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The Latest Breaking News from Oil

Maersk reroutes ships due to Houthi attacks, oil prices spike

Maersk's bold decision to reroute shipping away from the Red Sea due to Houthi attacks prompts an international coalition to secure the region and ensure s...

Top News

Crude Closes Higher due to Oil Tanker Risks in the Red Sea

January WTI crude oil (CLF24 ) on Tuesday closed up +0.97 (+1.34%), and Jan RBOB gasoline (RBF24 ) closed up +4.18 (+1.94%). Crude oil and gasoline prices on Tuesday settled moderately higher but remained below Monday's 2-week highs. A weaker dollar on Tuesday was bullish for energy prices. Also, geopolitical...

Barchart

D.C. Circuit Rejects Oil Company Attempt to Remove District's Climate Suit to Federal Court

Yet another federal circuit court of appeals rejects energy company removal claims.

Reason

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Houthi attacks prompt international coalition; oil prices may be affected

Join the exciting journey as the U.S. leads a 10-country team to counter reckless Houthi rebel attacks. Discover how this international coalition tackles t...

Top News

UK warship joins US-led international force to combat attacks on ships in Red Sea

Iranian-backed Houthi militants have vowed to continue their attacks on vessels

The Independent UK

Crude Prices Supported by Oil Tanker Risks in Red Sea

January WTI crude oil (CLF24 ) this morning is up +1.36 (+1.88%), and Jan RBOB gasoline (RBF24 ) is up +3.14 (+1.46%). Crude oil and gasoline prices this morning are moderately higher but remain below Monday's 2-week highs. A weaker dollar today is bullish for energy prices. Also, geopolitical risks...

Barchart

Root and branch reform: if carbon markets aren’t working, how do we save our forests?

The world has looked to offsetting schemes to protect forests, fund conservation and fight the climate crisis – but many fail to fulfil their promises. Here are five ways to keep our forests standing

The Guardian - UK

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British Museum to receive £50m in funding from oil giant BP

BP will donate £50m to help with the renovation of the museum as climate groups slammed decision

The Independent UK

Lucas Oil expands sponsorship of RCR and driver Kyle Busch

The Indianapolis, Ind.-based Lucas Oil Products has served as the official lubricant of RCR and ECR Engines since 2014 and is the official motor oil of ECR Engines.

Motorsport

Can the US-led maritime force stop Yemen’s Houthi attacks during Gaza war?

Houthis say attacks won’t stop unless Israel’s do. Shipping industry doesn’t appear convinced task force can halt them.

Al Jazeera

Christmas dinner quicker! How to cook roast potatoes, Brussel sprouts and more in an air fryer

From roast potatoes to Brussel sprouts, here’s 5 Christmas sides recipes to try in an air fryer

Is the US going to approve the single biggest fossil-fuel expansion on earth?

Biden has a chance to show that the world’s biggest exporter of oil and gas is actually going to change its ways. It’s not clear if he’ll take it

The Guardian - US

France's TotalEnergies to invest billions in Nigeria

French energy giant TotalEnergies is ready to invest $6 billion (5.5 billion euro) over several years in Nigeria's oil and energy industry, especially in gas and offshore projects.

Radio France Internationale

Stock market today: Asian shares are mixed as Bank of Japan keeps its monetary policy unchanged

Asian shares are mixed after a seven-week winning streak on Wall Street cooled

The Independent UK

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The Guardian - US

US launches Red Sea protection force after Houthi attacks – as it happened

This blog is now closed

Top News

Sinochem Secures Venezuelan Oil as US Sanctions Relax!

China's Sinochem seizes a rare opportunity, swooping in on a Venezuelan oil cargo as the U.S. momentarily lifts sanctions. An intriguing geopolitical dance!

The Guardian - AU

Red Sea crisis explained: what is happening and what does it mean for global trade?

Attacks from the Houthis on shipping vessels have increased in response to the war in Gaza, with BP halting all shipments of oil and gas through the region

International Business Times UK

Small-Island Nations Criticise COP28 Agreement For Not Considering Poorer Economies

While the COP28 agreement sets out to see the end of fossil fuels, the UN reported that the world is still not on track to meet net-zero goals by 2050.

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France 24

Explosion at Guinea fuel depot kills 13 people

An explosion at Guinea's main oil terminal in Conakry has killed 13 people, injuring scores more. The fire has been largely contained, but concerns over fuel shortages have prompted residents to besiege gas stations nearby. Plus, candidates make one last appeal for votes on the campaign trail ahead of Wednesday's…

Top News

BP Suspends Red Sea Operations Amid Houthi Attacks on Ships

The rising Houthi attacks disrupt Red Sea shipping operations causing concerns about potentially higher oil and gas prices amidst the holiday season.

Top News

BP Halts Red Sea Shipments Amid Increased Rebel Attacks

As Iranian-backed Houthi rebels target commercial ships, oil giants halt Red Sea shipments, causing economic repercussions. Allies seek united response.

Barchart

Crude Settles Higher as Attacks on Ships in the Red Sea Disrupt Crude Supplies

January WTI crude oil (CLF24 ) on Monday closed up +1.04 (+1.46%), and Jan RBOB gasoline (RBF24 ) closed up +2.20 (+1.03%). Crude oil and gasoline prices Monday climbed to 2-week highs and closed moderately higher. The main bullish factor for crude oil Monday is geopolitical risks after several major...

Texas Observer

Oil and Gas Wastewater Spills Pollute the Lone Star State

Pollution from energy sector spills impacts soil, contaminates water resources and kills wildlife while the state resists new regulations.

The Independent UK

BP halts oil and gas shipments through Red Sea after attacks

Energy company follows decisions by a number of big shipping firms as Houthi militants – who have declared their support for Hamas – step up attacks on vessels

Barchart

Crude Prices Jump as Oil Shippers Avoid the Red Sea as Ship Attacks Rise

January WTI crude oil (CLF24 ) this morning is up +2.18 (+3.05%), and Jan RBOB gasoline (RBF24 ) is up +5.55 (+3.60%). Crude oil and gasoline prices this morning rallied sharply to 2-week highs. The main bullish factor for crude oil today is geopolitical risks after several major oil shippers...

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