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The Latest Breaking News from Oil

How the Israel-Hamas war could affect the world economy and worsen global trade tensions

Global geopolitical tensions often play a pivotal role in shaping people’s perceptions of economic growth. Research shows concern about such issues can cause people and businesses to become more cautious about spending and investing, which can ultimately lead to economic recession.

The Conversation

California allowing dangerous oil wells

An idle well fee program is masking vast cleanup costs while harming residents and the climate

Salon

In Israel-Hamas war, there’s growing talk of a potential impact on oil prices

Human life and destruction are top concerns. But a possible rise in oil prices could affect world economics and politics, especially the re-election prospects of President Joe Biden.

Chicago Sun-Times

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Shell cuts hundreds of contractors amid 'ruthless' shake-up by new CEO

Wael Sawan has laid out plans for a 'ruthless focus on performance, discipline and simplification'

Evening Standard

Israel-Hamas conflict: How high could oil prices go in worst-case war scenario?

War in the Middle East could cause the oil price to surge to $140 a barrel and bring the world to the brink of a recession, according to Ana Boata, head of economic research at Allianz Trade.

The Times of India

Scorsese’s Killers of the Flower Moon describes the struggles of the Osage people. Here’s why they are still fighting

Hundreds of Native Americans were murdered for their oil in the 1920s. But they’re still battling the US government for what is theirs, says journalist and film-maker Greg Palast

The Guardian - UK

Migrant workers toil in perilous heat to prepare for Cop28 climate talks in UAE

Report highlights evidence of workers from Africa and Asia labouring in 42C heat in Dubai to build conference facilities

The Guardian - US

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Brooklyn Beckham responds to ‘haters’ mocking his cooking videos

Aspiring chef has been mocked for his kitchen antics, from dubious Sunday roasts to his liberal use of avocado oil

The Independent UK

The UK attempts to further regulate CBD

"Now, the FSA and Food Standards Scotland have reduced this limit to 10mg — roughly four drops of 5% CBD oil"

Salon

In Kannauj, hope in a bottle

Kannauj's Bara Bazaar is bustling with people, vehicles, and buffaloes. Its century-old perfumeries house attar, a GI-tagged distilled extract of flowers and herbs in sandalwood oil. This September, PM Modi gifted G-20 dignitaries two fragrances from Kannauj. Munna Lal Sons & Co. is the first to brand the traditional product…

The Hindu

Crude Rises as Middle Eastern Geopolitical Risks Outweigh Venezuelan Oil Exports

November WTI crude oil (CLX23 ) on Thursday closed up +1.05 (+1.19%), and Nov RBOB gasoline (RBX23 ) closed up +0.82 (+0.35%). Nov WTI crude oil and gasoline prices on Thursday settled moderately higher, with gasoline posting a 2-week high. A weaker dollar Thursday was supportive of energy prices. Crude...

Barchart

AI might help detect spoiled food

"Fortunately, both nature and the food industry have an excellent shield against rancidity — antioxidants"

Salon

Steps in place to check price rise during festival season: Centre

Centre says it has taken measures to keep prices of essential items stable during festival season: export duty on parboiled rice till March 2024, offloading 50 lakh tonnes wheat, NAFED, NCCF, Kendriya Bhandar selling atta at ₹27.50/kg, edible oil prices expected to remain stable

The Hindu

Crude Slightly Higher on Geopolitical Risks in the Middle East

November WTI crude oil (CLX23 ) this morning is up +0.08 (+0.09%), and Nov RBOB gasoline (RBX23 ) is up +0.55 (+0.23%). Nov WTI crude oil and gasoline prices this morning are slightly higher, with gasoline posting a 2-week high. A weaker dollar today is supportive of energy prices. Crude...

Barchart

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Zenger

Biden Administration To Ease Sanctions On Venezuela’s Oil Sector

Shift in US Foreign Policy as Biden shows willingness to negotiate with Maduro's regime.

The Conversation

Since 2018 when the UK parliament passed legislation legalising CBD, the non-psychoactive component of cannabis, sales of CBD-related products have skyrocketed. Today, you can buy CBD oil, CBD vape pens, CBD coffee, CBD muffins to go with your CBD coffee … CBD everything. And these products are often sold with…

Evening Standard

Just Stop Oil protesters stop coach taking migrants to Bibby Stockholm barge

Protesters say they have stopped coach arriving at Bibby Stockholm barge

The Conversation

Rancid food smells and tastes gross − AI tools may help scientists prevent that spoilage

Have you ever bitten into a nut or a piece of chocolate, expecting a smooth, rich taste, only to encounter an unexpected and unpleasant chalky or sour flavor? That taste is rancidity in action, and it affects pretty much every product in your pantry. Now artificial intelligence can help scientists…

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The Independent UK

Greta Thunberg returns to London oil protest day after being charged for public disorder

Thunberg and 26 others were arrested this week for blocking access to oil conference dubbed ‘Oscars of oil’

The Guardian - US

‘Very disturbing’: crackdown on oil pipeline protests in Uganda concerns UN rights expert

Students in Kampala have been beaten and arrested for marching against a 900-mile pipeline co-owned by a French company

The Independent UK

Stock market today: Asian shares follow Wall Street lower, and Japan reports September exports rose

Shares have tumbled in Asia following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks

Barchart

Crude Gains as Middle East Tensions Ratchet Higher

November WTI crude oil (CLX23 ) on Wednesday closed up +1.66 (+1.92%), and Nov RBOB gasoline (RBX23 ) closed up +6.90 (+3.02%). Nov WTI crude oil and gasoline prices on Wednesday rallied to 2-week highs and settled moderately higher. Crude oil prices were underpinned by concern about an escalation of...

StockNews.com

3 Shipping Stocks Driving Market Growth Worth Your Attention

The shipping industry is well-positioned for long-term growth thanks to the expansion of global trade, free-trade deals, government support, and technology integration. Therefore, it could be wise to buy fundamentally strong shipping stocks Top Ships (TOPS), Teekay (TK), and Overseas Shipholding Group (OSG). Keep reading….

The Guardian - UK

Escalating Middle East conflict could send global inflation soaring, says S&P

Global credit rating agency says further deterioration in Israel-Hamas war could raise oil prices with knock-on effect for inflation

Barchart

Consider This Value-Priced Energy Stock as Oil Prices Rise

Valero Energy has been a strong performer over the past decade, delivering outsized gains to shareholders. With tensions flaring in the Middle East, is this energy stock a good buy right now?

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