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The Latest Breaking News from Oil

Britain likely to generate more electricity from wind, solar and hydro than fossil fuels for the first year ever in 2023

There are many milestones to pass in the transition from a high to low-carbon sustainable energy system. There is the first hour without coal, or oil, or gas generation (or all of them together) and the point when the last coal, oil or gas power plant (or all of them…

The Conversation

Tension in Red Sea Spurs 1% Oil Gain, Extending Weekly Rise

Global-Oil: Riding the waves of tension in the Red Sea, oil prices continue to rise, gaining 1% this week, keeping investors on the edge of their seats.

Top News

Gas, oil ban for remote ecosystem, years after promise

The Queensland government has banned new oil and gas developments in the Lake Eyre basin's rivers and floodplains, almost a decade after an election promise.

AAP

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It’s Settled: New Mexico to Bankroll Plugging of Oil Wells for Texas Company

The company at the center of the settlement is called a “poster child” for state Oil and Gas Act reforms.

Capital & Main

Has Crude Oil Put in an Early Seasonal Low?

Due to consumer demand, crude oil can be a cyclical market. Cold weather brings on heating demand. Warmer weather brings on gasoline demand. Geopolitical factors often significantly impact oil prices that may or may not coincide with a seasonal pattern. Currently, it seems crude oil is experiencing all three of…

Barchart

Crude Posts Moderate Losses on OPEC Rift and Weak U.S. Economic News

February WTI crude oil (CLG24 ) on Thursday closed down -0.33 (-0.44%), and Feb RBOB gasoline (RBG24 ) closed down -4.05 (-1.83%). Crude oil and gasoline prices on Thursday closed moderately lower. Crude prices were weighed down by negative carryover from Wednesday when the EIA reported an unexpected increase in...

Barchart

Quick, Easy Updos You Can Achieve in Minutes

Short on time, but never on style.

Marie Claire

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Exxon Mobil (XOM) vs. Delek US Holdings (DK): Analyzing Energy Stocks for 2024 Gains

Positive forecasts from commodity analysts, supply disruption concerns, and expectations of oil prices due to OPEC+ actions converge to a potential upward shift in oil prices. With this in mind, which of the energy stocks, Exxon Mobil (XOM) and Delek US Holdings (DK), could yield better returns in 2024? Let's…

StockNews.com

Angola to leave OPEC over disagreement on oil production quotas

Oil minister says country ‘gains nothing’ from remaining in the group after disagreements emerge over production cuts.

Al Jazeera

Crude Edges Lower on OPEC Rift and Weak U.S. Economic News

February WTI crude oil (CLG24 ) this morning is down -0.66 (-0.89%), and Feb RBOB gasoline (RBG24 ) is down -4.33 (-1.96%). Crude oil and gasoline prices this morning are moderately lower. Crude prices today are weighed down by negative carryover from Wednesday when the EIA reported an unexpected increase...

Barchart

Angola Departure A Blow For OPEC+ As Cartel Tensions Rise

Angola's departure from OPEC exposes the tensions with the oil cartel as it seeks to cut output to maintain prices just as the United States ramps up production.

International Business Times

60 Indigenous nations oppose pipeline

The 70 year-old pipeline, which just won a key permit, poses “an unacceptable risk of an oil spill"

Salon

Angola is leaving OPEC oil cartel after 16 years after dispute over production cuts

Angola says it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year

The Independent UK

CPCL to pay ₹7.5 crore compensation for oil spill in Ennore

The Tamil Nadu government has fixed a total of ₹8.68 crore as relief fund for families and boats that were affected by the oil spill from industries, in Ennore during Cyclone Michaung.

The Hindu

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Top News

Angola's Shocking Departure: Bidding Farewell to OPEC

Angola takes an audacious step towards energy independence as it announces its departure from OPEC, signaling a bold new era for the African nation.

The Guardian - AU

Queensland to ban new oil and gas drilling in Lake Eyre basin rivers and floodplains

Steven Miles has delivered on two of the environment movement’s most pressing concerns within a week of being sworn-in as premier

International Business Times

Angola To Quit OPEC Over Oil Production Quotas Disagreement

Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel's decision last month to further slash output next year.

Evening Standard

We've got this covered: a year of Evening Standard front pages

From Rupert Murdoch stroking a rabid fox to our very own cover being spoiled by Just Stop Oil’s orange attacks, we look at our favourite front covers of the year at the Evening Standard

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StockNews.com

3 A-Rated Oil & Gas Stocks to Buy for December

The energy sector is capitalizing on a robust demand, augmented by an escalation in domestic gas utilization. Therefore, quality oil and gas stocks Martin Midstream Partners L.P. (MMLP), CrossAmerica Partners LP (CAPL), and Star Group, L.P. (SGU) could be solid buys for December. Also, these stocks are A-rated (Strong Buy)…

Real Homes

Stanley Tucci cooking pasta is Instagram gold — here are 5 chef-recommended picks for your best bowl yet

Stanley Tucci cooking pasta is Instagram gold, so we asked chefs what we need to elevate our pasta dishes to Stanley level

Evening Standard

10 limited spirits to treat yourself with for an outrageous NYE

From single cask bottlings to collaborations, there are some very limited spirits for you to add to your wishlist quick smart. Millie Milliken names her favourites

Top News

Gushing Stocks Burst Oil's Winning Bubble

Buckle up, oil enthusiasts! The glorious winning streak might soon come to an end as US stock builds cast a shadow over the black gold's future. Stay tuned...

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 666

Ukrainian military moving to defensive positions, UK’s MoD says; Russian tax revenue from oil exports slashed by 32%, US says

Salon

US oil producers broke a major record

The U.S. is now producing more oil than any other nation in history

The Independent UK

Oil companies offer $382M for offshore drilling rights in last sale before 2025

Oil companies have offered $382 million for drilling rights in the Gulf of Mexico after courts rejected the Biden administration’s plans to scale back the sale to protect an endangered whale species

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