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The Latest Breaking News from Oil

California lawmakers approve Newsom's oil bill. Here's what you need to know

California lawmakers on Monday approved Gov. Gavin Newsom's legislation to increase transparency in the oil industry, in the final hours of a special session he called last year to penalize excessive profits.

Los Angeles Times

California lawmakers OK potential fines for high gas prices

California lawmakers have approved the nation's first penalty for price gouging at the pump

The Independent UK

PTT seeks partners for future energy deals

National oil and gas conglomerate PTT Plc is negotiating with more than five companies to form joint ventures, mergers or acquire assets under a plan to further develop new businesses, notably those related to future energy.

Bangkok Post

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Opportunity for prosperous offshore energy sector ‘hangs in balance’

Industry body's latest report criticises high taxes and political uncertainty

Insider UK

Opportunity for prosperous offshore energy sector ‘hangs in balance’ – report

Offshore Energies UK has published its Business Outlook report.

The Independent UK

Replenish with WOW three-in-one formula

Suntory Wellness debuts its first skincare product with a wow. A patented technology, WOW stands for Water-in-Oil in-Water.

Bangkok Post

Crude Oil Surges as Bank Turmoil Eases

May WTI crude oil (CLK23 ) on Monday closed up +3.55 (+5.13%), and May RBOB gasoline (RBJ23 ) closed up +10.03 (+3.93%). Crude oil and gasoline prices Monday rallied sharply, with crude posting a 1-1/2 week high and gasoline posting a 2-week high. A weaker dollar (DXY00 ) Monday was...

Barchart

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House GOP’s energy bill hitting the floor amid market volatility

WASHINGTON — House Republicans are pitching legislation queued up for a floor vote this week as a salve to high gasoline and electric costs, though it remains hazy how quickly and aggressively the measure would lower prices.

Tribune News Service

Newry Canal oil spill source must be found, councillor says

"The waters will need to be tested and a clean up operation done immediately."

Belfast Live

Thousands of pounds of “forever chemicals” have been injected into Texas oil and gas wells, study finds

A new report from a public health watchdog found that more than 40,000 pounds of PFAS has been injected into more than 1,000 wells across Texas — and warned that the chemicals could pose a risk to public health

The Texas Tribune

Calls for answers over Poole harbour oil spill as cleanup continues

Extinction Rebellion leads protest and council leader expresses anger over damage done to protected site

The Guardian - UK

‘I tend to avoid moral statements’: the Mexican artist looking at oil, wealth and history

At her New York exhibition, Minerva Cuevas looks back through Mexican history and the many companies who have chosen profit over the public good

The Guardian - US

1 Incredible Stock Investors Forgot About

Despite a challenging macroeconomic environment and geopolitical turmoil, Alliance Resource Partners (ARLP) delivered strong fourth-quarter results and remains well-positioned for resilient growth in the foreseeable future. Therefore, this lesser-known stock could be a wise addition to the portfolio now. Read on….

StockNews.com

Crude Gains Sees Support from Easing Bank Turmoil

May WTI crude oil (CLK23 ) this morning is up +1.60 (+2.31%), and May RBOB gasoline (RBJ23 ) is up +3.88 (+1.52%). April Nymex natural gas (NGJ23 ) is down -0.115 (-5.19%). Crude oil and gasoline prices this morning are moderately higher. A weaker dollar this morning is bullish for...

Barchart

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Tribune News Service

Renewable energy saves money, creates jobs and cuts emissions. Why is Texas targeting it?

Texas easily leads the nation in oil and gas production, and the Lone Star State is also a top player in renewable energy.

StockNews.com

3 Skyrocketing Energy Stocks to Buy, 2 to Sell

Despite rising recessionary fears, strong global energy demand and constrained supplies should drive the energy sector’s growth this year. Hence, fundamentally sound energy stocks Marathon Petroleum (MPC), PrimeEnergy Resources (PNRG), and Epsilon Energy (EPSN) could be ideal investments. On the contrary, avoiding struggling energy stocks Camber Energy (CEI) and NextDecade…

The Guardian - UK

The billionaire amateur racing driver who runs the Poole oil leak pipeline

François Perrodo and his family-owned oil drilling company operate 3,000 sites around the world

The Guardian - UK

Poole harbour oil spill has potential to cause substantive damage

Area supports an abundance of species, from rare and endangered birds to seagrass meadows

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The National (Scotland)

Scotland's business community reacts to Humza Yousaf win

Scotland's business community has reacted to the news that Humza Yousaf has won the SNP leadership election...

The Independent UK

Saudi Aramco to invest billions in Chinese petrochemicals

Saudi Arabia’s state-owned oil giant Aramco will invest billions of dollars in China’s downstream petrochemicals industry, including in the construction of a new refinery

Birmingham Post

Gas company Perenco to investigate Poole Harbour oil leak

Approximately 200 barrels of reservoir fluid - consisting of 85% water and 15% oil - were released after the leak occurred at the UK’s largest onshore oil field in Dorset

The Independent UK

Sicilian swordfish cooks gently in rustic tomato-caper sauce

One of southern Italy’s emblematic summertime dishes is swordfish plucked from local waters and cooked in a rustic tomato sauce

The Conversation

As longterm partnership with US fades, Saudi Arabia seeks to diversify its diplomacy – and recent deals with China, Iran and Russia fit this strategy

The fact that Saudi Arabia entered a rapprochement deal with Iran and chose China to broker it came as a surprise to many international observers.

Daily Mirror

Poole oil spill: Aerial pictures show scale of devastation as black mass fills river

Pictures show the devastation at an important local wildlife spot following a oil spill in Poole, with one local politician saying he was 'angry and disappointed' at the potential damage

Roll Call

House GOP’s energy bill hitting the floor amid market volatility - Roll Call

House Republicans are pitching a bill this this week as a way to reduce energy costs, but it’s unclear how quickly it might lower prices.

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