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The Latest Breaking News from Oil

Angola is leaving OPEC oil cartel after 16 years after dispute over production cuts

Angola says it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year

The Independent UK

CPCL to pay ₹7.5 crore compensation for oil spill in Ennore

The Tamil Nadu government has fixed a total of ₹8.68 crore as relief fund for families and boats that were affected by the oil spill from industries, in Ennore during Cyclone Michaung.

The Hindu

Angola's Shocking Departure: Bidding Farewell to OPEC

Angola takes an audacious step towards energy independence as it announces its departure from OPEC, signaling a bold new era for the African nation.

Top News

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Queensland to ban new oil and gas drilling in Lake Eyre basin rivers and floodplains

Steven Miles has delivered on two of the environment movement’s most pressing concerns within a week of being sworn-in as premier

The Guardian - AU

Angola To Quit OPEC Over Oil Production Quotas Disagreement

Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel's decision last month to further slash output next year.

International Business Times

We've got this covered: a year of Evening Standard front pages

From Rupert Murdoch stroking a rabid fox to our very own cover being spoiled by Just Stop Oil’s orange attacks, we look at our favourite front covers of the year at the Evening Standard

Evening Standard

3 A-Rated Oil & Gas Stocks to Buy for December

The energy sector is capitalizing on a robust demand, augmented by an escalation in domestic gas utilization. Therefore, quality oil and gas stocks Martin Midstream Partners L.P. (MMLP), CrossAmerica Partners LP (CAPL), and Star Group, L.P. (SGU) could be solid buys for December. Also, these stocks are A-rated (Strong Buy)…

StockNews.com

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Stanley Tucci cooking pasta is Instagram gold — here are 5 chef-recommended picks for your best bowl yet

Stanley Tucci cooking pasta is Instagram gold, so we asked chefs what we need to elevate our pasta dishes to Stanley level

Real Homes

10 limited spirits to treat yourself with for an outrageous NYE

From single cask bottlings to collaborations, there are some very limited spirits for you to add to your wishlist quick smart. Millie Milliken names her favourites

Evening Standard

Gushing Stocks Burst Oil's Winning Bubble

Buckle up, oil enthusiasts! The glorious winning streak might soon come to an end as US stock builds cast a shadow over the black gold's future. Stay tuned...

Top News

Oil companies losing optimism, Dallas Fed survey reveals downturn

Oil companies in the USA are feeling less optimistic, according to a survey conducted by the Dallas Fed. Find out why their outlook is faltering.

The Hindu

Ennore Creek emergency oil spill recovery work completed

Oil recovery & mitigation work in Ennore Creek area completed; 900 people, including local fishermen, involved in cleaning oil ingress in mangroves.

Barchart

This High-Yield Energy Stock Has 33% Upside Potential

This oil and gas stock offers a double-digit percentage yield, and Wall Street expects significant upside from the shares over the next year. Here's a closer look at this top-rated MLP, and what analysts are anticipating in 2024.

Barchart

Crude Rises as Red Sea Worries Overshadow a Bearish EIA Report

February WTI crude oil (CLG24 ) this morning is up +0.78 (+1.05%), and Feb RBOB gasoline (RBG24 ) is down -0.22 (-0.10%). Crude oil and gasoline prices this morning are mixed, with crude climbing to a 2-1/2 week high. Concerns over disruptions to Middle East crude supplies are boosting oil...

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The Conversation

How fossil fuel companies won COP28

Another climate summit has come and gone. The 28th Conference of the Parties of the UN Framework Convention on Climate Change (COP28 to you and me) took stock of the world’s progress in limiting global heating to 1.5°C. This is the guardrail scientists have advised world leaders to make every…

Homes & Gardens

Should you really buy non-stick pans? Expert advice on surprisingly divisive pans

Non-stick pans have become increasingly popular over the years. But with valid health concerns, I spoke to experts about the benefits and limitations.

The Independent UK

U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers

The U.S. has imposed new sanctions on alleged violators of its price cap on Russian oil and tightened compliance rules for insurance firms and shippers that move it

International Business Times

Oil Prices Rebound After Houthi Attacks In Red Sea; BP, Equinor Pause Shipping Through Suez

Attacks on Red Sea shipping are driving up oil prices, prompting the US to form a coalition of nation's the crack down on Iran-backed Houthi rebels. Geopolitical uncertainty looks to be a key concern for investors in 2024.

Reason

Houthis Ruin Christmas

Plus: The fertility crisis, the origins of Israel, El Segundo's tech scene, and more...

The Guardian - UK

More than 100 container ships rerouted from Suez canal to avoid Houthi attacks

Cape of Good Hope diversion adds 6,000 nautical miles and three or four weeks to delivery times and has driven up oil prices

The Guardian - UK

Energy price cap in Great Britain to fall by 14% in April, says forecaster

Cheaper oil and gas expected to fuel drop in annual bills by £268 to £1,660

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