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The Latest Breaking News from Oil

Investors Shorting Out-of-the-Money Exxon Put Options Are Still Making Good Money

Exxon stock has done well over the last month, making money for investors who shorted puts in out-of-the-money (OTM) puts. This trade still looks good with strong oil and gas prices.

Barchart

Best tan accelerators for sunbeds or outdoor tanning to help give you a sun-kissed glow

To optimise the tanning process

Evening Standard

Crude Prices Erase Early Gains on U.S. Economic Concerns

May WTI crude oil (CLK23 ) this morning is down -0.25 (-0.31%), and May RBOB gasoline (RBJ23 ) is down -4.50 (-1.63%). May Nymex natural gas (NGK23 ) is down -0.017 (-0.817%). Crude oil and gasoline prices this morning erased early gains and turned lower on signs of a slowdown...

Barchart

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Iraq’s gov’t signs deal with KRG to resume oil exports

Longtime dispute between two sides has been temporarily resolved, and oil exports via Turkey will resume, officials say.

Al Jazeera

Is A Copper Rally on the Horizon?

Copper is sitting in the middle of its trading range since March 2022. At just under $4 per pound, the price had consolidated throughout Q1 2023. The red nonferrous metals with increasing demand and applications could be on a launchpad to the upside to another in a long series of…

Barchart

Oil drilling in Gulf safer, but concerns linger, report says

A new National Academy of Science study says that 13 years after a massive BP oil spill fouled the Gulf of Mexico, regulators and industry have reduced some risks in deep water exploration in the gulf but some troublesome safety issues persist

The Independent UK

Activists face jail over Dartford Crossing bridge protest

Morgan Trowland, 40, and Marcus Decker, 34, were both found guilty of causing a public nuisance after they scaled the Queen Elizabeth II Bridge.

The Independent UK

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Humza Yousaf announces £25m boost for just transition to green energy

FIRST Minister Humza Yousaf has announced £25 million in funding for the Scottish National Investment Bank (SNIB) to be invested in the transition…

The National (Scotland)

Yousaf announces £25m boost for just transition to green energy

The money will be given to the Scottish National Investment Bank which will ‘leverage additional private sector capital’, according to its chairman.

The Independent UK

The Rare ‘A-Rated’ Stock Based on POWR Rating

Energy company CrossAmerica Partners (CAPL) delivered a robust bottom-line performance in the last quarter and fiscal year 2022. Given the rising oil prices and rosy prospects of the energy industry, CAPL might be a solid buy. The stock is rated an A (Strong Buy) in our proprietary rating system. Keep…

StockNews.com

I made my own homemade room spray, and it lasts longer than any store-bought spray

I explain how I made my own homemade room spray that lasts longer than any commercial spray

Homes & Gardens

Saudi Arabia discloses investment in dozens of VCs

Saudi Arabia has invested in technology and other sectors in a bid to diversify the country’s economy away from oil.

Fortune

Just Stop Oil activists guilty of public nuisance over Dartford Crossing protest

Morgan Trowland and Marcus Decker used ropes and other climbing equipment to shuffle up the cables of the bridge, Basildon Crown Court had heard.

The Independent UK

Stocks Climb Before the Open as Investors Weigh Economic Outlook, U.S. JOLTs Report in Focus

June S&P 500 futures (ESM23) are up +0.29%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.61% this morning after three major U.S. benchmark indices finished the regular session mixed as weaker-than-expected U.S. factory activity data tempered inflation concerns caused by OPEC+’s surprise plan to cut oil production.

Barchart

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Asharq Al-Awsat

Russia to Use Dubai Benchmark in Indian Oil Deal

Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corp agreed to use the Dubai oil price benchmark in their latest deal to deliver Russian oil to India, three sources familiar with the matter said. The decision by the two state-controlled companies to abandon the Europe-dominated Brent benchmark…

Barchart

Stocks Move Higher Before the Open as Investors Weigh Economic Outlook, U.S. JOLTs Report in Focus

June S&P 500 futures (ESM23) are up +0.15%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.29% this morning after three major U.S. benchmark indices finished the regular session mixed as weaker-than-expected U.S. factory activity data tempered inflation concerns caused by OPEC+’s surprise plan to cut oil production.

France 24

Disney CEO Iger slams Florida governor DeSantis as 'anti-business'

Disney CEO Bob Iger has criticised Florida governor and Republican presidential hopeful Ron DeSantis as being "anti-business" and "anti-Florida". The comments are part of an ongoing feud between the entertainment giant and DeSantis that started when Disney voiced its opposition to a state law banning education on LGBT issues in…

Homes & Gardens

How to clean a rusty griddle – 4 steps to a summer-perfect grill top

Cleaning and cooking experts share how to clean a rusty griddle for a fresh cooktop for summer

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The Guardian - UK

Revealed: UAE plans huge oil and gas expansion as it hosts UN climate summit

Exclusive: UAE’s fossil fuel boss will be the president of Cop28, making a mockery of the summit, say campaigners

Al Jazeera

Venezuela opposition envoy urges Biden to ease oil sanctions

Fernando Blasi’s call reflects a sharp break from the opposition’s maximum pressure campaign of the past four years.

Asharq Al-Awsat

Baghdad, Erbil Set to Restart Northern Oil Exports Tuesday

Iraq's federal government and the Kurdistan Regional Government (KRG) have reached a final deal to restart northern oil exports to be announced Tuesday, official sources told Reuters. A formal request has been sent to Türkiye to restart oil exports through an Iraq-Türkiye pipeline and "in the next few hours pumping…

Asharq Al-Awsat

Voluntary Oil Production Cut: Decision to Balance Demand, Production Levels

Oil and economic experts confirmed that the voluntary oil production cuts taken by oil-exporting countries within OPEC+, starting May and continuing until the end of 2023, aim to achieve market balance. Mubarak Alhajeri, a faculty member at Kuwait's College of Technological Studies, explained that the cut had shocked global markets…

Los Angeles Times

George Skelton: California's evolution on Big Oil — in the state Capitol and my own family

SACRAMENTO, Calif. — What's striking about passage of Gov. Gavin Newsom's legislation to penalize Big Oil's alleged greed is the sea change it represents in California policy.

Barchart

Should You Buy Oil Stocks Now? How to Profit From the OPEC+ Production Cut

OPEC+ announced they would cut oil output by 1.16 million bpd. Here's how to potentially profit from it.

The Independent UK

Asian shares mixed as surging oil prices fan inflation fears

Shares are mostly higher in Asia as investors watch for the latest moves by central banks

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