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The Latest Breaking News from Oil

Niger delta is rich in resources, but environmental destruction is pushing people into poverty

Nigeria’s Niger Delta region is rich in natural resources. Its vast oil and gas deposits are the mainstay of the country’s economy.

The Conversation

Crude Oil Prices Tumble as Middle East Conflict Remains Limited

December WTI crude oil (CLZ23 ) this morning is down -2.91 (-3.40%), and Dec RBOB gasoline (RBZ23 ) is down -7.06 (-3.08%). Crude oil prices this morning are sharply lower Friday as Israel's ground incursion into Gaza has so far been less extensive than expected, easing concerns that the Israeli-Hamas...

Barchart

Met uses new anti-protest powers to arrest climate protesters for first time

Force makes first use of section 7 of Public Order Act to curtail slow march protest outside parliament

The Guardian - UK

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A ferry that ran aground repeatedly off the Swedish coast is leaking oil and is extensively damaged

The Swedish Coast Guard says a ferry boat that ran aground twice off the southeastern coast of Sweden is leaking oil and has suffered “extensive damage.”

The Independent UK

Just Stop Oil protesters arrested at Westminster demonstration

More than 60 people were arrested after members of the activist group laid down and sat on the floor of Parliament Square.

The Independent UK

Announcement of 27 new oil and gas licences is ‘wrong move’ – Yousaf

The chief executive of Offshore Energies UK had described the allocation of the new licences as ‘a great boost for UK energy security’.

The Independent UK

Rishi Sunak accused of ‘climate crime' over new oil and gas licences

Climate activists have accused Rishi Sunak of “pandering” to corporate interests after the announcement of 27 new North Sea

The National (Scotland)

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3 Promising Energy Investments - Buy Today

The energy sector’s outlook looks robust, as surging global demand for oil and natural gas and tight supplies would fuel high energy prices this year and beyond. Given the industry’s bright growth prospects, quality energy stocks Eni (E), Sasol (SSL), and Transportadora (TGS) could be ideal investments now. Keep reading….

StockNews.com

Oil prices could reach 'uncharted waters' if the Israel-Hamas war escalates, the World Bank says

The World Bank says oil prices could be pushed into “uncharted waters” if the violence between Israel and Hamas intensifies

The Independent UK

World Bank warns oil price could soar to record $150 a barrel

Escalation of Israel-Hamas war into Middle East-wide conflict would disrupt oil supplies and stoke food prices, says Bank

The Guardian - UK

Police arrest 62 protesters at Just Stop Oil demonstration in Parliament Square

Police swoop as activists block road outside Houses of Parliament in protest on Monday morning

Evening Standard

First round of new North Sea oil and gas licences announced by UK Government

THE UK Government has announced 27 new licence offers for oil and gas exploration in the North Sea.

The National (Scotland)

Takeaways from the AP's investigation into aging oil ships

An explosion aboard the Trinity Spirit off the coast of Nigeria last year that killed five workers and left two others unaccounted for stands among the deadliest tragedies on an oil ship or platform in recent years

The Independent UK

Deadly explosion off Nigeria points to threat posed by aging oil ships around the world

The Independent UK

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The Independent UK

Just Stop Oil activists to hear judge’s ruling on M25 protests

One activist accused of breaching a court order as a result of climbing on to an M25 gantry is 76-year-old grandmother Gaie Delap, from Bristol.

AAP

Aust shares wobble as investors fear wider Mideast war

The local share market has closed 0.8 per cent lower amid fears the conflict in the oil-rich Middle East could spread to neighbouring countries.

The Independent UK

Training offered to police dealing with journalists reporting at protests

In November 2022, an LBC radio journalist and two others were wrongfully arrested as they tried to report on a Just Stop Oil protest.

The Independent UK

Award of 27 oil and gas licences ‘boost for UK energy security’

An offshore energy trade body welcomed the move but Greenpeace condemned ‘backward-facing policies’.

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The Guardian - AU

Russia-Ukraine war live: Moscow says it has shot down 36 Ukrainian drones – as it happened

Claims drone strike or debris from downed drone has caused fire in oil refinery near Black Sea in Russia

TopTenReviews

Air fryer vs oven: Which cooker is best for your kitchen?

Our expert guide to all the key differences, features, and benefits of air fryers vs ovens

The Guardian - UK

Rishi Sunak to ‘double down’ on anti-green policies in king’s speech

PM will announce a new system for awarding oil and gas exploration licences, and new pro-car legislation, sources say

Barchart

Crude Oil Prices Rally on U.S. Air Strikes and Stepped-Up Israeli Ground Activity

December WTI crude oil (CLZ23 ) Friday closed +2.33 (+2.80%), and Dec RBOB gasoline (RBZ23 ) closed +5.81 (+2.60%). Crude oil prices Friday rallied on Middle East tensions after the U.S. overnight carried out aircraft strikes on two Iranian-backed facilities in Syria. The U.S. strikes were in response to attacks...

Barchart

Crude Oil Prices Rally on Weaker Dollar and U.S. Air Strikes

December WTI crude oil (CLZ23 ) today are up +0.72 (+0.87%), and Dec RBOB gasoline (RBZ23 ) is up +0.0259 (+1.16%). Crude oil prices are higher today on a mildly lower dollar and Middle East tensions after the U.S. overnight carried out aircraft strikes on two Iranian-backed facilities in Syria....

The Conversation

Why young workers are leaving fossil fuel jobs – and what to do if you feel like 'climate quitting'

Are you frustrated with your employer’s lack of commitment to sustainability? Maybe “climate quitting” is for you. Climate quitting means leaving your job due to concerns about your employer’s impact on the climate or because you want to work directly on addressing climate issues.

The Guardian - UK

Rich countries should stop pushing fossil fuels on Africa – don’t we deserve a renewable future too?

Those who caused the climate crisis should help Africa harness its wind and sun, says Vanessa Nakate, a UN Unicef goodwill ambassador climate activist

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