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The Latest Breaking News from Oil

‘Like Nagasaki’: devastating wildfires will only get worse, new book warns

Author John Vaillant’s Fire Weather chronicles the 2016 Fort McMurray blaze – Canada’s costliest natural disaster

The Guardian - US

Invictus Energy makes major gas find in northeastern Zimbabwe

An Australian oil and gas exploration company says it has found high quality natural gas deposits in northeastern Zimbabwe, after months of exploration.

Radio France Internationale

Just Stop Oil activists block Moorgate traffic at rush hour in latest London protest

Just Stop Oil protesters blocked traffic on a major central London road on Wednesday morning, sparking rush hour commuter misery.

Evening Standard

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UK tops list for fossil fuel sites in nature protected areas

Globally, fossil fuel extraction and exploration is taking place at almost 3,000 sites in conservation areas, analysis shows

The Guardian - UK

$3.4M fine proposed over 2021 California oil pipeline leak

A federal agency is proposing a nearly $3.4 million fine for an energy company over a 2021 oil pipeline spill that fouled Southern California beaches

The Independent UK

Cooler temperatures offer temporary reprieve for Alberta wildfires

Wildfires in Canada's main oil-producing province Alberta eased on Tuesday thanks to cooler weather, but thousands of people remained under evacuation orders and officials warned temperatures were expected to rise in coming days.

Reuters

Diesel price set to fall this month

The domestic diesel price should decrease by 0.5 baht a litre to around 32 baht on May 15 in response to falling global oil prices, says the Oil Fuel Fund Office (Offo).

Bangkok Post

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PTTGC invests in British startup Interface Polymers

PTT Global Chemical Plc (PTTGC), the petrochemical arm of national oil and gas conglomerate PTT Plc, has announced an investment in UK-based startup Interface Polymers, a developer of chemical additives to improve the recyclability and performance of key polymers.

Bangkok Post

World not ready yet to 'switch off' fossil fuels, COP28 host UAE says

The United Arab Emirates said on Tuesday that countries should agree to phase out fuel emissions - not the production of oil, gas and coal - at the upcoming U.N. climate change negotiations that it will host this December.

Reuters

Crude Closes Higher as U.S. Plans to Refill SPR After Repairs

June WTI crude oil (CLM23 ) on Tuesday closed up +0.55 (+0.75%), and June RBOB gasoline (RBM23 ) closed up +1.83 (+0.74%). Crude oil and gasoline prices Tuesday recovered from early losses and rose to 1-week highs. Short covering emerged in crude after the Biden administration said Tuesday it was...

Barchart

Best Oil Stock to Buy Today

Energy sector giant Cheniere Energy (LNG) reported solid fiscal 2023 first quarter results and is well-placed to continue its business momentum this year, driven by high energy demand and the company’s strategic initiatives to boost its production capacity. Given its strong fundamentals, this leading oil stock could be a solid…

StockNews.com

IOCL mobilises additional cylinders from neighbouring States to bring down backlog in delivery

In an effort to reduce the backlog in the delivery of liquefied petroleum gas (LPG) cylinders, Indian Oil Corporation Ltd. (IOCL) is bringing in refills from Karnataka, Kerala, Telangana and Puducherry

The Hindu

Support for domestic oil production over imports is 'false choice', say campaigners

A MAJORITY of Scots believe that the UK should meet its continuing demand for oil and gas by producing it domestically, according to a new poll.

The National (Scotland)

3 Best Energy Stocks to Buy Now

Increased oil demand from China amid production cuts could raise the growth prospects for the energy sector. Given this backdrop, quality energy stocks North American Construction Group (NOA), Ranger Energy Services (RNGR), and Graham Corporation (GHM) could be solid portfolio additions now. Read on….

StockNews.com

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Barchart

Dollar Strength and China Economic Concerns Weigh on Crude Prices

June WTI crude oil (CLM23 ) this morning is down -1.51 (-2.06%), and June RBOB gasoline (RBM23 ) is down -3.37 (-1.37%). June Nymex natural gas (NGM23 ) is down -0.013 (-0.58%). Crude oil and gasoline prices this morning are moderately lower. A stronger dollar today is weighing on energy...

The Independent UK

Can’t-believe-it’s-so-quick aromatic shrimp curry

Great British Menu host Andi Oliver’s Caribbean curry is full of flavour, says Katie Wright

France 24

Messi's father refutes rumours of deal to play in Saudi Arabia

Lionel Messi has not "signed or agreed" a deal to play in Saudi Arabia next season, the Argentine's father said after reports on Tuesday linked the Paris St Germain forward with a move to the Middle East.

StockNews.com

The Best Oil and Gas Stock to Buy Right Now

Constrained supplies and soaring demand for oil and gas have created enduring tailwinds for the energy sector. In addition to the industry tailwinds, prominent energy stock Marathon Petroleum’s (MPC) impressive fundamentals could make it a solid buy this summer. Read on….

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Investors Business Daily

Warren Buffett Stock Occidental Petroleum Falls After Q1 Estimates Miss As Profits Slide 48%

Occidental Petroleum reported first-quarter earnings and revenue falling more than expected on the back of sagging oil and natural gas prices.

Evening Standard

Eco-activists Just Stop Oil bring Camden to a standstill

Just Stop Oil activists launched a “come and arrest us” challenge to the Metropolitan Police as they brought Camden to a standstill with their latest slow march protest.

Wales Online

Just Stop Oil protest leaves London commuters feeling 'very angry'

Protesters walked slowly in front of traffic London

The Guardian - UK

Saudi oil group Aramco to pay more to state despite profits drop

World’s largest energy company’s first-quarter profits fall by 19% to $32bn after dip in oil prices

Daily Mirror

'Despite invasion, destruction and abandonment Samarkand remains beautiful'

Geoff Hill delves into Samarkand’s beautiful history and rebirth amid huge investment from local tycoon Bakhtiyor Fazilov, who’s made billions from gas, oil and property

The Guardian - UK

Italian oil firm Eni faces lawsuit alleging early knowledge of climate crisis

Exclusive: Company accused of ‘lobbying and greenwashing’ for more fossil fuels despite knowing of risks

Daily Mirror

Just Stop Oil protesters hold up traffic in latest slow march through London

Activists from the climate action group walked slowly in front of traffic in Camden, North London holding up banners reading "Just Stop Oil", on Tuesday morning

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