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The Latest Breaking News from Oil

Crude Oil Boosted by Outlook for Tighter Global Oil Supplies

October WTI crude oil (CLV23 ) on Wednesday closed up +0.85 (+0.98%), and Oct RBOB gasoline (RBV23 ) closed up +2.04 (+0.79%). Crude oil and gasoline prices Wednesday posted moderate gains, with crude climbing to a 9-1/2 month high. Crude found carryover support from Tuesday when Saudi Arabia and Russia...

Barchart

Build a Strong Energy Portfolio With 3 Stocks

Saudi Arabia's extended voluntary crude oil production reduction seems to drive the oil and gas industry. Against this backdrop, sound energy stocks Petróleo Brasileiro (PBR), Transportadora de Gas del Sur (TGS), and Repsol (REPYY) could make wise additions to your portfolio. Read on….

StockNews.com

Ecuador’s presidential candidates should listen to its people on Amazon drilling

Letter: Ecuadorians have voted for a ban but could be disappointed given the power of vested interests, writes Frank Brouwer

The Guardian - UK

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Crude Prices Underpinned by Production Cuts from Saudi Arabia and Russia

October WTI crude oil (CLV23 ) this morning is up +0.26 (+0.30%), and Oct RBOB gasoline (RBV23 ) is down -0.54 (-0.21%). Crude oil and gasoline prices this morning are mixed. Crude has carryover support from Tuesday when Saudi Arabia and Russia announced that they will extend their respective crude...

Barchart

3 Hot Stocks Under $10 for Your September Watchlist

These outperformers are all trading under $10 per share - for now. After beating the S&P 500 year-to-date, analysts think these standout single-digit stocks all have room to keep running higher.

Barchart

Biden administration cancels leases in Alaska wildlife refuge - Roll Call

The Biden administration canceled oil and gas leases in the Arctic National Wildlife Refuge that Congress mandated in a 2017 law.

Roll Call

Can Heating Oil Prices Explode Again?

NYMEX heating oil prices rose to a record high in April 2023, soaring past the previous 2008 peak. Heating oil is a distillate fuel, and the NYMEX futures are a proxy for jet and diesel fuels. Despite heating oil’s use as a winter fuel, distillates experience less seasonality than gasoline…

Barchart

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Former oil executive Mark McAllister lined up to be next Ofgem chair

Government choice of energy regulator boss criticised as ‘putting the fox in charge of the hen house’

The Guardian - UK

3 Energy Stocks to Keep on Your Radar This Month

The energy sector presents a strong prospect for substantial growth this year, driven by surging crude oil prices. Given this backdrop, it might be wise to add quality energy stocks TotalEnergies SE (TTE), PBF Energy (PBF), and Marathon Oil Corporation (MRO) to your watchlist this month. Read on….

StockNews.com

How to make life much better – my 10 small but satisfying secrets of happiness

From a squirt of Rwandan chilli oil to rolling down a hill and fresh linen, it’s the little things that can make a big difference, writes Arwa Mahdawi

The Guardian - UK

UN announces ‘climate breakdown’ after record summer heat

Scientists blame ever warming human-caused climate change from the burning of coal, oil and natural gas.

Al Jazeera

Stock Index Futures Slip on Worries About Economic Slowdown, Interest Rate Outlook

September S&P 500 futures (ESU23) are down -0.23%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.37% this morning as investors worried that higher oil prices might lead to increased inflation and potentially hinder the outlook for global economic growth.

Barchart

FTSE 100 Live: Darktrace cuts earnings outlook, Barratt Developments results, oil near $90, shares fall

The UK’s average house price fell by 1.9% in August, the largest monthly fall recorded by lender Halifax since November.

Evening Standard

Stock market today: Asian markets are mostly lower as oil prices push higher

Shares are mostly lower in Asia after a decline on Wall Street as traders returned from a long holiday weekend

The Independent UK

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The Independent UK

UK ‘must become irresistible place to do energy business’

The Offshore Energies UK report said the sum is also needed to install all the renewable infrastructure required to get the UK to net zero by 2050.

Barchart

Crude Rallies as Saudi Arabia and Russia Extend Crude Production Cuts

October WTI crude oil (CLV23 ) Tuesday closed up +1.14 (+1.33%), and Oct RBOB gasoline (RBV23 ) closed down -1.06 (-0.41%). Crude oil and gasoline prices Tuesday settled mixed, with crude climbing to a 9-1/2 month high. The main bullish factor Tuesday was the announcement by Saudi Arabia and Russia...

Barchart

3 Dividend Energy Stocks with Significant Upside Potential

As oil prices surge to 10-month highs on the latest round of supply cuts, here's a look at three stocks from the energy sector with solid quarterly payouts and bullish forecasts from analysts.

The Hindu

The implications of the expansion of BRICS

With its proposed expansion, BRICS could mark a turning point in modern history

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Capital & Main

After a Century, Oil and Gas Problems Persist on Navajo Lands

The legacy of fossil fuel development endures in leaks, spills and neglect.

The Guardian - UK

Petrol prices expected to rise as oil cost climbs above $90 a barrel

Motorists could be hardest hit after Russia and Saudi Arabia extend cuts to supplies

Evening Standard

What is ‘skimpflation’ and how is it different from ‘shrinkflation’?

Skimpflation and shrinkflation seem to be on the rise as supermarkets have been quietly reducing the quality of products

Barchart

Crude Prices Jump as Saudi Arabia and Russia Prolong Crude Production Cuts

October WTI crude oil (CLV23 ) this morning is up +2.18 (+2.55%), and Oct RBOB gasoline (RBV23 ) is up +5.96 (+2.33%). Crude oil prices this morning are rallying, with crude climbing to a 9-1/2 month high and gasoline posting a 1-week high. The main bullish factor today was the...

The Hindu

Farmers’ collective launch new brand

Kannadi Karshaka Kootayma launches three varieties of herb-infused virgin coconut oil under the brand name Kannadi.

Radio France Internationale

Swedish oil executives face historic trial over Sudan war crimes

The long-awaited trial of two former Swedish oil executives accused of complicity in war crimes in present day South Sudan began on Tuesday in Stockholm.

Chicago Sun-Times

Surplus of garden tomatoes? Try them in this arugula and orzo salad

Serve the salad slightly warm or at room temperature. You can cook the orzo in advance and refrigerate until assembling the salad.

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