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The Latest Breaking News from Oil

Crude Settles Higher on Dollar Weakness and Global Supply Concerns

February WTI crude oil (CLG24 ) on Friday closed up +1.62 (+2.24%), and Feb RBOB gasoline (RBG24 ) closed down -0.46 (-0.22%). Crude oil and gasoline prices on Friday settled mixed, with crude posting a 1-week high. A reversal in the dollar Friday boosted energy prices after the dollar index...

Barchart

NY Sugar Slightly Higher on Strength in Crude

March NY world sugar #11 (SBH24 ) on Friday closed up +0.03 (+0.14%), and March London ICE white sugar #5 (SWH24 ) closed unchanged. Sugar prices on Friday settled little changed. Strength in crude oil supports sugar prices as WTI crude (CLG24 ) Friday rallied to a 1-week high. Higher...

Barchart

Former energy minister quits Conservatives over approval of new oil drilling

Britain’s former energy minister is quitting the Conservative Party and stepping down as a lawmaker over the government’s backtracking on its environmental commitments

The Independent UK

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Fresh by-election nightmare for Rishi Sunak as Tory MP vows to quit over oil drilling law

The former energy minister has said he will quit over the Offshore Petroleum Licensing Bill

Evening Standard

Chris Skidmore resigns Conservative whip over Sunak’s oil and gas licence plan

Former minister also resigns as an MP, which will trigger byelection in his Kingswood constituency

The Guardian - UK

Former Tory energy minister to quit Westminster over party's oil and gas bill

A FORMER Tory energy minister is set to quit the party and Westminster over the legislation put forward by the party to mandate annual oil and gas…

The National (Scotland)

2 High-Yield Energy Stocks for Dividend Investors

The broader U.S. energy sector lagged in 2023, but these two oil stocks offer high yields and relative outperformance for investors seeking steady income.

Barchart

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Azerbaijan's Ecology Minister Faces Concerns Over UN Climate Talks

Mukhtar Babayev, Azerbaijan's ecology minister, has been appointed to lead the United Nations' annual climate talks. This has raised some concern among cli...

Top News

Market Retreats as Dollar Strengthens and Investors Await Jobs Report

Global shares retreat as investors await US jobs report. Tokyo stocks boosted by a stronger dollar, while oil prices rise. Market sentiment remains cautious.

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The Independent UK

Stock market today: Global shares mostly slip, while oil prices advance

Global shares have retreated although export-related Tokyo stocks got a boost as the dollar strengthened against the Japanese yen

The Independent UK

New Mexico governor proposes 10% spending increase amid windfall from oil production

New Mexico’s governor is proposing a nearly 10% general fund spending increase for the coming fiscal year to shore up housing opportunities, childhood literacy and health care access, with additional payouts for electric vehicles purchases

France 24

Kenya and Uganda added to foreign degree crackdown list at Nigeria universities

In tonight's edition: Nigeria widens the net to degrees earned in Kenya and Uganda as part of its crackdown on fraudulent foreign certificates. Also, French energy giant TotalEnergies puts former Beninese prime minister Lionel Zinsou at the head of land acquisition for its controversial multi-billion-dollar oil projects in Uganda and…

StockNews.com

POWR Stock of the Week Under $10: ProFrac Holding (ACDC)

Oil prices were nothing if not volatile last year, and nothing indicates this year will be any different. With prices trading at the bottom end of the range as we enter 2024, now may be a great time to take a look at some beaten down oil stocks. One company…

Barchart

Crude Prices Fall as Weak Demand Boosts Weekly EIA Product Inventories

February WTI crude oil (CLG24 ) on Thursday closed down -0.51 (-0.70%), and Feb RBOB gasoline (RBG24 ) closed down -4.80 (-2.22%). Crude oil and gasoline prices Thursday gave up an early advance and turned lower weekly inventories of crude products unexpectedly rose in Thursday's weekly EIA report, a sign...

Barchart

Crude Prices Fall on an Unexpected Build in Weekly Product Inventories

February WTI crude oil (CLG24 ) this morning is down -1.51 (-2.08%), and Feb RBOB gasoline (RBG24 ) is down -6.96 (-3.23%). Crude oil and gasoline prices this morning gave up an early advance and turned lower after an unexpected build in crude products in today's weekly EIA report, a...

Barchart

Crude Oil: Will the Tug of War Between Bulls and Bears Continue in 2024?

Crude oil closed 2023 at below $72 per barrel. The price was lower for the year and just below the U.S. administration’s $67 to $72 per barrel buying zone to replenish the Strategic Petroleum Reserve. As the market heads into 2024, bullish and bearish factors pull the energy commodity in…

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