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The Latest Breaking News from Oil

Oil Giant Aramco To Offer Shares Worth Over $10 Bn On Saudi Bourse

Oil giant Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion in one of the biggest such offerings in recent years.

International Business Times

Economic Concerns Undercut Crude Prices

July WTI crude oil (CLN24 ) Thursday closed down -1.32 (-1.67%), and July RBOB gasoline (RBN24 ) closed down -5.64 (-2.29%). Crude oil and gasoline prices Thursday closed moderately lower. Concern that interest rates will stay higher for longer sparked risk-off sentiment in financial assets on Thursday and undercut crude...

Barchart

No need for countries to issue new oil, gas or coal licences, study finds

Researchers say world has enough fossil fuel projects planned to meet demand forecasts to 2050 if net zero is reached

The Guardian - UK

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Texas Has ‘the Most Aggressive’ Well-Plugging Program in the U.S. So Why Is Its To-Do List So Long?

No state has punched more holes in its bedrock than the Lone Star State. The environmental risks are staggering, and so are the clean up costs

Capital & Main

Crude Prices Weighed Down by Energy Demand Concerns

July WTI crude oil (CLN24 ) today is down -0.80 (-1.01%), and July RBOB gasoline (RBN24 ) is down -3.53 (-1.44%). Crude oil and gasoline prices today are moderately lower. Concern that interest rates will stay higher for longer have sparked risk-off sentiment in financial assets and are undercutting crude...

Barchart

US Democrats Call For Criminal Probe Into Big Oil Price-fixing

Senate Majority Leader Chuck Schumer and nearly two dozen Democrats called on the Justice Department Thursday to investigate the oil and gas industry over allegations of price-fixing.

International Business Times

'It's not the most glamourous setting': Still Wakes the Deep's developers discuss why the oil rig setting works so well

It's a big rig out there.

PC Gamer

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I played Still Wakes the Deep and it feels like Outlast with a Lovecraftian twist, all set on an oil rig that's trying to kill me

Preview | The Chinese Room melds gritty domestic drama with hide-and-seek terrors to build "experiential narrative horror" in Still Wakes the Deep

GamesRadar

Orangutan diplomacy: why Malaysia’s scheme is attracting criticism before it starts

Malaysia plans to gift orangutans to major economic partners, as a way of improving its international image and building alliances. The “orangutan diplomacy” plan was confirmed by the nation’s plantation and commodities minister, Johari Abdul Ghani, at a biodiversity conference in early May.

The Conversation

Senate Democrats Call For DOJ Action Against Oil Collusion

Senate Democrats push for DOJ probe into alleged oil industry collusion and price-fixing, citing FTC findings and concerns over increased fuel costs. Repub...

Top News

Rupee rebounds to settle 9 paise higher at 83.31 against US dollar

The rupee recovered 9 paise to settle at 83.31 (provisional) against the US dollar on Thursday on the back of softening American currency as well as crude oil prices in the overseas market. Read further on Dynamite News:

Dynamite News

How to get rid of carpenter bees: 7 deterrents for your home or yard

Carpenter bees make their homes by drilling into the wood around your home and yard, but we've found 7 humane deterrents

Tom’s Guide

We Tried 20 Of MCoBeauty’s New Products To Find Out Which Dupes Are Better Than The Original

And you won't believe the results.

Pedestrian.tv

The oil and gas industry has been lying about global warming for decades — accountability is long overdue

The science is clear: the planet is warming at an alarming rate and we need to reduce global greenhouse gas emissions.

The Conversation

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The Independent UK

Wildfire near Canada's oil sands hub under control, Alberta officials say

Alberta officials say a wildfire in western Canada that forced thousands of residents from their homes in the oil sands hub of Fort McMurray earlier this month is now under control

Kiplinger

Stock Market Today: Dow Dives 411 Points as UnitedHealth Slumps

The main indexes pulled back Wednesday with health insurer UnitedHealth creating the biggest drag on the blue chip Dow.

Barchart

Crude Closes Lower on Dollar Strength and Weak Stocks

July WTI crude oil (CLN24 ) Wednesday closed down -0.60 (-0.75%), and July RBOB gasoline (RBN24 ) closed down -4.19 (-1.67%). Crude oil and gasoline prices Wednesday gave up an early advance and turned lower, with crude falling from a 1-month high. A stronger dollar on Wednesday weighed on energy...

Fortune

As the EV market cools, the oil industry scorches with $250 billion in high-stakes deals and mass consolidation—'the bigger the company is, the more money they make'

What’s causing the industry’s merger surge? “The Permian Basin, the Permian Basin, and the Permian Basin,” says one CEO.

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news in one place.

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The Guardian - US

ExxonMobil and Chevron gather investors after latest big oil mega deal

Energy giants hold annual meetings as ConocoPhillips announces plan to buy Marathon Oil in $17.1bn deal

The Independent UK

Perfectly crispy air fryer French fries recipe

Discover how to make the perfect crispy French fries in your air fryer. This easy and healthier recipe will give you delicious fries every time, with less oil and more crunch

Barchart

Crude Oil Slips Today on Dollar Strength and Weak Stocks

July WTI crude oil (CLN24 ) today is down -0.26 (-0.33%), and July RBOB gasoline (RBN24 ) is down -3.43 (-1.37%). Crude oil and gasoline prices today gave up an early advance and turned lower, with crude falling from a 1-month high. A stronger dollar today is undercutting energy prices....

International Business Times

ConocoPhillips To Buy Marathon For $22.5 Bn In Latest Big Oil Deal

US energy giant ConocoPhillips announced Wednesday that it is acquiring competitor Marathon Oil for $22.5 billion in the latest big petroleum merger consummated in spite of rising concerns about climate change.

Kiplinger

ConocoPhillips To Buy Marathon Oil: What To Know

If ConocoPhillips' bid for Marathon Oil goes through, it will bring together two of the world's largest exploration and production companies.

Top News

Conocophillips To Acquire Marathon Oil In .1 Billion Deal

ConocoPhillips acquires Marathon Oil in a .1 billion deal to strengthen U.S. onshore portfolio amidst rising energy prices.

The Independent UK

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits

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