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The Latest Breaking News from Oil

World investing more in solar than oil as investment in renewables soars

Global investment in solar power is expected to overtake investment in oil for the first time ever this year, as spending on renewables continues to increase more than spending on fossil fuels, according to the International Energy Agency. And yet, fossil fuel investment is still too high to reach any…

Radio France Internationale

Greenwashing: energy companies make false claims about sustainability – they should be held to account

Companies implement corporate social responsibility (CSR) as a way to present an environmentally responsible image and therefore gain legitimacy in the eyes of their stakeholders. But some companies don’t actually live up to their claims.

The Conversation

Expert shares 'nutrient rich' hair loss hack to boost growth for luscious locks

The hair and scalp specialist has shared their industry knowledge for a thicker barnett.

Daily Record

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Piers Morgan brands Just Stop Oil 'thugs' for 'destroying' Chelsea Flower Show garden

Piers Morgan has furiously hit out at Just Stop Oil protestors over their latest stunt

Daily Mirror

Onlooker shouts ‘you morons’ at Just Stop Oil protesters at Chelsea Flower Show

Onlookers shouted at Just Stop Oil protesters who targeted a Chelsea Flower Show garden before being sprayed with a hose.

The Independent UK

New energy price cap rates - what have they been set at?

Ofgem announced the energy price cap will be lowered from July 1 after a drop in the wholesale price of gas and oil

Bristol Post

Mixed Bag on Business Costs as Manufacturing Costs Fall, Oil is Headed Up: Kiplinger Economic Forecasts

Mixed bag on business costs as manufacturing and gas prices fall, but oil is up: Kiplinger Economic Forecasts

Kiplinger

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Takeaway issues 'polite notice' after kids throw forks at staff

Some of the forks were thrown into hot cooking oil

Liverpool Echo

Where There’s Oil, There’s Fire: Lessons from Canada’s Costliest Disaster

John Vaillant’s Fire Weather proves people are behind ever-worsening wildfires

The Walrus

Oil and gas emissions predicted to rise for North Sea companies

Shell and BP responsible for around 36% of the total 725 million tonnes of CO2 set to be emitted between now and 2030

Insider UK

Paint thrown over Chelsea Flower Show garden in Just Stop Oil protest

Orange paint was thrown over an exhibit at the event in London.

The Independent UK

Three arrested as Just Stop Oil protesters target Chelsea Flower Show

Some social media users have slammed the protest as ‘misguided’ while others praised the group

Evening Standard

Russia's Novak does not expect new steps from OPEC+ meeting

Russian Deputy Prime Minister Alexander Novak said on Thursday he expected no new steps from the OPEC+ group of oil producers at its meeting in Vienna on June 4, Russian media reported, after the group announced a significant output cut earlier this year.

Reuters

India poised for world-beating growth, CEA Anantha Nageswaran says

NEW DELHI: India’s strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the finance ministry.

The Times of India

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The Guardian - UK

Invasion of Ukraine ‘has fuelled funding boom for clean energy’

International Energy Agency says investment will hit $1.7tn this year, well ahead of fossil fuels

The Independent UK

Flying drones and chasing data, Indigenous women in Guyana join fight against climate change

A small group of Indigenous women in northern Guyana are flying drones and chasing data to help understand climate change and stop the worst of its impacts

The Texas Tribune

Texas Senate passes new economic incentive program to lure businesses to the state

Lawmakers hope to hammer out a program to replace the embattled Chapter 313 program before the legislative session ends Monday.

Reuters

Brazil's Petrobras to appeal decision blocking drilling at Amazon mouth

Brazilian state-run oil company Petrobras said on Wednesday it will file this week an appeal against environmental agency Ibama's decision of blocking it from drilling a well at the mouth of the Amazon river.

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Barchart

Crude Posts Moderate Gains as Weekly EIA Crude Inventories Unexpectedly Plunge

July WTI crude oil (CLN23 ) on Wednesday closed up +1.43 (+1.96%), and July RBOB gasoline (RBN23 ) closed up +6.00 (+2.34%). Crude oil and gasoline prices posted moderate gains, with crude climbing to a 3-week high and gasoline climbing to a 5-week high. Crude prices opened higher Wednesday on...

The Hindu

A ‘middle kingdom’ dawns on India’s west

Saudi Arabia’s rapid ascendance to the pinnacle of the Arab world must be acknowledged, but Riyadh also faces several challenges

Daily Mirror

Massive clean-up underway after battery acid and oil spills from overturned lorry

Officials in Louth, Ireland said environment and highways officers have rushed to a motorway which runs between Dublin and Derry “to oversee a major clean-up following spillage from an overturned lorry"

The Hindu

‘Gramin vithraks’ urge oil firms to give them higher commission

Cooking gas distributors with small customer bases, including the gramin vithraks, say they are struggling with meagre incomes.

Barchart

Crude Prices Jump as Weekly EIA Crude Inventories Unexpectedly Plunge

July WTI crude oil (CLN23 ) this morning is up +1.35 (+1.85%), and July RBOB gasoline (RBN23 ) is up +4.86 (+1.91%). June Nymex natural gas (NGM23 ) is up +0.056 (+2.41%). Crude oil and gasoline prices this morning are moving higher, with crude posting a 3-week high and gasoline...

Capital & Main

New Mexico, ‘Climate Champ’ Governor Sued for Oil and Gas Failures

Lawsuit argues the state is not equally upholding environmental protections enshrined in its constitution.

Barchart

Here’s Why Murphy Oil (MUR) Might Be Worth Speculating On

Although the hydrocarbon sector hasn’t been off to a great start, upstream player Murphy Oil could be interesting as a possible forward inflation trade.

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