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The Latest Breaking News from Oil

PetroSaudi Execs Get Swiss Jail Terms Over $1.8 Bn 1MDB Fraud

A top Swiss court sentenced two PetroSaudi executives to jail terms on Wednesday after finding them guilty over the embezzlement of $1.8 billion from the Malaysian sovereign wealth fund 1MDB. Tarek Obaid, the Swiss-Saudi chief executive of the oil exploration and production company, was sentenced to seven years in prison…

International Business Times

Ecuador's citizens voted to stop oil drilling in heart of Amazon. A year later, it hasn't happened

Voters in Ecuador last year approved a referendum to keep some 700 million barrels of crude oil in the ground in Yasuni National Park

The Independent UK

Russian fighter jet downed over eastern Ukraine as oil depot set ablaze

The skirmishes come as Ukraine claimed to be continuing its advance into Russia after shock incursion

The Independent UK

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Lego plans to make half the plastic in bricks from renewable materials by 2026

Toymaker hopes to bring down oil-based plastic it uses by paying up to 70% more for certified renewable resin to encourage production

The Guardian - UK

Greek-Flagged Tanker Sounion Attacked By Yemen's Houthis, Leaking Oil

Learn about the recent attack on the Greek-flagged tanker Sounion by Yemen's Houthis, causing a fire and oil leakage in the Red Sea.

Top News

Fire rages at oil depot in Russia’s Rostov after Ukraine drone attack

The strike on a depot in Kamensky district comes amid an ongoing blaze at an oil storage facility in Proletarsk city.

Al Jazeera

Russia-Ukraine war: Ukrainian drone attack sparks fire at Rostov oil depot – as it happened

Attack in Kamensky district follows strike 10 days ago at another Rostov depot which is still burning

The Guardian - UK

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3 Oilfield Service Companies to Benefit From Increased Drilling

The oilfield services sector benefits from its crucial role in drilling, evaluation, production, and maintenance, which is essential for ensuring energy security and meeting the strong global demand for oil and gas. Therefore, investing in fundamentally solid oilfield services stocks, Baker Hughes (BKR), NOV (NOV), and MRC Global (MRC), could…

StockNews.com

Crude Prices Close Lower on Energy Demand Woes and Increased Russian Crude Exports

Oct WTI crude oil (CLV24 ) Tuesday closed down -1.89 (-2.44%), and Oct RBOB gasoline (RBV24 ) closed down -3.73 (-1.75%). Crude oil and gasoline prices settled moderately lower on Tuesday. Crude prices came under pressure Tuesday after Goldman Sachs cut its 2025 Brent crude forecast to $77 a barrel...

Barchart

3 Energy Stocks Offering High Dividends and Growth

Amid rising geopolitical tensions and a promising demand outlook, oil prices might experience an uptick. Therefore, fundamentally strong energy stocks, California Resources (CRC), Sabine Royalty (SBR), and Energy Transfer (ET), offering high dividends and growth, might be ideal stocks to keep track of. Keep reading….

StockNews.com

Tesla Is Erasing Its Own History

Tesla has quietly taken down CEO Elon Musk's famous "Tesla Motors Master Plan" that was published in 2006.

InsideEVs

As Seen on TV: Big Oil’s Dystopian View of California’s Climate Agenda

A $5 million prime-time ad campaign is aimed at climate policies the industry claims make life miserable for Californians.

Capital & Main

Crude Prices Fall on Energy Demand Concerns and Increased Russian Crude Exports

Oct WTI crude oil (CLV24 ) today is down -1.28 (-1.65%), and Oct RBOB gasoline (RBV24 ) is down -3.63 (-1.70%). Crude oil and gasoline prices today are moderately lower. Crude prices came under pressure today after Goldman Sachs cut its 2025 Brent crude forecast to $77 a barrel from...

Barchart

Embrace the smoke, and other tips for grilling vegetables at a Labor Day barbecue

Barbecue guru Steven Raichlen is best known for grilled meat

The Independent UK

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Latin Times

Markets Stutter After Rally, Oil Dips But Middle East Worries Linger

A string of supportive data in recent weeks and comments from top Federal Reserve officials have helped push equities higher in August after starting the month in turmoil on fears of a US recession.

Cycling Weekly

British Cycling was warned about Shell partnership, letter reveals

Sponsorship from oil and gas giant was potentially damaging, BC told by UK Sport

International Business Times

Markets Retreat After Rally, Oil Dips But Middle East Worries Linger

Asian markets slipped Tuesday following a tepid day on Wall Street as traders took a breather from a recent rally fuelled by bets on a US interest rate cut, while oil eased from a surge caused by Middle East tensions.

AAP

Woodside profits slip as energy prices dip

Australia's largest oil and gas producer, Woodside, has reported lower profits due to falling energy prices but has made progress on key growth projects.

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news in one place.

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Barchart

Crude Prices Rally on Middle East Supply Concerns

Oct WTI crude oil (CLV24 ) Monday closed up +2.59 (+3.46%), and Oct RBOB gasoline (RBV24 ) closed up +1.63 (+0.77%). Crude oil and gasoline prices Monday rallied sharply to 1-week highs. Oil prices moved higher on concern that an escalation of conflict in the Middle East could disrupt oil...

StockNews.com

3 Midstream Energy Stocks With Strong Dividend Yields

As the energy landscape evolves, the midstream industry is adapting by investing more in natural gas infrastructure. With the growing demand in the market, here are three dividend-paying stocks that could be valuable additions to your portfolio: Enterprise Products Partners (EPD), Western Midstream Partners (WES), and Plains All American Pipeline…

International Business Times

ExxonMobil Expects Global Oil Demand Near Current Levels In 2050

Global oil demand is unlikely to fall by 2050 despite progress on renewable energy, the US oil and gas giant ExxonMobil said Monday, pointing to rising population and demand for energy worldwide.

Evening Standard

Best CBD pain relief creams for sore limbs

Tried-and-tested options to combat aches and pains

Al Jazeera

Libya’s eastern government says oilfields closed over central bank spat

Rival governments have been fighting for days over the central bank’s leadership, threatening a UN-brokered peace deal.

Barchart

Crude Rallies on Middle East Tensions and Libya's Call to Halt Crude Exports

Oct WTI crude oil (CLV24 ) today is closed up +2.28 (+3.05%), and Oct RBOB gasoline (RBV24 ) is up +3.48 (+1.65%). Crude oil and gasoline prices today rallied sharply to 1-week highs. Oil prices are higher on concern that an escalation of conflict in the Middle East disrupt oil...

Investors Business Daily

Oil Stocks Climb As Middle East Conflict Stirs Faint Pulse In Oil Prices

Hezbollah, Israel exchange attacks. Iran pledges an attack is on the way. Oil prices flicker higher, oil stocks rally.

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