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The Latest Breaking News from Oil

Where is the Energy Sector Heading in Q3 and Beyond?

After falling 21.85% in 2023, the energy sector of the commodities market posted its second consecutive quarterly gain in Q2 2024. While natural gas and ethanol led the sector higher in Q2, all energy commodities posted gains over the first six months of 2024 except for Rotterdam coal.

Barchart

Crude Erases Early Gains as the Dollar Strengthens and Stocks Slip

August WTI crude oil (CLQ24 ) today is down -0.17 (-0.21%), and Aug RBOB gasoline (RBQ24 ) is down -0.43 (-0.17%). Crude oil and gasoline prices today gave up an early advance and turned lower. A stronger dollar today is negative for energy prices. Crude prices turned lower after stocks...

Barchart

Just Stop Oil founder jailed for record five years over M25 motorway protest

Sentences for five demonstrators exceed those given to Dartford Crossing climate activists last year

The Independent UK

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Just Stop Oil founder Roger Hallam handed longest-ever jail sentence for peaceful protest over M25 chaos

Roger Hallam handed five-year sentence while four others are jailed for four years

Evening Standard

Five Just Stop Oil activists receive record sentences for planning to block M25

Campaigners receive longest ever sentences for non-violent protest after being convicted of conspiracy to cause public nuisance

The Guardian - UK

US oil company ran 1977 article predicting climate crisis could cause starvation

Marathon Petroleum predecessor warned of potential for ‘social and economic calamities’ in decades-old publication

The Guardian - US

Securing future of Grangemouth oil refinery ‘will test Scottish and UK relations’

Just Transition Commission says finding solution will be litmus test of governments’ ability to work together

The Guardian - UK

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Oil Tanker Capsizes Off Oman Coast, Crew Rescued

Oil tanker capsizes off Oman coast, prompting search and rescue operation for crew members. International cooperation in response to maritime emergencies h...

Top News

Ivory Coast Tilts Economy From Farming To Natural Resources

The discovery of huge deposits of natural resources including oil, gas and gold in the Ivory Coast is pushing the country's economy in a new direction as it explores its underground potential.

International Business Times

Methane emissions are the low-hanging fruit of the climate transition

Methane is well known for coming from ruminants digestive system. What is less known is its important role in current climate change and what we could do to drastically reduce our emissions.

The Conversation

French recipes to bring a bit of joie de vivre to your summer

If you love Boursin, you’re going to love these summery recipes from French chef Manon Lagrève

The Independent UK

US judge suspends Alaska Cook Inlet lease, pending additional environmental review

A federal judge has suspended the lease stemming from a 2022 oil and gas sale in Alaska’s Cook Inlet basin after finding problems with the environmental review it was based on

The Independent UK

Crude Rallies on Dollar Weakness and Tighter US Oil Supplies

August WTI crude oil (CLQ24 ) on Wednesday closed up +2.09 (+2.59%), and Aug RBOB gasoline (RBQ24 ) closed up +2.38 (+0.96%). Crude oil and gasoline prices Wednesday settled moderately higher. Wednesday's slump in the dollar index (DXY00 ) to a 3-3/4 month low is bullish for energy prices. Gains...

Barchart

New Mexico Has Some of the Nation’s Toughest Oil and Gas Regulations. Enforcing Them Is Another Matter.

With the EPA hamstrung by the Supreme Court and shaky state funding, New Mexico could face a future with reduced protections.

Capital & Main

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Barchart

Crude Jumps on a Weaker Dollar and a Plunge in EIA Inventories

August WTI crude oil (CLQ24 ) today is up +1.73 (+2.14%), and Aug RBOB gasoline (RBQ24 ) is up +1.37 (+0.55%). Crude oil and gasoline prices today are moderately higher. Today's slump in the dollar index (DXY00 ) to a 3-3/4 month low is bullish for energy prices. Gains in...

The Guardian - US

Shell quietly backs away from pledge to increase ‘advanced recycling’ of plastics

Energy giant promised to turn 1m tonnes of plastic waste into oil each year, but now says goal is unfeasible

The Conversation

Some say a shot of olive oil can prevent a hangover – here’s what the science says

The search for alcohol hangover cures is as old as alcohol itself. Many cures and remedies are sold, but scientific evidence for their effectiveness is lacking.

The Guardian - UK

How to make the perfect pan bagnat – recipe

Is this the ultimate sandwich? If so, you’ve just found the definitive version …

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Evening Standard

King's Speech: Keir Starmer attacks 'snake oil charm of populism' as he outlines bid for growth

New Prime Minister uses his first King’s Speech to vow ‘security, opportunity, prosperity and justice for every person’

The Guardian - UK

Labour promises to counter ‘snake oil charm of populism’ in packed king’s speech

Speech to set out 40 bills, from planning and infrastructure to employment rights

International Business Times

Climate Change Risk Stirs Oil Market

From forest fires to hurricanes and other natural disasters: climate change risk is increasingly influencing oil prices, just as the world is struggling to shift away from high-polluting fossil fuels.

Barchart

Crude Closes Lower on Dollar Strength and Increased Russian Oil Exports

August WTI crude oil (CLQ24 ) on Tuesday closed down -1.15 (-1.40%), and Aug RBOB gasoline (RBQ24 ) closed down -1.41 (-0.57%). Crude oil and gasoline prices Tuesday posted moderate losses, with crude sliding to a 3-week low and gasoline falling to a 4-week low. A stronger dollar Tuesday weighed...

WhatToWatch

The Young and the Restless spoilers: Victoria, Adam and Nick working together spells trouble for Victor?

The Young and the Restless’ Victoria and Adam fall in line with Victor’s request and return to old stomping grounds. But could this spell trouble for Victor?

Barchart

Crude Prices Fall on Dollar Strength and Increased Russian Oil Exports

August WTI crude oil (CLQ24 ) today is down -0.79 (-0.96%), and Aug RBOB gasoline (RBQ24 ) is down -1.72 (-0.69%). Crude oil and gasoline prices today are moderately lower, with crude sliding to a 3-week low and gasoline falling to a 4-week low. A stronger dollar today is weighing...

The Guardian - UK

Cumbria project will be ‘net zero’, coalmine firm tells high court

Company insists project should go ahead despite new government saying it had been unlawfully approved

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