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The Latest Breaking News from Oil

Lula and Petro have the chance of a lifetime to save the Amazon. Can they unite idealism and realpolitik to pull it off?

The South American leaders are in the spotlight as they prepare to host this week’s Cop16 biodiversity summit, November’s G20 meeting and next year’s Cop30 climate summit

The Guardian - UK

Somalia and Turkey are becoming firm allies – what’s behind this strategy

Turkey has ramped up its partnership with Somalia in recent months. It is helping Somalia defend its waters, and has signed a deal to explore for oil and gas off the east African nation’s coast.

The Conversation

Mysterious balls have washed up on Sydney beaches. What are tar balls – and what’s the risk?

While preliminary testing reveals a hydrocarbon-based pollutant, experts say the event is very unusual

The Guardian - AU

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read the most diverse news in one place.

Fossil fuels could become cheaper and more abundant, says IEA

International Energy Agency says transition to clean energy means there will be a surplus of oil, gas and coal

The Guardian - UK

Stock market today: Asian shares track Wall St decline, as selling hits tech companies

Shares are mostly lower in Asia after U.S. stocks pulled back from their records

The Independent UK

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says

An increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market, according to a new report by the International Energy Agency

The Independent UK

Mysterious black balls have washed up on Sydney’s Coogee beach. Are they the result of an oil spill, or something else?

The Conversation

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Asian Markets Track Wall Street Losses On Worries Over Tech Rally

Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fuelled by worries about the sustainability of the AI rally, while oil prices clawed back some of the previous two days' hefty losses.

International Business Times

Wall Street retreats from records as tech stocks drop

China shares fell as investors digested much weaker-than-expected export data released late Monday. Japan's market jumped as its semiconductor firms followed Nvidia upward.

Fortune

Stocks Retreat as Chip Makers and Energy Producers Plunge

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down by -0.76%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.75%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -1.37%. Stocks on Tuesday settled moderately lower. Chip stocks sold off Tuesday...

Barchart

Mystery debris that closed two Sydney beaches confirmed to be thousands of ‘tar balls’

Coogee and Gordons Bay beachgoers had been warned not to touch the material. ‘Tar balls’ form from oil spills or seepage at sea

The Guardian - AU

Rio Tinto praised for ‘breaking ranks’ to back revamp of environment laws – as it happened

This blog is now closed

The Guardian - AU

Crude Prices Sharply Lower as Israel May Not Strike Iranian Oil Sites

Nov WTI crude oil (CLX24 ) Tuesday closed down -3.25 (-4.40%), and Nov RBOB gasoline (RBX24 ) closed down -7.09 (-3.36%). Crude oil and gasoline prices Tuesday sold off sharply, with crude falling to a 2-week low and gasoline sliding to a 1-1/2 week low. Crude prices tumbled Tuesday on...

Barchart

Energy in Q3- Where are Prices Heading in Q4 and Beyond?

The energy sector of the commodities market was the worst-performing sector in Q3, posting a double-digit percentage decline. Seasonality and other factors pushed most traditional energy prices lower, with some exceptions.

Barchart

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The National (Scotland)

IDF-linked firm to receive millions from Rosebank oil field in North Sea

NEW analysis has shown that a fossil fuel firm with links to an Israeli company supplying fuel to the IDF is set to make millions from the…

The Guardian - UK

Carbon capture plan is a colossal waste of money

Letters: The government’s carbon capture scheme is an expensive distraction, argues Dr Richard Carter, while Kate Macintosh and Edric Brown call for a more far-sighted solution to curb emissions

Barchart

Crude Prices Plunge as Israel May Not Target Iranian Oil Facilities

Nov WTI crude oil (CLX24 ) today is down -3.741 (-5.07%), and Nov RBOB gasoline (RBX24 ) is down -8.97 (-4.25%). Crude oil and gasoline prices today are sharply lower, with crude falling to a 2-week low and gasoline sliding to a 1-1/2 week low. Crude prices are sinking today...

Barchart

Stock Indexes Turn Lower as Chip Makers and Energy Stocks Fall

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -1.02%. Stocks today are moderately lower. Chip stocks are retreating today to...

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Barchart

Stocks Lower on Weakness in Energy Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.75%. Energy stocks are under pressure today, with the price of WTI...

Barchart

Stocks Mixed on Robust Bank Earnings and Weakness in Energy Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.087%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.13%. Stocks today are mixed. Stock indexes have support on solid corporate...

The Conversation

Rain may have helped form the first cells, kick-starting life as we know it

Billions of years of evolution have made modern cells incredibly complex. Inside cells are small compartments called organelles that perform specific functions essential for the cell’s survival and operation. For instance, the nucleus stores genetic material, and mitochondria produce energy.

The Independent UK

A water roux keeps challah tender and fluffy

To make an olive-oil challah, the cooks at Christopher Kimball’s Milk Street borrow the water roux technique

The Guardian - UK

Oil price slides amid China slowdown and easing Middle East fears

Brent crude slides by almost $3.50 a barrel to below $74 after Opec cuts forecasts for demand growth

Latin Times

Oil Prices Hit By Easing Middle East Fears, Most Asian Markets Rise

The sell-off came as the commodity is also hit by worries about China's economic outlook after Beijing failed to announce any new stimulus at a weekend briefing.

International Business Times

California Governor Signs Legislation Aimed At Preventing Spikes In Gas Prices

Opponents say the new law may actually lead to higher prices.

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