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The Latest Breaking News from Oil

Crude Closes Slightly Higher on Strength in U.S. Economic News

October WTI crude oil (CLV23 ) on Thursday closed up +0.16 (+0.20%), and Oct RBOB gasoline (RBV23 ) closed up +2.15 (+0.84%). Crude oil and gasoline prices Thursday closed moderately higher. Stronger-than-expected U.S. economic news Thursday signals strength in the economy that is bullish for energy demand and crude prices....

Barchart

3 Energy Stocks to Add to Your Dividend Portfolio

Supercharge your investment strategy with these three energy stocks that offer a potent blend of dividends, growth potential, and resilience in a rapidly transforming sector.

Barchart

3 Energy Stocks Lighting up Portfolios

With growing demand and supply cuts, the energy sector is heating up. Against this backdrop, fundamentally sound energy stocks ChampionX Corp. (CHX), NOW Inc. (DNOW), and Solaris Oilfield Infrastructure (SOI) could light up your portfolio for the long haul. Learn more….

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John Kerry casts doubt on Rishi Sunak's 'max out North Sea' pledge

JOHN Kerry has cast doubt on whether Rishi Sunak will max out new oil and gas opportunities in the North Sea as promised, as he insisted “unabated…

The National (Scotland)

Yousaf accuses Sunak of ‘climate denial’ over oil and gas licences

The First Minister said the UK Government ‘holds us back’.

The Independent UK

I tested the COSORI 9-in-1 air fryer and I genuinely don't need an oven or a toaster anymore

The COSORI 9-in-1Air Fryer is a little powerhouse that I don't think I could be without now.

GoodToKnow

Why Ambitious U.S. Emissions Reduction Goals Are Increasingly Out of Reach

Amid huge profits for oil majors, pressure builds on banks to cut ties.

Capital & Main

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Crude Edges Lower on Dollar Strength and Energy Demand Concerns

October WTI crude oil (CLV23 ) this morning is down -0.23 (-0.29%), and Oct RBOB gasoline (RBV23 ) is up +0.64 (+0.25%). Crude oil and gasoline prices this morning are mixed, with crude falling to a 1-month low. A stronger dollar today is weighing on energy prices. Also, weakness in...

Barchart

China’s Africa strategy is shifting from extraction to investment – driven from the industry-rich Hunan region

China experienced a massive economic boom in the 1990s and 2000s which increased its demand for resource imports, like oil, from Africa. This led to a model of development finance in which China funded infrastructure in African countries in return for access to resources. This approach became known as the…

The Conversation

Fossil fuels being subsidised at rate of $13m a minute, says IMF

Oil, gas and coal benefited from $7tn in support in 2022 despite being primary cause of climate crisis

The Guardian - UK

US Is Easing Sanctions On Maduro Regime For Transparent Venezuelan Elections

Venezuela and the Biden administration are negotiating a temporary relaxation of sanctions to hold free elections next year.

Zenger

North Sea’s biggest oil and gas producer Harbour Energy reports £337m profit

The company produces more oil and gas from the UK’s North Sea than any other company.

The Independent UK

Family legacies and the state’s Jim Crow past underlie a fight over mineral rights on a stretch of South Texas scrubland

Descendants of a prominent white family and a formerly enslaved couple are fighting over ownership — and the oil and gas royalties that would come with it — of an 147.5-acre tract that has bound and divided generations of their families.

The Texas Tribune

BRICS set to invite Saudi Arabia, Egypt to join group

JOHANNESBURG: Major emerging market nations are preparing to invite top oil exporter Saudi Arabia and several other countries to join their bloc in a push to expand its global influence.

The Times of India

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The Guardian - UK

The message from Ecuador is clear: people will vote to keep oil in the ground

People were overwhelmingly in favour of stopping oil drilling in Yasuní national park. Can this success be replicated elsewhere in the world, asks the Guardian’s global environment editor, Jonathan Watts

The Independent UK

Petroleum asphalt remains in Yellowstone River, even after cleanup from train derailment

Two months after a railroad bridge collapse sent carloads of hazardous oil products plunging into Montana’s Yellowstone River, the cleanup workers are gone and a mess remains

The Independent UK

Oil production boosts government income in New Mexico, as legislators build savings 'bridge'

Record-breaking oil production in New Mexico is likely to provide state government with a new multibillion-dollar surplus during the upcoming budget year

Barchart

Crude Prices Close Lower on Energy Demand Concerns

October WTI crude oil (CLV23 ) on Wednesday closed down -0.75 (-0.94%), and Oct RBOB gasoline (RBV23 ) closed down -1.30 (-0.51%). Crude oil and gasoline prices Wednesday retreated, with crude falling to a 4-week low and gasoline dropping to a 3-week low. Weaker-than-expected economic news Wednesday from the U.S....

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Capital & Main

Pennsylvania Residents Call for Action After Study Links Fracking to Asthma and Lymphoma

Residents and scientists had called for research on health risks for years, while industry campaign denied links.

StockNews.com

3 Energy Stocks Thriving on Wall Street

The energy sector remains buoyed due to heightened global oil demand. Therefore, investors could consider buying three energy stocks North American Construction Group (NOA), Ranger Energy Services (RNGR), and NCS Multistage Holdings (NCSM), which are thriving on Wall Street. Read more….

Barchart

Crude Prices Fall on Global Energy Demand Concerns

October WTI crude oil (CLV23 ) this morning is down -0.55 (-0.69%), and Oct RBOB gasoline (RBV23 ) is down -2.56 (-1.00%). Crude oil and gasoline prices this morning are moderately lower, with crude falling to a 4-week low and gasoline dropping to a 3-week low. Weaker-than-expected economic news today...

The Guardian - UK

Ministers accused of ‘environmental crime’ over South Downs oil drilling

UK Oil and Gas says work is to resume at Avington site in national park after decision from Planning Inspectorate

France 24

No, this video doesn’t show Russian ballistic missiles in Niger

A video reported to show trucks transporting Russian ballistic missiles in Niger has been widely circulating amongst West African Facebook and TikTok users since August 11. It turns out, however, that the video was filmed in the Republic of the Congo, not Niger, and shows trucks transporting storage tanks.

Al Jazeera

Turkey wants Iraq to designate PKK a ‘terrorist’ organisation: Top diplomat

Turkey says PKK is a threat to Iraqi security, ignoring Baghdad’s complaints about Ankara’s air attacks on Iraqi soil.

Kiplinger

Qualified Opportunity Zones With an Energy Boost

The energy sector, where investors can combine qualified opportunity fund perks with oil and gas direct investment tax benefits, is one of the more appealing and lesser-understood QOZ offerings available.

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