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The Latest Breaking News from Oil

Crude Prices Rally on EIA Report and Ukrainian Strikes on Russian Refineries

April WTI crude oil (CLJ24 ) is up +1.54 (+1.99%), and Apr RBOB gasoline (RBJ24 ) is up +0.0698 (+2.70%). Oil prices are higher today on a bullish U.S. EIA weekly inventory report and on Ukrainian drone strikes on three Russian refineries. Rosneft's Ryazan refinery near Moscow was set ablaze...

Barchart

Oil and gas companies emit more climate-warming methane than EPA reports

Oil and gas drillers are releasing more climate-warming methane than the government estimates, a new study shows.

WEKU

Oil Prices Surge 2% Amid Russian Refinery Attacks

Global oil prices surged 2% due to Russian refinery attacks and strong market demand, leading to increased volatility and uncertainty in the oil market.

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Ukraine Intensifies Drone Attacks On Russian Oil Refineries

Ukraine intensifies drone attacks on Russian oil refineries and receives 0 million military aid package from the US to bolster defense capabilities.

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MRO vs. PSX - Which Is the Top Energy Stock to Buy in March?

Ongoing conflicts in the Middle East and the extension of oil production cuts by OPEC+ into the second quarter are contributing to the positive sentiment around the energy industry. Let’s compare the fundamentals of Phillips 66 (PSX) and Marathon Oil Corporation (MRO) to determine which energy stock is a better…

StockNews.com

Putin reiterates nuclear threat as Ukraine launches drone strikes on Russian oil refineries

Ukraine launched a sweeping drone attack on Russian regions on Wednesday, causing a fire at Rosneft's biggest oil refinery in what President Vladimir Putin said was an attempt to disrupt Russia's presidential election.

France 24

You're probably removing your cuticles incorrectly—these 4 easy steps will up your mani game tenfold

Your guide to all things cuticles

Marie Claire

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Fossil fuel firms must plug methane leaks to meet climate targets, warns watchdog

Spending to clean up their operations would be equivalent to only 5% of profits made last year, IEA estimates

The Guardian - UK

Woodside, Santos expansion less than super for funds

Some superannuation funds are reducing exposure to Woodside and Santos as members demand more climate action instead of their money bankrolling new gas fields.

AAP

Crude Prices Fall as EIA Predicts Higher U.S. Oil Production

April WTI crude oil (CLJ24 ) Tuesday closed down -0.37 (-0.47%), and Apr RBOB gasoline (RBJ24 ) closed up +0.59 (+0.23%). Oil prices were undercut Tuesday after the U.S. DOE Energy Information Administration (EIA), in its Short-Term Energy Outlook, forecasted that U.S. crude oil production in 2024 will rise +2.0%...

Barchart

Crude Prices Higher on Macroeconomic Optimism

April WTI crude oil (CLJ24 ) today is up +0.32 (+0.41%), and Apr RBOB gasoline (RBJ24 ) is up +0.0075 (+0.29%). Crude oil prices today are seeing support from strength in U.S. stocks and expectations that the Fed is on track for a June rate cut, which is positive for...

Barchart

Oil Prices Stable As OPEC Maintains Demand Forecasts

OPEC's decision to maintain oil demand forecasts stabilizes prices amid global economic uncertainties.

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How did Norway become the electric car superpower? Oil money, civil disobedience – and Morten from a-ha

More than 90% of new cars sold in Norway are electric. And it all started with some pop stars driving around in a jerry-built Fiat Panda

The Guardian - UK

Exxon Mobil French Refinery Honors Contracts After Fire

Exxon Mobil's French refinery maintains contract obligations post-fire incident, demonstrating resilience and commitment in the oil and gas industry.

Top News

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US Maintains Global Oil Production Lead For Sixth Consecutive Year

The US maintains its position as the top global oil producer, showcasing resilience and efficiency in the industry.

Top News

OPEC And IEA Divided On Oil Demand Analysis

OPEC and IEA differ on post-COVID oil demand, influencing global market dynamics.

Top News

Russian Economy Shows Resilience Amid Sanctions

Russia's economy adapts to sanctions with domestic alternatives, maintaining stability despite challenges. Inflation, low unemployment, and reliance on oil...

Al Jazeera

Ukrainian drones and missiles strike Russian oil refineries

Ukraine continues to target Russia’s oil and gas infrastructure.

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International Business Times

Pro-Ukraine Militias Stage Attack On Russian Border Regions

Pro-Ukrainian militias staged a brazen cross-border attack on Russia on Tuesday, fighters and Russia's defence ministry said, hours after Kyiv launched one of its largest drone attacks since the start of the war.

The Guardian - UK

No big North Sea fossil fuel country has plan to stop drilling in time for 1.5C goal

UK, Germany, Netherlands, Norway and Denmark have failed to align oil and gas policies with Paris pledges, say campaigners

Newsroom.co.nz

Concerns as new oil well operator rises from the ashes of liquidated Tamarind

The same executives who ran Malaysian-owned firm Tamarind Resources into the ground, leaving the government with a half-billion dollar clean-up, are back operating its oil and gas permits in Taranaki again – just under a new company name. Jonathan Milne investigates.

Barchart

Crude Prices Lower on Underlying Concerns about Chinese Demand and Russian Output

April WTI crude oil (CLJ24 ) today is down -0.11 (-0.14%), and Apr RBOB gasoline (RBJ24 ) is up +0.0260 (+1.03%). Crude oil prices are being undercut by by the slightly higher dollar index and by today's weakness in stocks. Also, crude oil is seeing some bearish carry-over after the...

Capital & Main

Many of the U.S. Banks Funding Coal Have an Unusual Carve-Out

They will still directly fund coal plants that are taking steps to abate their emissions using the untested technology.

The Hindu

ONGC puts seismic survey in Eastern Offshore block in Krishna Godavari basin on hold

The Oil and Natural Gas Corporation (ONGC) has put on hold a seismic survey, scheduled to be carried out between the first week of March and July 2024, in the Krishna-Godavari-DWN-98/2 block (Cluster-II), 65 km off Kakinada coast in the Eatern Offshore.

Barchart

Crude Oil: Is the Bullish Trend Our Friend?

NYMEX WTI and ICE Brent crude oil prices have made higher lows and higher highs since the mid-December 2023 lows. The trend is always your best friend in markets across all asset classes until it bends.

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