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The Latest Breaking News from Oil

Hawaii closes last coal-fired power plant as ban begins

The last bits of ash and greenhouse gases from Hawaii’s only remaining coal-fired power plant slipped into the environment this week when the state’s dirtiest source of electricity burned its final pieces of fuel

The Independent UK

Carbon capture is not a solution to net zero emissions plans, report says

The technology, put forward as part of the UK’s net zero strategy, could extend the life of fossil fuel infrastructure

The Guardian - UK

Another Tanker Briefly Blocks Egypt's Suez Canal

An oil tanker briefly became stuck in Egypt's Suez Canal on Wednesday night, officials announced, raising fears that last year's major blockage of the global maritime route could be repeated. The Affinity V "ran aground in the Suez Canal at 19:15" (17:15 GMT)", a security source told AFP, adding that…

Asharq Al-Awsat

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California lawmakers OK buffer zones between new oil wells and homes, schools

SACRAMENTO, Calif. — After years of failed attempts to impose health and safety buffer zones around new oil and gas wells in California, state lawmakers on Wednesday sent a bill to the governor that would require setbacks between those production sites and residential neighborhoods and other sensitive areas.

Los Angeles Times

Hawaii to close its only coal power plant in a step toward renewable energy

Lawmakers approved legislation in 2020 banning coal for electricity production by the end of this year

The Guardian - US

Another ship got stuck in the Suez Canal. But the Affinity V blockage was short-lived compared to the Ever Given saga

The Suez Canal Authority says two tug boats were able to refloat the oil tanker, with a rudder malfunction causing the 252-metre vessel to become wedged in the lane.

ABC News

Oil tanker runs aground in Suez Canal sparking major recovery effort on key trade route

A major recovery effort was put in place to free a 64,000-tonne oil tanker that ran aground on the Suez Canal sparking fears that there could be a repeat of the Ever Given disaster for shipping

Daily Mirror

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Exhibition examines the problems with power

A series of exquisite oil paintings that touch on problems in politics, international relations and human relationships will be exhibited during "Manifest Destiny" at Number 1 Gallery, Silom 21, from Saturday to Sept 24.

Bangkok Post

Boris Johnson to make energy price crisis announcement today: PM to vow UK will have 'cheap, clean, reliable and plentiful' energy

'The big decisions this Government has made on our energy future will bequeath a United Kingdom where energy is... made right here on British soil'

Wales Online

Yellen warns of failure to agree on Russia oil price cap

Treasury Secretary Janet Yellen is warning that a failure to place a price cap on Russian oil would hurt the global economy

The Independent UK

What you should know about eating grey seal meat and products from the Gulf of St. Lawrence

There is growing interest in the commercialization of grey seal (Halichoerus grypus) products from the Gulf of St. Lawrence. While seal fur has been sold and blubber processed into oil for a long time, few markets exist for seal meat and organs. However, over the past ten years, small businesses…

The Conversation

Letters: If the container terminal is sunk, what's next for Port of Newcastle?

Newcastle Herald readers have their say

Newcastle Herald

These 4 Energy Stocks Are Rising As Russia Cuts Off German Gas Supply

The United States Oil ETF (NYSE: USO) dropped 1% but the Energy Select Sector SPDR Fund (NYSE: XLE) gained 0.5% on Wednesday as investors digest mixed data on the strength of the global economy and the outlook for energy dema

Benzinga

Angola's MPLA has been in power for nearly 50 years. The big challenges they must fix

Angolan president João Lourenço, who has been returned to power with a greatly reduced majority, faces the challenging task of turning around the economy and improving the living conditions of the majority, particularly young people.

The Conversation

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Benzinga

Dow Drops 100 Points; US Crude Oil Inventories Decline Higher-Than-Expected Last Week

U.S. stocks traded lower midway through trading, with the Dow Jones dropping around 100 points on Wednesday

The Guardian - UK

Global fossil fuel subsidies almost doubled in 2021, analysis finds

Support amid huge industry profits is a ‘roadblock’ to tackling climate crisis, says International Energy Agency

Salon

The chemicals destroying human health

Plastic-coated agricultural chemicals have been around since the 1960s

The Conversation

How Russia is using gas as a political tool to win support for the Ukraine war

Russia is using its dominance of the European oil and gas market, where it accounts for 40% of EU gas consumption, to attempt to reduce support for Ukraine.

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Irish Mirror

Russian submarine and destroyer in dramatic Irish Sea chase as Defence Forces 'monitor' situation

An oil tanker ship for the Russian navy has drawn the attention of security experts who track Russian naval activity after it was spotted off the Cork coast. The Irish Defence Forces say they are 'monitoring the situation'.

Benzinga

Nasdaq Rises 80 Points; Crude Oil Moves Lower

U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining around 80 points on Wednesday

The Hindu

Durand Cup | Kerala Blasters defeats Army Green 2-0 to reach quarters

Muhammad Aimen and Aritra Das scored as Kerala Blasters defeated Army Green to reach the quarterfinals of the 131st Indian Oil Durand Cup tournament

Benzinga

Smith Micro Software And 3 Other Stocks Under $3 Insiders Are Aggressively Buying

US crude oil futures traded lower this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

Birmingham Post

Prax Group enhances liquidity position as refinery welcomes carbon capture scheme success

Significant additional headroom to counter high prices and support future growth

Benzinga

US Futures Mixed But Suggest Optimism For Tech Stocks: Key Events To Watch For Today

Trading in the major U.S. index futures points to a lackluster start by Wall Street on Wednesday but tech-heavy Nasdaq 100 futures are clocking significant gains.

Benzinga

US Stock Futures Mostly Lower Ahead Of Fed Speakers; Crude Oil Drops Over 2%

Pre-open movers U.S. stock futures traded mostly lower in early pre-market trade after recording losses for a third straight session on Tuesday. The Dow Jones tumbled more than 300 points, while the Nasdaq Composite dropped over 1.1% in the previous session.

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