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The Latest Breaking News from Oil

Crude Climbs on Dollar Weakness and US-China Trade Talk Optimism

June WTI crude oil (CLM25 ) today is up +0.70 (+1.17%), and June RBOB gasoline (RBM25 ) is up +0.0131 (+0.63%). Crude oil and gasoline prices today added to Thursday's sharp gains and climbed to 1-1/2 week highs. Today's dollar weakness is bullish for energy prices. Also, optimism about this...

Barchart

Global methane emissions still far above what countries report, IEA warns

The fossil fuel industry released more than 120 million tonnes of methane in 2024, keeping emissions close to record highs, the International Energy Agency said this week. The level has barely changed since 2019, despite global pledges to cut this powerful greenhouse gas.

Radio France Internationale

Do Markets in General Make Sense?

I agree with Chairman Powell's concussion this week when he said, "It's really not at all clear what it is we should do." We can see the various markets sectors are also uncertain.

Barchart

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How Oil Analysis Reveals Your Engine's Secrets

Oil analysis is forensic, like dusting your engine for prints. But instead of looking for clues on whodunnit, Blackstone monitors your engine’s health. Send off a quart or so of oil for analysis, and you’ll learn a ton.

Motor1

UK Government blamed for Harbour Energy cutting 250 North Sea jobs

THE UK Government has been blamed after Harbour Energy revealed plans to axe around 250 jobs in Scotland ...

The National (Scotland)

The artist as creator of all things: Julie Fragar wins the Archibald for a portrait among the stars

Beatrice Gralton, who curated this year’s Archibald, Wynne and Sulman prizes, has hung the exhibition well. Julie Fragar’s Archibald-winning portrait of her friend and fellow artist Justene Williams is impossible to miss in the central court of the Art Gallery of New South Wales.

The Conversation

Asian stocks are mixed after hopes for China-US talks, trade deal with the UK lift Wall Street

Shares are mixed in Asia as investors pin their hopes on weekend trade talks between China and the U.S. U.S. futures and oil prices logged modest gains

The Independent UK

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Will Donald Trump's 'drill, baby, drill' agenda sink SNP oil stance?

DONALD Trump’s “drill, baby, drill” has sent shivers down the spines of environmentalists across the world.

The National (Scotland)

Ukraine war briefing: Trump calls for ‘ideally a 30-day ceasefire’ backed with sanctions

Ukrainians record 734 attacks despite Putin’s claim of three-day halt to fighting; Britain further targets Russian oil ‘shadow fleet’. What we know on day 1,171

The Guardian - AU

UK announces fresh wave of Russia sanctions as 100 cargo-carrying oil tankers are targeted

Officials have said the Government will take action against up to 100 oil tankers that have been carrying cargo in defiance of sanctions

Evening Standard

UK announces fresh wave of Russia sanctions ahead of military coalition meeting

Officials have said the Government will take action against up to 100 oil tankers that have been carrying cargo in defiance of sanctions.

The Independent UK

Meghan Markle faces $10 million lawsuit threat over bath salts recipe — lawyers dismiss claims

The Duchess of Sussex’s bath salts recipe is a mixture of salts, essential oils, and arnica oil

The Independent UK

ConocoPhillips CEO: 'Don't whipsaw this thing too hard right now'

“The ultimate depth and duration of this current price environment remains unclear,” said ConocoPhillips chairman and CEO Ryan Lance in the earnings call. “We are playing the long game.”

Fortune

Crude Settles Sharply Higher as the US-UK Trade Deal Boosts Economic Optimism

June WTI crude oil (CLM25 ) Thursday closed up +1.84 (+3.17%), and June RBOB gasoline (RBM25 ) closed up +0.0575 (+2.84%). Crude oil and gasoline prices on Thursday settled sharply higher after President Trump announced a trade deal with the UK, which eased trade tensions and bolstered optimism that more...

Barchart

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Sugar Prices Climb on Strength in Crude Oil

July NY world sugar #11 (SBN25 ) Thursday closed up +0.37 (+2.16%), and August London ICE white sugar #5 (SWQ25 ) closed up +9.50 (+1.96%). Sugar prices Thursday settled moderately higher as a +3% rally in WTI crude oil (CLM25 ) sparked short covering in sugar futures. Higher crude prices...

Homes & Gardens

I’ve saved money by swapping pungent commercial window cleaner sprays for this gentle, effective and luxury-smelling DIY recipe

You don’t even need vinegar

TechRadar

US government warns of "unsophisticated" hackers targeting oil and gas systems

CISA warns cybercriminals are attacking critical infrastructure, with oil and gas under particular focus.

The Texas Tribune

Texas has thousands of abandoned oil and gas wells. Who is responsible for cleaning them up?

Across Texas, abandoned wells are erupting with chemical-infused liquid and some have created massive lakes of contaminated water. Regulators say they need more money to address the problem.

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Crude Oil Rallies on News of a US-UK Trade Deal

June WTI crude oil (CLM25 ) today is up +1.66 (+2.86%), and June RBOB gasoline (RBM25 ) is up +0.0522 (+2.57%). Crude oil and gasoline prices today are moderately higher after President Trump announced a trade deal with the UK, which eased trade tensions and bolstered optimism that more trade...

Advnture

Air pollution monitoring to protect people and wildlife in national parks suspended after former oil exec given oversight of National Park Service

The change comes amid fears that other conservation programmes will be next in the firing line

Euronews

2025 is ‘a pivotal year for methane mitigation’ in EU thanks to world-first rules. What’s changing?

Most of the methane emissions from fossil fuels used in Europe are tied to imports, the report also finds.

The Independent UK

Nigerian oil spill still damaging livelihoods 17 years later, court hears

The Bodo community are seeking a court injunction that would compel clean-up action.

MarketBeat

Is Energy Transfer Undervalued or a Value Trap?

With oil prices under pressure, investors are asking if Energy Transfer is an undervalued energy stock or a value trap in a cyclical sector

The Conversation

Alberta has long accused Ottawa of trying to destroy its oil industry. Here’s why that’s a dangerous myth

“Alberta is a place soaked in self-deception.” Those words began Alberta-based journalist Mark Lisac’s 2004 book aimed at shattering the myths that have unhelpfully animated too much of Alberta’s politics over the past few decades.

Homes & Gardens

Summer House's Lindsay Hubbard has a scent-scaping tip that will impress your impromptu guests – it will change how you host in 2025

The reality TV star and new mom has teamed up with AirWick, and has shared that she loves to use different scents in different areas of the home

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