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The Latest Breaking News from Oil

3 A-Rated Oil & Gas Stocks to Buy for December

The energy sector is capitalizing on a robust demand, augmented by an escalation in domestic gas utilization. Therefore, quality oil and gas stocks Martin Midstream Partners L.P. (MMLP), CrossAmerica Partners LP (CAPL), and Star Group, L.P. (SGU) could be solid buys for December. Also, these stocks are A-rated (Strong Buy)…

StockNews.com

Stanley Tucci cooking pasta is Instagram gold — here are 5 chef-recommended picks for your best bowl yet

Stanley Tucci cooking pasta is Instagram gold, so we asked chefs what we need to elevate our pasta dishes to Stanley level

Real Homes

10 limited spirits to treat yourself with for an outrageous NYE

From single cask bottlings to collaborations, there are some very limited spirits for you to add to your wishlist quick smart. Millie Milliken names her favourites

Evening Standard

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Gushing Stocks Burst Oil's Winning Bubble

Buckle up, oil enthusiasts! The glorious winning streak might soon come to an end as US stock builds cast a shadow over the black gold's future. Stay tuned...

Top News

Russia-Ukraine war at a glance: what we know on day 666

Ukrainian military moving to defensive positions, UK’s MoD says; Russian tax revenue from oil exports slashed by 32%, US says

The Guardian - AU

US oil producers broke a major record

The U.S. is now producing more oil than any other nation in history

Salon

Oil companies offer $382M for offshore drilling rights in last sale before 2025

Oil companies have offered $382 million for drilling rights in the Gulf of Mexico after courts rejected the Biden administration’s plans to scale back the sale to protect an endangered whale species

The Independent UK

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Crude Closes Mildly Higher as Red Sea Worries Overshadow a Bearish EIA Report

February WTI crude oil (CLG24 ) on Wednesday closed up +0.28 (+0.38%), and Feb RBOB gasoline (RBG24 ) closed up +0.06 (+0.03%). Crude oil and gasoline prices on Wednesday posted modest gains, with crude climbing to a 2-1/2 week high. Concerns about disruptions to Middle East crude supplies are boosting...

Barchart

Oil companies losing optimism, Dallas Fed survey reveals downturn

Oil companies in the USA are feeling less optimistic, according to a survey conducted by the Dallas Fed. Find out why their outlook is faltering.

Top News

Ennore Creek emergency oil spill recovery work completed

Oil recovery & mitigation work in Ennore Creek area completed; 900 people, including local fishermen, involved in cleaning oil ingress in mangroves.

The Hindu

This High-Yield Energy Stock Has 33% Upside Potential

This oil and gas stock offers a double-digit percentage yield, and Wall Street expects significant upside from the shares over the next year. Here's a closer look at this top-rated MLP, and what analysts are anticipating in 2024.

Barchart

Crude Rises as Red Sea Worries Overshadow a Bearish EIA Report

February WTI crude oil (CLG24 ) this morning is up +0.78 (+1.05%), and Feb RBOB gasoline (RBG24 ) is down -0.22 (-0.10%). Crude oil and gasoline prices this morning are mixed, with crude climbing to a 2-1/2 week high. Concerns over disruptions to Middle East crude supplies are boosting oil...

Barchart

How fossil fuel companies won COP28

Another climate summit has come and gone. The 28th Conference of the Parties of the UN Framework Convention on Climate Change (COP28 to you and me) took stock of the world’s progress in limiting global heating to 1.5°C. This is the guardrail scientists have advised world leaders to make every…

The Conversation

Should you really buy non-stick pans? Expert advice on surprisingly divisive pans

Non-stick pans have become increasingly popular over the years. But with valid health concerns, I spoke to experts about the benefits and limitations.

Homes & Gardens

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The Independent UK

U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers

The U.S. has imposed new sanctions on alleged violators of its price cap on Russian oil and tightened compliance rules for insurance firms and shippers that move it

International Business Times

Oil Prices Rebound After Houthi Attacks In Red Sea; BP, Equinor Pause Shipping Through Suez

Attacks on Red Sea shipping are driving up oil prices, prompting the US to form a coalition of nation's the crack down on Iran-backed Houthi rebels. Geopolitical uncertainty looks to be a key concern for investors in 2024.

Reason

Houthis Ruin Christmas

Plus: The fertility crisis, the origins of Israel, El Segundo's tech scene, and more...

The Guardian - UK

More than 100 container ships rerouted from Suez canal to avoid Houthi attacks

Cape of Good Hope diversion adds 6,000 nautical miles and three or four weeks to delivery times and has driven up oil prices

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The Guardian - UK

Energy price cap in Great Britain to fall by 14% in April, says forecaster

Cheaper oil and gas expected to fuel drop in annual bills by £268 to £1,660

The Independent UK

Dutch bank ING says it is accelerating its shift away from funding fossil fuels after COP28 deal

Dutch bank ING says it is accelerating its phasing out of funding for oil and gas exploration and production activities while it increases financing for renewable energy

Top News

Market Optimism: Asian Shares Rise as Rate Cut Fever Continues

Get ready for a wild ride as Asian shares surge amidst an ongoing fever for a U.S. rate cut! Oil holds its gains, adding to the thrill of the markets.

Top News

Red Sea Boost: Oil Prices Rise as Traders Keep Watch

Oil prices tick higher as the energy market eagerly keeps tabs on Red Sea developments. Find out how this aquatic adventure impacts global crude oil prices.

International Business Times

Waning Influence Of OPEC+ In Spotlight As Prices Flag

Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies have struggled to boost flagging prices.

International Business Times UK

UK Petrol Prices Hit a Two-Year Low Amid Drivers Contending Fluctuating Prices and Economic Uncertainties

Declining demand, increased oil production from key oil-producing nations, and geopolitical factors contributed to the downward trend in UK petrol prices.

International Business Times

Volunteers, Aid Workers Rally To Help Guinea After Fuel Depot Fire

Foreign rescue and aid workers, along with the UN and volunteers, rallied Tuesday to help victims of the explosion and fire at Guinea's main oil depot on Monday that killed 18 people, injured 212 others and prompted concerns about fuel supplies.

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