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The Latest Breaking News from Oil

Earnings Preview: What to Expect From Marathon Oil’s Report

Marathon Oil is expected to release its second-quarter earnings next month, and analysts project a double-digit bottom-line growth.

Barchart

Panathenaic prize amphora: A pot brimming with olive oil awarded at the ancient Greek Olympics

Instead of a gold medal, victors at the ancient Greek Panathenaic Games received terra-cotta pots filled with Athenian olive oil from sacred trees.

LiveScience

Climate hero or villain? Fossil fuel frenzy challenges Norway’s green image

As it rapidly adopts clean technologies while drilling furiously for oil and gas, the Nordic nation is a paradox

The Guardian - UK

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Philippines plans to siphon off oil cargo from sunken tanker to avert 'environmental catastrophe'

The Philippine coast guard says there has been no indication that a big cargo of industrial fuel oil stored in a tanker that sank in stormy weather in Manila Bay has started to leak out

The Independent UK

Stocks Mostly Higher In Asia, U.S. Futures And Oil Rise

Asian markets mostly up, U.S. futures and oil rise. Mixed day on Wall Street with Big Tech losses. Positive economic data boosts hopes for smaller companies.

Top News

Philippine Coast Guard Races To Prevent Major Oil Spill

Tanker sinking in Manila Bay prompts environmental concerns and response efforts by Philippine coast guard.

Top News

Weather tracker: Typhoon Gaemi wreaks havoc in Philippines and Taiwan

Half a million people evacuated, 21 deaths confirmed so far and capsized tanker in Manila causes huge oil spill

The Guardian - UK

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Philippines To Deploy Floating Barriers To Contain Oil Spill

The Philippine Coast Guard planned Friday to deploy oil dispersant and floating barriers a day after a tanker carrying 1.4 million litres of industrial fuel sank off Manila.

International Business Times

Five Things To Know About Venezuela

Venezuela, the once-prosperous South American country now scarred by years of economic ruin and political repression, holds elections on July 28, with authoritarian President Nicolas Maduro seeking a third term.

International Business Times

Coterra Energy's Q2 2024 Earnings: What to Expect

Coterra Energy will unveil its Q2 earnings next month, and analysts project single-digit bottom-line growth.

Barchart

Diamondback Energy's Quarterly Earnings Preview: What You Need to Know

Diamondback Energy will unveil its Q2 earnings next month, and analysts project double-digit bottom-line growth.

Barchart

UN chief urges wealthy countries to beat fossil fuel ‘addiction’ amid expansions

Secretary general said wealthiest countries are ‘signing away our future’ with more production and called for phase-out of fossil fuels

The Guardian - US

Crude Oil Prices See Support from Positive US GDP Report

Sep WTI crude oil (CLU24 ) today is up +0.06 (+0.06%), and Sep RBOB gasoline (RBU24 ) is down -0.0093 (-0.38%). Crude oil prices are seeing support from today mildly stronger-than-expected US Q2 GDP report of +2.8% versus expectations of +2.0%. Oil prices are also seeing carry-over support from Wednesday's...

Barchart

Goldman Sachs Predicts Continued Growth In US Oil Production

Learn about the projected growth and challenges in the US oil production industry, driven by factors such as drilling efficiency, aging wells, and geopolit...

Top News

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Marie Claire

15 Ulta Hair Glosses That Dramatically Remove Summer Brassiness

High-shine finds.

The National (Scotland)

Coastguard issues statement on oil spill from sunken boat at fish farm

THE remaining fuel from a boat which was leaking oil after sinking at a fish farm has now been removed, the coastguard has confirmed ...

Evening Standard

Just Stop Oil activists guilty of criminal damage after Van Gogh's Sunflowers soup stunt at National Gallery

Anna Holland and Phoebe Plummer threw contents of two soup cans onto glass protecting priceless masterpiece

The Guardian - US

Canada is proposing to lead on climate – but it’s doubling down on oil

Despite climate-friendly plans, the government’s controversial decision to take over the pipeline made it one of world’s biggest promoters of fossil fuel projects

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Evening Standard

Typhoon Gaemi sinks ships off Taiwan and Philippines as it barrels towards China

Oil tanker in Philippines and freight ship off coast of Taiwan capsize amid typhoon’s heavy rains

Top News

Philippine Oil Tanker Sinks In Manila Bay

Oil tanker sinking in Manila Bay raises fears of oil spill amid monsoon rains. Efforts to contain spill ongoing.

The Independent UK

Philippine oil tanker sinks in Manila Bay, raising concerns about a possible major spill

A Philippine oil tanker has sunk in Manila Bay after encountering huge waves, and the coast guard is working to determine whether the vessel is leaking oil — in what could be a major spill — after it rescued 16 of 17 crew members in a nighttime operation

Evening Standard

Just Stop Oil tactics are 'disastrous' and bad for fight to save planet, says Net Zero Secretary Ed Miliband

He instead urged environmentalists to help to build a broader coalition for the battle against climate change

Al Jazeera

Philippines races to contain oil spill after tanker capsizes in Manila Bay

Fears grow of a large oil spill after tanker carrying 1.4 million litres of fuel capsizes off the coast of Manila.

International Business Times

Philippine Tanker Carrying 1.4 Mln Litres Of Oil Capsizes Off Manila

A Philippine-flagged tanker carrying 1.4 million litres of industrial fuel oil capsized and sank off Manila on Thursday, authorities said, as they raced to contain a spill.

France 24

Oil tanker capsizes off Manila, risks causing 'biggest spill' in Philippine history

Authorities in the Philippines were racing on Thursday to contain a spill from a tanker carrying 1.4 million litres of industrial fuel oil that capsized and sank earlier in the day. If all the oil in the tanker were to leak, coast guard spokesman Rear Admiral Armando Balilo warned at…

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