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The Latest Breaking News from Oil

Crude Settles Lower on Global Energy Demand Concerns

November WTI crude oil (CLX23 ) on Friday closed down -0.92 (-1.00%), and Nov RBOB gasoline (RBX23 ) closed down -6.67 (-2.70%). Nov WTI crude oil and gasoline prices Friday retreated, with gasoline tumbling to a 4-1/2 month low. Crude prices were under pressure after Friday’s weaker-than-expected global economic news...

Barchart

Biden calls for up to 3 offshore oil leases in Gulf of Mexico, upsetting both sides

The administration's proposal seeks to strike a balance between energy companies seeking greater oil and gas production and environmental activists who want Biden to shut down new offshore drilling.

WEKU

Crude Prices Retreat on Global Energy Demand Concerns

November WTI crude oil (CLX23 ) this morning is down -0.65 (-0.71%), and Nov RBOB gasoline (RBX23 ) is down -5.51 (-2.23%). Nov WTI crude oil and gasoline prices this morning are moving lower, with gasoline tumbling to a 4-1/2 month low. Crude prices are under pressure after today’s weaker-than-expected...

Barchart

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Activists stage Rosebank oilfield protest outside offices of Labour frontbench

Party urged to commit to revoking licence for site in North Sea and back comprehensive Green New Deal

The Guardian - UK

Stick With Chevron Stock - It Could Have Further to Rise

Chevron stock has risen with oil's move higher. It is also likely to report strong Q3 cash flow and a dividend hike soon. Shorting out-of-the-money put options for income looks attractive here.

Barchart

India’s pickle people: Decades-old culinary heirlooms, nostalgia

A self-proclaimed pickle enthusiast explores India’s familial pickle-making traditions, which stretch back generations.

Al Jazeera

Biden calls for up to three oil and gas lease sales in the Gulf of Mexico, disappointing all sides

President Joe Biden's administration has proposed up to three oil and gas lease sales in the Gulf of Mexico over the next five years but none in Alaska

The Independent UK

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Inflation drops sharply in Europe. It offers a glimmer of hope, but higher oil prices loom

Inflation is down in Europe

The Independent UK

Fair Play to Boiling Point: the seven best films to watch on TV this week

An intense workplace romance that gets darker by the second, and the bravura restaurant drama starring Stephen Graham

The Guardian - UK

South Sudan’s leader discusses closer ties in energy, trade with Russian President Putin

Visiting South Sudan President Salva Kiir has agreed in a meeting with Russia’s president to expand their relationship in energy, trade and other areas, notably oil

The Independent UK

Fossil fuel rules catch Western towns between old economies and new green goals

The Biden administration is trying to dramatically change how and where oil and gas drilling occurs on federal land, which is getting mixed reviews in longtime drilling boom-towns.

WEKU

With Oil Soaring, My Under $10 Stock of the Week

The number of oil rigs in the U.S. and Canada has decreased by 170 over the past year. International oil suppliers are cutting output. This opens the door to small oil and gas exploration and development companies like Baytex Energy (BTE).

StockNews.com

‘Our State Our Taste’ cooking competition comes to Vellore and Tiruvannamalai

Vellore & Tiruvannamalai host 5th week of "Our State Our Taste" Season 4. 25 cities across TN compete for grand prize of ₹1 lakh. Home chefs bring signature dishes made with Gold Winner oil. Regional winners receive products from Gold Winner & partners. The Hindu Group, Gold Winner, Butterfly, RKG…

The Hindu

Weak U.S. Economic News Sparks Long Liquidation in Crude

November WTI crude oil (CLX23 ) on Thursday closed down -1.97 (-2.10%), and Nov RBOB gasoline (RBX23 ) closed down -8.39 (-3.29%). Nov WTI crude oil and gasoline prices on Thursday closed moderately lower, with crude prices falling back from a 13-month high. Thursday’s weaker-than-expected U.S. economic news on Q2...

Barchart

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Fortune

Deutsche Bank studied 34 past U.S. recessions to identify key warning signs and found that all 4 are flashing red right now

Based on a study of the U.S. economy since 1854, Deutsche Bank created “hit ratios” that show how often key macroeconomic triggers have caused recessions.

The Independent UK

Oil prices edge higher as global demand reignites inflation worries

Brent crude oil surpassed $97 per barrel on Thursday, edging toward the 100 dollar mark which was last hit more than a year ago

The Independent UK

Just Stop Oil protesters found guilty of aggravated trespass over Lord’s stunt

England player Jonny Bairstow carried Daniel Knorr off the pitch.

Barchart

Crude Prices Fall Back on Weaker-Than-Expected U.S. Economic News

November WTI crude oil (CLX23 ) this morning is down -0.60 (-0.64%), and Nov RBOB gasoline (RBX23 ) is down -0.307 (-1.20%). Nov WTI crude oil and gasoline prices this morning are moderately lower, with crude prices falling back from a 13-month high. Weaker-than-expected U.S. economic news today sparked energy...

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The Guardian - UK

Europe’s olive oil supply running out after drought – and the odd hailstorm

Heatwaves around Mediterranean have damaged harvests and forced producers to import from South America

Barchart

Chart of the Day: Imperial Oil - Oil is Still King

The Chart of the Day belongs to the oil & gas company Imperial Oil (IMO) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used...

Fortune

The 2 immovable forces behind $100-per-barrel oil

Oil prices are expected to near that threshold into next summer.

France 24

Meta jumps on AI bandwagon with new chatbots for Instagram, WhatsApp and Facebook

Meta CEO Mark Zuckerberg announced the launch of new AI-powered assistants on its various platforms on Wednesday, in a bid to keep up in the race to produce more accurate and personalised artificial intelligence. The chatbots will be able to answer users' questions thanks to a partnership with Microsoft's Bing.…

Evening Standard

FTSE 100 Live: Miners rise, Barratt and Ocado fall, index ends day up, oil price dips back below $95

Blue-chip shares rebounded from an early fall today as oil prices eased, having approached $100 a barrel early this morning.

Homes & Gardens

How to get rid of mosquitoes inside the house naturally – 7 non-toxic essentials to protect your home from the risk of disease

Banish these pesky biters using non-toxic natural solutions for a more comfortable summer

Evening Standard

Oil prices jump again leading to energy cost fears

OIL prices jumped to near year highs today, prompting talk that inflation could return and already hard-pressed motorists could be squeezed yet further.

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