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The Latest Breaking News from Oil

Sugar Prices Slip on Crude Oil Weakness and Expectations for Increased Brazil Sugar Output

May NY world sugar #11 (SBK23 ) on Wednesday closed down -0.14 (-0.53%), and Aug London white sugar #5 (SWQ23 ) closed down -10.00 (-1.42%). Sugar prices Wednesday fell back from 11-year highs and posted moderate losses. A slump of more than -2% in crude oil prices Wednesday sparked long...

Barchart

Wisconsin's only oil refinery to reopen after 2018 explosion

Wisconsin’s only oil refinery is on track to be fully operational in June after a $1.2 billion effort to rebuild the facility five years following an explosion

The Independent UK

3 Bullish Stocks to Keep on Your Watchlist

As uncertainty clouds the Fed’s impending decision next month, investing in fundamentally sound stocks such as BP p.l.c. (BP), Sumco Corp. (SUOPY), and TORM plc (TRMD), exhibiting solid momentum, could be beneficial. Read on….

StockNews.com

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Tories 'let energy giants off hook' as windfall tax raises £2.7 BILLION less than target

Oil and gas firms paid £4.4billion in windfall tax payments in the past year, which is way below the £7.2billion the government had forecast

Daily Mirror

Crude Recovers Early Losses as EIA Crude Inventories Fall More Than Expected

June WTI crude oil (CLM23 ) this morning is up +0.03 (+0.04%), and June RBOB gasoline (RBM23 ) is up +1.18 (+0.46%). May Nymex natural gas (NGK23 ) is down -0.151 (-6.55%). Crude oil and gasoline prices this morning recovered from early losses and are slightly higher after weekly EIA...

Barchart

Stock Market: 4 Reasons to be Bearish on Stocks

With the recent stock market rally, what looked like some relief for the bulls now has bearish observations. For stock price rallies to be sustainable, there must be broad market participation. Perhaps the bear is awakening from its winter hibernation.

Barchart

Replacing methane with hydrogen to heat homes is a bad idea -- here's why

Hydrogen is an energy-rich gas, which releases no carbon emissions when burned. It can be used in most equipment where fossil fuels such as natural gas (methane) or LPG (liquefied petroleum gas) are currently used. In your home, that might mean a gas boiler, heater, cooker or all three.

The Conversation

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Radical SR1 XXR Debuts With Upgraded 199-HP Engine, New Rear Fin

Durability upgrades to the engine include a longer time between oil changes.

Motor1

Sudan's conflict has its roots in three decades of elites fighting over oil and energy

Sudan stands on the brink of yet another civil war sparked by the deadly confrontation between the Sudan Armed Forces of General Abdelfatah El-Burhan and the Rapid Support Forces of Mohamed Hamdan Dagalo (“Hemedti”).

The Conversation

Africa's oceans are being protected to serve the interests of big foreign corporates

Africa’s valuable ocean resources have drawn the interest of foreign nations, particularly those in the West and Asia.

The Conversation

Blow to government’s plan for more oil and gas drilling as High Court grants legal challenge

Climate authorities have repeatedly warned against new drilling for fossil fuels

The Independent UK

Dad given one year to live now 'almost cancer free' after using cannabis oil

Luke Goodwin feels as “right as rain” when he takes the oils, alongside his chemotherapy treatment for stage 4 leiomyosarcoma.

Daily Record

Just Stop Oil block traffic in Westminster for third time this week

Protesters began marching from five locations around Westminster and Lambeth

Evening Standard

Oil Rises as Falling US Inventories Refocus Market on Demand

Oil rose on Wednesday after plunging more than 2% in the previous session as reports of falling US crude oil and fuel inventories refocused investors on robust demand in the world's top oil consumer. Brent crude climbed by 30 cents, or 0.4%, to $81.07 a barrel by 0358 GMT. US…

Asharq Al-Awsat

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France 24

Shaky ceasefire enters second day as Sudanese, foreigners flee

A US-brokered ceasefire between Sudan's warring generals entered its second day Wednesday but remained fragile after witnesses reported fresh air strikes and paramilitaries claimed to have seized a major oil refinery. As combat eased, foreign governments organised civilian evacuations. Around 245 French and foreign nationals evacuated from Sudan landed in…

The Hindu

Fair price shops in T.N. likely to begin selling cooking gas cylinders

The Tamil Nadu Civil Supplies Department is mulling over a proposal to make available, cooking gas cylinders at fair price shops. The Department already sells 5kg and 10kg free trade licence (FTL) cylinders belonging to the three State-run oil marketing companies (OMCs) through its supermarkets, including Tamil Nadu Urban Cooperative…

ABC News

ASX slips as inflation slows, Wall Street sinks on recession fears as First Republic Bank plunges 49pc

The Australian share market closed slighlty lower after the latest ABS figures showed that inflation fell from its December quarter peak, while Wall Street suffered its biggest falls in a month as fears of a banking crisis resurfaced, leading to shares of First Republic Bank plunging 49 per cent overnight.

Barchart

Crude Prices Move Lower on Dollar Strength and Economic Concerns

June WTI crude oil (CLM23 ) on Tuesday closed down -1.69 (-2.15%), and June RBOB gasoline (RBM23 ) closed down -5.17 (-1.98%). Crude oil and gasoline prices Tuesday retreated, with crude falling to a 3-week low. Dollar strength Tuesday pressured energy prices. Also, concern that a slowdown in the global...

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ABC News

Tax shield on super gas profits leaves Australians looking like 'chumps', economist says

It was once described as world-leading, but calls are growing louder for changes to Australia's super gas profits tax amid claims it is collecting "beer nuts".

The Hindu

Cricket shouldn’t float on barrels of oil at a time of climate crisis

The Conversation

Global economic uncertainty means oil prices -- and your fuel bill -- will continue to surprise this year

Oil prices have confounded expectations in the first quarter of 2023. Brent – a major global benchmark – hit a low of US$72 (£58) a barrel on March 17, while the world’s other main benchmark, WTI, dropped to less than US$66 a barrel. This is a far cry from the…

The Independent UK

Swiss indict 2 managers of Saudi oil company in 1MDB scandal

Swiss prosecutors say they have indicted two managers of a Saudi oil exploration company as part of a yearslong international investigation of a Malaysian sovereign wealth fund

Barchart

Crude Oil Prices Retreat on Dollar Strength and Economic Concerns

June WTI crude oil (CLM23 ) this morning is down -1.73 (-2.20%), and June RBOB gasoline (RBM23 ) is down -5.97 (-2.29%). May Nymex natural gas (NGK23 ) is down -0.043 (-1.89%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 3-week low. Dollar...

Real Homes

Reed diffuser vs oil diffuser — what’s the difference and which is best?

Discover the differences between a reed and oil diffuser, plus advice on which is one for you

The Guardian - UK

Tory former net zero tsar calls for halt to Rosebank North Sea oil project

MP Chris Skidmore says approval would undermine UK’s efforts to tackle climate crisis and its claims to leadership on world stage

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