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The Latest Breaking News from Oil

As the mighty Permian Basin slows, Canada stands to rise in the shale oil and gas world

Kimmeridge activist investment firm eyes Canadian producers and new LNG projects.

Fortune

Oil Prices Slide After OPEC+ Output Hike

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand.

International Business Times

Budget Bites: Spring dinners that feel fancy (but take less than half an hour)

These three veg-packed plates look impressive, taste even better and won’t leave you sweating over the stove – or the shopping bill. Tofu tacos, spicy pasta and a crisp-filled tortilla walk into your weeknight…

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

A massive coastal restoration project is in peril amid claims Louisiana concealed a critical report

An ambitious project to restore a rapidly vanishing stretch of Louisiana coast devastated by the 2010 Gulf oil spill has been thrown deeper into disarray amid claims by Gov. Jeff Landry that his predecessor concealed an unfavorable study that could imperil the $3 billion effort

The Independent UK

Oil prices plunge to multi-year low as OPEC+ plans to accelerate production hikes

Crude oil prices fell to a multi-year low on Monday as OPEC+ confirmed plans to continue unwinding production cuts, accelerating output increases in June. The move is expected to exacerbate a market surplus amid weakening demand driven by escalating US-China trade tensions.

Euronews

'Bombshell' OPEC+ Output Hike Hits Oil Price

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed.

International Business Times

Oil prices drop $2 with most Asian markets closed for holidays

Oil prices have fallen more than $2 a barrel after the OPEC+ group of oil producing nations said it plans to increase output

The Independent UK

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Aussie shares see red as energy, banks snap winning run

A continued fall in the oil price and an underwhelming result from Westpac have weighed on the Australian bourse, ending a seven-day green streak.

AAP

‘Freak offs’, baby oil and the Cassie tape: The shocking allegations behind Diddy’s trial

Music mogul, facing charges of sex trafficking, racketeering and transportation for prostitution, has pleaded not guilty

The Independent UK

Stocks may snap longest winning streak in 20 years as futures dip while OPEC+ crushes oil prices

Futures for the Dow Jones industrial average dropped 193 points, or 0.47%. Futures for the S&P 500 fell 0.52%, and Nasdaq futures eased 0.53%.

Fortune

Dramatic fire ends Denny Hamlin's Texas NASCAR Cup race

Denny Hamlin became the first driver to fall out of the race Sunday at Texas Motor Speedway with his day ending in a dramatic oil fire.

Motorsport

Shell reportedly weighing up merits of making move to buy BP

Such a takeover would be one of biggest deals ever in oil and gas industry

The Guardian - UK

Cost of emissions from five major Australian resource companies more than $900bn, study finds

US researchers link BHP, Rio Tinto, Santos, Whitehaven Coal and Woodside Energy to specific climate harms over three decades

The Guardian - AU

How to make the perfect vegan caesar salad – recipe

A respectful homage to the classic caesar, using plant-based ingredients to hit the same flavour notes

The Guardian - UK

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MarketBeat

Why Energy Stocks Like Exxon and Hess Are Back in Focus

After power outages left Portugal and Spain in the dark, the world might have woken up to the fact that fossil fuels are still necessary.

The National (Scotland)

Anas Sarwar blames SNP and Tories for Grangemouth job losses

ANAS Sarwar has claimed the SNP and Tories are to blame for job losses at Grangemouth oil refinery after he was challenged on previous promises he…

The National (Scotland)

Grangemouth closure risks fuel shortages and rationing, MP claims

MINISTERS have been warned that the closure of Scotland’s last oil refinery risks fuel shortages and even rationing.

Al Jazeera

Houthis maintain pressure on Israel as US launches more strikes on Yemen

Prime minister of Yemen’s internationally recognised government has resigned amid political turmoil.

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news in one place.

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The Guardian - US

Puerto Rico drops climate lawsuit after DoJ sues states to block threats to big oil

Territory’s voluntary move comes as Trump administration makes good on pledge to end lawsuits against oil and gas

Barchart

Crude Prices Settle Lower as OPEC+ Discusses a Crude Production Hike

June WTI crude oil (CLM25 ) Friday closed down -0.95 (-1.60%), and June RBOB gasoline (RBM25 ) closed down -0.0293 (-1.43%). Crude oil and gasoline prices fell moderately on Friday after OPEC+ brought forward its meeting to discuss an increase in crude production, bolstering concerns about a global supply glut....

The Independent UK

Oil and gas supplier says Tesla is ‘refusing to pay’ $2 million in past-due bills – and that chaotic staffing has only made it worse

Exclusive: Myriad excuses, dubious justifications and ‘constant personnel turnover’ has stymied Sun Coast Resources from being made whole, according to a civil complaint obtained by The Independent

Fortune

Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices

Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud with each other.

International Business Times

Lower Profits At US Oil Giants Amid Fall In Crude Prices

US oil giants ExxonMobil and Chevron reported lower profits Friday, reflecting the hit from falling crude prices amid global economic uncertainty surrounding President Donald Trump's tariffs.

Barchart

Is This Warren Buffett Dividend Stock a Buy Before May 3?

A favorite of the Oracle of Omaha in recent years, murmurs are getting stronger of a buyout of the company by the legendary investor.

Barchart

Arabica Coffee Prices Slip on Brazil Coffee Crop Optimism

July arabica coffee (KCN25 ) today is down -1.40 (-0.36%), and July ICE robusta coffee (RMN25 ) is up +142 (+2.77%). Coffee prices today are mixed. Arabica coffee is under pressure as above-normal rain in Brazil has boosted soil moisture levels and is bearish for coffee prices. Somar Meteorologia reported...

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