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The Latest Breaking News from Oil

Crude Closes Mildly Higher as Red Sea Worries Overshadow a Bearish EIA Report

February WTI crude oil (CLG24 ) on Wednesday closed up +0.28 (+0.38%), and Feb RBOB gasoline (RBG24 ) closed up +0.06 (+0.03%). Crude oil and gasoline prices on Wednesday posted modest gains, with crude climbing to a 2-1/2 week high. Concerns about disruptions to Middle East crude supplies are boosting...

Barchart

Oil companies losing optimism, Dallas Fed survey reveals downturn

Oil companies in the USA are feeling less optimistic, according to a survey conducted by the Dallas Fed. Find out why their outlook is faltering.

Top News

Ennore Creek emergency oil spill recovery work completed

Oil recovery & mitigation work in Ennore Creek area completed; 900 people, including local fishermen, involved in cleaning oil ingress in mangroves.

The Hindu

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This High-Yield Energy Stock Has 33% Upside Potential

This oil and gas stock offers a double-digit percentage yield, and Wall Street expects significant upside from the shares over the next year. Here's a closer look at this top-rated MLP, and what analysts are anticipating in 2024.

Barchart

Crude Rises as Red Sea Worries Overshadow a Bearish EIA Report

February WTI crude oil (CLG24 ) this morning is up +0.78 (+1.05%), and Feb RBOB gasoline (RBG24 ) is down -0.22 (-0.10%). Crude oil and gasoline prices this morning are mixed, with crude climbing to a 2-1/2 week high. Concerns over disruptions to Middle East crude supplies are boosting oil...

Barchart

How fossil fuel companies won COP28

Another climate summit has come and gone. The 28th Conference of the Parties of the UN Framework Convention on Climate Change (COP28 to you and me) took stock of the world’s progress in limiting global heating to 1.5°C. This is the guardrail scientists have advised world leaders to make every…

The Conversation

Should you really buy non-stick pans? Expert advice on surprisingly divisive pans

Non-stick pans have become increasingly popular over the years. But with valid health concerns, I spoke to experts about the benefits and limitations.

Homes & Gardens

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U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers

The U.S. has imposed new sanctions on alleged violators of its price cap on Russian oil and tightened compliance rules for insurance firms and shippers that move it

The Independent UK

Oil Prices Rebound After Houthi Attacks In Red Sea; BP, Equinor Pause Shipping Through Suez

Attacks on Red Sea shipping are driving up oil prices, prompting the US to form a coalition of nation's the crack down on Iran-backed Houthi rebels. Geopolitical uncertainty looks to be a key concern for investors in 2024.

International Business Times

Houthis Ruin Christmas

Plus: The fertility crisis, the origins of Israel, El Segundo's tech scene, and more...

Reason

More than 100 container ships rerouted from Suez canal to avoid Houthi attacks

Cape of Good Hope diversion adds 6,000 nautical miles and three or four weeks to delivery times and has driven up oil prices

The Guardian - UK

Energy price cap in Great Britain to fall by 14% in April, says forecaster

Cheaper oil and gas expected to fuel drop in annual bills by £268 to £1,660

The Guardian - UK

Dutch bank ING says it is accelerating its shift away from funding fossil fuels after COP28 deal

Dutch bank ING says it is accelerating its phasing out of funding for oil and gas exploration and production activities while it increases financing for renewable energy

The Independent UK

Market Optimism: Asian Shares Rise as Rate Cut Fever Continues

Get ready for a wild ride as Asian shares surge amidst an ongoing fever for a U.S. rate cut! Oil holds its gains, adding to the thrill of the markets.

Top News

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Top News

Red Sea Boost: Oil Prices Rise as Traders Keep Watch

Oil prices tick higher as the energy market eagerly keeps tabs on Red Sea developments. Find out how this aquatic adventure impacts global crude oil prices.

International Business Times

Waning Influence Of OPEC+ In Spotlight As Prices Flag

Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies have struggled to boost flagging prices.

International Business Times UK

UK Petrol Prices Hit a Two-Year Low Amid Drivers Contending Fluctuating Prices and Economic Uncertainties

Declining demand, increased oil production from key oil-producing nations, and geopolitical factors contributed to the downward trend in UK petrol prices.

International Business Times

Volunteers, Aid Workers Rally To Help Guinea After Fuel Depot Fire

Foreign rescue and aid workers, along with the UN and volunteers, rallied Tuesday to help victims of the explosion and fire at Guinea's main oil depot on Monday that killed 18 people, injured 212 others and prompted concerns about fuel supplies.

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Top News

Maersk reroutes ships due to Houthi attacks, oil prices spike

Maersk's bold decision to reroute shipping away from the Red Sea due to Houthi attacks prompts an international coalition to secure the region and ensure s...

Barchart

Crude Closes Higher due to Oil Tanker Risks in the Red Sea

January WTI crude oil (CLF24 ) on Tuesday closed up +0.97 (+1.34%), and Jan RBOB gasoline (RBF24 ) closed up +4.18 (+1.94%). Crude oil and gasoline prices on Tuesday settled moderately higher but remained below Monday's 2-week highs. A weaker dollar on Tuesday was bullish for energy prices. Also, geopolitical...

Reason

D.C. Circuit Rejects Oil Company Attempt to Remove District's Climate Suit to Federal Court

Yet another federal circuit court of appeals rejects energy company removal claims.

Top News

Houthi attacks prompt international coalition; oil prices may be affected

Join the exciting journey as the U.S. leads a 10-country team to counter reckless Houthi rebel attacks. Discover how this international coalition tackles t...

The Independent UK

UK warship joins US-led international force to combat attacks on ships in Red Sea

Iranian-backed Houthi militants have vowed to continue their attacks on vessels

Barchart

Crude Prices Supported by Oil Tanker Risks in Red Sea

January WTI crude oil (CLF24 ) this morning is up +1.36 (+1.88%), and Jan RBOB gasoline (RBF24 ) is up +3.14 (+1.46%). Crude oil and gasoline prices this morning are moderately higher but remain below Monday's 2-week highs. A weaker dollar today is bullish for energy prices. Also, geopolitical risks...

The Guardian - UK

Root and branch reform: if carbon markets aren’t working, how do we save our forests?

The world has looked to offsetting schemes to protect forests, fund conservation and fight the climate crisis – but many fail to fulfil their promises. Here are five ways to keep our forests standing

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