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The Latest Breaking News from Oil

Buffett's Slow Acquisition of Occidental Petroleum Continues

On Monday Berkshire Hathaway filed with the SEC it had purchased more shares in Occidental Petroleum. It now has about 23.6% of the oil and gas company. What does he see in the company?

Barchart

3 Affordable Energy Stocks Under $10 to Invest in Before It's Too Late

Despite the current macroeconomic volatilities, growing demand for oil and its tightened supply could favor the energy sector. Against this backdrop, affordable energy stocks W&T Offshore (WTI), Berry Corporation (BRY), and Obsidian Energy (OBE), trading under $10, might be wise picks for investors now. Read on….

StockNews.com

Climate activists message to Scottish Parliament: 'We'll see you next time'

The group has disrupted FMQs on eight occasions since January 12

The National (Scotland)

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La Sultana Marrakech review: an oasis of calm in the heart of the Kasbah

The Kasbah district of Marrakech, like many other parts of the former imperial city, positively hums with energy. Taxis weave and wind through narrow streets, market sellers tirelessly hawk their trinkets, and pot after pot after pot of sweet mint tea is brewed and shared between friends.

The Week

James Strawbridge's Easter recipes with a twist

There's an idea for left-over ht cross bun and something different to do with lamb

Wales Online

‘Take back control’? With this Pacific trade deal, Brexit Britain has just signed it away

Goodbye, food standards. Hello, corporate lobbyists. Why are we doing this, asks Nick Dearden of Global Justice Now

The Guardian - UK

'Petrodollar' at risk as TotalEnergies sells LNG to China in yuan

Chinese and French energy companies this week finalised the first-ever deal on liquified natural gas (LNG) in China settled in the renminbi yuan currency. The trade, involving 65,000 tons of LNG imported from the United Arab Emirates, marks a major step in Beijing's attempts to undermine the US dollar as…

Radio France Internationale

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UK Government refuses to commit to blocking Rosebank field

Meanwhile, the First Minister hit out at Westminster over its latest carbon capture and storage plans

Insider UK

George Skelton: Newsom learned with oil bill: Working with lawmakers is key to passing laws

SACRAMENTO, Calif. — Gov. Gavin Newsom did something new — for him. He got aggressively engaged behind the scenes, negotiating with legislators. And it paid off.

Los Angeles Times

Scottish financial sector faces up to energy transition risks

As a new report warns of potential job losses and bail outs, Insider asks what firms and government are doing to reduce potential harms

Insider UK

Pirates KIDNAP three sailors after hijacking chemical and oil tanker six days ago

Pirates boarded and hijacked an oil tanker six days ago in the Gulf of Guinea, south of Nigeria, since then British and French navies have helped the company try and track down the missing ship

Daily Mirror

OPEC+ Unlikely to Tweak Oil Policy in Monday Talks

OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters, after oil prices recovered following a drop to 15-month lows. Oil has recovered towards $80 a barrel for Brent crude after falling to near…

Asharq Al-Awsat

Shadowy brokers walk off with billions in Venezuelan oil

Dozens of obscure brokers are at the center of a new crackdown in Venezuela on corruption in the state-run oil industry that has government insiders scurrying for cover

The Independent UK

Crude Closes Higher on Dollar Weakness and Equity Optimism

May WTI crude oil (CLK23 ) on Thursday closed up +1.40 (+1.92%), and May RBOB gasoline (RBJ23 ) closed up +0.05 (+0.02%). Crude oil and gasoline prices Thursday posted moderate gains. Dollar weakness Thursday supported energy prices. Also, Thursday's rally in the S&P 500 to a 3-1/2 week high bolsters...

Barchart

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Tribune News Service

House passes GOP energy bill

WASHINGTON — The House on Thursday passed energy, permitting and infrastructure legislation that Republicans have described as a top priority, drawing support from a handful of Democrats on a 225-204 vote.

Edinburgh Live

Concerned Edinburgh residents spot 'oil slick' in Water of Leith as investigation launched

Environmental experts have launched an investigation after concerned residents raised the alarm after spotting an 'oil leak' in the water of Leith on Thursday.

The Guardian - UK

The Guardian view on Rishi Sunak’s energy plan: playing with fire

Editorial: The government has chosen oil and gas over renewables, increasing the climate threat

Salon

AOC: GOP bill may be written by Big Oil

The sweeping bill amounts to a "trickle down fantasy" to hand profits to fossil fuel companies, she said

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Reuters

Ecuador lawmaker says there is 'compelling' graft evidence against President Lasso

Ecuador's opposition has compelling evidence to present against President Guillermo Lasso at his impeachment hearing, a lawmaker said on Thursday, including irregularities in a crude oil shipping contract, accusations Lasso vehemently denied in a televised message.

Chronicle Live

Gateshead oil rig worker jailed for trying to have online sex chats with children

Alex Elder, of Gateshead, thought he was talking to two girls aged 13 and 14 but in fact they were decoy profiles set up by paedophile hunters

Barchart

Crude Climbs on Dollar Weakness and Economic Optimism

May WTI crude oil (CLK23 ) this morning is up +1.22 (+1.67%), and May RBOB gasoline (RBJ23 ) is up +0.50 (+0.19%). May Nymex natural gas (NGK23 ) is down -0.070 (-3.21%). Crude oil and gasoline prices this morning are moderately higher. Dollar weakness today is pushing energy prices higher....

The National (Scotland)

UK Government refuses to commit to blocking Rosebank oil and gas field near Shetland

It is the largest such field in the North Sea area, capable of producing 69,000 barrels of oil and 44 million cubic feet of gas per day

The Conversation

Why a serious climate strategy is almost impossible in the UK's current political system

The UK government reportedly chose Aberdeen, its carbonisation capital, as the original location to relaunch its de-carbonisation strategy. The strategy, now published, has been strongly criticised by environmentalists. Part of the plan to transition the country away from oil and gas is to allow highly subsidised, mostly foreign-owned companies to…

Insider UK

'Lessons must be learned' from coal during oil and gas transition

CIPD policy adviser and SSE HR director discuss how best to manage the move to renewable energy

StockNews.com

2 Oil Stocks Gassing up to Push Farther Ahead

Although fears of an economic downturn have considerably heightened, constrained oil supply and increased demand for oil and gas could create a sustained tailwind for the energy sector. Given this backdrop, the strong fundamentals of Cheniere Energy Partners (CQP) and CrossAmerica Partners (CAPL) might make them ideal buys now. Read…

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