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The Latest Breaking News from Oil

Australian shares continue streak as US inflation eases

The local share market rose 0.3 per cent, with Fortescue and Rio Tinto hitting new highs while a drop in oil prices pressured producers.

AAP

POWR Income Stock of the Week: Torm PLC (TRMD)

Oil markets trade on a variety of factors including geopolitical pressures, government regulation, and country specific output. That’s not to mention simple supply and demand. The best time to look at oil related stocks is in the lower end of a range or cycle, because you know eventually oil will…

StockNews.com

ExxonMobil says it will stay in Guyana for the long term despite territorial dispute with Venezuela

Oil giant ExxonMobil says it will keep ramping up production in offshore Guyana despite the escalation of a territorial dispute with neighboring Venezuela, which claims that oil-rich region as its own

The Independent UK

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Kraft debuts dairy-free mac and cheese in the US

The new recipe has the same creamy texture and flavor of the original Mac & Cheese but replaces dairy with ingredients like fava bean protein and coconut oil powder.

Chicago Sun-Times

One in four billionaire Cop28 delegates made fortunes from polluting industries

Exclusive: analysis by Oxfam raises concerns about influence wielded by ultra-rich mega-emitters at summit

The Guardian - UK

Carbon Causes Climate Change. Why Does a California County Want to Make More?

Kern County wants to use billions in federal tax credits to collect and bury carbon. To do so, it would build new facilities to produce more of the most abundant greenhouse gas.

Capital & Main

3 Energy Stock Buy Opportunities

The energy sector is expected to effectively handle immediate supply limitations and address long-term demand surges as it experiences steady growth. Therefore, despite the recent decline in energy prices, fundamentally strong energy stocks Energy Transfer (ET), NOW (DNOW), and Ranger Energy Services (RNGR) could be wise portfolio additions. Read more….

StockNews.com

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Crude Prices Plunge as Russia Ramps Up Crude Exports

January WTI crude oil (CLF24 ) this morning is down -2.52 (-3.53%), and Jan RBOB gasoline (RBF24 ) is down -0.0621 (-3.04%). Crude oil and gasoline prices this morning are sharply lower, with crude dropping to a 5-1/2 month low and gasoline sinking to a 2-year low. Signs of stronger...

Barchart

Evaluating the Potential of 3 Energy Stocks

Governmental strategies, production cuts, and optimistic forecasts are fueling a surge in oil prices. Given this trend, let’s take a closer look at energy stocks, Delek US Holdings (DK), Solaris Oilfield (SOI), and Permianville Royalty Trust (PVL), which are exhibiting promising potential for solid gains. Read more….

StockNews.com

French warship destroys Yemeni Houthi drone targeting oil tanker in Red Sea

A French frigate has destroyed a Yemeni drone that was threatening a Norwegian oil tanker in the Red Sea. Yemen’s Houthis said they carried out a military operation against the tanker as part of its strategy to target ships heading to Israeli ports in a protest over Israel’s bombardment of…

Radio France Internationale

COP28 Could End Up 'Toothless' As Key Commitments Pushed Down The Road In Draft Resolution

A draft of the UN climate conference's joint memorandum included non-compulsory methane emissions reductions and no mention of the oil industry.

International Business Times

Climate activist Al Gore blasts COP28 outcome as biggest failure in history—‘reads as if OPEC dictated it word for word’

The oil and gas lobby, out in force in UAE's Dubai, succeeded in preventing a commitment to phase out fossil fuels.

Fortune

How to pull off a perfect vegan Christmas dinner

If you’re vegetarian, vegan or plant-curious and beginning your prep for the Christmas period, this ultimate guide to a meat-free dinner from the minds behind BOSH!, Henry Firth and Ian Theasby, is worth bookmarking

The Independent UK

Making oil is more profitable than saving the planet. These numbers tell the story

Major oil companies are under pressure to invest more money in clean energy — but there's a big hurdle: It's still a hell of a lot more profitable to produce fossil fuels.

WEKU

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StockNews.com

Unlocking Year-End Gains with Energy Stocks

Amid heightened demand for oil and gas, the energy sector is on the brink of substantial expansion. Moreover, Wall Street analysts expressed optimistic views triggered by constrained supply. Given this backdrop, quality energy stocks Marathon Petroleum Corporation (MPC), ChampionX Corporation (CHX), and Liberty Energy (LBRT) could be solid buys for…

Homes & Gardens

How to make your bedroom smell good for sleep – 9 unusual alternatives to traditional lavender scents

Dreamy notes to promote rest and relaxation

Evening Standard

COP28: UN climate summit set to overrun as countries fail to agree on fossil fuel plan

A draft agreement has been described as 'meaningless' and 'a charade' by countries who say more must be done to phase out oil, coal and gas

The Independent UK

Climate talks enter last day with no agreement in sight on fossil fuels

Hopes for finishing a critical climate summit on time faded early Tuesday as countries were still far apart on key issues, including an agreement on what to do about the fossil fuels that are causing dangerous global warming

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The Hindu

The limitations of CCS and CDR and their grip on our future climate | Explained

At COP28, CCS & CDR techs discussed to abate carbon emissions. CCS captures CO₂ from sources like fossil fuel industry & CDR uses natural means & techs like direct air capture. AR6 relies on CDR to limit warming to 1.5°C. CCS & CDR create room to emit, but use of…

International Business Times

Jordan's Mission To Save Its Ancient Olive Trees

Every morning, Jordanian farmer Ali Saleh Atta swallows two cloves of garlic with a cup of olive oil before heading out to check on his ancient olive trees.

The Guardian - US

Revealed: more than 160 representatives with climate-denying track records got Cop28 access

UN organizers allow groups that have obstructed fossil fuel regulations and other climate action to attend, watchdog finds

The Independent UK

New Mexico, the No. 2 oil-producing US state, braces for possible end to income bonanza

New Mexico is bracing for the possibility that a bonanza in oil income for the nation's No. 2 oil producing state will end if the world's thirst for oil falters

Al Jazeera

Communities on US LNG front line ask Biden to reject export terminal

Louisiana’s booming LNG industry is wreaking havoc on fishing community. Locals are protesting a potential new terminal.

The Texas Tribune

Tim Dunn, the powerhouse GOP donor, to sell his West Texas oil company for $12 billion

Tim Dunn has used his wealth to establish a network of organizations that push his ultraconservative views across Texas. The deal comes amid a time of consolidation in the Permian Basin.

The Guardian - AU

Supermarket ice-cream stick taste test: the winner is a classic, the worst is the most expensive

From golden oldies to ‘weirdly oily’ alternatives, Nicholas Jordan searches for his new favourite portable ice-cream. Little did he know the journey might break him

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