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The Latest Breaking News from Oil

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

The Guardian - UK

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...

Barchart

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

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

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

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.…

France 24

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.

Evening Standard

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

Homes & Gardens

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.

Evening Standard

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Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia's war

Restrictions on food exports are spilling over from rice and wheat to other essentials

The Independent UK

‘Playing the China card’ or a serious regional threat? Timor-Leste’s new deal with Beijing

The upgrading of ties with Beijing caught regional leaders by surprise, but experts say it could be a strategy to secure investment from Australia

The Guardian - AU

ExxonMobil loses bid to truck millions of gallons of crude oil through central California

ExxonMobil has lost a court bid to truck millions of gallons of crude oil through central California — a crucial part of its efforts to restart offshore oil wells that were shut in 2015 after a pipeline leak caused the worst coastal spill in 25 years

The Independent UK

The Reserve Bank shouldn’t be spooked by Australia’s imported inflation

If you look at what’s increased most in price over the past year, such as petrol, there is little that higher interest rates would change

The Guardian - AU

Guyana’s Economy Set To Double In Size, Driven By Booming Oil Industry

Fastest-growing nation poised for explosive growth as oil production surges and non-oil sectors see investments

Zenger

The economist who’s been predicting a recession for 18 months says the ‘litmus test’ is finally here, especially with oil headed toward $100 a barrel

David Rosenberg said the current situation with the economy is like trying to cancel winter just because it didn’t snow in December. “It hasn’t materialized, dot dot dot, yet.”

Fortune

Don't Miss This Top-Rated Oil Stock Under $10

This Canadian energy stock has a smart hedging strategy to manage commodity volatility - and could be looking at a serious gusher in free cash flow next year if oil prices stay elevated. Here's what you need to know about this low-priced oil stock.

Barchart

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news in one place.

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France 24

Britain approves controversial Rosebank oil field

Britain has given the go-ahead to the development of Rosebank in the North Sea. Located 130 kilometres northwest of the Shetland Islands, it's the largest untapped oil field in the UK and is estimated to contain up to 300 million barrels of crude. The government argues Rosebank will help bolster…

Barchart

Crude Prices Rally Sharply as U.S. Inventories Tighten

November WTI crude oil (CLX23 ) on Wednesday closed up +3.29 (+3.64%), and Nov RBOB gasoline (RBX23 ) closed up +3.354 (+1.33%). Nov WTI crude oil and gasoline prices Wednesday rallied sharply, with crude climbing to a 13-month high. Crude prices continue to push higher on concern that global oil...

The Guardian - UK

The Guardian view on the Rosebank oilfield: a symbol of Sunak’s cynicism

Editorial: The PM continues to play politics with the climate emergency. The dismal consequences will long outlast his time in office

The Independent UK

Rosebank ‘trashes’ UK’s global reputation, says Lord Goldsmith

The Conservative peer is becoming increasingly irate with the Government’s stance on climate issues.

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news in one place.

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Evening Standard

OPINION - Controversy over Rosebank oil & gas field: The Leader podcast

A huge UK oil and gas field, Rosebank, has just been given the green light for development and production.

The Conversation

Net zero goal still alive, says IEA – but the world faces major obstacles to reach it

This roundup of stories is adapted from our weekly climate action newsletter, Imagine, written by environment editor Jack Marley. Click here to subscribe.

Barchart

Crude Prices Soar as U.S. Inventories Tighten

November WTI crude oil (CLX23 ) this morning is up +3.17 (+3.51%), and Nov RBOB gasoline (RBX23 ) is up +5.14 (+2.04%). Nov WTI crude oil and gasoline prices this morning are sharply higher, with crude climbing to a 13-month high. Crude prices continue to push higher on concern that...

Capital & Main

Natural Gas Recapturing Process Promises Waste Reduction — but Questions Linger

Meanwhile, report after report shows greenhouse gas emissions are on the rise in New Mexico.

The National (Scotland)

Only 10 per cent of people think more fossil fuels will cut energy bills, poll finds

JUST 10 per cent of people in the UK think more oil and gas production will reduce bills and increase energy security, according to a new poll.

StockNews.com

Top 3 Energy Stocks With Promising Prospects

Globally, the energy demand is rising. In turn, this is bolstering the demand for energy services. Moreover, the growing adoption of sustainable energy sources is also expected to propel the demand for energy services. Therefore, it could be wise to buy fundamentally strong energy stocks ChampionX (CHX), NCS Multistage (NCSM),…

The Guardian - UK

With Rosebank, Britain appears willing to leave climate plans in tatters

Giving the green light to Britain’s biggest untapped oilfield flies in the face of repeated warnings

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