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The Latest Breaking News from Oil

Killers of the Flower Moon review – Scorsese’s masterly Native American true crime saga

A towering Robert De Niro, an against-type Leonardo DiCaprio and a magnetic Lily Gladstone shine in the director’s gripping account of a shocking episode in US history

The Guardian - UK

Thomasina Miers’ recipe for meatballs and tomato sauce with double corn parmesan polenta

Ricotta and sage meatballs with tomato and basil ragu, served with a cheesy sweetcorn polenta

The Guardian - UK

Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise prices

Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices

The Independent UK

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Crude Price Fall Back on Reports Israel to Delay a Ground Assault of Gaza

November WTI crude oil (CLX23 ) on Friday closed down -0.62 (-0.69%), and Nov RBOB gasoline (RBX23 ) closed up +1.19 (+0.50%). Nov WTI crude oil and gasoline prices Friday settled mixed. Crude prices Friday fell back from a 2-1/2 week high and posted moderate losses after Bloomberg reported that...

Barchart

As Colorado Races to Set New Rules for Climate-Friendly Industries, Its Plan Raises Concerns Over Dual Role of State Regulator

Coal is back, despite banks’ pledge to stop financing such projects.

Capital & Main

3 Energy Stocks Leading the Industry

Amid the volatile Middle East scenario, the oil market teeters on the precipice of price surges. Given this backdrop, it could be wise to invest in leading energy stocks Weatherford International (WFRD), Valero Energy (VLO), and Cheniere Energy (LNG) at present. Read more….

StockNews.com

Crude Extends Gains on Geopolitical Risks in the Middle East

November WTI crude oil (CLX23 ) this morning is up +0.78 (+0.87%), and Nov RBOB gasoline (RBX23 ) is up +2.59 (+1.10%). Nov WTI crude oil and gasoline prices this morning extended this week's rally and posted 2-week highs. A weaker dollar today is supporting energy prices. Also, a ratcheting...

Barchart

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Is the VIX Still Too Low?

On October 20, 2023, the VIX index was below 20. While the VIX has risen from below 13 since September 2023, the volatility measure could be far too low considering the issues facing the U.S. stock market and markets across all asset classes.

Barchart

Why oil prices are rising amid the Israel-Hamas war

To date oil and gas flows from the Middle East remain fairly unaffected – but there are concerns about escalation

The Guardian - UK

Inflation: raising interest rates was never the right medicine – here's why central bankers did it anyway

Inflation remains too high in the UK. The annual rate of consumer price inflation to September was 6.7%, the same as a month earlier. This is well below the 11.1% peak reached in October 2022, but the failure of inflation to keep falling indicates it is proving far more stubborn…

The Conversation

Energy Analyst Questions U.S. Department Of Energy’s Move To Purchase Oil For Strategic Petroleum Reserve

Analyst raises concerns over bid solicitation for oil purchases while prices remain high.

Zenger

3 Energy Stock Picks for Steady Long-Term Momentum

The energy sector’s outlook looks bright amid rising oil prices fueled by constrained supplies and robust demand for crude oil and natural gas worldwide. Thus, Exxon Mobil (XOM), Shell (SHEL), and Imperial Petroleum (IMPP), with solid long-term momentum, could be ideal stock picks now. Keep reading….

StockNews.com

How the Israel-Hamas war could affect the world economy and worsen global trade tensions

Global geopolitical tensions often play a pivotal role in shaping people’s perceptions of economic growth. Research shows concern about such issues can cause people and businesses to become more cautious about spending and investing, which can ultimately lead to economic recession.

The Conversation

California allowing dangerous oil wells

An idle well fee program is masking vast cleanup costs while harming residents and the climate

Salon

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Chicago Sun-Times

In Israel-Hamas war, there’s growing talk of a potential impact on oil prices

Human life and destruction are top concerns. But a possible rise in oil prices could affect world economics and politics, especially the re-election prospects of President Joe Biden.

Evening Standard

Shell cuts hundreds of contractors amid 'ruthless' shake-up by new CEO

Wael Sawan has laid out plans for a 'ruthless focus on performance, discipline and simplification'

The Times of India

Israel-Hamas conflict: How high could oil prices go in worst-case war scenario?

War in the Middle East could cause the oil price to surge to $140 a barrel and bring the world to the brink of a recession, according to Ana Boata, head of economic research at Allianz Trade.

The Guardian - UK

Scorsese’s Killers of the Flower Moon describes the struggles of the Osage people. Here’s why they are still fighting

Hundreds of Native Americans were murdered for their oil in the 1920s. But they’re still battling the US government for what is theirs, says journalist and film-maker Greg Palast

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The Guardian - US

Migrant workers toil in perilous heat to prepare for Cop28 climate talks in UAE

Report highlights evidence of workers from Africa and Asia labouring in 42C heat in Dubai to build conference facilities

The Independent UK

Brooklyn Beckham responds to ‘haters’ mocking his cooking videos

Aspiring chef has been mocked for his kitchen antics, from dubious Sunday roasts to his liberal use of avocado oil

Salon

The UK attempts to further regulate CBD

"Now, the FSA and Food Standards Scotland have reduced this limit to 10mg — roughly four drops of 5% CBD oil"

The Hindu

In Kannauj, hope in a bottle

Kannauj's Bara Bazaar is bustling with people, vehicles, and buffaloes. Its century-old perfumeries house attar, a GI-tagged distilled extract of flowers and herbs in sandalwood oil. This September, PM Modi gifted G-20 dignitaries two fragrances from Kannauj. Munna Lal Sons & Co. is the first to brand the traditional product…

Barchart

Crude Rises as Middle Eastern Geopolitical Risks Outweigh Venezuelan Oil Exports

November WTI crude oil (CLX23 ) on Thursday closed up +1.05 (+1.19%), and Nov RBOB gasoline (RBX23 ) closed up +0.82 (+0.35%). Nov WTI crude oil and gasoline prices on Thursday settled moderately higher, with gasoline posting a 2-week high. A weaker dollar Thursday was supportive of energy prices. Crude...

Salon

AI might help detect spoiled food

"Fortunately, both nature and the food industry have an excellent shield against rancidity — antioxidants"

The Hindu

Steps in place to check price rise during festival season: Centre

Centre says it has taken measures to keep prices of essential items stable during festival season: export duty on parboiled rice till March 2024, offloading 50 lakh tonnes wheat, NAFED, NCCF, Kendriya Bhandar selling atta at ₹27.50/kg, edible oil prices expected to remain stable

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