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The Latest Breaking News from Oil

Rough week for Alberta's ruling UCP casts shadow ahead of May election

As Canada's main oil-producing province Alberta prepares for an election next month, its combative Premier Danielle Smith is facing a series of controversies and resignations that could undermine support for her ruling United Conservative Party (UCP), political analysts say.

Reuters

Iraq, KRG reach deal to resume oil exports: Kurdish official

Turkey had stopped extracting oil from the Kurdish region to its Ceyhan port after Iraq won an arbitration case.

Al Jazeera

New Squishy 3D-Printing Method Could Make Brain Surgery Safer

Many neurosurgeons practice each surgery before they get into the operating room based on models of what they know about the patient’s brain.

Inverse

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S&P Revises Oman’s Outlook to ‘Positive’

S&P Global Ratings has revised Oman’s outlook to positive and affirmed its ratings at 'BB', in light of improving fiscal performance. S&P said in its credit rating report on the Sultanate issued Saturday, that the revised outlook came as a result of the reform measures undertaken by the government in…

Asharq Al-Awsat

Baghdad and KRG Close to Deal to Resume Iraq’s Northern Oil Exports

Iraq's federal government and the Kurdistan Regional Government (KRG) are close to striking a deal aimed at resuming northern oil exports, four sources familiar with the discussions told Reuters on Saturday. Türkiye stopped pipeline flows from the Kirkuk fields in northern Iraq's semi-autonomous Kurdistan region to its port of Ceyhan…

Asharq Al-Awsat

New oilfield in the North Sea would blow the UK’s carbon budget

Campaigners say Rosebank, with a potential yield of 500m barrels, would seriously undermine legal commitment to net zero

The Guardian - UK

Harvard professor’s fossil fuel links under scrutiny over climate grant

Colleagues and students query role of Jody Freeman, who won prestigious research grant despite sitting on ConocoPhillips board

The Guardian - US

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Commercial LPG cylinder prices slashed by Rs 91.50 in National Capital

Petroleum and oil marketing companies reduced the price of Commercial LPG cylinders by Rs 91.50 per unit with immediate effect from Saturday. Read further on Dynamite News:

Dynamite News

Fiery derailments renew Americans' focus on railroad safety

Americans are focusing more on railroad safety after two recent fiery derailments in Ohio last month and in Minnesota this week

The Independent UK

Tighter Global Oil Supplies and Chinese Economic Strength Boosts Crude Prices

May WTI crude oil (CLK23 ) on Friday closed up +1.30 (+1.75%), and May RBOB gasoline (RBJ23 ) closed up +4.32 (+1.64%). Crude oil and gasoline prices Friday posted moderate gains, with crude climbing to a 2-1/2 week high. Tighter global crude supplies are underpinning prices as 400,000 bpd of...

Barchart

Just Stop Oil protesters from Greater Manchester spared jail after 'reckless' British Grand Prix track invasion

Louis McKechnie and Joshua Smith were among five campaigners who were dragged off the circuit at Silverstone as two Formula One cars passed close by

Manchester Evening News

Scot amongst protestors spared jail over ‘reckless’ Grand Prix track invasion

The group from Just Stop Oil climate change protesters avoided prison after invading a track at Silverstone risking “serious harm” to Formula One drivers and marshals.

Daily Record

Just Stop Oil protesters in court over Silverstone track invasion

Just Stop Oil climate change protesters have been before Northampton Crown Court after a track invasion at last year’s British Grand Prix

Wales Online

2 Stocks Running out of Steam

The risk of an economic downturn is rising due to high inflation, bank failures, and interest rate hikes. Moreover, as oil and gas companies face volatile costs and uncertainties around labor and material supply, avoiding fundamentally weak stocks, Delek Logistics (DKL) and Calumet Specialty Products (CLMT) could be a wise…

StockNews.com

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The Independent UK

Just Stop Oil protesters spared jail over ‘reckless’ Silverstone track invasion

High Court judge Mr Justice Garnham said the actions of the activists posed a risk of serious injury or even death.

Barchart

Crude Prices Gain on Strength in China's Economy and Reduced Iraqi Exports

May WTI crude oil (CLK23 ) this morning is up +0.79 (+1.06%), and May RBOB gasoline (RBJ23 ) is up +3.74 (+1.42%). May Nymex natural gas (NGK23 ) is up +0.100 (+4.75%). Crude oil and gasoline prices this morning are moderately higher. Crude prices have support on reduced global oil...

Barchart

Buffett's Slow Acquisition of Occidental Petroleum Continues

On Monday Berkshire Hathaway filed with the SEC it had purchased more shares in Occidental Petroleum. It now has about 23.6% of the oil and gas company. What does he see in the company?

StockNews.com

3 Affordable Energy Stocks Under $10 to Invest in Before It's Too Late

Despite the current macroeconomic volatilities, growing demand for oil and its tightened supply could favor the energy sector. Against this backdrop, affordable energy stocks W&T Offshore (WTI), Berry Corporation (BRY), and Obsidian Energy (OBE), trading under $10, might be wise picks for investors now. Read on….

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The National (Scotland)

Climate activists message to Scottish Parliament: 'We'll see you next time'

The group has disrupted FMQs on eight occasions since January 12

The Week

La Sultana Marrakech review: an oasis of calm in the heart of the Kasbah

The Kasbah district of Marrakech, like many other parts of the former imperial city, positively hums with energy. Taxis weave and wind through narrow streets, market sellers tirelessly hawk their trinkets, and pot after pot after pot of sweet mint tea is brewed and shared between friends.

Wales Online

James Strawbridge's Easter recipes with a twist

There's an idea for left-over ht cross bun and something different to do with lamb

The Guardian - UK

‘Take back control’? With this Pacific trade deal, Brexit Britain has just signed it away

Goodbye, food standards. Hello, corporate lobbyists. Why are we doing this, asks Nick Dearden of Global Justice Now

Radio France Internationale

'Petrodollar' at risk as TotalEnergies sells LNG to China in yuan

Chinese and French energy companies this week finalised the first-ever deal on liquified natural gas (LNG) in China settled in the renminbi yuan currency. The trade, involving 65,000 tons of LNG imported from the United Arab Emirates, marks a major step in Beijing's attempts to undermine the US dollar as…

Insider UK

UK Government refuses to commit to blocking Rosebank field

Meanwhile, the First Minister hit out at Westminster over its latest carbon capture and storage plans

Los Angeles Times

George Skelton: Newsom learned with oil bill: Working with lawmakers is key to passing laws

SACRAMENTO, Calif. — Gov. Gavin Newsom did something new — for him. He got aggressively engaged behind the scenes, negotiating with legislators. And it paid off.

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