The Latest Breaking News from Oil

Oil and gas firms must convert to renewables or face decline, says IEA chief

Fatih Birol says fossil fuel use will peak in 2030, and urges companies to lead switch to green energy

The Guardian - UK · Dec 2, 2023

Colombia joins international alliance calling for treaty to end use of fossil fuels

Colombian president Gustavo Petro wants treaty to lay out plan to end era of coal, oil and gas

The Guardian - UK · Dec 2, 2023

Best condiments from small businesses for mind-boggling flavour

Discover the holy grail of sauces

Evening Standard · Dec 2, 2023

Crude Prices Slump on Skepticism About OPEC+ Crude Production Cuts

January WTI crude oil (CLF24 ) on Friday closed down -1.57 (-2.07%), and Jan RBOB gasoline (RBF24 ) closed down -0.0547 (-2.51%). Crude oil and gasoline prices Friday gave up an early advance and sold off, with crude falling to a 1-week low. Crude prices were under pressure on negative...

Barchart · Dec 1, 2023

Michigan regulators approve $500M pipeline tunnel project under channel linking 2 Great Lakes

Michigan regulators have approved a $500 million plan to encase in a protective tunnel a portion of an oil pipeline that runs beneath a channel connecting two Great Lakes

The Independent UK · Dec 1, 2023

3 Oil & Gas Stocks Energizing Portfolios for December

Amid the geopolitical tensions coupled with the recent decision by OPEC+ to further deepen the supply cuts, the energy sector is poised to stay in a sweet spot. In such a scenario, three oil and gas stocks, Baker Hughes Company (BKR), MRC Global (MRC), and Ranger Energy Services (RNGR), might…

StockNews.com · Dec 1, 2023

The Guardian view on Cop28: energy companies are not the only ones with a carbon addiction

Editorial: Just like oil and gas businesses, and petro-states, carbon-intensive industries including meat will fight to keep on polluting

The Guardian - UK · Dec 1, 2023

Crude Moderately Higher on Dollar Weakness and Lower OPEC Crude Production

January WTI crude oil (CLF24 ) this morning is up +0.50 (+0.66%), and Jan RBOB gasoline (RBF24 ) is up +0.0172 (+0.79%). Crude oil and gasoline prices this morning are moderately higher. Weakness in the dollar is underpinning energy prices. Crude also found support today after a gauge of Chinese...

Barchart · Dec 1, 2023

Rishi Sunak defends UK climate ambitions at Cop28 after scaling back net zero pledges

Prime Minister wraps up 11-hour trip to global climate conference with new deal for UK wind farm

Evening Standard · Dec 1, 2023

Sunak blasted for spending more time on jet than at Cop28 as PM accused of climate ‘retreat’

PM hits back at ‘hugely simplistic’ criticism – defending decision to spend more time in the air than at meetings

The Independent UK · Dec 1, 2023