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The Latest Breaking News from Oil

Alaska judge upholds Biden administration's approval of the massive Willow oil-drilling project

A federal judge has upheld the Biden administration’s approval of the Willow oil-drilling project on Alaska’s remote North Slope, a massive project that drew the ire of environmentalists who accused the president of backpedaling on his pledge to combat climate change

The Independent UK

Why healthy fats are essential to your diet and where to find them

Omega-3s are most commonly found in fish, though you also get them from dark leafy greens, flax seeds, hemp seeds and walnuts.

Chicago Sun-Times

Sunak's climate shift is out of touch with the demands of the UK's workforce – here's why

Prime Minister Rishi Sunak plans to introduce a bill aimed at granting new oil and gas drilling licences in the North Sea. The proposal was outlined in the 2023 king’s speech to parliament, where he set out the government’s priorities ahead of the next general election.

The Conversation

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Crude Prices Climb on Some Short Covering

December WTI crude oil (CLZ23 ) this morning is up +1.07 (+1.42%), and Dec RBOB gasoline (RBZ23 ) is up +0.0499 (+2.34%). Crude oil and gasoline prices this morning are moderately higher as they recover modestly from the plunge seen on Tue-Wed. Technical short covering is giving crude prices a...

Barchart

3 Oil & Gas Stocks You'll Be Glad You Bought This Fall

As the oil sector enjoys robust demand and domestic gas consumption rises, fundamentally solid oil and gas stocks Sunoco (SUN), Enterprise Products (EPD), and CrossAmerica (CAPL) might be wise investments this fall. Continue reading.

StockNews.com

Stone laid for India’s first integrated greenfield oil palm processing complex in East Godavari district of Andhra Pradesh

3F Oil Palm Pvt. Ltd. lays foundation for India's first integrated greenfield oil palm processing complex in East Godavari. Investing Rs.250 crore, it is expected to produce 2,00,000 Metric Tons of refined oil per annum by FY25. Spread over 55,000 hectares, it will contribute to India's self-sufficiency in palm oil…

The Hindu

Canada says it can fight climate change and be major oil nation. Massive fires may force a reckoning

Thousands of wildfires in Canada have incinerated an area larger than Florida this year

The Independent UK

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3 No-Brainer Oil & Gas Stocks to Buy in November

Tight supplies due to production cuts and the expected rise in oil and gas demand drive oil and gas prices, benefiting oil and gas companies. Given this backdrop, it could be wise to buy fundamentally strong oil and gas stocks BP p.l.c (BP), Eni (E), and Koninklijke Vopak (VOPKY). Read…

StockNews.com

WTI Crude Enters Bear Market: Is It Time For Value-Contrarian Investors To Jump Into Cheap US Oil Stocks?

WTI crude oil fell below $76 a barrel, breaking through its 200-day moving average, which had served as a strong support level

Zenger

Offering oil and gas licences every year distracts from the challenge of winding down UK North Sea

New areas for oil and gas development on the UK’s North Sea continental shelf are to be made available through annual licensing rounds subject to net zero tests. These proposals by the UK government, outlined in the 2023 king’s speech to parliament, fly in the face of recommendations by the…

The Conversation

A TotalEnergies pipeline project in East Africa is disturbing community graves, watchdog says

A New York-based climate watchdog says the French oil company TotalEnergies is failing to protect the sanctity of hundreds of graves in a controversial project that aims to build a heated pipeline from oil fields in Uganda to a port in Tanzania

The Independent UK

Mercedes: Sprint race triggered “alarm bells” about “bleak” F1 Brazilian GP

Team boss Toto Wolff reckoned the weekend in Sao Paulo was the worst of his 13 years in F1, as Lewis Hamilton finished the GP in eighth while George Russell retired with 14 of the 71 laps remaining. This was to protect the power unit after rising oil temperature and…

Autosport

Shell sues Greenpeace for $2.1m in damages over fossil fuel protest in North Sea

Energy firm’s lawsuit looks for indefinite block on group’s protesters targeting its infrastructure

The Guardian - UK

Stock market today: Asian shares mostly higher after China reports that prices fell in October

Shares are mostly higher in Asia after a another mixed close as Wall Street recalibrates following recent big swings

The Independent UK

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Woman & Home

How to blow dry curly hair for shiny and defined curls every time

Expert hairdressers share their insights on drying shapely curls – including the best tools and products for the job

Newsroom.co.nz

Vanuatu urges National not to restart offshore oil and gas

Vanuatu's outspoken Climate Change Minister, Ralph Regenvanu, has called on the incoming government not to reverse the ban on offshore oil and gas exploration.

The Guardian - UK

Lloyd’s of London insurers dominate underwriting of fossil fuel projects, study shows

Annual ‘scorecard’ of major firms insuring oil, gas and coal projects puts household names Allianz, Axa, AIG and Aegis in Top 10

The Independent UK

Ashley Benson reportedly marries oil heir Brandon Davis as she appears to confirm pregnancy

Benson and Davis announced their engagement in July 2023

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The Texas Tribune

Another large earthquake shows seismic activity continues to increase in West Texas, experts say

The 5.2 magnitude earthquake is tied for the fourth strongest in Texas history. It occurred in an area where oilfield companies have long been injecting wastewater from fracking underground.

Barchart

Crude Prices Retreat on Energy Demand Concerns

December WTI crude oil (CLZ23 ) on Wednesday closed down -2.04 (-2.64%), and Dec RBOB gasoline (RBZ23 ) closed down -0.0392 (-1.81%). Crude oil and gasoline prices Wednesday extended Tuesday's sharp losses, with crude falling to a 3-1/2 month low and gasoline dropping to a 10-1/2 month low. A weaker...

Barchart

Weakness in Crude Oil Weighs on Sugar Prices

March NY world sugar #11 (SBH24 ) on Wednesday closed -0.38 (-1.38%), and Dec London ICE white sugar #5 (SWZ23) closed -3.40 (-0.45%). Sugar prices Wednesday closed moderately lower and were under pressure from a slump in crude oil prices. On Wednesday, WTI crude (CLZ23 ) fell more than -2%...

Salon

Fossil fuel industry blocks climate goal

Huge legal, political, and economic obstacles stand in the way of limiting global temperature rise to 1.5 C

The Guardian - UK

Oil and gas ‘not the problem’ for climate, says UK’s net zero minister

Campaigners call Graham Stuart’s comments ‘laughable’ and say Conservatives are weaponising climate action

Salon

Mountain Dew is healthier than I thought

Don't be afraid to "Do the Dew." Unlike some other sodas, it doesn't contain brominated vegetable oil

StockNews.com

Suncor Energy (SU) Pre-Earnings Outlook

Should investors consider investing in Suncor Energy (SU) before its third-quarter financials release amid concerns about climate pledges and a hefty acquisition? Let’s look at its financial metrics to know more….

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