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The Latest Breaking News from Oil

Grangemouth worker rescue package worth £100m unveiled by SNP and Labour

A £100 million rescue package has been announced in a bid to save workers facing the scrap heap because of the closure of Scotland’s last oil…

The National (Scotland)

Grangemouth oil refinery to close by end of June, putting 500 jobs at risk

Owners confirm site will become fuel import terminal and distribution hub, in blow to Scotland’s industrial base

The Guardian - UK

John Swinney issues statement following news of Grangemouth's closure

JOHN Swinney has issued a statement following the news that Scotland’s last oil refinery will shut next summer...

The National (Scotland)

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Big oil faces a rising number of climate-focused lawsuits, report finds

Communities, states and advocacy groups push to hold fossil fuel companies accountable for role in climate crisis

The Guardian - US

Scotland's last oil refinery to close by next summer as bosses warn of job losses

SCOTLAND’S last oil refinery will shut next summer, its owners have confirmed as they warned four-fifths of the workforce face losing their jobs.

The National (Scotland)

Spain’s olive oil producers are turning to stones for fuel

The country has been hit by skyrocketing electricity bills

The Independent UK

Out of 1,500 global climate policies, only 63 have really worked. That’s where green spin has got us

Grand schemes, many backed by governments, masquerade as positive action on the environment. They should be disowned, says Guardian columnist George Monbiot

The Guardian - UK

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$What to know about fracking, false claims and other climate issues mentioned during the debate$

What to know about fracking, false claims and other climate issues mentioned during the debate

When asked about climate change in the presidential debate, Vice President Kamala Harris said, “young people of America care deeply about this issue,” and then pointed out that that the U.S. has increased domestic production of oil to historic highs

The Independent UK

Fracking explained: why the fossil fuel extraction process became a US election issue

Harris reiterates she won’t ban fracking if elected as Trump runs ads stating the opposite in tight Pennsylvania race

The Guardian - US

Crude Finishes Higher on Smaller EIA Inventories and Hurricane Francine

Oct WTI crude oil (CLV24 ) Wednesday closed up +1.56 (+2.37%), and Oct RBOB gasoline (RBV24 ) closed up +2.72 (+1.45%). Crude oil and gasoline prices Wednesday settled sharply higher. Crude found support Wednesday from a smaller-than-expected build in weekly EIA crude inventories. Also, Hurricane Francine made landfall on Wednesday...

Barchart

Sugar Posts Moderate Gains as Crude Oil Climbs

October NY world sugar #11 (SBV24 ) Wednesday closed up +0.26 (+1.41%), and Oct London ICE white sugar #5 (SWV24 ) closed up +10.50 (+2.02%). Sugar prices Wednesday posted moderate gains. Wednesday's rally of more than +2% in crude oil prices (CLV24) sparked short covering in sugar futures. Sugar prices...

Barchart

Sugar Prices Recover with Crude Oil

October NY world sugar #11 (SBV24 ) today is up +0.15 (+0.81%), and Oct London ICE white sugar #5 (SWV24 ) is up +7.80 (+1.50%). Sugar prices today are moderately higher. Today's rally of more than +2% in crude oil prices (CLV24) has sparked short covering in sugar futures. On...

Barchart

$Climate experts lament Harris’s vow to keep fracking in debate with ‘walking oil spill’ Trump$

Climate experts lament Harris’s vow to keep fracking in debate with ‘walking oil spill’ Trump

Harris has a progressive record on climate but indicated a shift, probably to assuage voters in swing states

The Guardian - US

Is Mielle Really Causing Severe Hair Loss?

Dermatologists weigh in on the controversy.

Marie Claire

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The Conversation

There are 13 million women ‘missing’ in Gulf states – here’s why it is holding their economies back

When you think of modern, oil-rich Gulf states like Saudi Arabia, Qatar and the United Arab Emirates (UAE), you may picture a life of luxury. But beneath the shots of towering skyscrapers and splendid grand malls, there is a concerning reality: women are frequently missing from the economic picture.

International Business Times

A Quarter Of Gulf Oil And Gas Production Offline Ahead Of Hurricane Francine

Workers have been evacuated from 130 oil and gas production platforms

Barchart

Crude Gains as Weekly EIA Inventories Climb Less Than Expected

Oct WTI crude oil (CLV24 ) today is up +1.11 (+1.69%), and Oct RBOB gasoline (RBV24 ) is up +1.22 (+0.65%). Crude oil and gasoline prices today are moderately higher. Crude found support today from a smaller-than-expected build in weekly EIA crude inventories. Also, Hurricane Francine is expected to make...

International Business Times

Nigeria's Dangote Refinery Caught Between Promise And Reality

When will gasoline from Nigerian tycoon Aliko Dangote's mega-refinery finally flood the home market?

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The Walrus

The Carbon Tax Is Good for Canadians. Why Axe It?

Pierre Poilievre’s sloganeering is based on a false premise. But the Liberals fumbled a smart policy

The Guardian - UK

UK imposes sanctions on 10 ships in crackdown on Russia’s shadow oil fleet

Tankers believed to be at heart of illicit operation transporting gas and oil to fund Moscow’s war effort

AAP

Australian shares dip as banks fall, miners gain

The ASX200 finished 0.3 per cent lower amid tumbling oil prices, double-digit gains for lithium companies and a US presidential debate.

Barchart

Tech Stocks Lead Broader Market Higher and Offset Bank and Energy Weakness

The S&P 500 Index ($SPX ) (SPY ) on Tuesday rose by +0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell by -0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose by +0.84%. The broader stock indexes closed higher on Tuesday as tech stocks eventually led...

Barchart

Crude Closes Sharply Lower on Global Energy Demand Concerns

Oct WTI crude oil (CLV24 ) Tuesday closed down -2.96 (-4.31%), and Oct RBOB gasoline (RBV24 ) closed down -5.04 (-2.62%). Crude oil and gasoline prices Tuesday sold off sharply, with crude falling to a 16-month nearest-futures low and gasoline dropping to a 3-1/2 year low. A stronger dollar on...

Barchart

Sugar Prices Finish Lower on Weakness in Crude Oil

October NY world sugar #11 (SBV24 ) Tuesday closed down -0.36 (-1.91%), and Oct London ICE white sugar #5 (SWV24 ) closed down -7.70 (-1.46%). Sugar prices Tuesday extended Monday's decline to 2-week lows. Tuesday's -4% selloff in WTI crude oil (CLV24 ) to a 16-month low weighed on sugar...

The Independent UK

How Trump set the Biden administration up for an economic disaster with a bargain made in 2020

When Biden took office in 2021, he faced the prospect of responding to a number of Trump’s decisions made during his chaotic final year in office — including one important one made about oil

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