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The Latest Breaking News from Oil

Unemployment, PMI and Other Can't Miss Items This Week

Last week the market finished green again with the S&P 500 finishing up almost 1%. This makes it the 8th consecutive week with the SPY finishing higher than it opened.

Barchart

Royal Navy warship sent to Guyana as tensions rise

Guyana is in a bitter dispute with Venezuela over a vast border region rich in oil and minerals.

Evening Standard

Israeli forces head deeper into Gaza in pursuit of 'total victory', Netanyahu says

Israeli forces are going deeper into the Gaza Strip, Prime Minister Binyamin Netanyahu said in a video statement on Sunday, adding that they will fight on until achieving "total victory" over Hamas. A US warship downed four drones over the Red Sea, the Pentagon said earlier in the day. Read…

France 24

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Tanker with Indian crew hit by drone in Red Sea

Indian crew on Gabon-flagged M/V Sai Baba attacked by one-way drone in Red Sea, no injuries reported.

The Hindu

KSINC to launch two barges on January 1

KSINC launches two barges to increase waterway transport of bulk cargo, including an oil tanker barge and an acid barge.

The Hindu

KSDL ties up with 670 farmers for commercial cultivation in 3,586 acres

The State-run Karnataka Soaps and Detergents Ltd. (KSDL), which is facing a shortage of sandalwood oil essential for its flagship brand “Mysore Sandal” soap, has tied up with 670 farmers for commercial cultivation of 3,586 acres, largely in dry regions of north Karnataka, including Dharwad, Haveri, Gadag, to reduce its…

The Hindu

The scent of Mysore Sandal to come all the way from Down Under

With a sharp reduction in production of sandalwood oil from 4,068.28 kg in 2020-21 to 719 kg in the first six months of the current fiscal year (2023-24), the State-run Karnataka Soaps and Detergents Ltd. (KSDL) is all set to import 90% of its requirement of sandalwood oil (7,000 kg) from…

The Hindu

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Fishermen of 8 villages stage protest seeking inclusion of two more villages affected by oil spill for relief

Fishermen of 8 villages near Ennore protest for relief & new boats after oil spill damages livelihoods.

The Hindu

Heat pumps are hot property in Europe. Does Britain have cold feet?

In France, they outsold fossil fuel boilers last year, with rapid progress in Poland, Germany, Italy and the Nordic countries. In the UK, muddled policy is blamed for a slow rate of installation

The Guardian - UK

Stalin orders ₹8.68 crore relief to 9,000 families affected in Ennore oil spill

Tamil Nadu CM orders ₹8.68 crore relief to 9,001 families affected by oil spill in Ennore.

The Hindu

Toad in the hole with onion gravy

Our toad in the hole with onion gravy is a hearty family meal cooked in 45 minutes.

GoodToKnow

Crude Oil Closes Lower as Focus Remains on OPEC and Red Sea Attacks

February WTI crude oil (CLG24 ) closed down -0.33 (-0.45%), and Feb RBOB gasoline (RBG24 ) closed down -2.84 (-1.32%). Crude oil prices saw continued downward pressure from Wednesday's bearish EIA report and Thursday's news that Angola dropped out of the OPEC cartel. However, crude oil prices saw support this...

Barchart

Seas Shun Red Route: Oil Tankers Seek Alternative Path

Ahoy there! Discover a sea change in global shipping as more vessels chart a new course, bypassing the Red Sea, in search of oil transport alternatives in ...

Top News

Tension in Red Sea Spurs 1% Oil Gain, Extending Weekly Rise

Global-Oil: Riding the waves of tension in the Red Sea, oil prices continue to rise, gaining 1% this week, keeping investors on the edge of their seats.

AAP

Gas, oil ban for remote ecosystem, years after promise

The Queensland government has banned new oil and gas developments in the Lake Eyre basin's rivers and floodplains, almost a decade after an election promise.

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