The Latest Breaking News from Oil

Crude Prices Supported by Oil Tanker Risks in Red Sea

January WTI crude oil (CLF24 ) this morning is up +1.36 (+1.88%), and Jan RBOB gasoline (RBF24 ) is up +3.14 (+1.46%). Crude oil and gasoline prices this morning are moderately higher but remain below Monday's 2-week highs. A weaker dollar today is bullish for energy prices. Also, geopolitical risks...

Barchart · Dec 19, 2023

Root and branch reform: if carbon markets aren’t working, how do we save our forests?

The world has looked to offsetting schemes to protect forests, fund conservation and fight the climate crisis – but many fail to fulfil their promises. Here are five ways to keep our forests standing

The Guardian - UK · Dec 19, 2023

British Museum to receive £50m in funding from oil giant BP

BP will donate £50m to help with the renovation of the museum as climate groups slammed decision

The Independent UK · Dec 19, 2023

France's TotalEnergies to invest billions in Nigeria

French energy giant TotalEnergies is ready to invest $6 billion (5.5 billion euro) over several years in Nigeria's oil and energy industry, especially in gas and offshore projects.

Radio France Internationale · Dec 19, 2023

Stock market today: Asian shares are mixed as Bank of Japan keeps its monetary policy unchanged

Asian shares are mixed after a seven-week winning streak on Wall Street cooled

The Independent UK · Dec 19, 2023

US launches Red Sea protection force after Houthi attacks – as it happened

This blog is now closed

The Guardian - US · Dec 19, 2023

Sinochem Secures Venezuelan Oil as US Sanctions Relax!

China's Sinochem seizes a rare opportunity, swooping in on a Venezuelan oil cargo as the U.S. momentarily lifts sanctions. An intriguing geopolitical dance!

Top News · Dec 19, 2023

Red Sea crisis explained: what is happening and what does it mean for global trade?

Attacks from the Houthis on shipping vessels have increased in response to the war in Gaza, with BP halting all shipments of oil and gas through the region

The Guardian - AU · Dec 19, 2023

Small-Island Nations Criticise COP28 Agreement For Not Considering Poorer Economies

While the COP28 agreement sets out to see the end of fossil fuels, the UN reported that the world is still not on track to meet net-zero goals by 2050.

International Business Times UK · Dec 18, 2023

Explosion at Guinea fuel depot kills 13 people

An explosion at Guinea's main oil terminal in Conakry has killed 13 people, injuring scores more. The fire has been largely contained, but concerns over fuel shortages have prompted residents to besiege gas stations nearby. Plus, candidates make one last appeal for votes on the campaign trail ahead of Wednesday's…

France 24 · Dec 18, 2023