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The Latest Breaking News from Oil

UN chief urges wealthy countries to beat fossil fuel ‘addiction’ amid expansions

Secretary general said wealthiest countries are ‘signing away our future’ with more production and called for phase-out of fossil fuels

The Guardian - US

Crude Oil Prices See Support from Positive US GDP Report

Sep WTI crude oil (CLU24 ) today is up +0.06 (+0.06%), and Sep RBOB gasoline (RBU24 ) is down -0.0093 (-0.38%). Crude oil prices are seeing support from today mildly stronger-than-expected US Q2 GDP report of +2.8% versus expectations of +2.0%. Oil prices are also seeing carry-over support from Wednesday's...

Barchart

Goldman Sachs Predicts Continued Growth In US Oil Production

Learn about the projected growth and challenges in the US oil production industry, driven by factors such as drilling efficiency, aging wells, and geopolit...

Top News

Philippine oil tanker sinks in Manila Bay, raising concerns about a possible major spill

A Philippine oil tanker has sunk in Manila Bay after encountering huge waves, and the coast guard is working to determine whether the vessel is leaking oil — in what could be a major spill — after it rescued 16 of 17 crew members in a nighttime operation

The Independent UK

Just Stop Oil tactics are 'disastrous' and bad for fight to save planet, says Net Zero Secretary Ed Miliband

He instead urged environmentalists to help to build a broader coalition for the battle against climate change

Evening Standard

Philippines races to contain oil spill after tanker capsizes in Manila Bay

Fears grow of a large oil spill after tanker carrying 1.4 million litres of fuel capsizes off the coast of Manila.

Al Jazeera

Philippine Tanker Carrying 1.4 Mln Litres Of Oil Capsizes Off Manila

A Philippine-flagged tanker carrying 1.4 million litres of industrial fuel oil capsized and sank off Manila on Thursday, authorities said, as they raced to contain a spill.

International Business Times

Oil tanker capsizes off Manila, risks causing 'biggest spill' in Philippine history

Authorities in the Philippines were racing on Thursday to contain a spill from a tanker carrying 1.4 million litres of industrial fuel oil that capsized and sank earlier in the day. If all the oil in the tanker were to leak, coast guard spokesman Rear Admiral Armando Balilo warned at…

France 24

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AAP

China food giant sued for Aussie wheat-market meddling

Australia's corporate watchdog has taken a Chinese state-owned food processor to court over accusations it manipulated the market for wheat prices.

The Guardian - UK

‘Oil Kills’ protesters disrupt flights at airports across Europe in wave of action

Ten activists arrested at Heathrow, over 30 flights cancelled at Cologne-Bonn, and planes delayed or diverted

The Conversation

Why courts favour cars, not the climate

For planning to block a motorway encircling London, five Just Stop Oil activists were recently sentenced to a minimum of four years in prison.

StockNews.com

3 Energy Stocks to Buy for Dividends and Growth

Robust global energy production and consumption backed by solid demand and rising prices strengthens the future outlook of energy market. Hence, buying fundamentally solid energy stocks Baker Hughes Company (BKR), Cenovus Energy Inc. (CVE), and Energy Transfer LP (ET) could be ideal for growth. Read more.

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news in one place.

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Barchart

Crude Oil Prices Rally on Bullish EIA Inventory Report and Russia's Promise of Additional Production Cuts

Sep WTI crude oil (CLU24 ) today is up +0.80 (+1.04%), and Sep RBOB gasoline (RBU24 ) is up +0.0384 (+1.62%). Crude oil and gasoline prices today are higher on a bullish weekly EIA report. The energy markets have been to shake off today's sharp sell-off in US stocks and...

Homes & Gardens

Should I boil my clothes to clean them? Laundry experts share their thoughts

Get the lowdown on your laundry: Here's what you need to know about boiling your clothes

The Guardian - US

‘This used to be a beautiful place’: how the US became the world’s biggest fossil fuel state

No country has ever in history produced as much oil and gas as the US does now and Louisiana is ground zero

The Independent UK

Nine Just Stop Oil activists arrested at Heathrow airport ahead of planned disruption

Met Police officers arrested the group near a barbed wire fence close to passenger planes

The Guardian - UK

It’s easy to blame petrostates – but self-proclaimed ‘climate leaders’ like the US and UK are driving the crisis

In thrall to the oil and gas industries, wealthy nations are backing calamitous projects. But the tide is turning, says Tessa Khan of the climate action organisation Uplift

The Guardian - UK

‘Inexcusable’: should climate hypocrites get the petrostates label?

Suggestions definition of petrostate is too narrow as many rich countries that could phase out fossil fuels double down

The Guardian - US

Revealed: wealthy western countries lead in global oil and gas expansion

The US and the UK among countries with low dependence on fossil fuels criticized for ‘hypocrisy’ on climate pledges

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