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The Latest Breaking News from Oil

Sinochem Secures Venezuelan Oil as US Sanctions Relax!

China's Sinochem seizes a rare opportunity, swooping in on a Venezuelan oil cargo as the U.S. momentarily lifts sanctions. An intriguing geopolitical dance!

Top News

Red Sea crisis explained: what is happening and what does it mean for global trade?

Attacks from the Houthis on shipping vessels have increased in response to the war in Gaza, with BP halting all shipments of oil and gas through the region

The Guardian - AU

Small-Island Nations Criticise COP28 Agreement For Not Considering Poorer Economies

While the COP28 agreement sets out to see the end of fossil fuels, the UN reported that the world is still not on track to meet net-zero goals by 2050.

International Business Times UK

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Explosion at Guinea fuel depot kills 13 people

An explosion at Guinea's main oil terminal in Conakry has killed 13 people, injuring scores more. The fire has been largely contained, but concerns over fuel shortages have prompted residents to besiege gas stations nearby. Plus, candidates make one last appeal for votes on the campaign trail ahead of Wednesday's…

France 24

BP Suspends Red Sea Operations Amid Houthi Attacks on Ships

The rising Houthi attacks disrupt Red Sea shipping operations causing concerns about potentially higher oil and gas prices amidst the holiday season.

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BP Halts Red Sea Shipments Amid Increased Rebel Attacks

As Iranian-backed Houthi rebels target commercial ships, oil giants halt Red Sea shipments, causing economic repercussions. Allies seek united response.

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Crude Settles Higher as Attacks on Ships in the Red Sea Disrupt Crude Supplies

January WTI crude oil (CLF24 ) on Monday closed up +1.04 (+1.46%), and Jan RBOB gasoline (RBF24 ) closed up +2.20 (+1.03%). Crude oil and gasoline prices Monday climbed to 2-week highs and closed moderately higher. The main bullish factor for crude oil Monday is geopolitical risks after several major...

Barchart

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Oil and Gas Wastewater Spills Pollute the Lone Star State

Pollution from energy sector spills impacts soil, contaminates water resources and kills wildlife while the state resists new regulations.

Texas Observer

BP halts oil and gas shipments through Red Sea after attacks

Energy company follows decisions by a number of big shipping firms as Houthi militants – who have declared their support for Hamas – step up attacks on vessels

The Independent UK

Crude Prices Jump as Oil Shippers Avoid the Red Sea as Ship Attacks Rise

January WTI crude oil (CLF24 ) this morning is up +2.18 (+3.05%), and Jan RBOB gasoline (RBF24 ) is up +5.55 (+3.60%). Crude oil and gasoline prices this morning rallied sharply to 2-week highs. The main bullish factor for crude oil today is geopolitical risks after several major oil shippers...

Barchart

Oil Stocks Boost Wall Street, U.S. Steel Skyrockets

Dive into an invigorating Wall Street waltz, fueled by the buoyant rhythm of robust oil stocks and the soaring symphony of U.S. Steel's splendid buyout deal!

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Oil Prices Surge In Wake Of Red Sea Attacks

Oil prices shot up nearly 3% on Monday as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen's Iran-backed Huthi rebels.

International Business Times

Tax Dodges, Record Outputs Surge US Gulf Coast Crude Exports

Unleashing a symphony of well-drilled harmony, US Gulf Coast teams are skillfully sidestepping taxes, blazing forward with record-breaking crude oil exports.

Top News

Turkey Siphons Russian Oil, Dodges Sanctions, Bags B

Turkey flutters its economic wings, skillfully saving a whopping billion on Russian oil imports despite prevalent sanctions - a masterstroke of fiscal p...

Top News

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International Business Times

10 Best Healthy Recipes For Beginners In 2024

Many think that cooking healthy dishes requires expert-level culinary skills. However, this isn't so. Take a look at the best healthy recipes for beginners that you can try out in 2024.

USA Today Sports Media Group

Texans troll Tennessee Titans with Oilers social media post

The Tennessee Titans wore throwback Oilers jerseys against the Houston Texans. And lost.

The Independent UK

BP is the latest company to pause Red Sea shipments over fears of Houthi attacks

Oil and natural gas giant BP has joined the growing list of companies that have halted their shipments through the Red Sea because of the risk of attack from Yemen’s Houthi rebels

The Guardian - UK

BP halts oil and gas shipments through Red Sea after rebel attacks

Energy company follows decisions by five big shipping firms as Houthi militants step up attacks on vessels

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StockNews.com

Are These 3 Energy Stocks Set for Year-End Success?

With the global demand for oil and natural gas soaring and tightened supplies instigating high oil and gas prices, the energy sector’s outlook appears robust. With such promising growth potential for the industry, quality energy stocks Baker Hughes Company (BKR), Sasol Limited (SSL), and CrossAmerica Partners LP (CAPL), poised for…

The National (Scotland)

UK Government faces legal action over approval of Rosebank oil field

THE UK Government is facing legal action over the approval of the Rosebank

Top News

Goldman Slashes 2024 Brent Price Forecast due to Robust US supply

Goldman Sachs paints a new future for oil, slashes 2024 Brent price forecast! US supply strength triggers a strategic shift. Stay tuned for updates.

Marie Claire

I always struggle with bloating and a sore stomach at this time of year - but this handy hack has changed the game

And it's under £10.

The Independent UK

Stock market today: Asian shares mostly lower as Bank of Japan meets, China property shares fall

Asian shares are mostly lower, while U.S. futures and oil prices edged higher

Top News

Oil Soars 1% Amid Russia's Export Drop, Red Sea Anxiety

Careening up a near 1%, oil prices pirouette on the world's economic dance stage. Russia's export lull and Red Sea nerves fuel this fiery financial ballet.

The Guardian - UK

Climate groups begin legal actions against Rosebank North Sea oil project

Greenpeace UK and Uplift are seeking a judicial review in the Scottish courts to stop opening of huge new oilfield

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