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The Latest Breaking News from Oil

Politicians now talk of climate ‘pragmatism’ to delay action – new study

Conservative leader Kemi Badenoch has described her plan to “maximise extraction” of the UK’s oil and gas from the North Sea as a “common sense” energy policy.

The Conversation

Guyana’s president wins another term in election watched keenly by Venezuela and US

Irfaan Ali, the leader of the People’s Progressive party (PPP), says he has secured a second term as Guyana’s president. The official results from the election on September 1 are yet to be published, but Ali claims his party has won by a “remarkable margin”.

The Conversation

Crude Oil Prices Fall as Weekly EIA Crude Inventories Unexpectedly Build

October WTI crude oil (CLV25 ) today is down -0.54 (-0.84%), and October RBOB gasoline (RBV25 ) is down -0.0020 (-0.10%). Crude oil and gasoline prices today are mixed, with crude falling to a 2-week low. Crude prices today added to Wednesday's losses on concerns of a global oil supply...

Barchart

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Why Trump’s fight with India could have global repercussions

Donald Trump’s tariff policy seems to have morphed into as much of a tool of foreign policy as an economic strategy. But the administration’s decision to impose a 50% tariff on India, a key US ally as part of the Quad (Quadrilateral Security Dialogue) along with the US, Australia and…

The Conversation

“You Put It Up There”: 88 Times Patients Tried To Fool Doctors With Ridiculous Lies

In many places of the world, the Covid-19 pandemic has reshaped the way people view health care. In the United States, for example, a nationwide survey led by Northeastern University found that public trust in physicians and hospitals plummeted, going from 71.5% in April 2020 to an abysmal 40.1% in…

Bored Panda

Woman Goes To GM Dealership For An Oil Change. She Leaves In A Chevy Equinox EV

EV analysts call it “moment conversion”: when someone who wasn’t planning to buy an electric vehicle becomes a new adopter after a firsthand experience.

InsideEVs

Ukraine knocks out Russian refineries as Russia kills dozens in Kyiv

Ukraine has cut Russia’s refining capacity by a fifth, in a bid to starve it of energy and revenue from exports.

Al Jazeera

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You can be exposed to PFAS through food, water, even swimming in lakes – new maps show how risk from ‘forever chemicals’ varies

Since the 1940s, companies have been using PFAS – perfluoroalkyl and polyfluoroalkyl substances – to make products easier to use, from Teflon nonstick pots to waterproof rain gear, stain-resistant carpet and firefighting foam.

The Conversation

The seven things every driver should do with their car ahead of winter

From checking oil levels to electronics, it’s important to maintain your vehicle during winter

The Independent UK

Taiwan accuses China of breaching international law over drilling

Island’s government demands halt to Chinese oil and gas operations in its exclusive economic zone

The Guardian - UK

UK court freezes £150m of assets of collapsed Prax Lindsey oil refinery owner

Newly published filings reveal granting of request by companies suing Sanjeev Kumar for breach of duties

The Guardian - UK

China accused of drilling for oil and gas inside Taiwan’s exclusive economic zone

China was reportedly building oil and gas rigs inside Taiwan’s exclusive economic zone, in what analysts claimed was part of a campaign to slowly chip away at the island’s defences and expand Beijing’s control of disputed waters.

The Independent UK

Guyana’s president claims victory in election held amid newfound oil riches

Irfaan Ali will be tasked with turning the profits of Guyana’s 2019 oil boom into prosperity for its citizens

The Guardian - AU

Guyana's President Irfaan Ali: Oil Industry 'Puppet' Or Visionary?

Irfaan Ali, in office since 2020, is the first Guyanese leader to benefit from the South American country's massive oil reserves, which he leveraged to claim a second presidential term.

International Business Times

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International Business Times

Guyanese President Irfaan Ali Claims Election Victory

Guyana's President Irfaan Ali claimed reelection Wednesday to a second term, tasked with turning the South American nation's newfound oil riches into prosperity while navigating tensions with neighbor Venezuela.

Barchart

Cotton Bulls Hold onto Gains on Wednesday

Cotton futures posted stronger trade on Wednesday, with contracts up 10 to 16 points. The outside markets were mixed, as the US dollar index was down $0.252 on the day to $98.095 and crude oil futures $1.80 lower. The weekly NASS Crop Progress report showed cotton condition ratings down 3%...

Barchart

Crude Oil Prices Sharply Lower as OPEC+ Considers a Crude Production Increase

October WTI crude oil (CLV25 ) on Wednesday closed down -1.62 (-2.47%), and October RBOB gasoline (RBV25 ) closed down -0.0308 (-1.51%). Crude oil and gasoline prices retreated on Wednesday due to concerns of a global oil supply glut following a report from Reuters that OPEC+ is considering an increase...

Barchart

Cotton Holding Higher on Wednesday

Cotton futures are trading steady to 11 points higher, with October thin and up 76 points. The US dollar index is up $0.367 on the day to $97.980, with crude oil futures $1.69 lower. The weekly NASS Crop Progress report showed 90% of the US cotton crop setting bolls as...

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Barchart

Soybean Weakness Continues on Wednesday

Soybeans are trading with another round of losses at midday, with contracts 8 to 9 cents lower. There were 586 deliveries issued against September beans. The cmdtyView national average Cash Bean price is down 8 3/4 cents at $9.55 1/4. Soymeal futures are down within 60 cents of unchanged at...

Benzinga

Crude Oil Falls Over 2%; Campbell's Earnings Top Estimates

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 150 points on Wednesday.

The Independent UK

Study: There is less room to store carbon dioxide, driver of climate change, than previously thought

A new study says the world has far fewer places to securely store carbon dioxide deep underground than previously thought, steeply lowering its potential to help stem global warming

Barchart

Crude Oil Prices Tumble as OPEC+ May Boost Crude Production

October WTI crude oil (CLV25 ) today is down -1.75 (-2.67%), and October RBOB gasoline (RBV25 ) is down -0.0301 (-1.47%). Crude oil and gasoline prices are falling sharply today on concerns of a global oil supply glut following a report from Reuters that OPEC+ is considering an increase in...

Radio France Internationale

Shell says it will not restart construction of Netherlands biofuels plant

British-Dutch oil giant Shell announced Wednesday it has abandoned construction of one of Europe's largest biofuel plants in the Netherlands, as it focuses on its fossil fuels business.

International Business Times

U.S. Sanctions Iraqi-Led Network Smuggling Iranian Oil Worth $300M

The U.S. Treasury sanctioned Iraqi businessman Waleed al-Samarra'i and his companies for smuggling Iranian oil disguised as Iraqi crude, a $300M operation funding Tehran's regime.

Euronews

Fact check: debunking viral claims about Spanish olive oil

Several viral online claims are suggesting that Spanish olive oil is being secretly mixed with Moroccan oil. Others say that the government is preparing to recall olive oil products from the market due to overproduction. One of these claims is false - and the other, only partially true.

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