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The Latest Breaking News from Oil

Crisis Ripples: Oil prices climb amid Middle East turmoil

Join the global market chatter as oil prices tiptoe higher amidst the ongoing Middle East crisis and ongoing deliberations over OPEC's supply decisions.

Top News

‘Everybody’s going to be green again with inflation back down’: Ex–Goldman commodities guru says environmentalists ‘unwilling to pay for their politics’

Oil prices fell over the past two years as governments shifted away from green policies, but that may be coming to an end, according to Jeff Currie.

Fortune

Crude Closes Sharply Lower as Saudi Price Cuts Signal Weak Energy Demand

February WTI crude oil (CLG24 ) on Monday closed down -3.04 (-4.12%), and Feb RBOB gasoline (RBG24 ) closed down -7.77 (-3.69%). Crude oil and gasoline prices on Monday sold off sharply, with gasoline falling to a 3-1/2 week low. Concern that global oil demand is worsening is undercutting crude...

Barchart

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CEO Scoops Up $4.5M of This Russell 2000 Energy Stock

This small-cap energy stock with Permian Basin exposure just scored a major investment from its top executive. Here's a closer look at insider buying on this oil and gas name, and whether investors should follow suit.

Barchart

Why Pittsburgh Has ‘the Most Extreme Embrace’ of Fossil Fuel Lobbyists, Per Report

Powerful lobbyists represent both oil and gas interests and environmental groups.

Capital & Main

Crusading lawyer Steven Donziger on his 993 days of house arrest amid battle with oil companies

Horrified by the effects of toxic waste in the Amazon, the Harvard-educated lawyer has spent decades fighting the companies he holds responsible. But amid accusation and counter-accusation, he tells Kevin E G Perry about the personal price he has had to pay

The Independent UK

Crude Plunges as Saudi Price Cuts Signal Weak Energy Demand

February WTI crude oil (CLG24 ) this morning is down -3.31 (-4.48%), and Feb RBOB gasoline (RBG24 ) is down -7.30 (-3.47%). Crude oil and gasoline prices this morning are sharply lower, with gasoline falling to a 3-1/2 week low. Concern that global oil demand is worsening is undercutting crude...

Barchart

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DeWalt 20V MAX XR DCCS620P1 Battery Chainsaw review

The DeWalt 20V MAX XR DCCS620P1 is a battery-powered chainsaw for small jobs around the house - here's how our reviewer got to grips with it.

TopTenReviews

By-election triggered by Chris Skidmore as Tory climate rebel quits parliament

Resigning MP accuses Rishi Sunak of ruining UK’s reputation by ‘playing short-term’ politics

The Independent UK

Factchecked: the UK government’s claims about North Sea oil and gas

Rishi Sunak says the policy shift towards fossil fuels will lower bills and is backed by independent advisers. Is he right?

The Guardian - UK

Ex energy minister Chris Skidmore formally resigns ahead of oil and gas license vote

FORMER Tory minister Chris Skidmore has formally submitted his resignation as an MP in protest over plans to “prioritise and politicise new oil…

The National (Scotland)

SNP confirm support for continued use of fossil fuels

THE SNP have confirmed their support for the continued use of fossil fuels – saying oil and gas remain necessary in efforts to reach net zero…

The National (Scotland)

How to make DIY linen spray – 6 steps from experts

Making a DIY linen spray is a cost-effective, customizable, and eco-friendly approach to refreshing your linens and keeping your home fragrant.

Homes & Gardens

New North Sea oil projects insignificant for UK energy independence, says non-profit

Government’s claim of bolstering UK’s energy security through new licenses ‘doesn’t stand up to scrutiny,’ research says

The Independent UK

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The Independent UK

How to keep plant-based dinners interesting this Veganuary

Whether you’re new to Veganuary or a die-hard plant-based eater, it’s easy to get fatigued by the humdrum of the dinner routine. Gousto chef Sophie Nahmad is here to help with five tips to keep vegan dinner interesting

The National (Scotland)

Former Tory minister blasts Rishi Sunak's North Sea plans as 'smoke and mirrors'

A FORMER Tory cabinet minister has said Rishi Sunak’s plans to maximise North Sea oil and gas production give the impression he is “not…

Evening Standard

Senior Tory MP and ex-Cop president Alok Sharma slams Government's North Sea oil and gas Bill

Sir Alok claimed the legislation shows ministers are not serious about meeting international commitments on tackling climate change

The Independent UK

Alok Sharma attacks Rishi Sunak’s ‘smoke and mirrors’ oil bill

Ex-cabinet member accuses PM of ‘chopping and changing’ and says drilling legislation achieves nothing

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The Guardian - UK

Morgan Stanley and Allen & Overy helping oligarch’s efforts to seize Russian oil firm

Exclusive: Sergey Kolesnikov has supplied building materials to Russian military and for use in occupied Ukraine

The Guardian - UK

Government has ‘devised options’ to deal with outstanding Horizon convictions in Post Office scandal, minister says – as it happened

Government hopes to soon be able to announce measures for resolving outstanding criminal convictions, business minister Kevin Hollinrake says

Top News

Saudis Slash Prices, Global Oil Drops Over 1%

Global oil prices take a hit, dropping over 1% as Saudi Arabia's price cuts overshadow concerns in the Middle East. A rollercoaster ride for energy markets.

The Guardian - UK

Alok Sharma: I won’t back UK government’s oil and gas bill

Former Cop26 chair says bill reinforces ‘unfortunate perception about UK rowing back from climate action’

The Guardian - UK

Boeing shares fall 9% after mid-flight Alaska Airlines accident involving 737 Max 9 – as it happened

Rolling coverage of the latest economic and financial news, as Boeing shares fall after 171 of its 737 Max 9 aircraft are grounded by US regulators

The Guardian - UK

Cop29 host Azerbaijan to hike gas output by a third over next decade

Environmentalists condemn news of higher forecast production which is also seen as a conservative forecast

The National (Scotland)

New North Sea oil licences 'make no real difference' to energy prices

OIL from new licences granted to North Sea producers and sent to UK refineries would account for less than 1 of the fuels used here in 2030,…

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