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The Latest Breaking News from Oil

Oil company Phillips 66 says it will shut down Los Angeles-area refinery

Oil company Phillips 66 has announced it plans to shut down a Los Angeles-area refinery that produces about 8% pf the state's crude oil

The Independent UK

Crude Closes Lower as Middle East Oil Supply Concerns Ease

Nov WTI crude oil (CLX24 ) Wednesday closed down -0.19 (-0.27%), and Nov RBOB gasoline (RBX24 ) closed up +0.26 (+0.13%). Crude oil and gasoline prices Wednesday settled mixed, with crude falling to a fresh 2-week low. Wednesday's rally in the dollar index (DXY00 ) to a 2-1/4 month high...

Barchart

Visionary Marc DeValera: A Story of a Miraculous Discovery Turning into a Respiratory Treatment Revolution

Passionate about returning Big Pharma's power to the people, Marc DeValera, founder of MLFD-MedTech Inc., developed 3 essential oils using a Mesh Nebulizer, an all-natural alternative to respiratory treatments.

International Business Times

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3 European Stocks to Buy as the Region Recovers

Recent data reveals that the eurozone economy has narrowly skirted a recession, showing lukewarm yet positive growth. With the EU and euro area expected to grow steadily over the next two years, investing in quality stocks like Novo Nordisk (NVO), SAP SE (SAP), and Shell plc (SHEL) could be beneficial.…

StockNews.com

Million Dollar Homes With Oil Wells as Neighbors

As a planned community near the Rockies rises, so do concerns over a fracking operation that would stretch under the homes.

Capital & Main

Crude Prices Pressured as Concerns Ease About Middle East Crude Supplies

Nov WTI crude oil (CLX24 ) today is down -0.75 (-1.06%), and Nov RBOB gasoline (RBX24 ) is down -1.67 (-0.82%). Crude oil and gasoline prices today are moderately lower, with crude falling to a fresh 2-week low. Today's rally in the dollar index (DXY00 ) to a 2-1/4 month...

Barchart

Summertime and the lemon is squeezy: Alice Zaslavsky’s surf club salad with iceberg, tomatoes and citrus

The cookbook author’s recipe showcases ultra-crisp lettuce and sweet citrus acidity. Plus a spring combo with peas and broad beans, and a salad with blueberries and blue cheese

The Guardian - AU

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US Navy veteran faces years in Dubai prison for travelling with his prescription medication

Charles Wimberly could receive a three year sentence for packing ibuprofen and CBD oil

The Independent UK

Lula and Petro have the chance of a lifetime to save the Amazon. Can they unite idealism and realpolitik to pull it off?

The South American leaders are in the spotlight as they prepare to host this week’s Cop16 biodiversity summit, November’s G20 meeting and next year’s Cop30 climate summit

The Guardian - UK

Somalia and Turkey are becoming firm allies – what’s behind this strategy

Turkey has ramped up its partnership with Somalia in recent months. It is helping Somalia defend its waters, and has signed a deal to explore for oil and gas off the east African nation’s coast.

The Conversation

Mysterious balls have washed up on Sydney beaches. What are tar balls – and what’s the risk?

While preliminary testing reveals a hydrocarbon-based pollutant, experts say the event is very unusual

The Guardian - AU

Fossil fuels could become cheaper and more abundant, says IEA

International Energy Agency says transition to clean energy means there will be a surplus of oil, gas and coal

The Guardian - UK

Stock market today: Asian shares track Wall St decline, as selling hits tech companies

Shares are mostly lower in Asia after U.S. stocks pulled back from their records

The Independent UK

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says

An increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market, according to a new report by the International Energy Agency

The Independent UK

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The Conversation

Mysterious black balls have washed up on Sydney’s Coogee beach. Are they the result of an oil spill, or something else?

International Business Times

Asian Markets Track Wall Street Losses On Worries Over Tech Rally

Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fuelled by worries about the sustainability of the AI rally, while oil prices clawed back some of the previous two days' hefty losses.

Fortune

Wall Street retreats from records as tech stocks drop

China shares fell as investors digested much weaker-than-expected export data released late Monday. Japan's market jumped as its semiconductor firms followed Nvidia upward.

Investors Business Daily

Dow Jones Futures Rise; Nvidia Lifts Techs Even As ASML Extends Sell-Off

The major indexes fell Tuesday as ASML crashed, slamming chips. ASML kept sliding before the open, but Nvidia and other AI chip leaders rose slightly after holding near buy points.

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Barchart

Stocks Retreat as Chip Makers and Energy Producers Plunge

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down by -0.76%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.75%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -1.37%. Stocks on Tuesday settled moderately lower. Chip stocks sold off Tuesday...

The Guardian - AU

Mystery debris that closed two Sydney beaches confirmed to be thousands of ‘tar balls’

Coogee and Gordons Bay beachgoers had been warned not to touch the material. ‘Tar balls’ form from oil spills or seepage at sea

The Guardian - AU

Rio Tinto praised for ‘breaking ranks’ to back revamp of environment laws – as it happened

This blog is now closed

Barchart

Crude Prices Sharply Lower as Israel May Not Strike Iranian Oil Sites

Nov WTI crude oil (CLX24 ) Tuesday closed down -3.25 (-4.40%), and Nov RBOB gasoline (RBX24 ) closed down -7.09 (-3.36%). Crude oil and gasoline prices Tuesday sold off sharply, with crude falling to a 2-week low and gasoline sliding to a 1-1/2 week low. Crude prices tumbled Tuesday on...

Barchart

Energy in Q3- Where are Prices Heading in Q4 and Beyond?

The energy sector of the commodities market was the worst-performing sector in Q3, posting a double-digit percentage decline. Seasonality and other factors pushed most traditional energy prices lower, with some exceptions.

The National (Scotland)

IDF-linked firm to receive millions from Rosebank oil field in North Sea

NEW analysis has shown that a fossil fuel firm with links to an Israeli company supplying fuel to the IDF is set to make millions from the…

The Guardian - UK

Carbon capture plan is a colossal waste of money

Letters: The government’s carbon capture scheme is an expensive distraction, argues Dr Richard Carter, while Kate Macintosh and Edric Brown call for a more far-sighted solution to curb emissions

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