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The Latest Breaking News from Oil

IEA Raises Oil Demand Outlook, Still Behind OPEC

IEA revises global oil demand forecast, showing an increase but still lower than OPEC's. Both organizations are crucial for energy market analysis.

Top News

Crude Prices Rally on IEA Forecast for 2024 Oil Deficit

April WTI crude oil (CLJ24 ) is up +1.32 (+1.66%), and Apr RBOB gasoline (RBJ24 ) is up +0.156 (+0.59%). Oil prices are trading higher on today's IEA's report, which said the oil markets face a supply deficit for the remainder of this year due to OPEC+ production cuts. Oil...

Barchart

US EXIM Bank To Vote On Bahrain Oil Project

US EXIM Bank's potential funding of Bahrain oil project raises climate change concerns.

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Global Shares Mixed As Markets Await Central Bank Decisions

Global shares show mixed performance, with gains in Europe and the U.S. Japan's Nikkei 225 rises. Speculation on Bank of Japan's policy change, oil prices ...

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Revealed: How the global oil industry is fueling Israel’s war on Gaza

Analysis shows how jets and tanks are being kept fueled despite interim ICJ ruling warning Israel to prevent genocidal acts

The Guardian - US

Opportunity Zone Investing Still Hot Despite Looming Sunset

Tax incentives and rise of niche fund strategies make the qualified opportunity zone program an attractive way to grow tax-free wealth.

Kiplinger

Shell waters down emissions cut pledge despite crucial climate decade

Energy company now says it aims for 15-20% reduction by 2030, rather than previous target of 20%

The Guardian - UK

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This sellout diffuser is, hands down, the chicest I've ever seen—and it's *finally* back in stock

I've never wanted a diffuser more

Marie Claire

Cabinet papers from Iraq war period show Howard government saw access to Middle East oil as a key national interest

Newly released documents also reveal worries that reducing troop levels in Iraq would squander ‘the benefits’ to US-Australia alliance

The Guardian - AU

Ukraine war briefing: refineries in Russia burn as Ukrainians go after Kremlin’s lifeline

Pressure on US House speaker to allow Ukraine aid vote; Syrskyi says ‘difficult’ on battlefield but enemy taking heavy losses. What we know on day 750

The Guardian - AU

Oil Prices Rise Due To US Inventory Data And Refinery Attacks

US inventory data and attacks on Russian refineries have supported oil prices, leading to market volatility.

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Study Reveals American Oil And Gas Methane Emissions Crisis

Study reveals American oil and gas operations emit excessive methane, causing .3 billion in climate damage annually. Urgent action needed to reduce emiss...

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The Top 5 Cod Liver Oil Supplements: A Nutrient-Rich Addition To Your Wellness Routine

Discover the top 5 cod liver oil supplements to boost your well-being.

Medical Daily

Methane Emissions From Energy Sector Rose In 2023: IEA

Planet-heating methane released by the fossil fuel industry rose to near record highs in 2023 despite technology available to curb this pollution at virtually no cost, the International Energy Agency said Wednesday.

International Business Times

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Ukrainian Drones Damage Russian Oil Refineries In Attacks

Ukrainian drones target Russian oil refineries, raising concerns about energy supply disruptions. Tensions escalate in the region with potential global imp...

Barchart

Crude Prices Rally on EIA Report and Ukrainian Strikes on Russian Refineries

April WTI crude oil (CLJ24 ) is up +1.54 (+1.99%), and Apr RBOB gasoline (RBJ24 ) is up +0.0698 (+2.70%). Oil prices are higher today on a bullish U.S. EIA weekly inventory report and on Ukrainian drone strikes on three Russian refineries. Rosneft's Ryazan refinery near Moscow was set ablaze...

WEKU

Oil and gas companies emit more climate-warming methane than EPA reports

Oil and gas drillers are releasing more climate-warming methane than the government estimates, a new study shows.

Top News

Oil Prices Surge 2% Amid Russian Refinery Attacks

Global oil prices surged 2% due to Russian refinery attacks and strong market demand, leading to increased volatility and uncertainty in the oil market.

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Ukraine Intensifies Drone Attacks On Russian Oil Refineries

Ukraine intensifies drone attacks on Russian oil refineries and receives 0 million military aid package from the US to bolster defense capabilities.

StockNews.com

MRO vs. PSX - Which Is the Top Energy Stock to Buy in March?

Ongoing conflicts in the Middle East and the extension of oil production cuts by OPEC+ into the second quarter are contributing to the positive sentiment around the energy industry. Let’s compare the fundamentals of Phillips 66 (PSX) and Marathon Oil Corporation (MRO) to determine which energy stock is a better…

France 24

Putin reiterates nuclear threat as Ukraine launches drone strikes on Russian oil refineries

Ukraine launched a sweeping drone attack on Russian regions on Wednesday, causing a fire at Rosneft's biggest oil refinery in what President Vladimir Putin said was an attempt to disrupt Russia's presidential election.

Marie Claire

You're probably removing your cuticles incorrectly—these 4 easy steps will up your mani game tenfold

Your guide to all things cuticles

The Guardian - UK

Fossil fuel firms must plug methane leaks to meet climate targets, warns watchdog

Spending to clean up their operations would be equivalent to only 5% of profits made last year, IEA estimates

AAP

Woodside, Santos expansion less than super for funds

Some superannuation funds are reducing exposure to Woodside and Santos as members demand more climate action instead of their money bankrolling new gas fields.

Barchart

Crude Prices Fall as EIA Predicts Higher U.S. Oil Production

April WTI crude oil (CLJ24 ) Tuesday closed down -0.37 (-0.47%), and Apr RBOB gasoline (RBJ24 ) closed up +0.59 (+0.23%). Oil prices were undercut Tuesday after the U.S. DOE Energy Information Administration (EIA), in its Short-Term Energy Outlook, forecasted that U.S. crude oil production in 2024 will rise +2.0%...

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