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The Latest Breaking News from Oil

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...

Barchart

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….

StockNews.com

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

The Guardian - UK

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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?

Barchart

Crude Climbs as Middle East Tensions Simmer

November WTI crude oil (CLX23) this morning is up +1.27 (+1.47%), and Nov RBOB gasoline (RBX23) is up +4.61 (+2.02%). Nov WTI crude oil and gasoline prices this morning rallied to 2-week highs and are moderately higher. Concerns about an escalation of the Israeli-Hamas conflict that could disrupt Middle East...

Barchart

California Lets Companies Keep ‘Dangerous’ Oil Wells Unplugged Forever

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

Capital & Main

Oil jumps as Iran steps up rhetoric with call for Israel embargo

Oil leaped higher after Iran called for an embargo against Israel by Muslim countries, following a deadly explosion at a Gaza hospital that raised the risk of wider hostilities in the Middle East.

The Times of India

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Markets Today: Stocks Slip on Set-Back in Diplomatic Efforts to Contain Israel-Hamas Conflict

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.48%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.67%. Stock index futures this morning are moderately lower on this morning’s weaker-than-expected U.S. housing starts report. Also, risks of an escalation in the Israeli-Hamas war weighed...

Barchart

Why was Greta Thunberg arrested? Climate activist appears in court over London protest

The climate change activist was arrested in October 2023 after she joined in the Fossil Free London protest

Evening Standard

How will the Israel-Hamas war affect oil prices and the global economy?

Economists are examining how the conflict could escalate as they plan for the next big global shock

The Guardian - UK

Greta Thunberg and 26 other climate activists charged for protesting at oil conference

Thunberg was part of a large demonstration outside the Energy Intelligence Forum, known as the “Oscars of Oil”, at the InterContinental Hotel on Park Lane

The Independent UK

Greta Thunberg charged with public order offense in UK after arrest outside oil industry conference

Climate activist Greta Thunberg has been charged with a public order offense after being arrested at a demonstration against an oil industry conference in London

The Independent UK

3 Energy Stocks With High Growth Potential

Elevated oil prices and growing energy demand will likely drive sustained oil and gas production growth, creating a solid opportunity for companies providing energy services. Hence, it could be wise to invest in fundamentally sound energy stocks MRC Global (MRC), Ranger Energy (RNGR), and Geospace Technologies (GEOS) with immense growth…

StockNews.com

Sticky inflation and oil price surge dims hopes for interest rate cuts

Most forecasters do not expect a cut for another year

Evening Standard

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France 24

China sees economy grow 4.9% in third quarter, beating expectations

China's National Bureau of Statistics has released a new raft of data on the health of the Chinese economy, the world's second largest. Annual GDP growth in the third quarter reached 4.9%, beating analysts' expectations. The authorities' efforts to support growth are bearing fruit, although retail sales remain low and…

The Guardian - UK

Oil prices rise after Gaza hospital blast prompts global concern

Cancellation of summit between Joe Biden and Arab leaders raises risk of wider conflict, says analyst

The Guardian - UK

‘Vaca Muerta was the future’: Argentina goes all in on fracking

It promised wealth and energy self-sufficiency but Vaca Muerta’s vast shale fields have left locals in poverty, harm the environment and stall progress on renewables, critics say

The Times of India

World Cup: Garden City roots for Pakistan ahead of Australia match

BENGALURU: Faizal Haleem and his friends burnt more than just midnight oil in the wee hours of Tuesday to buy tickets for Pakistan's World Cup match against Australia at the M Chinnaswamy stadium on Friday.

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The Independent UK

Pub grub: Three recipes from Tom Kerridge’s new cookbook

The Michelin-starred chef’s new cookbook tracks how British pub food has changed in the last 30 years. From chicken pot pies to date and banana pudding, Prudence Wade gets a culinary history lesson

The Independent UK

In big year for labor, California Gov. Gavin Newsom delivers both wins and surprises

California Gov. Gavin Newsom often touts California's leadership on the national stage

The Independent UK

Repsol renewables ad banned over ‘large-scale’ oil and gas interests omission

The ad for Repsol’s involvement in renewable hydrogen failed to mention that large-scale oil and gas formed the ‘vast majority’ of its business.

Barchart

Crude Little Changed on Diplomatic Efforts to Contain the Israeli-Hamas Conflict

November WTI crude oil (CLX23 ) on Tuesday closed unchanged, and Nov RBOB gasoline (RBX23 ) closed up +1.15 (+0.51%). Nov WTI crude oil and gasoline prices on Tuesday settled mixed. Crude oil prices were little changed as diplomatic efforts to contain the Israeli-Hamas war lessened the chance the conflict...

StockNews.com

3 Promising Energy Stocks on the Radar

The energy market, buoyed by robust oil demand and poised for consolidation, presents an opportunity to propel portfolio returns to unparalleled levels. Therefore, promising energy stocks Liberty Energy (LBRT), Gibson Energy (GBNXF), and REX American Resources (REX) could be worth exploring now. Read on….

Capital & Main

Can a Single Colorado Agency Oversee Both Fossil Fuel and Clean Energy Production?

Tension over energy industry oversight has sparked a rare agreement between climate activists and the oil and gas industry.

Barchart

Crude Prices Fade on Diplomatic Efforts to Contain the Israeli-Hamas Conflict

November WTI crude oil (CLX23 ) this morning is down -0.72 (-0.83%), and Nov RBOB gasoline (RBX23 ) is down -0.36 (-0.16%). Nov WTI crude oil and gasoline prices this morning are moderately lower. Crude oil prices are under pressure as diplomatic efforts to contain the Israeli-Hamas war lessen the...

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