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The Latest Breaking News from Oil

OPEC+ Says Additional Voluntary Oil Production Cuts Will Be 1.66 Mln Bpd

The 48th Meeting of OPEC’s Joint Ministerial Monitoring Committee (JMMC) was held via videoconference on Monday. The Committee reviewed the crude oil production data for January and February 2023 and noted the overall conformity for participating OPEC and non-OPEC countries of the Declaration of Cooperation (DoC).

Asharq Al-Awsat

Troubled waters for inflation after fresh oil price hike

City Comment: OBR’s latest forecast of 2.9% inflation by the end of the year already looks in peril

Evening Standard

In Blue Colorado, Oil and Gas Companies Try a New Approach to Woo Democrats

Up against a heavily Democratic Legislature, fossil fuel firms funnel cash to politicos they’ve previously ignored to win precious votes.

Capital & Main

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Pacific trade deal ‘will make mockery of UK’s climate ambitions’

CPTPP membership will result in more deforestation and endanger animal welfare, say campaigners

The Guardian - UK

Broader Market Climbs as Bond Yields Fall on U.S. ISM Manufacturing Miss

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.87%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.48%. U.S. stock indexes this morning are mixed, with the...

Barchart

Markets Today: Stock Indexes Mixed as Soaring Crude Prices Spark Inflation Concerns

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) today is up +0.06%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.75%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down - 0.69%. U.S. stock indexes are mixed...

Barchart

Oil producers' cuts could boost gasoline prices, help Russia

Some of the globe's biggest oil producers are cutting back

The Independent UK

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Scotland's deficit to grow as oil and gas prices tumble

SCOTLAND’S budget deficit is forecast to grow because of falling oil and gas prices – sparking a warning from a top economist.

The National (Scotland)

Oil prices soar after Opec+ announces surprise production cuts

World oil prices soared Monday after several top producers led by Saudi Arabia sprang surprise output cuts despite already angering the United States with a similar move last year.

Radio France Internationale

Markets Today: Stock Indexes Slip as Soaring Crude Prices Spark Inflation Concerns

Morning Markets June S&P 500 futures (ESM2 3) this morning are down -0.18%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.81%. U.S. stock index futures this morning are moderately lower on higher bond yields after the action by OPEC+ to cut its crude production by 1 million...

Barchart

$Companies that frack for oil and gas can keep a lot of information secret – but what they disclose shows widespread use of hazardous chemicals$

Companies that frack for oil and gas can keep a lot of information secret – but what they disclose shows widespread use of hazardous chemicals

From rural Pennsylvania to Los Angeles, more than 17 million Americans live within a mile of at least one oil or gas well. Since 2014, most new oil and gas wells have been fracked.

The Conversation

Plans to use Scotland's oil and gas to fund English council tax freeze slammed

LABOUR’S plans to use Scotland’s oil and gas resources to fund a council tax freeze in England have been branded a “slap in the face”.

The National (Scotland)

Cost of diesel to be cut this week amid falling global oil prices

The domestic diesel price is to be cut to 33 baht a litre this Friday, down from 33.5 baht a litre, as global oil prices keep falling, says the Oil Fuel Fund Office (Offo).

Bangkok Post

Why are oil prices rising and what does it mean for inflation?

All you need to know about the Opec+ decision to cut production and the potential knock-on effects

The Guardian - UK

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Asharq Al-Awsat

Reducing Oil Production: A New Pillar to Support Global Economic Conditions

In support of the stability of the global oil markets, and the enhancement of the balance between supply and demand, the member of the Organization of Petroleum Exporting Countries (OPEC) and the producing countries within the OPEC+ have decided to implement a voluntary reduction of crude oil production. Experts described…

The Guardian - UK

First Thing: Trump ‘vows to escalate attacks’ on Manhattan prosecutor

Stunned by indictment at first, ex-president indicates he wants to politically ‘rough ’em up’. Plus, Judy Blume calls for fight back against censorship

Fortune

Energy analysts have been making gaseous calls since Russia invaded Ukraine. It's time to clear away the smoke of economic groupthink

Yale's Sonnenfeld and Tian call out a year of bad energy calls.

Tribune News Service

Diabetes Quick Fix: Cioppino (Fish Casserole)

Cioppino is a 20-minute meal. Italian immigrants are credited with bringing this soup filled with a variety of seafood and vegetables to San Francisco.

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Tribune News Service

PBS chef Pati Jinich traces US-Mexico border on 'La Frontera'

Pati Jinich was a political analyst at the Inter-American Dialogue think tank in Washington, D.C., before she became a Emmy-nominated chef and cookbook author. So her primetime PBS culinary docuseries "La Frontera with Pati Jinich," which uses food to showcase stories of the "fronterizos" who live on the U.S.-Mexico border,…

Tribune News Service

Celebrate spring with these light and bright recipes

This is the time of year when people can't wait to shed their heavy winter coats and head outside to look for the many signs of spring.

Barchart

Stocks Set to Open Mostly Lower as Inflation Worries Return after OPEC+ Surprise

June S&P 500 futures (ESM23) are down -0.10%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.61% this morning after three major U.S. benchmark indices rallied on Friday as signs of cooling inflation bolstered hopes that the Fed may be close to ending its rate-hiking cycle.

The Independent UK

Oil prices surge after Opec+ production cuts

Shell and BP saw their share prices rise following a jump in the price of oil.

Tribune News Service

The aerospace industry needs climate-friendly fuel. Can WA help?

Snohomish County and Washington State University have partnered to establish a center in Everett, Washington, to help develop fuels that will allow the commercial aerospace industry to grow as carbon emissions restrictions begin to bite in the decade ahead.

The Week

Recipe of the week: prawn, spring onion and curry leaf pancakes

There is something special about a prawn pancake – and this one is an unusual marriage of Korean and Indian traditions, says Sabrina Gidda. I like to eat mine drizzled with some crispy garlic oil.

The Times of India

Oil surges 8% after OPEC+ blindsides market with production cut

Oil surged at the week’s open after OPEC+ unexpectedly announced crude output cuts that threaten to tighten the market, delivering a fresh inflationary jolt to the world economy and irking the White House.

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