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The Latest Breaking News from Oil

How to have a vegan Mexican brunch party

Turn brunch into a fully fledged fiesta with these vegan recipes by Club Mexicana’s Meriel Armitage

The Independent UK

SNP coalition with Greens 'could be destroyed if next FM backslides on North Sea oil and gas'

EXCLUSIVE: Scottish Greens co-leader says any reversal of Nicola Sturgeon's shift away from supporting new fossil fuels projects would be 'a retrograde step'.

Daily Record

Intelligence sharing with Venezuela leaves Colombia vulnerable to spying, ex president says

Former Colombian President Ivan Duque warned on Friday that his successor’s decision to share intelligence information with Venezuela leaves his country vulnerable to espionage from Nicolas Maduro’s socialist regime, and could damage the longstanding cooperation between U.S. and Colombian agencies.

Miami Herald

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Bangchak doubles down on oil and gas

The age of renewable energy, with electric vehicles (EVs) predicted to dominate the transport sector, has not swayed energy conglomerate Bangchak Corporation Plc from the oil and gas business.

Bangkok Post

ConocoPhillips details gas leak cause, remedies at hearing

ConocoPhillips has detailed reasons and remedies following a natural gas leak last year on the North Slope that caused 300 employees to be evacuated

The Independent UK

Venezuela need for dollars helped spark PDVSA graft probe -sources

Venezuela's need for dollars to shore up its exchange rate and enable government largesse ahead of 2024 elections is among the motives for a crackdown on alleged corruption at state oil company PDVSA, four sources with knowledge of the matter said.

Reuters

Crude Closes Moderately Lower on Economic Concerns

May WTI crude oil (CLK23 ) on Friday closed down -0.70 (-1.00%), and May RBOB gasoline (RBJ23 ) closed down -1.23 (-0.48%). Crude oil and gasoline prices Friday closed moderately lower due to ongoing concerns that the banking turmoil could push the global economy into a recession, undercutting energy demand....

Barchart

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How the US could phase out fossil fuels

A new report lists 10 policies to constrain polluting infrastructure and achieve key climate goals

Salon

Why are Soybean and Livestock Prices Tumbling?

Watch my interview today with AgWeb's Michelle Rook, where we discussed the soybean and livestock markets, as well as Russia's export ban, the Fed's recent rate increase, and a variety of commodity related topics.

Barchart

Economic Concerns Undercut Crude Prices

May WTI crude oil (CLK23 ) this morning is down -1.58 (-2.26%), and May RBOB gasoline (RBJ23 ) is down -3.32 (-1.29%). April Nymex natural gas (NGJ23 ) is up +0.046 (+2.14%). Crude oil and gasoline prices this morning are sharply lower due to ongoing concerns that the banking turmoil...

Barchart

UK planning to launch watered down net zero strategy in oil capital Aberdeen

Exclusive: Labour decries ‘climate vandalism’ as Aberdeen launch signals intention to boost fossil fuel industry

The Guardian - UK

Chad nationalizes assets by oil giant Exxon, says government

Chad's government said it was nationalizing all assets from multinational oil giant, Exxon Mobil, including hydrocarbon and exploration permits

The Independent UK

Scotland to earn £260m from floating windfarms powering North Sea rigs

Crown estate leases seabed rights to new projects as oil firms look to replace gas and diesel generators

The Guardian - UK

3D-printing the brain's blood vessels with silicone could improve and personalize neurosurgery – new technique shows how

A new 3D-printing technique using silicone can make accurate models of the blood vessels in your brain, enabling neurosurgeons to train with more realistic simulations before they operate, according to our recently published research.

The Conversation

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Insider UK

13 projects selected to help decarbonise the North Sea

The latest Crown Estate Scotland leasing round has been designed to power oil and gas platforms with renewable energy

Evening Standard

Speed is key to the UK’s race for energy independence

City Voices: The UK has huge energy potential

Reuters

Biden warns Iran after tit-for-tat strikes in Syria

President Joe Biden on Friday warned Iran that the United States would "act forcefully" to protect Americans, after the U.S. military carried out air strikes against Iran-backed forces in retaliation for an attack in Syria.

Insider UK

Capricorn Energy set to cut UK workforce by 75%

Strategic shift to focus on Egyptian oil and gas extraction is likely to hit Edinburgh operations

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news in one place.

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The Independent UK

Asian shares fall on banking turmoil, recession worries

Shares have fallen in Asia as worries over turmoil in the banking sector and the risks of recession overshadowed gains on Wall Street

The Independent UK

Corruption, deep disparity mark Iraq's oil legacy post-2003

Basra province boasts most of Iraq’s oil reserves and is symbolic of the deep disparities that have endured since the 2003 U.S.-led invasion that remade the country's political order

Wales Online

We won't prosecute eco-activist protesters, say top lawyers

Declaration also includes refusal to act for oil and gas interests, and has been labelled 'virtue signalling' by other legal figures

The Independent UK

Official: Willow oil project holds promise, faces obstacles

A state official says the Willow oil project on Alaska’s petroleum-rich North Slope is part of a “new era” of development in the region but isn’t a sure thing

Reuters

Oil and gas activity may have caused Alberta earthquake in 2022 - study

One of the strongest earthquakes in the history of Canada's Alberta was likely caused by the underground disposal of wastewater by the oil industry, researchers at Stanford University and University of Alberta suggested in a study.

StockNews.com

Don't Miss the Momentum on These 4 Energy Stocks

With indications of a more considerate monetary stance from the Fed, energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), Halliburton (HAL), and NexTier Oilfield Solutions (NEX) could be attractive investments to benefit from an expected uptick in energy prices. Continue reading….

Barchart

Crude Erases Early Gains as U.S. Delays Refilling SPR

May WTI crude oil (CLK23 ) on Thursday closed down -0.94 (-1.33%), and May RBOB gasoline (RBJ23 ) closed up +1.27 (+0.49%). Crude oil and gasoline prices Thursday fell back from 1-week highs and settled mixed. A recovery in the dollar Thursday sparked long liquidation in crude futures after the...

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