfolio? Keep reading to find out….

StockNews.com

'Reckless': Campaigners attack SNP plan for oil to bankroll £20bn independence fund

CLIMATE campaigners have criticised SNP plans to keep North Sea oil flowing for a decade after independence in order to tax the revenues as…

The National (Scotland)

HMS Diamond and US jets shoot down biggest wave of drone and missile attacks in Red Sea on container ships

Defence Secretary Grant Shapps says UK must maintain 'formidable presence in face of attacks'

Evening Standard

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Barchart

Crude Prices Rebound from Monday's Sharp Losses

February WTI crude oil (CLG24 ) this morning is up +1.71 (+2.42%), and Feb RBOB gasoline (RBG24 ) is up +5.77 (+2.85%). Crude oil and gasoline prices this morning are moderately higher as they recover some of Monday's sharp losses. Supply disruptions to global crude supplies are underpinning oil prices...

Radio France Internationale

French company to coordinate carbon capture project in Brazil

A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2 in an undersea oilfield off Brazil in an effort to reduce emissions, French group TotalEnergies said Monday.

The Hindu

Kannada price boards mandatory at petrol stations in Karnataka from Wednesday

Petrol stations in Karnataka will have to mandatorily display the price boards in Kannada too from Wednesday. Announcing this at a press conference in Bengaluru on Tuesday, Union Minister for Petroleum Hardip Singh Puri said he had issued instructions to oil companies.

Top News

Regulator's Hearing Set for Trans Mountain Pipeline Request Friday

Join the wild ride as the Canada Energy Regulator gears up for a hearing on Trans Mountain pipeline request. Buckle up, things are about to get exciting! �...

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TopTenReviews

Sun Joe 24V-X2-CS16 48-Volt IONMAX Cordless Chainsaw review

Never used a chainsaw before? Check out our review of the Sun Joe 24V-X2-CS16 48-Volt IONMAX Cordless Chainsaw to see how beginner-friendly it is.

Chicago Sun-Times

Breakfast or dinner, shakshouka delivers layers of flavors

This recipe nudges this welcoming stew into dinner territory with the hearty additions of chickpeas, wilted greens and spicy sausage.

Dynamite News

Study finds use of habitat for agricultural purposes puts primate in danger

According to a study published in Current Biology, frequent trips to oil palm farms are significantly increasing mortality rates among baby southern pig-tailed macaques (Macaca nemestrina) in the wild. Read further on Dynamite News:

The National (Scotland)

Douglas Ross stands by 'false' claim oil and gas bill will help energy security

DOUGLAS Ross has been challenged over a claim the UK Government’s controversial oil and gas bill will help energy security....

The Hindu

CM exhorts Godrej Agrovet to explore potential in real state, furniture and consumers goods sectors in Telangana

Telangana Chief Minister A. Revanth Reddy and Irrigation Minister D. Sridhar Babu met with a delegation from Godrej Agrovet Company Limited. The CM assured complete support to the company towards expansion of oil palm and dairy business in the State.

Fortune

Wharton’s Jeremy Siegel says the U.S. economy is at a perfect ‘Goldilocks pace’—neither too strong nor too weak to spook the Fed or markets

"Everyone is focused on how many rate cuts are priced ... and how we need six cuts to have a good 2024. I totally disagree with that."

The Independent UK

Stock market today: Asian shares advance following Wall Street rally led by technology stocks

Asian shares have advanced after Wall Street rallied to claw back almost all the losses from its slow start to the year

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