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The Latest Breaking News from Oil

New Mexico legislators OK increase on future oil royalty rates for prime land

New Mexico's Legislature has endorsed a bill that would raise royalty rates for new petroleum development on prime parcels in one of the world’s most prolific oil basins

The Independent UK

Biden Admin Reportedly Reached Secret Deal With Allowing Chevron To Send Hundreds of Millions To Venezuelan Regime

The Biden administration reportedly reached a secret deal that allowed oil giant Chevron pay millions of dollars to the Venezuelan regime

Latin Times

Crude Prices Close Slightly Higher on Possible Tighter Global Oil Supplies

May WTI crude oil (CLK25 ) Friday closed up +0.21 (+0.31%), and May RBOB gasoline (RBK25 ) closed up +0.0026 (+0.12%). Crude oil and gasoline prices posted modest gains on Friday. Crude prices had carryover support from Thursday when the US ramped up sanctions on Iranian crude exports, which could...

Barchart

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Crude Prices Little Changed on Economic Concerns

May WTI crude oil (CLK25 ) is up +0.09 (+0.13%), and April RBOB gasoline (RBJ25 ) is down -0.0057 (-0.26%). Crude oil and gasoline prices today are little changed. Today's rally in the dollar index (DXY00 ) to a 2-week high is bearish for energy prices. Also, today's weakness in...

Barchart

German customs seize ship from Russian 'shadow fleet', local media report

The oil tanker 'Eventin', believed to be part of Russia’s efforts to evade sanctions, was already towed into safer waters by a German tugboat in January after it was discovered adrift in heavy seas off the Baltic coast.

Euronews

Small but mighty! The best travel-size toiletries for your next trip

Our beauty expert’s top space-saving travel minis and pots for decanting and reusing, from perfumes and SPFs to shampoos

The Guardian - UK

Man handed jail sentence after This is Rigged protest at Grangemouth

A man has been handed a jail sentence after a group of This Is Rigged protesters occupied the Grangemouth oil refinery ...

The National (Scotland)

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Fire service give update on Hayes substation blaze after police declare major incident

A substation fire in Hayes involved 25,000 litres of cooling oil fully alight, the London Fire Brigade (LFB) has revealed.

The Independent UK

Markets Skid Into Weekend As Trade Fears Cast A Pall

Traders took heart from Fed boss Jerome Powell's comments that the impact of hefty levies imposed on imports from key partners would likely be transitional, and from officials' forecasts that did not see a feared recession this year.

Latin Times

Greenpeace loss will embolden big oil and gas to pursue protesters: ‘No one will feel safe’

As Trump pushes ‘drill, baby, drill’ agenda, Greenpeace verdict offers startling outlook for environmental activism

The Guardian - US

Asian Markets Skid Into Weekend As Trade Fears Cast A Pall

Asian markets limped into the weekend on Friday following a tepid lead from Wall Street as the optimism stoked by a dovish US Federal Reserve meeting gave way to long-running fears about President Donald Trump's tariff agenda.

International Business Times

Greenpeace $660mn Damages Ruling Shocks Global NGOs

Civil society groups on Thursday condemned a US court order that Greenpeace pay over $660 million in damages to an oil pipeline company as a chilling attack on climate action around the globe.

International Business Times

The Cotton Futures Market Is Still Struggling. Look for These 5 Early Signs of a Price Bottom.

Tariffs have been weighing on cotton futures prices, bringing them to a 4.5-year low earlier this month.

Barchart

Crude Prices Finish Higher as US Tightens Sanctions on Iranian Oil

April WTI crude oil (CLJ25 ) Thursday closed up +1.10 (+1.64%), and April RBOB gasoline (RBJ25 ) closed up +0.0215 (+0.99%). Crude oil and gasoline prices advanced Thursday after the US ramped up sanctions on Iranian crude exports. Crude prices also garnered support from Thursday's better-than-expected US economic news, a...

Barchart

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Evening Standard

Best scalp exfoliators: Top picks for healthier hair

Achieve healthier, flake-free hair with these expert-recommended products

The Independent UK

Watch: Just Stop Oil protesters who planned to glue themselves to Heathrow Airport runway caught by police

This is the moment several Just Stop Oil (JSO) protesters who planned to glue themselves to the runway at Heathrow Airport were caught by police.

The Guardian - UK

West Papuan Indigenous people call for KitKat boycott over alleged ecocide

Thousands of acres of rainforest is being cleared to produce palm oil, used in popular Nestlé and Mondelēz brands

Evening Standard

Just Stop Oil activists convicted over plot to bring Heathrow Airport to standstill

Nine environmental protestors will be sentenced in May after being caught with angle grinders and glue at the airport’s perimeter

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Latin Times

Trump Admin Reportedly Cedes To Chevron Lobbying And Agrees To Extend Operation Deadline In Venezuela

The Trump administration is reportedly set to extend Chevron's deadline to cease operations in Venezuela after lobbying from the company

Barchart

Crude Rallies as US Ramps-Up Sanctions on Iranian Crude Exports

April WTI crude oil (CLJ25 ) today is up +1.28 (+1.91%), and April RBOB gasoline (RBJ25 ) is up +0.0189 (+0.87%). Crude oil and gasoline prices are climbing today after the US ramped up sanctions on Iranian crude exports. Crude prices also garnered support from today's better-than-expected US economic news,...

The Conversation

Nigeria’s oil-rich Rivers State under emergency: sending in the army isn’t the answer

President Bola Tinubu recently declared a state of emergency in Nigeria’s oil-rich Rivers State, in the country’s south-south region.

Barchart

How Is Targa Resources' Stock Performance Compared to Other Oil & Gas Stocks?

As Targa Resources has outpaced its industry peers recently, analysts remain highly optimistic about the stock’s prospects.

International Business Times

Battle For Khartoum Wrecks Key Sudan Oil Refinery

The once-pristine white oil tanks of Sudan's largest refinery have been blackened by nearly two years of devastating war, leaving the country heavily dependent on fuel imports it can ill afford.

The Independent UK

Activists slam US court decision ordering Greenpeace to pay millions to oil company: ‘Dangerous precedent’

Advocates call trial ‘one of the most unfair’ as environmental group vows to continue fighting despite bankruptcy fears

The Independent UK

Greenpeace ordered to pay $660M to oil company by judge, prompting bankruptcy fears

The environmental group previously shared bankruptcy fears over losing a defamation suit to Texas oil giant Energy Transfer

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