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The Latest Breaking News from Oil

Germany Races To Secure Stricken 'Russian Shadow Fleet' Oil Tanker

Germany was racing Saturday to secure a heavily loaded tanker stranded off its northern coast, towing the stricken ship it said was part of Russia's sanctions-busting "shadow fleet" away from shore to avert an oil spill.

International Business Times

Ukraine war briefing: Zelenskyy hails ‘significant blow’ of US-UK sanctions on Russian oil and gas revenues

Ukrainian president says the less Moscow earns from oil, ‘the sooner peace will be restored’; Kyiv claims attack on Russian military facility. What we know on day 1,053

The Guardian - AU

US to return $52.8 million in seized assets linked to Nigeria's former oil minister

The United States will return $52.88 million in seized assets to Nigeria as part of a yearslong corruption probe against former Nigerian oil minister Diezani Alison-Madueke and associates

The Independent UK

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Crude Finishes Sharply Higher as the US Expands Sanctions on Russian Oil

February WTI crude oil (CLG25 ) Friday closed up +2.65 (+3.58%), and February RBOB gasoline (RBG25 ) closed up +0.0466 (+2.30%). Crude and gasoline prices Friday settled sharply higher, with crude posting a 3-month high and gasoline posting a 2-3/4 month high. Crude rallied Friday after the US ratcheted up...

Barchart

Sugar Prices Rebound as Crude Oil Rallies

March NY world sugar #11 (SBH25 ) Friday closed up +0.12 (+0.63%), and March London ICE white sugar #5 (SWH25 ) closed up +1.90 (+0.38%). Sugar prices Friday posted moderate gains. Short covering emerged in sugar futures Friday after WTI crude oil prices (CLG25 ) jumped more than +3% to...

Barchart

Germany calls a Russian oil tanker adrift in the Baltic Sea a threat to security

An oil tanker believed to be part of Russia’s efforts to evade international sanctions went adrift and had to be towed ashore by a German tugboat

The Independent UK

3 Undervalued Energy Stocks With Huge Upside Potential

The energy sector offers value due to rising global demand, focus on energy security, market growth, regulatory support, technological advancements, and increasing oil and gas prices. Therefore, in this dynamic backdrop, it may be wise to consider undervalued energy stocks: Schlumberger (SLB), VAALCO Energy (EGY), and Obsidian Energy (OBE), which…

StockNews.com

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US targets Russia’s oil sector with ‘sweeping’ sanctions

Ukrainian President Zelenskyy says he is confident sanctions will ‘significantly reduce Russia’s petrodollar income’.

Al Jazeera

Sugar Prices Modestly Higher on Strength in Crude Oil

March NY world sugar #11 (SBH25 ) today is up +0.11 (+0.58%), and March London ICE white sugar #5 (SWH25 ) is up +0.70 (+0.14%). Sugar prices today are mildly higher. Short covering emerged in sugar futures today after WTI crude oil prices (CLG25 ) jumped more than +3% to...

Barchart

Shadow fleet of tankers keeps Russia's oil money flowing despite Western sanctions

The Group of Seven democracies have sought to crimp Russia’s oil export earnings that help fund the war against Ukraine

The Independent UK

Crude Rallies as the US Expands Sanctions on Russian Oil

February WTI crude oil (CLG25 ) today is up +1.92 (+2.60%), and February RBOB gasoline (RBG25 ) is up +0.0344 (+1.70%). Crude and gasoline prices today are sharply higher, with crude posting a 3-month high and gasoline posting a 2-3/4 month high. Crude is rallying today after the US ratcheted...

Barchart

UK and US sanction two Russian oil firms

The latest sanctions come after Prime Minister Sir Keir Starmer discussed the Ukraine conflict with French President Emmanuel Macron over dinner.

Evening Standard

US, UK Unveil Widespread Sanctions Against Russia's Energy Sector

The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, just days before outgoing President Joe Biden leaves office.

International Business Times

US and UK will target Russia’s energy sector with new sanctions as Biden prepares to leave office

Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation

The Independent UK

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Barchart

This Penny Oil Stock Keeps Tearing Higher. Is It a Buy, Sell, or Hold for 2025?

Rallying 72% in the new year to date, can this penny oil stock sustain its momentum?

The Independent UK

In their own words: AP photographers explain how selected images capture warming world

Around the globe, Associated Press photographers in 2024 documented what scientists on Friday said was the hottest year on record, the latest in a long string of heat milestones that have been shattered in recent years as the burning of gas, coal and oil accelerate global warming.

International Business Times

New Oil Spill Detected In Black Sea From Stricken Russian Tanker

Fresh oil started pouring from a stricken Russian tanker in the Black Sea on Friday, said officials in Moscow, as Ukraine warned of "terrible environmental consequences" from the spill.

The Independent UK

Fracking ‘plausible’ trigger for swarm of earthquakes near Gatwick

Hundreds of people reported the tremors that took place over two years in villages in Surrey and Sussex

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Top News

Oil Tanker Salvaged After Houthi Attack In Red Sea

Successful salvage operation of Sounion oil tanker in Red Sea after Houthi attack. Prevented potential environmental disaster.

The Guardian - UK

Houseplant clinic: how do I rid my plants of tiny flies?

Got a niggling houseplant query? In her new column, our expert will offer advice on everything from root rot to leaf drop. This week, how to treat and prevent the pesky fungus gnats that thrive in moist soil

The Independent UK

Tanker hit by Houthi rebels that threatened a Red Sea oil spill has been salvaged

An oil tanker that burned for weeks in the Red Sea and threatened a massive oil spill has been “successfully” salvaged

The Independent UK

Middle East latest: Body recovered in Gaza confirmed to be 23-year-old Hamzah AlZayadni

Israel’s army has confirmed that one of the bodies recovered from Gaza earlier this week was that of 23-year-old hostage Hamzah AlZayadni

The Independent UK

Estonia steps up patrols in the icy Baltic Sea in a show of force after suspected cable sabotage

Estonian naval ships are taking part in stepped-up patrols in the Baltic Sea by NATO countries after undersea power and communications cables have been damaged in recent months

Player One

'Stardew Valley' Item Guide: How To Get Truffle Oil

This Stardew Valley guide helps players learn how to get Truffle Oil that can be sold for a high price.

Reason

Meet Pierre Poilievre, the Front-Runner To Be Canada's Next Prime Minister

He says he wants to "stop growing the money supply and start growing the stuff money buys."

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