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The Latest Breaking News from Oil

Why China Hasn’t Come to Russia’s Rescue

Their “no limits” partnership has been an economic one-way street.

Foreign Affairs

Former chef, restaurant owner shares why you need to stop ordering food from outside if you want to lose weight!

"Stop ordering food from outside": These words coming from a chef are hard to process! But, Chef Madhu Menon's recent tweet on weight loss, restaurants, and enjoying meals at buffets sheds light on some of the lesser known aspects of this new food consumption trend.

The Times of India

GPSC allots B2.5bn for Indian solar firm

Global Power Synergy Plc (GPSC), the power generation arm of national oil and gas conglomerate PTT Plc, plans to inject 2.5 billion baht of capital into Avaada Energy Private, an Indian solar power developer, in a move to boost renewable power generation.

Bangkok Post

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Fuel consumption surges during Q1

Fuel consumption in the first quarter increased to a level greater than usage in 2019, following a drop for two consecutive years when Thailand endured the impact of the pandemic, according to the Department of Energy Business (DOEB).

Bangkok Post

Harnessing fresh fish in a unique way

Valentine Thomas's amazing recipe takes the flavors and ingredients of chicken and waffles to a whole new dimension

Salon

Crude Prices Settle Higher on Tight Supplies

June WTI crude oil (CLM23 ) on Thursday closed up +0.46 (+0.62%), and June RBOB gasoline (RBM23 ) closed down -1.98 (-0.79%). Crude oil and gasoline prices Thursday settled mixed, with gasoline falling to a 5-week low. Crude and gasoline have carryover support from Wednesday when the EIA reported weekly...

Barchart

Venezuelan parliament passes law to seize assets linked to corruption cases

Venezuela's ruling party-controlled National Assembly on Thursday approved a law allowing the government to seize assets linked to corruption cases, as it investigates irregularities at state oil company PDVSA and other state companies.

Reuters

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US Supreme Court ruling could turbocharge lawsuits against oil companies

A US Supreme Court ruling this week is set to open the floodgates for climate lawsuits against fossil fuel companies that have been blocked for years by jurisdictional disputes. The decision comes on the heels of a bumper year for global climate litigation in 2022 and ahead of major climate…

France 24

Crude Prices Gain on Tight Supplies

June WTI crude oil (CLM23 ) this morning is up +0.25 (+0.34%), and June RBOB gasoline (RBM23 ) is down -1.44 (-0.57%). June Nymex natural gas (NGM23 ) is up +0.022 (+0.95%). Crude oil and gasoline prices this morning are mixed, with gasoline falling to a 5-week low. Crude and...

Barchart

US Navy: Iran Seizes Oil Tanker in Gulf

Iran seized a Marshall Islands-flagged oil tanker in the Gulf of Oman in international waters on Thursday, the US Navy said, the latest in a series of seizures and attacks on commercial vessels in Gulf waters since 2019. The US Navy identified the vessel as the Advantage Sweet. "Iran's continued…

Asharq Al-Awsat

Two women arrested after climate change protesters deface Scottish Parliament building

Activists from protest group This Is Rigged, which is opposed to further North Sea oil exploration, have claimed responsibility for the act.

Daily Record

Iran navy seizes oil tanker in Gulf of Oman

The Advantage Sweet issued a distress call at 1:15 p.m. while in international waters as Iran seized the vessel, the Navy said

The Independent UK

Climate protesters disrupt BP’s shareholder meeting in London

Oil company’s decision to water down climate commitments prompts backlash from investors at AGM

The Guardian - UK

Iran seizes oil tanker in Gulf, U.S. Navy says

Iran seized a Marshall Islands-flagged oil tanker in the Gulf of Oman in international waters on Thursday, the U.S. Navy said, the latest in a series of seizures or attacks on commercial vessels in sensitive Gulf waters since 2019.

Reuters

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Al Jazeera

Nigeria’s NNPC, Norway’s Golar sign MoU on floating gas plant

Africa’s biggest oil producer holds some of the world’s biggest gas reserves and is seeking investment in the sector.

GoodToKnow

The "game changer" cleaning hack that removes oil stains on clothes in 60 minutes

TikTok users are going crazy for one woman's cleaning hack that gets rid of greasy oil stains on clothing in an hour. Here's what you need to pull it off.

Reuters

Chile's state lithium push emerges as test for Latam resource nationalism

Chilean President Gabriel Boric's pitch last week to enshrine greater state control over lithium is emerging as the latest test for the resource nationalism embraced by Latin America's ascendant left but which has proven tough to implement in practice.

The Guardian - UK

Ali died days before he could challenge BP’s CEO on the dangers of gas flaring. Don’t let his death be in vain

The 21-year-old Iraqi, who lived by a smoke-choked oilfield, died of cancer. His message must be heard, says journalist Jess Kelly

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Evening Standard

Just Stop Oil protesters ordered to move off Waterloo Bridge

Metropolitan Police said protesters caused ‘severe and deliberate disruption’

Bangkok Post

Offo sees slight dip in global oil prices

Global oil prices are expected to fall slightly as central banks continue to raise interest rates to tame high inflation, says the Oil Fuel Fund Office (Offo).

Texas Observer

Goodbye to a Neighborhood

The industrial takeover of Freeport’s East End, a historically Black community, by Port Freeport oil and gas developers is almost complete.

Barchart

Crude Prices Sink as U.S. Banking Woes May Undercut the Economy

June WTI crude oil (CLM23 ) on Wednesday closed down -2.77 (-3.59%), and June RBOB gasoline (RBM23 ) closed down -4.58 (-1.79%). Crude oil and gasoline prices Wednesday sold off sharply, with crude falling to a 3-1/2 week low and gasoline tumbling to a 5-week low. Energy prices are under...

Barchart

Sugar Prices Slip on Crude Oil Weakness and Expectations for Increased Brazil Sugar Output

May NY world sugar #11 (SBK23 ) on Wednesday closed down -0.14 (-0.53%), and Aug London white sugar #5 (SWQ23 ) closed down -10.00 (-1.42%). Sugar prices Wednesday fell back from 11-year highs and posted moderate losses. A slump of more than -2% in crude oil prices Wednesday sparked long...

The Independent UK

Wisconsin's only oil refinery to reopen after 2018 explosion

Wisconsin’s only oil refinery is on track to be fully operational in June after a $1.2 billion effort to rebuild the facility five years following an explosion

StockNews.com

3 Bullish Stocks to Keep on Your Watchlist

As uncertainty clouds the Fed’s impending decision next month, investing in fundamentally sound stocks such as BP p.l.c. (BP), Sumco Corp. (SUOPY), and TORM plc (TRMD), exhibiting solid momentum, could be beneficial. Read on….

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