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The Latest Breaking News from Oil

Iraq’s oil boom blamed for worsening water crisis in drought-hit south

Pollution from gas flaring – the burning of natural gas associated with oil extraction – is also a major concern in the oil-rich but extremely dry south

The Guardian - UK

Woodside vows to 'learn' from worker's death on gas platform, as investigations into cause continue

A Woodside executive says it's too early to say exactly what led to the death of a worker on a gas platform off WA's coast but promised the company will "learn" and "change" to ensure it does not happen again.

ABC News

Stock Market Today: Stocks Soar After Jobs Data, Debt Ceiling Deal

The major benchmarks rallied hard into the weekend after a mixed May jobs report and end to debt ceiling drama.

Kiplinger

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Crude Closes Higher Ahead of Weekend OPEC+ Meeting

July WTI crude oil (CLN23 ) on Friday closed up +1.64 (+2.34%), and July RBOB gasoline (RBN23 ) closed up +6.45 (+2.65%). Crude oil and gasoline prices Friday closed moderately higher. Crude prices rose Friday in hopes of stronger Chinese energy demand after Bloomberg reported the Chinese government is working...

Barchart

Turning An Olive Oil Farm Into An Innovative Brand

Ido Tamir left a lucrative high-tech career to take over Ptora from his father

Zenger

Try out a new pesto this weekend

While "pesto" typically conjures up images of a green sauce, this pesto is anything but, with a rich, red color

Salon

Analysis-U.S. seeks to mend frayed Saudi ties with second high-level trip

With two high-level visits in less than a month, the United States is hoping to steady ties with Saudi Arabia after several years of disagreement and deepening mistrust.

Reuters

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Crude Rallies Ahead of Weekend OPEC+ Meeting

July WTI crude oil (CLN23 ) this morning is up +1.22 (+1.74%), and July RBOB gasoline (RBN23 ) is up +3.57 (+1.479%). July Nymex natural gas (NGN23 ) is up +0.038 (+1.76%). Crude oil and gasoline prices this morning are moderately higher. Crude prices are climbing in hopes of stronger...

Barchart

Northern Irish pensioner's warning after home heating oil tank cracks in the sun

Trevor McCusker is warning people to check their tanks for any problems

Belfast Live

Hollywood film director to triple donations to Just Stop Oil over weekend

Adam McKay, who made Netflix film Don’t Look Up, as well as Step Brothers and The Big Short, said he stands with the protesters.

The Independent UK

Is Exxon Mobil (XOM) Worth Holding?

While the U.S. debt ceiling deal and potential production cuts by the OPEC+ alliance have fueled investor confidence, oil producer Exxon Mobil (XOM) has experienced a notable decline in its stock price over the past months. So, is the stock worth holding? Keep reading to find out.

StockNews.com

How a Jiffy Lube franchisee with 500 locations used machine learning to fine-tune their finance tech transformation

Team Car Care's financial planning and analysis team can predict different customer behaviors around oil changes.

Fortune

Two Labour MSPs reject party's plan to block new oil and gas development in North Sea

TWO Labour MSPs have reportedly rejected their own party’s policy of blocking all new North Sea oil and gas developments.

The National (Scotland)

Hailey Bieber's favourite £11 budget beauty buy now comes in non-greasy dry oil

It's perfect for keeping your skin hydrated and nourished during the hot summer months!

Daily Mirror

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The Guardian - UK

‘The window is closing’: Cop28 must deliver change of course on climate

With six months until UN summit in Dubai, can its oil executive president bring unwilling countries into line?

The Independent UK

Biden to enforce ban on oil, gas drilling to protect tribal sites around New Mexico's Chaco

The Biden administration is implementing a 20-year withdrawal banning oil and gas development outside the boundaries of Chaco Culture National Historical Park in northwestern New Mexico

The Texas Tribune

Climate proposals withered at the Texas Capitol this year

Proposals to improve energy efficiency failed. Bills that sought to limit greenhouse gas emissions in Texas were ignored, and legislation to block cities from taking action on climate change passed.

Daily Record

Labour MSPs reject Keir Starmer planned ban on new North Sea oil and gas developments

EXCLUSIVE: Two MSPs used a Labour group meeting to express concern about the mooted policy.

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news in one place.

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Barchart

Crude Settles Higher on Dollar Weakness and Strong Economic Reports

July WTI crude oil (CLN23 ) on Thursday closed up +2.01 (+2.95%), and July RBOB gasoline (RBN23 ) closed down -0.76 (-0.31%). Crude oil and gasoline prices Thursday settled mixed. A decline in the dollar index Thursday to a 1-week low was bullish for energy prices. Also, the House passage...

The Independent UK

New Mexico imposes oil and gas moratorium on state land near schools

One of the top oil producing states in the U.S. is imposing a moratorium on new drilling on state trust land within a mile of schools

Motor1

Ferrari 430 Scuderia Owner Details Pricy First Service With $14,000 Bill

A lot of little issues can add up.

The National (Scotland)

Oil ‘globules’ found on some beaches in Isles of Skye and Lewis

The public has been urged to avoid areas of beaches affected by small oil globules in the Western Isles.

Kiplinger

Is Chevron Stock Set for a Rebound?

Chevron stock received its second analyst upgrade in as many days, boosting hopes for a recovery in the lagging energy major.

Capital & Main

It’s Payback Time

New studies call for reparations from oil companies and governments responsible for climate change.

Barchart

Crude Rallies on Dollar Weakness and Strong Economic Data

July WTI crude oil (CLN23 ) this morning is up +2.59 (+3.80%), and July RBOB gasoline (RBN23 ) is up +2.85 (+1.17%). July Nymex natural gas (NGN23 ) is down -0.104 (-4.59%). Crude oil and gasoline prices this morning are sharply higher on strong economic data and a decline in...

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