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The Latest Breaking News from Oil

Hundreds protest in central London against Rosebank oilfield approval

Some 200 climate activists gathered outside the Department for Energy Security and Net Zero’s central London offices

Evening Standard

Godrej Agrovet breaks ground for integrated palm oil complex in Khammam

Telangana’s oil palm mission aims to bring 20 lakh acres under cultivation across the State.

The Hindu

5 economic shocks are about to hit the U.S. all at the same time: ‘There are storm clouds out there forming that we're all seeing and watching—fearfully’

Jerome Powell was asked if he shares the Fed staff’s view that the economy is headed for a soft landing last month. “No, I would not do that,” he said.

Fortune

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read the most diverse news in one place.

UAE's president-designate for UN COP28 offers full-throated defense of nation hosting climate talks

The Emirati president-designate for the upcoming United Nations COP28 climate conference has offered a full-throated defense of his nation hosting the talks

The Independent UK

Crude Settles Lower on Global Energy Demand Concerns

November WTI crude oil (CLX23 ) on Friday closed down -0.92 (-1.00%), and Nov RBOB gasoline (RBX23 ) closed down -6.67 (-2.70%). Nov WTI crude oil and gasoline prices Friday retreated, with gasoline tumbling to a 4-1/2 month low. Crude prices were under pressure after Friday’s weaker-than-expected global economic news...

Barchart

Dow Jones Reverses Lower On Government Shutdown Worries: Oil And Gas Stocks Slammed, But Nike, Walgreens Shine

The Dow Jones reversed sharply lower after trying to reclaim its 200-day line. The 10-year yield and U.S. dollar pared early losses.

Investors Business Daily

Biden calls for up to 3 offshore oil leases in Gulf of Mexico, upsetting both sides

The administration's proposal seeks to strike a balance between energy companies seeking greater oil and gas production and environmental activists who want Biden to shut down new offshore drilling.

WEKU

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Sold Out! 10 Items Fly Off Shelves Like Costco's Gold Bars

Costco can't seem to keep its gold bars in stock. But that's just one example of products and services S&P 500 companies can't keep in stock.

Investors Business Daily

Crude Prices Retreat on Global Energy Demand Concerns

November WTI crude oil (CLX23 ) this morning is down -0.65 (-0.71%), and Nov RBOB gasoline (RBX23 ) is down -5.51 (-2.23%). Nov WTI crude oil and gasoline prices this morning are moving lower, with gasoline tumbling to a 4-1/2 month low. Crude prices are under pressure after today’s weaker-than-expected...

Barchart

Activists stage Rosebank oilfield protest outside offices of Labour frontbench

Party urged to commit to revoking licence for site in North Sea and back comprehensive Green New Deal

The Guardian - UK

Stick With Chevron Stock - It Could Have Further to Rise

Chevron stock has risen with oil's move higher. It is also likely to report strong Q3 cash flow and a dividend hike soon. Shorting out-of-the-money put options for income looks attractive here.

Barchart

India’s pickle people: Decades-old culinary heirlooms, nostalgia

A self-proclaimed pickle enthusiast explores India’s familial pickle-making traditions, which stretch back generations.

Al Jazeera

Biden calls for up to three oil and gas lease sales in the Gulf of Mexico, disappointing all sides

President Joe Biden's administration has proposed up to three oil and gas lease sales in the Gulf of Mexico over the next five years but none in Alaska

The Independent UK

Inflation drops sharply in Europe. It offers a glimmer of hope, but higher oil prices loom

Inflation is down in Europe

The Independent UK

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The Guardian - UK

Fair Play to Boiling Point: the seven best films to watch on TV this week

An intense workplace romance that gets darker by the second, and the bravura restaurant drama starring Stephen Graham

The Independent UK

South Sudan’s leader discusses closer ties in energy, trade with Russian President Putin

Visiting South Sudan President Salva Kiir has agreed in a meeting with Russia’s president to expand their relationship in energy, trade and other areas, notably oil

WEKU

Fossil fuel rules catch Western towns between old economies and new green goals

The Biden administration is trying to dramatically change how and where oil and gas drilling occurs on federal land, which is getting mixed reviews in longtime drilling boom-towns.

StockNews.com

With Oil Soaring, My Under $10 Stock of the Week

The number of oil rigs in the U.S. and Canada has decreased by 170 over the past year. International oil suppliers are cutting output. This opens the door to small oil and gas exploration and development companies like Baytex Energy (BTE).

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news in one place.

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The Hindu

‘Our State Our Taste’ cooking competition comes to Vellore and Tiruvannamalai

Vellore & Tiruvannamalai host 5th week of "Our State Our Taste" Season 4. 25 cities across TN compete for grand prize of ₹1 lakh. Home chefs bring signature dishes made with Gold Winner oil. Regional winners receive products from Gold Winner & partners. The Hindu Group, Gold Winner, Butterfly, RKG…

Barchart

Weak U.S. Economic News Sparks Long Liquidation in Crude

November WTI crude oil (CLX23 ) on Thursday closed down -1.97 (-2.10%), and Nov RBOB gasoline (RBX23 ) closed down -8.39 (-3.29%). Nov WTI crude oil and gasoline prices on Thursday closed moderately lower, with crude prices falling back from a 13-month high. Thursday’s weaker-than-expected U.S. economic news on Q2...

Fortune

Deutsche Bank studied 34 past U.S. recessions to identify key warning signs and found that all 4 are flashing red right now

Based on a study of the U.S. economy since 1854, Deutsche Bank created “hit ratios” that show how often key macroeconomic triggers have caused recessions.

The Independent UK

Oil prices edge higher as global demand reignites inflation worries

Brent crude oil surpassed $97 per barrel on Thursday, edging toward the 100 dollar mark which was last hit more than a year ago

Investors Business Daily

Energy Stock Halliburton Rides Oil Wave Toward Buy Point

This oil services stock is nearing a 52-week high as crude oil prices also near their highest point in a year.

The Independent UK

Just Stop Oil protesters found guilty of aggravated trespass over Lord’s stunt

England player Jonny Bairstow carried Daniel Knorr off the pitch.

Barchart

Crude Prices Fall Back on Weaker-Than-Expected U.S. Economic News

November WTI crude oil (CLX23 ) this morning is down -0.60 (-0.64%), and Nov RBOB gasoline (RBX23 ) is down -0.307 (-1.20%). Nov WTI crude oil and gasoline prices this morning are moderately lower, with crude prices falling back from a 13-month high. Weaker-than-expected U.S. economic news today sparked energy...

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