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The Latest Breaking News from Oil

Nigerian communities set to have oil pollution High Court claims tried in 2027

Members of the Bille and Ogale communities began legal action in 2015, claiming they have suffered systemic and ongoing oil pollution for years.

Evening Standard

EU squeezes Russia financially to reach ‘peace through strength’ in Ukraine

After banning Russian oil in 2022, the EU proposes phasing out Russian gas and maximising profits from Russian assets.

Al Jazeera

Wall Street reports 65% chance that U.S. will intervene in Iran. Goldman Sachs says OPEC will be key buffer in oil volatility

Goldman Sachs said markets are estimating a 65% likelihood of the U.S. intervening in the Middle East, though added there’s a 50% chance of a deal being reached this year.

Fortune

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Texas creating task forces to target Permian Basin oil field thefts

Texas lawmakers passed a suite of bills that officials said are crucial to combat losses in the state’s largest oil field.

The Texas Tribune

Crude Sinks As Trump Delays Decision On Iran Strike

Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel's attacks on Iran.

International Business Times

How to achieve expressive life drawing an an iPad

Artist Rick Graham shows us how he captures a live figure session using an iPad app that replicates real paint.

Creative Bloq

Australia wants more foreign investment. That’s why a $29 billion bid for Santos puts the Treasurer in a tricky position

The Australian origins of Santos have made an indelible mark on the company’s very name. The energy giant was first incorporated in 1954 under the acronym for “South Australia Northern Territory Oil Search”. It was publicly listed on the Adelaide Stock Exchange that same year.

The Conversation

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Tinned fish: The surprisingly sexy new status symbol

FOOD FOCUS: Once a sad back-up for beans on toast, tinned fish is now a chic deli staple, an Instagram collectable – and surprisingly expensive. Hannah Twiggs meets the man behind the tins everyone’s showing off

The Independent UK

Asian shares are mixed and oil gains as world waits to see if US will join Israel's war against Iran

Crude oil prices have climbed and Asian shares are trading mixed as markets await more clarity on whether or not the U.S. will join Israel’s war against Iran

The Independent UK

Australian stock market snaps five-week winning streak

The ASX200 has retreated from last week's record highs as tariffs, conflict in the Middle East and global economic headwinds weigh on investors.

AAP

California is to examine its Amazon oil ties following pleas from Indigenous leaders from Ecuador

The California Senate has introduced a landmark resolution to have the state examine its crude imports from the Amazon, following a visit this week by Indigenous leaders from Ecuador who urged lawmakers to help stop oil expansion in their territories

The Independent UK

Clandestine Cartel Oil Refinery Raided by Mexican Authorities

The refinery fits a pattern long associated with fuel theft and money laundering by criminal groups in Mexico, especially the Jalisco New Generation Cartel (CJNG).

Latin Times

These foods might be spiking your blood pressure without you knowing, doctors say

High blood pressure can result in heart disease and stroke

The Independent UK

Sugar Futures Remain Bearish- Can the Sweet Commodity Rally?

World sugar futures have been in a bearish trend since November 2023, making lower highs and lower lows. The price of the continuous ICE futures contract recently probed below 16 cents for the first time since April 2021. However, one factor could cause a recovery over the coming weeks and…

Barchart

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Woman & Home

Heading to Glastonbury? This £8 ‘bug deterrent’ moisturising oil is the multi-tasking spray you need for silky, protected skin

This could be the easiest way to protect, hydrate and add a sheen to your skin this festival season

Evening Standard

Stocks dip as Bank of England leaves interest rates unchanged

The FTSE 100 index closed down 51.67 points, 0.6%, at 8,791.80.

Bored Panda

24 Kitchen Helpers That Solve Problems You Text Your Mom About

Let's discover some tools that might just make your time in the kitchen a whole lot more efficient and, dare we say, enjoyable.

Evening Standard

New environmental guidance published for halted North Sea oil and gas projects

Emissions created when fossil fuels are burned will now be taken into account in the wake of a Supreme Court ruling.

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Euronews

Greenpeace warns of potential environmental disaster as oil tankers collide near Strait of Hormuz

Greenpeace said it had reviewed satellite imagery that showed a plume of oil stretching up to about 1,500 hectares from the crash site.

Al Jazeera

Can the Israeli and Iranian economies survive a war?

Costs of war and damage done since Friday will be expensive for both Israel and Iran.

Fortune

Trump's decision on whether to bomb Iran could have knock-on effects for his fight against the Fed

if Trump decides to bomb Iran and the conflict produces a prolonged disruption to the supply of oil, that might strengthen the dollar while damaging the global economy.

Euronews

Bank of England holds interest rates amid intensifying inflation risks

As widely expected, the Bank of England kept interest rates on hold as fears grow that the conflict between Israel and Iran will escalate to involve the United States. This would likely send oil prices soaring and push UK inflation further above target.

The Guardian - UK

Reeves promised oil industry ‘quid pro quo’ over windfall tax in private meeting

Government accused of making ‘secret exchange deal’ with fossil fuel companies to compensate for tax hike

The Independent UK

UK's central bank set to keep interest rates on hold amid Middle East uncertainties

The Bank of England is set to keep interest rates on hold as fears grow that the conflict between Israel and Iran will escalate to involve the United States and send oil prices soaring and push U.K. inflation further above target

The Guardian - UK

Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates

Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan

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