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The Latest Breaking News from Oil

Trump pledges to go ahead with 25% tariffs on Canada, Mexico from Saturday

The White House reiterates the threat on Friday and adds there will be 10 percent tariffs on China.

Al Jazeera

25 Under-$250 Beauty Products the Royal Family Swears By

Skip the tiara, steal the skincare routine.

Marie Claire

Crude Prices Supported by Dollar Weakness and Tariff Concerns

March WTI crude oil (CLH25 ) Thursday closed up +0.11 (+0.15%), and March RBOB gasoline (RBH25 ) closed up +0.0058 (+0.28%). Crude and gasoline prices recovered from early losses on Thursday and posted modest gains. Thursday's weaker dollar was supportive of energy prices. Crude also has support on concern that...

Barchart

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California Politicians Now Want Oil Companies, Not Insurers, To Subsidize People Living in Wildfire Zones

A proposed state bill would allow individuals and insurers to sue oil companies for wildfires damages.

Reason

FTSE 100 smashes through 8,600 mark for the first time

London’s top index finished 89.07 points, or 1.04%, higher to end the day at 8,646.88.

The Independent UK

An East Texas town debates where to place EV charging stations as Trump threatens subsidies

Some residents see the charging stations as an economic boom to the town, while others find it an assault on the oil and gas industry in Texas.

The Texas Tribune

Crude Prices Higher on Tariff Concerns

March WTI crude oil (CLH25) today is up +0.58 (+0.80%), and March RBOB gasoline (RBH25) is up +0.0162 (+0.79%). Crude and gasoline prices today recovered from early losses and are moderately higher. Today's weaker dollar is supportive of energy prices. Crude also has support on concern that a possible +25%...

Barchart

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Two Russian nuclear deterrent bombers fly over Sea of Japan

The flight, which lasted for more than eight hours, saw the Russian aircraft being escorted by planes from other countries

Evening Standard

Hundreds protest in London as jailed climate activists’ appeals are heard

Road outside high court blocked in protest at ‘draconian’ sentences given to 16 Just Stop Oil ‘political prisoners’

The Guardian - UK

Shell still reviewing moving listing away from London but not a live discussion

Oil company Shell says is still mulling moving its stock market listing from London to New York but that it wasn't a “live discussion” at the moment

The Independent UK

Small Plane Crash In South Sudan Kills 18 People

Tragic plane crash in South Sudan claims 18 lives, including oil workers. Incident raises safety concerns in the oil industry.

Top News

‘Like dropping a bomb’: why is clean energy leader Uruguay ramping up the search for oil?

The South American country has begun exploration in its Atlantic waters, with experts warning it is endangering livelihoods, marine life and climate goals

The Guardian - UK

North Sea firms to go ahead with Rosebank despite 'unlawful' court ruling

NORTH Sea operators are to press ahead with the development of two major oil and gas fields despite the project being ruled as “unlawful” in a…

The National (Scotland)

Scottish Labour MPs call for UK Government to act on Grangemouth future

FOUR Scottish Labour MPs have called for the investment of public money into converting Grangemouth oil refinery ...

The National (Scotland)

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The Conversation

‘Sustainable’ aviation fuel and other myths about green airport expansion debunked

Environmentalists and locals have resisted a third runway at London’s Heathrow, Europe’s busiest airport, for more than two decades. Today, their efforts took a major setback.

International Business Times

Scottish Court Rules Against Two New North Sea Oil And Gas Fields

A Scottish court on Thursday ruled against the development of two oil and gas fields in the North Sea in a "historic win" for two environmental groups.

Al Jazeera

Russia focuses on seizing Ukraine’s Pokrovsk amid reports of heavy losses

Russia concentrates on Donetsk hoping for a decisive breakthrough, as Ukraine claims Moscow has lost almost 835,000 men.

The Guardian - UK

Rosebank oilfield go-ahead decision ruled unlawful by Edinburgh court

Court says UK government green light for Rosebank and Jackdaw permits does not take into account CO2 emissions

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The National (Scotland)

Legal challenge against major North Sea oil and gas fields successful

A judge has upheld a legal challenge by environmental campaigners against the decision to grant consent to two new oil and gas fields in the North…

Evening Standard

Judge upholds legal challenge against new North Sea oil and gas fields

The decision to grant consent to the Rosebank and Jackdaw oil and gas fields will now be reconsidered, taking into account downstream emissions.

The Independent UK

Plans to drill UK’s largest untapped oilfield thwarted in court

The Conservative-led government approved Shell’s proposals to develop the Jackdaw field in 2022

Barchart

Do Wall Street Analysts Like Exxon Mobil Stock?

Exxon Mobil has lagged behind the broader market over the past year. However, analysts remain bullish about the stock’s prospects.

International Business Times

Shell Annual Profit Drops To $16 Bn As Oil Prices Fall

British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs.

The Guardian - UK

Shell investors in line for multibillion-dollar windfall despite weak profits

A 4% dividend increase alongside share buybacks of $3.5bn for last three months of year awaits shareholders

Evening Standard

Shell raises dividend to shareholders as profit falls amid lower oil prices

The energy major said profits fell after a year of operating in ‘a lower price environment’, amid shrinking margins from its oil refining business.

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