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The Latest Breaking News from Oil

Biden delays plans to restock nation’s emergency oil reserve

The Biden administration is delaying plans to restock the nation’s emergency oil reserve amid a price hike that has pushed oil above $80 a barrel

The Independent UK

Crude Prices Retreat on Risk-Off Sentiment

September WTI crude oil (CLU23 ) on Wednesday closed down -1.88 (-2.31%), and Sep RBOB gasoline (RBU23 ) closed down -9.72 (-3.38%). Crude oil and gasoline prices Wednesday closed sharply lower. Crude prices fell back from a 3-1/2 month high and retreated after a plunge in stocks sparked risk-off sentiment...

Barchart

Sunak's family firm signed $1.5B deal with BP before oil and gas license announcement

JUST two months before Rishi Sunak opened hundreds of new licences for oil and gas extraction in the North Sea, an IT firm founded by his…

The National (Scotland)

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All the evidence against the UK’s plans to expand oil and gas drilling

The UK will extract as much oil and gas from the North Sea as possible, Prime Minister Rishi Sunak said on Monday as he announced more than 100 new drilling licenses. Only a few days earlier, United Nations chief António Guterres declared that record heat and extreme weather signalled a…

The Conversation

Science shows the severe climate consequences of new fossil fuel extraction

The world has just suffered through its warmest month ever recorded. Heatwaves have swept across southern Europe, the US and China, breaking many temperature records in the process.

The Conversation

Crude Prices Sink with Stocks on Risk-Off Sentiment in Asset Markets

September WTI crude oil (CLU23 ) this morning is down -1.76 (-2.16%), and Sep RBOB gasoline (RBU23 ) is down -8.31 (-2.89%). Crude oil and gasoline prices this morning are moderately lower. Crude prices fell back from a 3-1/2 month high and turned lower after a stock sell-off sparked a...

Barchart

Snake Oil: release date, host and everything we know about the show

In the brand new game show Snake Oil, David Spade asks contestants if a product is real or if it is fake. Here is everything you need to know about the show.

WhatToWatch

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IIT Madras to offer PG course on applied petroleum engineering

IIT Madras’ Digital Skills Academy is offering a web-enabled postgraduate advanced certification course in applied petroleum engineering and hydrogen energy. The Institute is partnering with Zemblance Hydrocarbons and experts from Oil and Natural Gas Corporation, IndianOil, GAIL (India) and Chennai Petroleum Corporation Ltd. to provide practical insights. The hybrid programme…

The Hindu

3 Oil Stocks With Strong Momentum

Amidst diminishing crude oil inventory and robust demand, oil prices are rising. Hence, fundamentally strong oil stocks BP p.l.c (BP), Petróleo Brasileiro (PBR), and Sasol (SSL), which have gained steady momentum, might be ideal buys to capitalize on industry tailwinds. Keep reading.

StockNews.com

Oil drilling threatens the Okavango River Basin, putting water in Namibia and Botswana at risk

The Namibian and Botswana governments may be risking their water resources for oil and gas revenue. They have licensed a Canadian firm, ReconAfrica, to prospect for oil in the Cubango Okavango River Basin, in an area covering 34,000km².

The Conversation

Dow Jones Slides 225 Points On U.S. Debt Downgrade, Strong Jobs Data

The Dow Jones Industrial Average slid 225 points Wednesday after Fitch downgraded the U.S.'s debt rating. ADP's jobs data was strong. AMD stock sold off on earnings.

Investors Business Daily

These Signs Point To SLB Stock Fueling A Breakout

As oil and gas services peers Haliburton and Baker Hughes show strength, SLB stock fuels signs of a breakout.

Investors Business Daily

Does the UK need more North Sea oil and gas?

Rishi Sunak’s announcement that he will allow more drilling in the North Sea has led to new questions over the future of UK energy policy.

The Week

Rishi Sunak clashes with UN chief as row over new oil drilling grows

The PM took a swipe at “eco zealots” as he tried to make his drilling expansion case in the face of a wave of criticism

Evening Standard

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The Texas Tribune

How an internship program hopes to end “brain drain” in Texas’ Permian Basin and other rural regions

This is the third year businesses in the Permian Basin — known for high school football and oil fields — have participated in the University of Texas at Austin program. Students this year say they are seeing their hometowns in a new way.

The Guardian - UK

Energy bosses at No 10 summit warn investor confidence is waning

Chiefs say UK’s troubled economy and political uncertainty is dampening enthusiasm for clean energy rollout

The Guardian - UK

Rishi Sunak blames striking workers as he signals he could fail in two key pledges – as it happened

Prime minister criticised by NHS worker after blaming staff for long waiting lists

The National (Scotland)

Nicola Sturgeon: Rishi Sunak 'deeply unserious' about tackling climate change

NICOLA Sturgeon has said that Rishi Sunak is “deeply unserious” about tackling climate change after the PM announced he would grant 100 new…

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news in one place.

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The Independent UK

Low and slow: Braised beef short ribs in peanut and coconut milk

This recipe mashes classic braised beef short ribs with West African flavours, says Prudence Wade

The Independent UK

How to make cassava chips

A staple in Sierra Leonean households, these cassava chips are a luxurious mix of West African ingredients and European flavours, says Prudence Wade

The Independent UK

Grant Shapps convenes summit with energy giants in Downing Street

The Energy Security Secretary will meet companies who collectively have multi-billion pound plans to invest in low and zero-carbon projects.

USAFacts

How much oil is produced in the US?

Since 2018, the US has been the largest producer of crude oil in the world.

Barchart

Crude Prices Close Lower on a Risk-Off Tone in Asset Markets

September WTI crude oil (CLU23 ) on Tuesday closed down -0.43 (-0.53%), and Sep RBOB gasoline (RBU23 ) closed down -2.25 (-0.78%). Crude oil and gasoline prices Tuesday settled moderately lower. Tuesday's rally in the dollar index to a 3-week high weighed on energy prices. Also, Tuesday's slide in stock...

The National (Scotland)

Tories dubbed 'political wing of fossil fuel industry' after lobbying revelations

THE Tories have been branded the “political wing of the fossil fuel industry” after an analysis found that ministers met with energy firms 53…

The Hindu

Core comfort: on the policy environment

Policymakers have their task cut out to ensure the policy environment remains supportive especially when global demand remains uncertain

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