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The Latest Breaking News from Oil

Crude Prices Under Pressure from Global Energy Demand Concerns

July WTI crude oil (CLN23 ) this morning is down -0.23 (-0.32%), and July RBOB gasoline (RBN23 ) is up +3.75 (+1.49%). July Nymex natural gas (NGN23 ) is up +0.024 (+1.07%). Crude oil and gasoline prices this morning are mixed. A stronger dollar today is weighing on crude prices....

Barchart

Carbon capture and storage is ‘no free lunch’, warns climate chief

IPPC chair Hoesung Lee says over-reliance on the technology could mean the world misses 1.5C target

The Guardian - UK

Does Oil and Gas Production Consume Too Much Water?

With water use growing, arid Western states are asking for new regulations.

Capital & Main

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No Surprise as OPEC+ Trims Production

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

Barchart

3 Energy Stocks to Add to Your Watchlist

The energy sector is expected to remain robust amid solid demand and the emergence of new oil and gas ventures. Hence, I think fundamentally strong Energy Transfer (ET), Valero Energy (VLO), and World Fuel Services (INT) could be ideal additions to your watchlist. Keep reading.

StockNews.com

OPEC+ -- No Surprise as the Cartel Trims Production

Barchart

War in Sudan puts South Sudan in danger too: the world’s youngest nation needs a stable neighbour

Twelve years after independence, South Sudan remains extremely poor and underdeveloped. A peace deal brokered in 2018 has failed to end conflict. And the government has failed to engage the people in state reconstruction, leaving the country without genuine and effective institutions of self-government.

The Conversation

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Anas Sarwar says Labour would honour Rosebank licence if granted by Tories

ANAS Sarwar has said plans for the controversial Rosebank oil field would go ahead under a Labour government if they are approved by the Tories.

The National (Scotland)

What is bulletproof coffee? And how can you make it at home

Bulletproof coffee, also known as 'butter coffee' is a caffeinated, high-energy drink to help focus and fullness. I asked baristas for the very best recipes.

Homes & Gardens

COP28 Director-General dismisses criticism of his boss, says summit needs new mindset

There's no conflict of interest between leading the United Nation's next climate change summit in Dubai in December and heading the United Arab Emirates' state oil giant at the same time, COP28 Director General said on Tuesday.

Reuters

Are you cleaning your wooden spoons all wrong? Cleaning experts reveal the best method

It pays to know how to correctly clean and sanitise your wooden utensils

Ideal Home

Keir Starmer warns UK must seize green jobs or risk repeat of coal mining mistakes

The Labour leader said future generations 'will never forgive us' for failing to modernise as he sought to smooth tensions with the GMB union, which has criticised his plans to block new North Sea oil and gas developments

Daily Mirror

We won’t repeat mistakes of coal pit closures with North Sea oil, Keir Starmer says

Labour leader pledges state investment in green jobs to replace fossil fuels

The Independent UK

FTSE 100 Live: US regulator continues to crack down on crypto; FTSE closes at 7628 after late-day climb

Worries over interest rate hikes into an already slowing global economy today held back blue-chip stocks and left oil prices lower.

Evening Standard

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Reuters

Blinken visits Saudi Arabia amid strained ties, Israel normalization in mind

U.S. Secretary of State Antony Blinken arrived in Saudi Arabia on Tuesday on a mission to steady Washington's relationship with Riyadh after years of deepening disagreements on issues ranging from Iran and regional security to oil prices.

The Guardian - UK

Lord Deben backs Labour’s plan to halt new North Sea oil and gas drilling

UK’s most senior climate adviser says policy is ‘right thing to do’ and criticises government’s stance

The National (Scotland)

Hebridean film festival reveals programme with Syrian, tweed, and North Sea oil films

THE full programme has been revealed for this year’s Hebrides International Film Festival (HIFF), which will screen a range of new and archive…

Insider UK

Starmer bids to persuade unions to back green energy plan

The Labour leader's speech will also back the role of trade unions across the economy

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Barchart

Crude Prices Find Support as Saudi Arabia Cuts Crude Production

July WTI crude oil (CLN23 ) on Monday closed up +0.41 (+0.57%), and July RBOB gasoline (RBN23 ) closed up +2.37 (+0.95%). Crude oil and gasoline prices Monday posted moderate gains, with crude climbing to a 1-month high. Crude prices rallied Monday after Saudi Arabia said it would cut its...

The Independent UK

Scottish Labour leader stresses oil and gas will play major part for ‘decades’

Anas Sarwar said a Labour government would not make the ‘same mistakes’ as Margaret Thatcher.

Barchart

Stocks Slip in Afternoon Trade

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.2%. After a morning rally, markets have moved into the...

The Hindu

Eye on oil: on oil prices and India

The softening in crude oil purchase prices has not percolated to the Indian consumer

Al Jazeera

Will fossil fuel phase-out make it onto the UN’s climate agenda?

UN climate chief says while the rapid end of hydrocarbon use is required, the idea may not be discussed at COP28 talks.

Barchart

Crude Prices Jump as Saudi Arabia Cuts Crude Production

July WTI crude oil (CLN23 ) this morning is up +1.19 (+1.66%), and July RBOB gasoline (RBN23 ) is up +4.01 (+1.60%). July Nymex natural gas (NGN23 ) is up +0.121 (+5.57%). Crude oil and gasoline prices this morning are moderately higher, with crude posting a 1-month high. Crude prices...

StockNews.com

3 Energy Stocks Poised for Growth

The energy sector is well-positioned to witness significant growth this year due to the oil price tailwinds from supply cuts. Given this backdrop, quality energy stocks Weatherford International (WFRD), Euronav (EURN), and North European Oil Royalty Trust (NRT), which look poised for growth, could be wise portfolio additions now. Read…

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