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The Latest Breaking News from Oil

Have Oil Prices Peaked or is This a Temporary Dip?

While the U.S. and Europe continue to favor alternative and renewable fuels, crude oil remains the energy commodity that powers the world. After reaching a low in May 2023, crude oil has moved significantly higher to over $95 per barrel at the most recent high.

Barchart

Energy Select Sector SPDR ETF (XLE) and iShares U.S. Energy ETF (IYE): Do These Energy ETFs Deserve Your Investment?

Tight supplies amid extended output cuts by Saudi and Russia and soaring oil demand worldwide are expected to feed into higher oil and gas prices this year and beyond. Amid this backdrop, let’s find out if energy ETFs Energy Select Sector SPDR ETF (XLE) and iShares U.S. Energy ETF (IYE)…

StockNews.com

Dutch politician who worked for Shell poised to become EU climate chief

MEPs to vote on appointment of Wopke Hoekstra after his endorsement by environment committee

The Guardian - UK

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UK universities take £40m in fossil fuel funding since 2022

FoI requests show Shell and BP among firms giving funds to institutions which have pledged to divest

The Guardian - UK

Out of gas? Egypt’s ambitions to become a regional gas hub are dwindling

Egypt’s regional gas hub ambitions are in jeopardy – but is that temporary or a more structural issue?

Al Jazeera

Philippine fishers killed after collision with suspected oil tanker in South China Sea

President Ferdinand Marcos said the incident in waters off Scarborough Shoal was under investigation, but urged people to refrain from ‘speculation’

The Guardian - UK

UK cost of diesel soars as RAC says petrol is ‘overpriced by about 7p a litre’

Diesel up by more than 8p to 163p in September and petrol by 4.5p to 152p amid global oil production cuts

The Guardian - UK

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Crude Posts Moderate Gains on Tight Global Supplies

November WTI crude oil (CLX23 ) on Tuesday closed up +0.41 (+0.46%), and Nov RBOB gasoline (RBX23 ) closed down -5.21 (-2.16%). Nov WTI crude oil and gasoline prices on Tuesday settled mixed, with gasoline falling to a 5-month low. Tuesday's rally in the dollar index (DXY00 ) to a...

Barchart

3 Dividend Energy Stocks to Scoop Up Now

Oil prices are rising again, and OPEC+ is forecasting healthy demand going forward. Here are three top-performing energy stocks with attractive dividend yields to bolster your portfolio as the stock market stumbles into the fourth quarter.

Barchart

3 Energy Stocks You Should Start Investing in This Week

Recent oil production cuts and dwindling inventories are pushing oil prices to multi-month highs. As a result, investors could benefit from investing in fundamentally strong energy stocks PBF Energy (PBF), Energy Transfer (ET), and Shell plc (SHEL) this week. Read on….

StockNews.com

Crude Moves Higher on Tight Global Supplies

November WTI crude oil (CLX23 ) this morning is up +0.78 (+0.88%), and Nov RBOB gasoline (RBX23 ) is down -4.96 (-2.06%). Nov WTI crude oil and gasoline prices this morning are mixed, with gasoline falling to a 5-month low. Today's rally in the dollar index to a 10-1/4 month...

Barchart

These 2 Stocks are Both Clean and Green

Recession is imminent, no recession on the horizon, a soft landing…or small recession…has been the constant and contradictory litany flowing from Wall Street the past year. The combination of interest rates and oil both spiking recently certainly lends credence to some form of recession in 2024. Stocks that have some…

StockNews.com

Springtime rice with spiced tomato paste: Alice Zaslavsky’s veg-powered midweek meal

The cookbook author’s recipe – a global take on a Georgian classic – uses broken rice to achieve a creamy risotto-like consistency, with bright, seasonal vegetables

The Guardian - AU

A blast at an illegal oil refinery site kills at least 15 in Nigeria, residents say

Residents say an explosion and fire at at an illegal oil refinery site in Nigeria’s Niger Delta region has killed at least 15 people

The Independent UK

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The Times of India

Anil Agarwal’s plan to overhaul Vedanta gets cautious shareholder welcome

Shares of Anil Agarwal’s Vedanta Ltd rose Tuesday, the first trading day after the Indian tycoon announced an overhaul of his sprawling metals-to-oil empire, despite lingering concerns over the group’s multibillion dollar debt burden.

Barchart

Crude Prices Close Moderately Lower on Dollar Strength

November WTI crude oil (CLX23 ) on Monday closed down -1.97 (-2.17%), and Nov RBOB gasoline (RBX23 ) closed up +1.27 (+0.53%). Nov WTI crude oil and gasoline prices on Monday settled mixed. Monday's rally in the dollar index to a 10-month high was bearish for energy prices. Crude prices...

The Guardian - US

Khashoggi was killed five years ago. Thanks to Trump and Biden, Saudi Arabia is stronger than ever

After the murder of Jamal Khashoggi, the US vowed to hold Saudi Arabia accountable. Biden has done the opposite

Barchart

Crude Slips on Dollar Strength

November WTI crude oil (CLX23 ) this morning is down -1.39 (-1.43%), and Nov RBOB gasoline (RBX23 ) is up +1.41 (+0.59%). Nov WTI crude oil and gasoline prices this morning are mixed. Today's rally in the dollar index to a 10-month high is bearish for energy prices. However, today's...

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The Conversation

Rosebank shows the UK's offshore oil regulator no longer serves the public good

In a four-line statement announcing the approval of the new Rosebank oil field 80 miles west of Shetland, the UK’s offshore oil and gas regulator showed its mission no longer serves the public good.

The Conversation

Nigeria's new blue economy ministry could harness marine resources - moving the focus away from oil

Nigeria’s President Bola Ahmed Tinubu announced a new ministerial portfolio in August: Marine and Blue Economy. This was welcome news as it renewed hope for economic development outside the oil sector. We asked marine sustainability and blue economy expert Isa Olalekan Elegbede to explain how the ministry could benefit Nigeria.

Radio France Internationale

Environmental groups sue TotalEnergies over 'devastating' East Africa oil pipeline

Four environmental groups have filed a law suit against the French group TotalEnergies and its EACOP oil project in Tanzania and Uganda. They maintain that it threatens the region's fragile ecosystem and the people who live there.

StockNews.com

3 Energy Stock Investments Beating Exxon Mobil (XOM)

Considering the burgeoning crude oil prices, the energy sector has considerable potential for significant expansion this year. Given this backdrop, quality energy stocks TotalEnergies SE (TTE), Marathon Petroleum Corporation (MPC), and Valero Energy Corporation (VLO), which are outpacing Exxon Mobil (XOM), could be wise portfolio additions now. Read on….

The Guardian - UK

Slow route to net zero will worsen global climate crisis, IPCC chief warns

Even if the 2050 goal is still met, postponing action – as the UK has done – will cause more heat and damage

The National (Scotland)

Kay Burley labels Scotland 'a region' ... and Douglas Ross keeps quiet

DOUGLAS Ross has been criticised for remaining silent when a news presenter described Scotland as a “region” at the Conservative party…

The Guardian - UK

Autumn vegetable galette recipe by Tarunima Sinha

Adapted from the chapatti, this spiced pastry makes a savoury breakfast with a difference

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