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The Latest Breaking News from Oil

Oil prices steady despite Middle East tensions, but risks are rising

Despite diverting supplies from the Suez Canal, tensions in the Red Sea have so far had a muted impact on energy prices.

Al Jazeera

Venezuela Kills Off Petro Cryptocurrency

Venezuela is putting an end to the petro cryptocurrency that President Nicolas Maduro launched six years ago to sidestep US sanctions, but which never took off and became embroiled in a graft scandal.

International Business Times

'Gold' hydrogen: natural deposits are turning up all over the world – but how useful is it in our move away from fossil fuels?

Hydrogen will play a role in weaning us off fossil fuels. It can be used to power trains, planes and HGVs, as well as being a low-carbon alternative to coke in steelmaking and a way to warm our homes.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Crude Prices Rally on Geopolitical Risks as U.S. Strikes Houthi Targets in Yemen

February WTI crude oil (CLG24 ) this morning is up +1.10 (+1.53%), and Feb RBOB gasoline (RBG24 ) is up +1.83 (+0.87%). Crude oil and gasoline prices this morning rallied to 2-week highs on an escalation of geopolitical risks in the Middle East after the U.S. and its allies launched...

Barchart

E-Bike Tech: Chain Drive Vs. Belt Drive – Which One Should You Choose?

Today’s e-bikers are spoiled for choice. Let’s take a look at the pros and cons of belt drives and chain drives, and see which one is best suited for you.

InsideEVs

Energy: Will the 2023 Laggard be a Leader in 2024?

Energy was the worst-performing commodity sector in 2023, falling over 20%. The worst performer for one year is often the best during the following year. Traditional energy commodities are volatile, and the geopolitical landscape continues to favor sudden rallies in 2024.

Barchart

3 Oil & Gas Stocks to Watch in 2024

Robust global demand and constrained supplies aggravated by escalating geopolitical tensions will probably keep oil prices high this year, propelling the energy sector’s growth prospects. Hence, fundamentally sound oil & gas stocks Antero Midstream Corporation (AM), Dorchester Minerals (DMLP), and VAALCO Energy (EGY) could be ideal watchlist additions. Keep reading….

StockNews.com

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Mounting tension in Red Sea spiking crude oil cost, Iran smuggles oil

Discover how Iran continues to sell oil despite sanctions, using a network of smugglers known as the Ghost Armada. Learn about the impact on the global eco...

Top News

Predicting the 2024 Energy Stock Gainers: XOM vs. VLO

To capitalize on the potential significant rise in oil prices due to geopolitical tensions this year, which of the two energy stocks, Exxon Mobil Corporation (XOM) and Valero Energy Corporation (VLO), could provide better returns this year? Read more to find out.

StockNews.com

Oil prices hit $80 a barrel as fears grow over Red Sea disruption to trade

Experts warn of economic impact of sustained shipping attacks and Middle East tensions

The Guardian - UK

Not all carbon-capture projects pay off for the climate – we mapped the pros and cons of each and found clear winners and losers

Capturing carbon dioxide from the air or industries and recycling it can sound like a win-win climate solution. The greenhouse gas stays out of the atmosphere where it can warm the planet, and it avoids the use of more fossil fuels.

The Conversation

Europe buying Russian oil via India at record rates in 2023 despite Ukraine war

India is benefiting from importing cut-price Russian oil amid European sanctions – and also selling that same oil to EU markets at full price once it has been refined

The Independent UK

I'm a Beauty Editor and these are the 9 best bath oils you need to try (when you get more than five minutes to yourself)

We've put the best bath oils through their paces to see which deliver maximum pampering potential

GoodToKnow

Ennore oil spill exposes absence of private cleaning agencies in Chennai: Coast Guard officer

Recalling how the Indian Coast Guard was involved in the detection and clean-up of the oil spill in Ennore and surrounding areas, a senior officer on board ICGS SHAURYA on Friday, January 12, 2024, underlined the absence of private companies that specialised in cleaning up oil spills in this part…

The Hindu

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Top News

Crude oil steady as Yemen strikes, bank reports emerge

In this market update, crude oil prices show little reaction to the strikes in Yemen, while banks report their latest financial results. Stay informed with...

France 24

Oil prices rise on fears of wider regional conflict after strikes on Houthi targets

Oil prices jumped over 2 percent after the US and UK carried out strikes on Houthi-controlled areas in Yemen, amid fears of an escalation of the conflict in the Middle East. Major shipping companies stopped travelling through the Suez Canal and Red Sea routes in early December after a spate…

Top News

Iran seizes oil tanker in Gulf of Oman, diverts it to port

This informative article discusses the recent seizure of an oil tanker by the Iranian navy in the Gulf of Oman, the reasons behind it, and international re...

Barchart

3 Stocks Ready to Rocket as the Market Rebounds (Hint: They Just Hit This Key Indicator)

Market rebounding? 3 stocks with soaring potential fueled by a key indicator.

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Top News

Oil prices surge as US and Britain target Houthi bases

Discover how oil prices experienced a 2% increase following the US and Britain striking Houthi targets, and the potential implications for the global oil m...

Latin Times

Oil Rallies As US, UK Strike Houthis, Stocks Mixed After US CPI

Oil prices surged Friday after US and UK forces launched strikes against Iran-backed Houthi rebels in Yemen following attacks on ships in the Red Sea, fuelling worries about a wider conflict in the crude-rich region.

Ideal Home

Aldi is selling a new oil-filled radiator and fan heater for under £30 that costs pennies to run

Stay warm this winter for less

AAP

Energy producers welcome new look at offshore approvals

The federal government is examining the consultation process for offshore oil and gas projects after court decisions in favour of traditional owners.

International Business Times

Oil Rallies As US, UK Strike Huthis, Stocks Mixed After US CPI

Oil prices surged Friday after US and UK forces launched strikes against Iran-backed Huthi rebels in Yemen following attacks on ships in the Red Sea, fuelling worries about a wider conflict in the crude-rich region.

Top News

Asian shares cautious as oil jumps on US strikes

Asian shares are trading cautiously as oil prices surge following US strikes in Yemen. Investors are keeping a close watch on geopolitical tensions.

Top News

Iran seizes US oil tanker, escalates tensions in the region

Read about the escalating tensions in the Gulf of Oman as Iran seizes a U.S. oil tanker and fires an anti-ship missile, prompting investigations and calls ...

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