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The Latest Breaking News from Oil

3 Oil Stocks With High Upside as Global Demand Rebounds

The outlook for oil demand growth appears promising despite economic uncertainties and worldwide supply deficit. Amid this, investing in quality oil stocks Enterprise Products Partners (EPD), Marathon Oil (MRO), and Plains All American Pipeline (PAA) could be ideal as global demand rebounds. Read more.

Why We Need End-to-End PPE Production On US Soil

Why We Need End-to-End PPE Production On US Soil

US dependency on foreign producers for PPE—underscored by COVID—poses a threat not just to the average American consumer, but to American national security as a whole.

International Business Times

Investors need clarity on BP policy not boss’s weak promises

Investors need clarity on BP policy not boss’s weak promises

Shareholders still do not know if giant will jettison goal to cut oil and gas production by 25% by 2030

The Guardian - UK

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Closing Grangemouth Oil Refinery will hit Scotland’s national security, MP says

Brian Leishman said the proposed closure of Grangemouth is at odds with Great British Energy’s hopes to safeguard national and energy security

Evening Standard

7 surprising ways to use aluminum foil around the house beyond cooking, including tackling pests, polishing pots and sharpening scissors

Expert-approved tips to make best use of this multi-purpose kitchen staple

Homes & Gardens

Oil Prices Extend Monday's Plunge

December WTI crude oil (CLZ24 ) today is down -0.73%, and December RBOB gasoline (RBZ24 ) is down -0.96%. Dec crude oil prices today extended Monday's plunge of -6.13%, which was driven by the fact that Israel's weekend retaliatory strike was relatively limited and raised hopes that the direct attacks...

Stocks See Support from Positive US Consumer Confidence Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.43%. Stocks today opened mildly lower but gained some ground after the stronger-than-expected US consumer...

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Developers stop oil drilling in Surrey amid legal row after Supreme Court ruling

Developers stop oil drilling in Surrey amid legal row after Supreme Court ruling

Lawyers for Friends of the Earth urged Surrey County Council to take immediate enforcement action against the developer of the Horse Hill site.

Evening Standard

World Bank Expects Oil Glut To Cause Commodity Price Slump

World Bank Expects Oil Glut To Cause Commodity Price Slump

Global commodity prices should fall to a five-year low next year thanks to a huge oil glut, the World Bank said Tuesday, pointing to oversupply and to flat demand from China.

International Business Times

Stocks Pressured by Earnings and Election Uncertainty

Stocks Pressured by Earnings and Election Uncertainty

The S&P 500 Index ($SPX ) (SPY ) today is down -0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.10%. Stocks today are narrowly mixed on caution ahead of a slew of key events,...

I used to conserve artworks. Now I am in prison for taking climate action

I used to conserve artworks. Now I am in prison for taking climate action

What’s the point of preserving masterpieces for a future being destroyed by fossil fuel companies? says Margaret Reid, Just Stop Oil activist and former museum professional

The Guardian - UK

Global Shares Mostly Up After U.S. Stocks Close Higher

Global Shares Mostly Up After U.S. Stocks Close Higher

Global shares rise as U.S. stocks lead the way, while oil prices fluctuate amid Middle East tensions and upcoming U.S. election.

Asian Markets Fluctuate With Eyes On Megatech Results

Asian Markets Fluctuate With Eyes On Megatech Results

Investors are eyeing the earnings reports of five of the "Magificent Seven" tech giants due this week, including Google parent Alphabet, Amazon, Apple, Facebook-parent Meta, and Microsoft.

Petrol and food prices will fall thanks to oil glut, says World Bank

Petrol and food prices will fall thanks to oil glut, says World Bank

Downward trend in oil price from higher production, falling demand in China and clean energy to continue

The Guardian - UK

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The National (Scotland)

'Shameful' Labour told to act as BP records 'obscene' profits

LABOUR have been told to close the loopholes in the windfall tax and use it to end cuts to the Winter Fuel Payments ...

International Business Times

Oil Giant BP Reports Drop In Third-quarter Net Profit

The group earlier this month flagged to markets that its latest earnings would take a sizeable hit after oil prices have fallen on concerns over Chinese demand and the prospect of higher crude production in 2025.

The Guardian - UK

BP posts weakest quarterly profits in almost four years amid lower oil prices

Energy company says it plans to cut at least $2bn of cash costs from the business by the end of 2026

Evening Standard

BP delivers smallest quarterly profit since the pandemic amid shareholder unrest

Oil supermajor to reward investors with a dividend of 8 cents and a $1.75 billion share buyback “as part of our $3.5 billion commitment for the second half of 2024.”

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The Independent UK

BP profits slump as faltering demand hits refining margins

The energy giant said profits were down more than 30% compared with the same period a year earlier, amid faltering oil demand globally.

Evening Standard

FTSE 100 Live 29 October: HSBC shares rally as results beat hopes, BP profits fall

Top marks for Pearson and forecast-beating HSBC today contrasted with a results-day setback for BP near the foot of the FTSE 100 index.

The Independent UK

Stock market today: Asian shares mostly rise after Wall Street climbs on Big Tech gains

Asian shares mostly rose after U.S. stocks closed broadly higher with gains in Big Tech companies offsetting a skid in oil-and-gas stocks

Global Oil Prices Fall After Israel's Measured Strike On Iran

Global oil prices drop after Israel's strike on Iranian military sites, influenced by Middle East tensions and global economic factors. Experts foresee fur...

3 Top Energy Dividend Stocks for Steady Passive Income

Discover three top energy dividend stocks that offer a compelling combination of steady income and growth potential, making them attractive choices for investors seeking passive income in the energy sector.

Stocks Close Higher on Reduced Middle East Risks

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.12%. Stocks rallied Monday on reduced Middle East geopolitical risks after Israel over the...

Oil Prices Plunge after Israel Limits Its Retaliatory Strike on Iran

December WTI crude oil (CLZ24 ) on Monday closed down -4.40 (-6.13%), and December RBOB gasoline (RBZ24 ) closed down -0.0113 (-5.46%). Crude oil prices plunged on Monday after Israel over the weekend launched a limited retaliatory strike on Iran and did not strike any of Iran's oil facilities. Iran...

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