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The Latest Breaking News from Oil

US puts Italy-sized chunk of Gulf of Mexico up for auction for oil drilling

In latest blow to Joe Biden’s reputation as the ‘climate president’, 73.3m acres of the gulf will be offered for fossil fuel extraction

The Guardian - US

Poole Harbour: National Trust ‘seriously concerned’ after oil spill washes up on wildlife haven

Oil from Sunday’s pipeline leak was located on Brownsea Island – one of the few places in southern England where red squirrels survive.

Evening Standard

UK scientists urge Rishi Sunak to halt new oil and gas developments

Call comes on eve of revised net zero strategy that allows drilling in North Sea and boosts ‘unproven’ carbon capture

The Guardian - UK

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read the most diverse news in one place.

California Gov. Newsom hails new price gouging law: "California took on Big Oil and won"

"We proved we can actually beat big oil," Newsom said during a signing ceremony in the state Capitol today.

Axios

Capital & Main Reporting Leads to Fines for Oil and Gas Polluters

Changes at the New Mexico Environment Department could increase future prosecutions.

Capital & Main

'Fight of our lives': Climate activists glue themselves to oil lobby building entry

Five men and women have been charged over the protest blockade.

The Canberra Times

New California gas price law another defeat for oil industry

California Gov. Gavin Newsom is planning to sign a new law that could penalize oil companies for making too much money

The Independent UK

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Winston Churchill’s oil painting of Hever gardens returns home to castle

The 1930s artwork was bought in a private sale from an auction house.

The Independent UK

Singapore's haze remedy

The haze situation in the northern region has been relentless of late. Areas of the upper North and Northeast have been cloaked in hazardous levels of smoke since last weekend, with the worst pollution being found in Chiang Rai's Mae Sai district.

Bangkok Post

Crude Prices Close Higher as Iraq Dispute Curbs Crude Exports

May WTI crude oil (CLK23 ) on Tuesday closed up +0.39 (+0.54%), and May RBOB gasoline (RBJ23 ) closed up +2.54 (+0.96%). Crude oil and gasoline prices Tuesday extended Monday's sharp rally to 2-week highs. Dollar weakness Tuesday was supportive of energy prices. Also, a legal dispute between Iraq, Kurdistan,...

Barchart

EPA cites 2 oil and gas firms over Permian Basin pollution

Two Texas companies have resolved Clean Air Act violations with the Environmental Protection Agency by agreeing to reduce emissions of planet-warming methane and other harmful pollutants wafting from the nation’s largest oil and gas producing region

The Independent UK

Poole harbour oil spill washes up on wildlife haven Brownsea Island

Exclusive: National Trust concerned at danger to rich mix of ecosystems including lagoon, woodland, salt marsh and reedbed

The Guardian - UK

Starbucks' CEO was so inspired by olive oil in coffee, he made it a menu item. Here are the pros and cons for your health

Who needs milk when you can add this?

Fortune

Crude Oil Gains as Iraq Dispute Curbs Crude Exports

May WTI crude oil (CLK23 ) this morning is up +0.71 (+0.98%), and May RBOB gasoline (RBJ23 ) is up +2.60 (+0.98%). April Nymex natural gas (NGJ23 ) is down -0.006 (-0.29%). Crude oil and gasoline prices this morning extended Monday's sharp rally to 2-week highs. Dollar weakness today is...

Barchart

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StockNews.com

This Stock Has Some Power Left in It

Prominent energy company Valero Energy (VLO) delivered a strong performance in its last reported quarter. Moreover, constrained supplies and soaring demand for oil and gas have created tailwinds for the energy sector. Therefore, this energy stock could be a solid buy now to garner significant returns in the future. Read…

Asharq Al-Awsat

Türkiye Says Iraq Was Ordered to Pay Compensation to Ankara in Arbitration Case

Türkiye’s Energy Ministry said on Tuesday that Iraq had been ordered by the International Chamber of Commerce (ICC) to pay compensation to Ankara in a longstanding arbitration case related to oil exports from northern Iraq via Türkiye. The Turkish energy ministry statement was released after Iraq's oil ministry said on…

The Guardian - UK

Scientists gain insights into Old Master artists’ use of egg in oil paintings

Researchers believe egg was used by likes of Botticelli and Da Vinci for fine-tuning of oil paint properties

The Independent UK

Old Master artists ‘used egg yolk in their paint to overcome humidity issues’

Proteins have previously been detected in many of their paintings.

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Asharq Al-Awsat

Iraqi Kurdistan Region’s Oil Output at Risk after Türkiye Halts Pipeline Exports

Oil production in Iraq's semi-autonomous Kurdistan region (KRI) is at risk after a halt in northern exports has forced firms operating there to cease output or divert crude to storage, where capacity is limited. Iraq was forced to halt around 450,000 barrels per day (bpd) of crude exports, or half…

Tribune News Service

Aging shadow fleet carrying Russian oil poses disaster risk

The oil tanker Turba normally should have been melted down by now.

The Guardian - UK

‘We’ve seen oiled birds’: fears for protected wetlands after Poole harbour spill

RSPB sounds alarm over Arne peninsula, one of UK’s most heavily protected natural areas

The New Daily

Motorists to be stung at the pump over Easter

Motorists have been warned to shop around early to avoid paying above $2 a litre at the pump in the lead up to Easter long weekend.

Los Angeles Times

California lawmakers approve Newsom's oil bill. Here's what you need to know

California lawmakers on Monday approved Gov. Gavin Newsom's legislation to increase transparency in the oil industry, in the final hours of a special session he called last year to penalize excessive profits.

The Independent UK

California lawmakers OK potential fines for high gas prices

California lawmakers have approved the nation's first penalty for price gouging at the pump

Bangkok Post

PTT seeks partners for future energy deals

National oil and gas conglomerate PTT Plc is negotiating with more than five companies to form joint ventures, mergers or acquire assets under a plan to further develop new businesses, notably those related to future energy.

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