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The Latest Breaking News from Oil

Crude Prices Weighed Down by Economic Concerns

April WTI crude oil (CLJ25 ) Wednesday closed down -0.31 (-0.45%), and April RBOB gasoline (RBJ25 ) closed down -0.0232 (-1.05%). Crude oil prices Wednesday settled moderately lower, with crude falling to a 2-1/4 month low and gasoline sliding to a 2-month low. Economic concerns weighed on crude prices Wednesday...

Barchart

Have a Kia With a Bad Engine? Kia Might Replace It for Free

Kia has a problem with the 2.0-liter engine used in some Soul and Seltos models: some could have potential engine damage that could lead to a failure or a fire. As a result, 137,256 vehicles have been recalled.

Motor1

Dirtier BP is still miles away from resetting its share price

Fossil fuel giant’s strategic U-turn may be far-reaching but even after ditching climate goals the shares fell

The Guardian - UK

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Alberta’s oil and gas wells threaten people’s health, but there are disparities in who is most at risk

Around 13 per cent of Albertans live within 1.5 kilometres of an active oil or gas well. Given the link between oil and gas production and ill health, this leaves a significant proportion of the province’s population at risk.

The Conversation

Why has BP pulled the plug on its green ambitions?

Oil firm abandons plan to become net zero energy company as its CEO claims strategy went ‘too far, too fast’

The Guardian - UK

How to pick an easy-to-clean non-toxic cutting board – to keep harmful microplastics away from your food

There's more research than ever that microplastics harm human health and the planet

Homes & Gardens

After a month of Trump's pro-oil and gas moves, Dems target his energy emergency

President Donald Trump pledged a U-turn away from the Biden administration's commitment to fighting climate change and promoting clean energy

The Independent UK

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Crude Prices Recover after Weekly EIA Inventories Unexpectedly Decline

April WTI crude oil (CLJ25 ) today is up +0.06 (+0.09%), and April RBOB gasoline (RBJ25 ) is down -0.0192 (-0.87%). Crude oil prices today are mixed, with gasoline falling to a 2-month low. Economic concerns are weighing on crude prices today after US Jan new home sales fell more...

Barchart

Labour must turn 'warm words' on climate crisis into 'real action', warn Greens

THE Labour Government has been urged to turn “warm words” into greater action on the climate emergency by the Scottish Greens after a report…

The National (Scotland)

BP slashes green energy spending and turns back towards fossil fuels

The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.

Evening Standard

How BP went from eco poster child to possible takeover target

“In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its strategy.

Fortune

Little-Followed National Fuel Gas Hits 56th 52-Week High. Is It Too Late to Buy?

Western New York-based oil and gas company National Fuel Gas hit its 56th 52-week high on Tuesday. Up 52% in the past 12 months, FOMO appears to be building. Is it too late to jump on the bandwagon?

Barchart

Transition to renewables taking longer than thought, senior BP figure tells MPs

Louise Kingham said ‘clarity’ from the UK Government is needed to unlock investment in the North Sea as she reaffirmed BP’s commitment to net zero.

The Independent UK

BP to slash spending on net zero ventures as it focuses on oil and gas again

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production

The Independent UK

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The Independent UK

11 best heat protection sprays to keep hair healthy, strong and glossy

Prep your strands with one of our favourite finds to shield them from damage

Evening Standard

BP slashes net-zero spending by nearly £4bn in renewed oil and gas focus

The fossil fuels giant said it would increase oil and gas investment by about 20% to £7.9 billion a year as part of a major strategy update.

The Guardian - UK

BP blames ‘misplaced’ faith in green transition for its renewed focus on fossil fuels

CEO Murray Auchincloss says ‘fundamental reset’ will mean cut of more than £4bn to low-carbon investment plan

Evening Standard

BP takes the axe to investment in green energy in "shocking" strategy U-turn

Rethink comes five years after BP set ambitious targets to cut production of oil and gas by 40% by 2030

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Evening Standard

BP expected to roll back green energy pledges to boost profit

The oil giant was criticised by environmental groups amid forecasts that it will roll back pledges made five years ago in a bid to boost profit.

The Independent UK

BP signs $25bn deal to redevelop Iraq’s oil and gasfields as it slashes investments in renewable energy

BP previously committed to cut oil and gas production by 40 per cent by 2030

The Independent UK

Why Niklas Ekstedt’s lamb saddle is the perfect dinner party centrepiece

With fire-seared lamb, apple-stuffed cabbage, and crispy fried nettles, this bold yet elegant dish from the Swedish chef is made to impress

Kiplinger

Trump to Tariffs: How Retirees Can Manage Market Turmoil

FUD — fear, uncertainty, doubt — is running rampant these days, but that doesn’t mean retirement savers need to react. Here is why it pays to stay the course.

Barchart

Crude Prices Fall Sharply on Economic Concerns

April WTI crude oil (CLJ25 ) is down -1.72 (-2.43%), and April RBOB gasoline (RBJ25 ) is down -0.0366 (-1.62%). Crude oil prices are sharply lower due to economic concerns after today's sharp -7.0 point drop in the Feb US Consumer Confidence index to an 8-month low of 98.3. Oil...

The Independent UK

Just Stop Oil activists accused of disrupting West End play may receive cautions

Richard Weir, 60, and Hayley Walsh, 42, appeared at Westminster Magistrates’ Court on Tuesday.

Evening Standard

Just Stop Oil activists accused of disrupting Sigourney Weaver West End play may receive cautions

Richard Weir, 60, and Hayley Walsh, 42, appeared at Westminster Magistrates’ Court on Tuesday

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