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The Latest Breaking News from Oil

Crude Pushes Higher on Dollar Weakness and Easing U.S. Price Pressures

September WTI crude oil (CLU23 ) this morning is up +0.11 (+0.14%), and Sep RBOB gasoline (RBU23 ) is up +3.04 (+1.06%). Crude oil and gasoline prices this morning are moderately higher, with gasoline posting a 9-month high. A weaker dollar today is bullish for energy prices. Crude prices also...

Barchart

Oil pipeline construction in Minnesota ruptured an aquifer. Officials say it’s the 4th time

A fourth aquifer breach has been confirmed in northern Minnesota stemming from a Canadian oil company's construction of an oil pipeline replacement in the region

The Independent UK

3 Energy Stocks to Watch With Strong Momentum

The dwindling crude oil supply and heightened demand for oil and gas may establish a continual upswing for the energy sector. The market conditions have helped energy stocks Chevron Corporation (CVX), Kinder Morgan (KMI), and PBF Energy (PBF) gain robust momentum lately. Read on….

StockNews.com

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Benjamina Ebuehi’s recipe for olive oil cake

A moist and moreish cake that’s easy to whip up, before devouring greedily with a summer berry compote and a dollop of creme fraiche

The Guardian - UK

U.S. Boosts Wind Power, Sets Oil Production Record: Kiplinger Economic Forecasts

The U.S. wind power market is set to double in size by 2030, but the country's also still focused on oil drilling and production.

Kiplinger

Greta Thunberg warns Tories against approving Scottish oil field development

WORLD-FAMOUS climate activist Greta Thunberg has joined a protest against the UK Government’s reported plans to allow development of…

The National (Scotland)

Palm oil: The myth of corporate plantation efficiency is failing Indonesians and furthering inequality

Palm oil is found in half the products sold in supermarkets and in biofuels. Around 50 per cent of the world’s supply is grown in Indonesia, mostly on massive plantations.

The Conversation

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Crude Rallies on U.S. Energy Demand Optimism

September WTI crude oil (CLU23 ) on Thursday closed up +1.31 (+1.66%), and Sep RBOB gasoline (RBU23 ) closed up +4.13 (+1.45%). Crude oil and gasoline prices Thursday rallied moderately, with crude posting a 3-1/4 month high and gasoline posting a 9-month high. Signs of U.S. economic strength that is...

Barchart

As Oil Prices Rise, Scoop Up This High-Yield Energy Dividend Stock Now

Devon Energy stock is trailing the S&P 500 this year, but oil price forecasts are rising. Should you buy DVN stock in anticipation of higher oil prices?

Barchart

Crude Moves Higher on U.S. Economic Strength

September WTI crude oil (CLU23 ) this morning is up +1.23 (+1.56%), and Sep RBOB gasoline (RBU23 ) is up +1.99 (+0.70%). Crude oil and gasoline prices this morning are moderately higher, with crude posting a 3-1/4 month high and gasoline posting a 9-month high. Signs of U.S. economic strength...

Barchart

2 Underperforming Warren Buffett Stocks to Buy Now

Several Berkshire Hathaway holdings are underperforming the markets in 2023. Chevron and Bank of America are two underperforming Warren Buffett stocks worth buying at these levels.

Barchart

Oil companies that made a killing last year are now facing a reckoning

European powerhouses Shell and TotalEnergies capitalized on favorable tailwinds, but now face falling profits.

Fortune

Best cleansing milks that are kinder to sensitive skin

Soothing, hydrating cleanser to counteract sensitivities, eczema or rosacea

Evening Standard

I Tried AviClear, the First-of-Its-Kind Laser Designed to Clear Acne For Good

AviClear, which secured FDA approval last year, has been dubbed the “laser alternative to Accutane.”

Marie Claire

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The Hindu

Indian Coast Guard rescues NIO research vessel off Karwar coast

Coast Guard swiftly averted potential environmental disaster, rescuing 36 people onboard NIO's RV Sindhu Sadhana, drifting close to Karwar. Ship was carrying valuable scientific equipment and data, posing imminent threat of oil spill.

StockNews.com

Which Energy Stock Should You Buy, Hold or Sell: Schlumberger (SLB) or Geospace Technologies (GEOS)

Strong energy demand as China’s economy is rebounding and people planning vacation travel during summers coupled with tight supplies could push energy prices higher this year, benefitting energy producers and businesses serving them. So, let’s determine if investors should buy, hold, or sell energy stocks Schlumberger (SLB) and Geospace Technologies…

Evening Standard

Inside Labour’s battle with its own green agenda

The Uxbridge by-election and the ongoing disputes over Ulez have shone a light on ideological struggles at the heart of the Opposition, says Anne McElvoy

Evening Standard

UK first as trains running on vegetable oil use Marylebone station

‘Plant-based’ locomotives pioneered by Chiltern Railways in bid to cut emissions

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The Independent UK

Shell earnings top $5 billion. But that's nearly half what it pulled in months ago

Shell has reported that it earned nearly $5.1 billion in the second quarter

Kiplinger

These Energy ‘Middlemen’ Are an Income Lover’s Dream

Midstream energy companies, which connect producers and end users, service the industry itself, rather than being tied to commodity prices.

The Guardian - UK

Coutts CEO stands down in Farage bank account row, as Sunak fails to back NatWest chairman Davies – as it happened

Peter Flavel says Coutts fell below its ‘high standards’ in the handling of Nigel Farage’s case, while Rishi Sunak declined to say whether he had confidence in NatWest’s chairman

The Guardian - UK

Shell’s ‘obscene’ $5bn profits reignite outrage amid climate crisis

Campaigners criticise plan to increase oil and gas production despite extreme heat in Europe

The Independent UK

Shell misses expectations as earnings halve

Adjusted earnings were just under 5.1bn US dollars (£3.9bn) in the three months to the end of June, down from 11.5bn dollars (£8.9bn) a year earlier.

Radio France Internationale

France's TotalEnergies starts drilling for oil in Uganda

French oil giant TotalEnergies has started drilling oil wells in Uganda as part of the massive East African Crude Oil Pipeline project that has been opposed by environmental and human rights groups.

Barchart

Crude Settles Lower on a Smaller-Than-Expected Draw in Weekly EIA Supplies

September WTI crude oil (CLU23 ) on Wednesday closed down -0.85 (-1.07%), and Sep RBOB gasoline (RBU23 ) closed up +4.39 (+1.57%). Crude oil and gasoline prices on Wednesday settled mixed. Crude prices are modestly lower after weekly EIA crude inventories fell less than expected. Also, the Fed's action Wednesday...

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