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The Latest Breaking News from Oil

‘Oligarchy’: Trump exempts big oil donors from tariffs package

Trump’s new 10% universal tariffs will not apply to many fossil fuel products in sign of his fealty, advocates say

The Guardian - US

BP chairman to step down after oil giant retreats from green energy

BP kick-started a search for a new chair after Helge Lund told the board he intends to leave the role ‘in due course’.

The Independent UK

BP Chairman To Step Down After Energy Strategy Reset

BP in February launched a major pivot back to its more profitable oil and gas business, shelving its once industry-leading targets on reducing carbon emissions and slashing clean energy investment.

International Business Times

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Crude oil prices drop 6% as OPEC output rises and Trump's tariffs hit

Crude oil prices plummeted to near multi-year lows following President Trump’s reciprocal tariff announcement, with a larger-than-expected production increase by OPEC and its allies adding further pressure to the sell-off.

Euronews

In the reeling energy sector, an unexpected OPEC production hike plus tariff fears send oil prices plunging 7%

The 'bloom is off the rose' for Trump and the energy sector as stocks and prices plunge

Fortune

Why did Russia escape Trump’s tariffs?

The U.S. already imposes heavy sanctions on Russia but still did approximately $3.5 billion in trade last year

The Independent UK

Crude Oil Prices Plunge on Energy Demand Concerns and Rising OPEC+ Production

May WTI crude oil (CLK25 ) Thursday closed down -4.76 (-6.64%), and May RBOB gasoline (RBK25 ) closed down -0.1667 (-7.15%). Crude oil and gasoline prices plunged to 3-week lows on Thursday due to concern that President Trump’s harsher-than-expected reciprocal tariffs would ignite a trade war that derails the global...

Barchart

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Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturn

The Guardian - UK

Gas Operator Fined $1.9 Million for Damaging Wetlands Is on Trump’s ‘Fast Track’ Approval List

Fracking operation is among more than 600 controversial projects the president wants to expedite to combat the nation's 'energy emergency'

Capital & Main

Midsomer Murders Wild Harvest spoiler: Who was the killer and why did they commit such grisly crimes?

I’ve been a huge Midsomer Murders fan for so many years I’ve lost count and Wild Harvest is an episode that still stands out to me.

Woman & Home

My perfect cake started with a box mix

First, I “cheated” by baking from a box. Then I developed my own homemade cheat codes

Salon

Is the Stock Market Going to Crash in 2025? Here Is What Analysts Are Saying.

Global financial markets are in turmoil today as Trump announced reciprocal tariffs on several countries. But analysts continue to see significant upside in the S&P 500.

Barchart

Sugar Prices Fall on Risk-Off Sentiment and Crude Oil Weakness

May NY world sugar #11 (SBK25 ) today is down -0.44 (-2.25%), and May London ICE white sugar #5 (SWK25 ) is down -8.60 (-1.56%). Sugar prices today are moderately lower as President Trump's reciprocal tariffs have led to risk-off sentiment in most asset markets. Also, today's -7% plunge in...

Barchart

Crude Prices Plummet on Energy Demand Concerns and Rising OPEC+ Production

May WTI crude oil (CLK25 ) today is down -5.34 (-7.45%), and May RBOB gasoline (RBK25 ) is down +0.1820 (-7.80%). Crude oil and gasoline prices today plunged to 3-week lows on concern that President Trump’s harsher-than-expected reciprocal tariffs will ignite a trade war that derails the global economy and...

Barchart

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The National (Scotland)

Just Stop Oil are winding down – but these Scottish protesters vow to keep going

Members of a Scottish campaign group say they will continue to take direct action against the Scottish Government, following Just Stop Oil’s…

Euronews

Dow and S&P drop as Trump's tariffs spark trade chaos on Wall Street

Financial markets around the world are reeling Thursday following President Donald Trump’s latest and most severe volley of tariffs, and the US stock market may be taking the worst of it.

The Guardian - US

Revealed: Trump’s fossil-fuel donors to profit from data-center boom and green rollbacks

Energy Transfer, a top backer of US president, has received requests to power even more energy-guzzling data centers

Evening Standard

New images show moment of North Sea crash as investigation finds neither ship had 'dedicated lookout'

Solong crashed into Stena Immaculate on March 10 about 12 miles off the coast of East Yorkshire.

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The Independent UK

Visibility was ‘patchy’ when container ship hit oil tanker, investigators say

Solong crashed into Stena Immaculate on March 10 about 12 miles off the coast of East Yorkshire.

Kiplinger

Striking Oil in Opportunity Zones: Now Might Be the Best Time to Invest

You could unlock hidden wealth in QOZs with strategic oil and gas investments, potentially combining tax advantages with long-term growth in an essential industry.

Euronews

Trump’s tariff shock rattles markets as investors fear global trade war

Global markets sank as Trump imposed sweeping new tariffs on top US trade partners, sparking fears of retaliatory moves and a global slowdown. Stocks tumbled, bonds rallied, the euro hit a six-month high, and oil prices slumped.

The Independent UK

Takeaways from AP's story on safety concerns about Shell's fleet of oil production ships

A huge oil spill in 2011 from the Bonga, a floating oil production vessel off the coast of Nigeria owned by Shell, was one of the worst there in a decade

The Independent UK

Leaked files raise fears over safety of Shell oil production fleet, years after devastating spill

A large oil spill in 2011 from a floating oil production vessel off the coast of Nigeria, known as the Bonga, was one of the worst there in a decade

Bored Panda

These 20 Solutions Turn Bulk Shopping From Messy To Impressive

For everyone who can't resist buying enough snacks to survive an apocalypse or who genuinely needs three gallons of mayo (no judgment), we've found 20 solutions that transform bulk-buying chaos into something resembling organized adult life. The post These 20 Solutions Turn Bulk Shopping From Messy To Impressive first appeared…

Barchart

Crude Prices Push Higher on Strength in US Economic Reports

May WTI crude oil (CLK25 ) Wednesday closed up +0.51 (+0.72%), and May RBOB gasoline (RBK25 ) closed up +0.0285 (+1.24%). Crude oil and gasoline prices posted moderate gains Wednesday, with gasoline climbing to a 7-month nearest-futures high. Wednesday's fall in the dollar index (DXY00 ) to a 1-1/2 week...

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