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The Latest Breaking News from Oil

South Sudan’s leader discusses closer ties in energy, trade with Russian President Putin

Visiting South Sudan President Salva Kiir has agreed in a meeting with Russia’s president to expand their relationship in energy, trade and other areas, notably oil

The Independent UK

Fossil fuel rules catch Western towns between old economies and new green goals

The Biden administration is trying to dramatically change how and where oil and gas drilling occurs on federal land, which is getting mixed reviews in longtime drilling boom-towns.

WEKU

With Oil Soaring, My Under $10 Stock of the Week

The number of oil rigs in the U.S. and Canada has decreased by 170 over the past year. International oil suppliers are cutting output. This opens the door to small oil and gas exploration and development companies like Baytex Energy (BTE).

StockNews.com

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‘Our State Our Taste’ cooking competition comes to Vellore and Tiruvannamalai

Vellore & Tiruvannamalai host 5th week of "Our State Our Taste" Season 4. 25 cities across TN compete for grand prize of ₹1 lakh. Home chefs bring signature dishes made with Gold Winner oil. Regional winners receive products from Gold Winner & partners. The Hindu Group, Gold Winner, Butterfly, RKG…

The Hindu

Weak U.S. Economic News Sparks Long Liquidation in Crude

November WTI crude oil (CLX23 ) on Thursday closed down -1.97 (-2.10%), and Nov RBOB gasoline (RBX23 ) closed down -8.39 (-3.29%). Nov WTI crude oil and gasoline prices on Thursday closed moderately lower, with crude prices falling back from a 13-month high. Thursday’s weaker-than-expected U.S. economic news on Q2...

Barchart

Deutsche Bank studied 34 past U.S. recessions to identify key warning signs and found that all 4 are flashing red right now

Based on a study of the U.S. economy since 1854, Deutsche Bank created “hit ratios” that show how often key macroeconomic triggers have caused recessions.

Fortune

Oil prices edge higher as global demand reignites inflation worries

Brent crude oil surpassed $97 per barrel on Thursday, edging toward the 100 dollar mark which was last hit more than a year ago

The Independent UK

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Just Stop Oil protesters found guilty of aggravated trespass over Lord’s stunt

England player Jonny Bairstow carried Daniel Knorr off the pitch.

The Independent UK

Crude Prices Fall Back on Weaker-Than-Expected U.S. Economic News

November WTI crude oil (CLX23 ) this morning is down -0.60 (-0.64%), and Nov RBOB gasoline (RBX23 ) is down -0.307 (-1.20%). Nov WTI crude oil and gasoline prices this morning are moderately lower, with crude prices falling back from a 13-month high. Weaker-than-expected U.S. economic news today sparked energy...

Barchart

Europe’s olive oil supply running out after drought – and the odd hailstorm

Heatwaves around Mediterranean have damaged harvests and forced producers to import from South America

The Guardian - UK

Chart of the Day: Imperial Oil - Oil is Still King

The Chart of the Day belongs to the oil & gas company Imperial Oil (IMO) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used...

Barchart

The 2 immovable forces behind $100-per-barrel oil

Oil prices are expected to near that threshold into next summer.

Fortune

Meta jumps on AI bandwagon with new chatbots for Instagram, WhatsApp and Facebook

Meta CEO Mark Zuckerberg announced the launch of new AI-powered assistants on its various platforms on Wednesday, in a bid to keep up in the race to produce more accurate and personalised artificial intelligence. The chatbots will be able to answer users' questions thanks to a partnership with Microsoft's Bing.…

France 24

FTSE 100 Live: Miners rise, Barratt and Ocado fall, index ends day up, oil price dips back below $95

Blue-chip shares rebounded from an early fall today as oil prices eased, having approached $100 a barrel early this morning.

Evening Standard

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Homes & Gardens

How to get rid of mosquitoes inside the house naturally – 7 non-toxic essentials to protect your home from the risk of disease

Banish these pesky biters using non-toxic natural solutions for a more comfortable summer

Evening Standard

Oil prices jump again leading to energy cost fears

OIL prices jumped to near year highs today, prompting talk that inflation could return and already hard-pressed motorists could be squeezed yet further.

The Independent UK

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia's war

Restrictions on food exports are spilling over from rice and wheat to other essentials

The Guardian - AU

‘Playing the China card’ or a serious regional threat? Timor-Leste’s new deal with Beijing

The upgrading of ties with Beijing caught regional leaders by surprise, but experts say it could be a strategy to secure investment from Australia

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The Independent UK

ExxonMobil loses bid to truck millions of gallons of crude oil through central California

ExxonMobil has lost a court bid to truck millions of gallons of crude oil through central California — a crucial part of its efforts to restart offshore oil wells that were shut in 2015 after a pipeline leak caused the worst coastal spill in 25 years

The Guardian - AU

The Reserve Bank shouldn’t be spooked by Australia’s imported inflation

If you look at what’s increased most in price over the past year, such as petrol, there is little that higher interest rates would change

Zenger

Guyana’s Economy Set To Double In Size, Driven By Booming Oil Industry

Fastest-growing nation poised for explosive growth as oil production surges and non-oil sectors see investments

Fortune

The economist who’s been predicting a recession for 18 months says the ‘litmus test’ is finally here, especially with oil headed toward $100 a barrel

David Rosenberg said the current situation with the economy is like trying to cancel winter just because it didn’t snow in December. “It hasn’t materialized, dot dot dot, yet.”

Barchart

Don't Miss This Top-Rated Oil Stock Under $10

This Canadian energy stock has a smart hedging strategy to manage commodity volatility - and could be looking at a serious gusher in free cash flow next year if oil prices stay elevated. Here's what you need to know about this low-priced oil stock.

France 24

Britain approves controversial Rosebank oil field

Britain has given the go-ahead to the development of Rosebank in the North Sea. Located 130 kilometres northwest of the Shetland Islands, it's the largest untapped oil field in the UK and is estimated to contain up to 300 million barrels of crude. The government argues Rosebank will help bolster…

Barchart

Crude Prices Rally Sharply as U.S. Inventories Tighten

November WTI crude oil (CLX23 ) on Wednesday closed up +3.29 (+3.64%), and Nov RBOB gasoline (RBX23 ) closed up +3.354 (+1.33%). Nov WTI crude oil and gasoline prices Wednesday rallied sharply, with crude climbing to a 13-month high. Crude prices continue to push higher on concern that global oil...

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