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The Latest Breaking News from Oil

Treasury Nominee Supports Tougher Sanctions On Russia

Biden administration imposes new sanctions on Russian oil entities to disrupt funding for Ukraine conflict.

Top News

Labour face rebellion as seven MSPs back North Sea jobs campaign against Westminster

KEIR Starmer and Anas Sarwar are facing a rebellion after seven Labour MSPs backed a campaign calling on Westminster to support oil and gas jobs in…

The National (Scotland)

Crude Prices Fall on the Prospect of Trump Easing Sanctions on Russian Crude

February WTI crude oil (CLG25 ) today is down -1.76 (-2.20%), and February RBOB gasoline (RBG25 ) is down -0.0582 (-2.70%). Crude and gasoline prices today are moderately lower, based on the prospect that President-elect Trump will ease sanctions on Russian energy exports to facilitate a diplomatic accord between Russia...

Barchart

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Burgum promises energy dominance at Interior - Roll Call

Doug Burgum, Donald Trump's pick for Interior secretary, promised to boost domestic energy through oil and gas leasing on federal land.

Roll Call

‘TARIFFS all the way!!!’: EU mulls carrots and sticks to counter Trump on trade

Bloc may ward off incoming president’s threats by buying more US goods, or impose its own tariffs in retaliation

The Guardian - UK

BP cutting 4,700 jobs worldwide as part of cost-saving drive

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive

The Independent UK

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

International Business Times

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BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn

Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy

The Guardian - UK

Bull Case for Transocean Stock: 100% Upside Could Be Within Reach

After Goldman Sachs released its 2025 macro outlook report, a lot of traders started picking up on the new upside potential in oil names.

MarketBeat

Sea level rise comes for major oil ports

Oil ports on coasts in places like the United States, China and Saudi Arabia will be threatened by sea levels

Salon

Former North Dakota Gov. Doug Burgum Nominated For Interior Secretary

Former North Dakota Gov. Doug Burgum's nomination for chief steward of U.S. public lands and waters raises questions about energy policies and climate chan...

Top News

Does putting magnesium oil on your feet really help you fall asleep fast? Here's what the science says

TikTokers are oiling their feet with magnesium to help them fall asleep fast and improve the rest they get. But does the science back it? We ask an expert for their insight

Tom’s Guide

Sri Lanka Signs Landmark $3.7 Bn Deal With Chinese State Oil Giant

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday.

International Business Times

5 ways to get rid of ticks on lawns for good, according to pest and lawn experts

Discover the best natural methods to kill ticks on lawns, and ways to prevent them

Homes & Gardens

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Barchart

Crude Rallies Sharply as US Crude Supplies Tighten

February WTI crude oil (CLG25 ) Wednesday closed up +2.54 (+3.28%), and February RBOB gasoline (RBG25 ) closed up +0.0543 (+2.58%). Crude and gasoline prices rallied sharply Wednesday, with crude posting a 6-month high and gasoline climbing to a 3-1/4 month high. Wednesday's weaker dollar is bullish for energy prices....

The Independent UK

8 best plug-in air fresheners, tried and tested at home

Scent your home with one of these handy plug-in products

Woman & Home

Top beauty tips for oily skin - according to skincare professionals and makeup artists

Dermatologists, MUAS and skincare pros share their tips and trips to banish the shine while keeping hydrated

Barchart

Crude Rallies as EIA Inventories Fall to a 2-3/4 Year Low

February WTI crude oil (CLG25 ) today is up +1.97 (+2.54%), and February RBOB gasoline (RBG25 ) is up +0.0605 (+2.87%). Crude and gasoline prices are rallying today, with crude posting a 5-month high and gasoline climbing to a 3-1/4 month high. Today's weaker dollar is bullish for energy prices....

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International Business Times

Russian Inflation Climbs As Ukraine Offensive Weighs On Economy

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy.

Latin Times

California Bill Forcing Polluters to Pay for Climate Change Disasters Killed by Oil Companies

Fossil-fuel industry lobbying in California spiked to record levels during the 2023-24 legislative session; just two companies spent more than $30 million to strike down the "polluter pay" bill.

The Conversation

A national, nonpartisan study of the Los Angeles fires could improve planning for future disasters

The Los Angeles fires are a national disaster of epic proportions. City officials, California Gov. Gavin Newsom and President-elect Donald Trump have traded accusations about what caused this crisis. But as an engineering professor who lives in Los Angeles and has studied extreme events and natural and human-caused disasters for…

The Guardian - UK

How to make the perfect smacked cucumbers – recipe

This cool, crunchy Sichuan salad, drenched in garlicky dressing and fiery chillies, is now a global favourite. The secret? Make sure you bruise the cucumbers, rather than actually smash them

The Guardian - US

Big oil pushed to kill bill that would have made them pay for wildfire disasters

Legislation has new life in wake of Los Angeles catastrophe but US fossil-fuel industry is already mobilizing against it

International Business Times

BP Nears Deals For Oil Fields, Curbs On Gas Flaring In Iraq

Iraq and British oil giant BP are set to finalise a deal by early February to develop four oil fields in Kirkuk and curb gas flaring, Iraqi authorities announced Wednesday.

Homes & Gardens

Non-toxic? No problem – 4 eco-friendly and sustainable swaps professional cleaners always recommend

Cleaning experts reveal the best natural ways to fight grease and grime

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