The Latest Breaking News from Oil

‘Big oil’s negligence’: LA residents call on fossil fuel industry to pay for wildfire damages

Experts say climate crisis was likely responsible for a quarter of the dryness that fueled the fires’ rapid spread

The Guardian - US · Jan 17, 2025

Why Alberta’s Danielle Smith is rejecting the Team Canada approach to Trump’s tariff threats

Alberta Premier Danielle Smith finds herself at the centre of controversy because of her refusal to be part of a “Team Canada” approach to Donald Trump’s tariff threats.

The Conversation · Jan 16, 2025

Texas Attorney General Ken Paxton, 22 other states sue to halt planned federal methane fines

The rule fines certain oil and gas facilities that exceed federal limits for methane emissions.

The Texas Tribune · Jan 16, 2025

Labour face rebellion as seven MSPs back North Sea jobs campaign against Westminster

KEIR Starmer and Anas Sarwar are facing a rebellion after seven Labour MSPs backed a campaign calling on Westminster to support oil and gas jobs in…

The National (Scotland) · Jan 16, 2025

Crude Prices Fall on the Prospect of Trump Easing Sanctions on Russian Crude

February WTI crude oil (CLG25 ) today is down -1.76 (-2.20%), and February RBOB gasoline (RBG25 ) is down -0.0582 (-2.70%). Crude and gasoline prices today are moderately lower, based on the prospect that President-elect Trump will ease sanctions on Russian energy exports to facilitate a diplomatic accord between Russia...

Barchart · Jan 16, 2025

Burgum promises energy dominance at Interior - Roll Call

Doug Burgum, Donald Trump's pick for Interior secretary, promised to boost domestic energy through oil and gas leasing on federal land.

Roll Call · Jan 16, 2025

‘TARIFFS all the way!!!’: EU mulls carrots and sticks to counter Trump on trade

Bloc may ward off incoming president’s threats by buying more US goods, or impose its own tariffs in retaliation

The Guardian - UK · Jan 16, 2025

BP cutting 4,700 jobs worldwide as part of cost-saving drive

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive

The Independent UK · Jan 16, 2025

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

International Business Times · Jan 16, 2025

BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn

Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy

The Guardian - UK · Jan 16, 2025