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The Latest Breaking News from Oil

Venezuela Slams 'Extremist' Trump, Says Sanctions Against Country Will Actually Harm US

Venezuela condemned Trump's reinstated oil sanctions, warning the move is "inflicting harm on the United States, its population, and its companies."

Latin Times

Trump Announces Reversal Of Oil Agreement With Venezuela

President Trump reverses Biden's concessions with Venezuela over electoral concerns and repatriation issues.

Top News

Trump cuts financial lifeline for Venezuela's government by ending permit to export oil to US

A permit issued by the United States government allowing energy giant Chevron Corp. to pump and export Venezuelan oil will be terminated this week

The Independent UK

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Trump Revokes Venezuela Oil Licenses, Claims 'Regime' Is Not Taking Back 'Violent Criminals' At The 'Rapid Pace They Agreed To'

Trump announced he is reversing Biden-era oil concessions to Venezuela, citing Maduro's failure to meet electoral promises and deport migrants.

Latin Times

Should You Buy, Sell, or Hold Occidental Petroleum Stock After Its 9% Dividend Hike?

Following a 9% dividend hike, Occidental Petroleum’s stock is under scrutiny.

Barchart

Crude Prices Weighed Down by Economic Concerns

April WTI crude oil (CLJ25 ) Wednesday closed down -0.31 (-0.45%), and April RBOB gasoline (RBJ25 ) closed down -0.0232 (-1.05%). Crude oil prices Wednesday settled moderately lower, with crude falling to a 2-1/4 month low and gasoline sliding to a 2-month low. Economic concerns weighed on crude prices Wednesday...

Barchart

Have a Kia With a Bad Engine? Kia Might Replace It for Free

Kia has a problem with the 2.0-liter engine used in some Soul and Seltos models: some could have potential engine damage that could lead to a failure or a fire. As a result, 137,256 vehicles have been recalled.

Motor1

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Dirtier BP is still miles away from resetting its share price

Fossil fuel giant’s strategic U-turn may be far-reaching but even after ditching climate goals the shares fell

The Guardian - UK

Alberta’s oil and gas wells threaten people’s health, but there are disparities in who is most at risk

Around 13 per cent of Albertans live within 1.5 kilometres of an active oil or gas well. Given the link between oil and gas production and ill health, this leaves a significant proportion of the province’s population at risk.

The Conversation

Why has BP pulled the plug on its green ambitions?

Oil firm abandons plan to become net zero energy company as its CEO claims strategy went ‘too far, too fast’

The Guardian - UK

How to pick an easy-to-clean non-toxic cutting board – to keep harmful microplastics away from your food

There's more research than ever that microplastics harm human health and the planet

Homes & Gardens

After a month of Trump's pro-oil and gas moves, Dems target his energy emergency

President Donald Trump pledged a U-turn away from the Biden administration's commitment to fighting climate change and promoting clean energy

The Independent UK

Crude Prices Recover after Weekly EIA Inventories Unexpectedly Decline

April WTI crude oil (CLJ25 ) today is up +0.06 (+0.09%), and April RBOB gasoline (RBJ25 ) is down -0.0192 (-0.87%). Crude oil prices today are mixed, with gasoline falling to a 2-month low. Economic concerns are weighing on crude prices today after US Jan new home sales fell more...

Barchart

Labour must turn 'warm words' on climate crisis into 'real action', warn Greens

THE Labour Government has been urged to turn “warm words” into greater action on the climate emergency by the Scottish Greens after a report…

The National (Scotland)

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Evening Standard

BP slashes green energy spending and turns back towards fossil fuels

The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.

Fortune

How BP went from eco poster child to possible takeover target

“In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its strategy.

Barchart

Little-Followed National Fuel Gas Hits 56th 52-Week High. Is It Too Late to Buy?

Western New York-based oil and gas company National Fuel Gas hit its 56th 52-week high on Tuesday. Up 52% in the past 12 months, FOMO appears to be building. Is it too late to jump on the bandwagon?

The Independent UK

Transition to renewables taking longer than thought, senior BP figure tells MPs

Louise Kingham said ‘clarity’ from the UK Government is needed to unlock investment in the North Sea as she reaffirmed BP’s commitment to net zero.

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The Independent UK

BP to slash spending on net zero ventures as it focuses on oil and gas again

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production

The Independent UK

11 best heat protection sprays to keep hair healthy, strong and glossy

Prep your strands with one of our favourite finds to shield them from damage

Evening Standard

BP slashes net-zero spending by nearly £4bn in renewed oil and gas focus

The fossil fuels giant said it would increase oil and gas investment by about 20% to £7.9 billion a year as part of a major strategy update.

The Guardian - UK

BP blames ‘misplaced’ faith in green transition for its renewed focus on fossil fuels

CEO Murray Auchincloss says ‘fundamental reset’ will mean cut of more than £4bn to low-carbon investment plan

Evening Standard

BP takes the axe to investment in green energy in "shocking" strategy U-turn

Rethink comes five years after BP set ambitious targets to cut production of oil and gas by 40% by 2030

Evening Standard

BP expected to roll back green energy pledges to boost profit

The oil giant was criticised by environmental groups amid forecasts that it will roll back pledges made five years ago in a bid to boost profit.

The Independent UK

BP signs $25bn deal to redevelop Iraq’s oil and gasfields as it slashes investments in renewable energy

BP previously committed to cut oil and gas production by 40 per cent by 2030

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