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The Latest Breaking News from Oil

Tesla Opens First Showroom In Oil-rich Saudi

The Tesla electric vehicle company owned by billionaire Elon Musk on Thursday opened its first showrooms in oil-rich Saudi Arabia -- where hybrid cars remain a rare sight.

International Business Times

Fragrance Layering Is Cool and All—But an Olfactory Personality Is So Much Chicer

Curating your scent style infuses individualism into a perfume wardrobe.

Marie Claire

Crude Prices Fall Sharply as Demand Concerns Grow

May WTI crude oil (CLK25 ) Thursday closed down -2.07 (-3.32%), and May RBOB gasoline (RBK25 ) closed down -0.0771 (-3.78%). Crude oil and gasoline prices on Thursday fell sharply because of concerns that the US trade war would slow economic growth and energy demand. Also, Thursday's stock selloff reduced...

Barchart

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3 Unusally Active Long-Haul Call Options to Buy From Wednesday’s Wild Ride

Yesterday’s S&P 500 move from 4,950 to 5,456.90 at the close was one for the ages. The 90-day pause lit a fire under investors. These three unusually active long-haul call options stood out.

Barchart

Company says thousands of gallons of oil have been recovered from a pipeline spill in North Dakota

Workers have recovered thousands of gallons of crude oil from an underground pipeline spill on North Dakota farmland

The Independent UK

Trade War Fears Hammer Crude Prices Again

May WTI crude oil (CLK25) today is down -2.68 (-4.30%), and May RBOB gasoline (RBK25) is down -0.0765 (-3.75%). Crude oil and gasoline prices today are sharply lower on concern the escalation of the US-China trade war will lead to a slowdown in economic growth and energy demand. Also, today's...

Barchart

‘One big backlash’: Why is a green shareholder activist group pausing its climate resolutions?

A “changing political landscape” and global trade tensions are partly to blame, according to the Netherlands-based group.

Euronews

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Just 9.5% of plastic made in 2022 used recycled material, study shows

Global research reveals most of 400m tonnes produced using fossil fuels, predominantly coal or oil

The Guardian - UK

Can personal data be considered a trade secret?

Have you ever wondered why some people say “Data is the New Oil”?

The Conversation

Hess Corporation Earnings Preview: What to Expect

Hess Corporation is preparing to announce its first-quarter earnings later this month, and analysts are projecting a double-digit decline in its profitability.

Barchart

7 questions for Valvoline Global CEO Jamal Muashsher, who was once a producer on a Bear Grylls TV show

Valvoline Global CEO Jamal Muashsher came to the company after a stint at Procter & Gamble, where he sold skincare products. Now he's running a $3 billion oil behemoth owned by Saudi Aramco.

Fortune

Budget day in the House: Texas lawmakers approve $337 billion spending plan

Among the hundreds of amendments were ones that focused on school vouchers, the attorney general’s office and the Texas Lottery.

The Texas Tribune

Green activist group is pausing work after backlash by investors

Dutch group Follow This says it will not file any resolutions against oil and gas companies this AGM season

The Guardian - UK

Russian economy grows at slowest pace in 2 years—plunge in oil prices could make things much worse

Oil prices fell to four-year lows as the U.S. and China stepped up their trade war, putting extra pressure on Russia’s key export.

Fortune

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AAP

Oil-gas giant defends energy policy, share-price slide

Oil and gas producer Santos says it's well placed to weather volatility in commodity markets, as shareholders and traditional owners call the company to task.

The Independent UK

Cleanup underway of the Keystone oil pipeline spill in North Dakota

Trucks and workers started a cleanup effort at the site of a spill of the Keystone oil pipeline in rural North Dakota

The Independent UK

California's effort to hold oil companies liable for natural disaster damage stalls

A bill in the California Legislature that would have made oil and gas companies liable for damage to homes caused by natural disasters has failed to advance

Barchart

Short Covering Pushes Crude Price Sharply Higher on US Tariff Pause

May WTI crude oil (CLK25 ) Wednesday closed up +2.77 (+4.65%), and May RBOB gasoline (RBK25 ) closed up -0.0470 (+2.36%). Crude oil and gasoline prices Wednesday recovered from early losses and rallied sharply as short-covering emerged when President Trump announced a 90-day pause on reciprocal tariffs for 56 countries,...

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Marie Claire

Sydnee Falkner Is More Than the 'Million Dollar Secret' Mean Girl

The reality star dishes on everything from her regrets and the finale to what you didn’t see on-screen in Netflix’s latest hit.

Barchart

Sugar Prices Weaken on Trade War Concerns and a Slump in Crude Oil

May NY world sugar #11 (SBK25 ) Wednesday closed down -0.40 (-1.18%), and May London ICE white sugar #5 (SWK25 ) closed down -9.90 (-1.89%). Sugar prices on Wednesday posted moderate losses, with NY sugar falling to a 5-week low and London sugar dropping to a 2-month low. Global trade...

Barchart

Sugar Prices Fall on Trade War Concerns and Weakness in Crude Oil

May NY world sugar #11 (SBK25 ) today is down -0.36 (-1.97%), and May London ICE white sugar #5 (SWK25 ) is down -9.20 (-1.76%). Sugar prices today are under pressure, with NY sugar falling to a 5-week low and London sugar dropping to a 2-month low. Global trade war...

Al Jazeera

Eight charts that reveal the economic impact of Trump’s tariffs

The tariffs have hit dozens of economies, representing the biggest disruption to global trade in decades.

The Independent UK

Energy demand erodes in face of global economic slowdown as trade war intensifies

Oil prices slid to a four-year low Wednesday as fears of a global recession grew amid the latest round of tariff increases

Evening Standard

Goodbye Just Stop Oil...hello Youth Demand

A radical, more militant breed of protest group is threatening to shut down London this summer. So who are they, and what do they want?

The Guardian - US

Trump takes aim at city and state climate laws in executive order

President orders justice department to stop enforcement of critical policies holding fossil fuel companies accountable

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