The Latest Breaking News from Oil

Australian shares continue streak as US inflation eases

The local share market rose 0.3 per cent, with Fortescue and Rio Tinto hitting new highs while a drop in oil prices pressured producers.

AAP · Dec 13, 2023

POWR Income Stock of the Week: Torm PLC (TRMD)

Oil markets trade on a variety of factors including geopolitical pressures, government regulation, and country specific output. That’s not to mention simple supply and demand. The best time to look at oil related stocks is in the lower end of a range or cycle, because you know eventually oil will…

StockNews.com · Dec 12, 2023

ExxonMobil says it will stay in Guyana for the long term despite territorial dispute with Venezuela

Oil giant ExxonMobil says it will keep ramping up production in offshore Guyana despite the escalation of a territorial dispute with neighboring Venezuela, which claims that oil-rich region as its own

The Independent UK · Dec 12, 2023

Crude Prices Plunge as Russia Ramps Up Crude Exports

January WTI crude oil (CLF24 ) this morning is down -2.52 (-3.53%), and Jan RBOB gasoline (RBF24 ) is down -0.0621 (-3.04%). Crude oil and gasoline prices this morning are sharply lower, with crude dropping to a 5-1/2 month low and gasoline sinking to a 2-year low. Signs of stronger...

Barchart · Dec 12, 2023

Evaluating the Potential of 3 Energy Stocks

Governmental strategies, production cuts, and optimistic forecasts are fueling a surge in oil prices. Given this trend, let’s take a closer look at energy stocks, Delek US Holdings (DK), Solaris Oilfield (SOI), and Permianville Royalty Trust (PVL), which are exhibiting promising potential for solid gains. Read more….

StockNews.com · Dec 12, 2023

French warship destroys Yemeni Houthi drone targeting oil tanker in Red Sea

A French frigate has destroyed a Yemeni drone that was threatening a Norwegian oil tanker in the Red Sea. Yemen’s Houthis said they carried out a military operation against the tanker as part of its strategy to target ships heading to Israeli ports in a protest over Israel’s bombardment of…

Radio France Internationale · Dec 12, 2023

COP28 Could End Up 'Toothless' As Key Commitments Pushed Down The Road In Draft Resolution

A draft of the UN climate conference's joint memorandum included non-compulsory methane emissions reductions and no mention of the oil industry.

International Business Times · Dec 12, 2023

Climate activist Al Gore blasts COP28 outcome as biggest failure in history—‘reads as if OPEC dictated it word for word’

The oil and gas lobby, out in force in UAE's Dubai, succeeded in preventing a commitment to phase out fossil fuels.

Fortune · Dec 12, 2023

How to pull off a perfect vegan Christmas dinner

If you’re vegetarian, vegan or plant-curious and beginning your prep for the Christmas period, this ultimate guide to a meat-free dinner from the minds behind BOSH!, Henry Firth and Ian Theasby, is worth bookmarking

The Independent UK · Dec 12, 2023

Making oil is more profitable than saving the planet. These numbers tell the story

Major oil companies are under pressure to invest more money in clean energy — but there's a big hurdle: It's still a hell of a lot more profitable to produce fossil fuels.

WEKU · Dec 12, 2023