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The Latest Breaking News from Oil

Understanding Russia's Shadow Fleet And Oil Price Cap

Learn how Russia's shadow fleet of tankers evades sanctions to maintain oil revenue.

Top News

From analysis to the latest developments in health,
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'Landman' season finale could make or break this show for me — here's why

The "Landman" season 1 finale could make or break my interest in this show for season 2.

Tom’s Guide

Bring North Sea oil and gas under greater public control, report urges

Common Wealth thinktank warns that communities and taxpayer may have to pick up pieces when production ends

The Guardian - UK

Los Angeles is on fire and big oil are the arsonists

Every barrel of oil, every cubic meter of gas, and every ton of coal burned brings us closer to environmental catastrophe

The Guardian - US

The food filter: who makes the best crunchy peanut butter?

Every week, our cooks test supermarket groceries to help you make the best choices with your shopping. This week, who makes the best crunchy peanut butter, and how much do you really need to spend on it?

The Guardian - UK

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Germany Races To Secure Stricken 'Russian Shadow Fleet' Oil Tanker

Germany was racing Saturday to secure a heavily loaded tanker stranded off its northern coast, towing the stricken ship it said was part of Russia's sanctions-busting "shadow fleet" away from shore to avert an oil spill.

International Business Times

Ukraine war briefing: Zelenskyy hails ‘significant blow’ of US-UK sanctions on Russian oil and gas revenues

Ukrainian president says the less Moscow earns from oil, ‘the sooner peace will be restored’; Kyiv claims attack on Russian military facility. What we know on day 1,053

The Guardian - AU

US to return $52.8 million in seized assets linked to Nigeria's former oil minister

The United States will return $52.88 million in seized assets to Nigeria as part of a yearslong corruption probe against former Nigerian oil minister Diezani Alison-Madueke and associates

The Independent UK

Crude Finishes Sharply Higher as the US Expands Sanctions on Russian Oil

February WTI crude oil (CLG25 ) Friday closed up +2.65 (+3.58%), and February RBOB gasoline (RBG25 ) closed up +0.0466 (+2.30%). Crude and gasoline prices Friday settled sharply higher, with crude posting a 3-month high and gasoline posting a 2-3/4 month high. Crude rallied Friday after the US ratcheted up...

Barchart

Sugar Prices Rebound as Crude Oil Rallies

March NY world sugar #11 (SBH25 ) Friday closed up +0.12 (+0.63%), and March London ICE white sugar #5 (SWH25 ) closed up +1.90 (+0.38%). Sugar prices Friday posted moderate gains. Short covering emerged in sugar futures Friday after WTI crude oil prices (CLG25 ) jumped more than +3% to...

Barchart

Germany calls a Russian oil tanker adrift in the Baltic Sea a threat to security

An oil tanker believed to be part of Russia’s efforts to evade international sanctions went adrift and had to be towed ashore by a German tugboat

The Independent UK

3 Undervalued Energy Stocks With Huge Upside Potential

The energy sector offers value due to rising global demand, focus on energy security, market growth, regulatory support, technological advancements, and increasing oil and gas prices. Therefore, in this dynamic backdrop, it may be wise to consider undervalued energy stocks: Schlumberger (SLB), VAALCO Energy (EGY), and Obsidian Energy (OBE), which…

StockNews.com

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Al Jazeera

US targets Russia’s oil sector with ‘sweeping’ sanctions

Ukrainian President Zelenskyy says he is confident sanctions will ‘significantly reduce Russia’s petrodollar income’.

Barchart

Sugar Prices Modestly Higher on Strength in Crude Oil

March NY world sugar #11 (SBH25 ) today is up +0.11 (+0.58%), and March London ICE white sugar #5 (SWH25 ) is up +0.70 (+0.14%). Sugar prices today are mildly higher. Short covering emerged in sugar futures today after WTI crude oil prices (CLG25 ) jumped more than +3% to...

The Independent UK

Shadow fleet of tankers keeps Russia's oil money flowing despite Western sanctions

The Group of Seven democracies have sought to crimp Russia’s oil export earnings that help fund the war against Ukraine

Barchart

Crude Rallies as the US Expands Sanctions on Russian Oil

February WTI crude oil (CLG25 ) today is up +1.92 (+2.60%), and February RBOB gasoline (RBG25 ) is up +0.0344 (+1.70%). Crude and gasoline prices today are sharply higher, with crude posting a 3-month high and gasoline posting a 2-3/4 month high. Crude is rallying today after the US ratcheted...

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Evening Standard

UK and US sanction two Russian oil firms

The latest sanctions come after Prime Minister Sir Keir Starmer discussed the Ukraine conflict with French President Emmanuel Macron over dinner.

International Business Times

US, UK Unveil Widespread Sanctions Against Russia's Energy Sector

The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, just days before outgoing President Joe Biden leaves office.

The Independent UK

US and UK will target Russia’s energy sector with new sanctions as Biden prepares to leave office

Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation

Barchart

This Penny Oil Stock Keeps Tearing Higher. Is It a Buy, Sell, or Hold for 2025?

Rallying 72% in the new year to date, can this penny oil stock sustain its momentum?

The Independent UK

In their own words: AP photographers explain how selected images capture warming world

Around the globe, Associated Press photographers in 2024 documented what scientists on Friday said was the hottest year on record, the latest in a long string of heat milestones that have been shattered in recent years as the burning of gas, coal and oil accelerate global warming.

International Business Times

New Oil Spill Detected In Black Sea From Stricken Russian Tanker

Fresh oil started pouring from a stricken Russian tanker in the Black Sea on Friday, said officials in Moscow, as Ukraine warned of "terrible environmental consequences" from the spill.

The Independent UK

Fracking ‘plausible’ trigger for swarm of earthquakes near Gatwick

Hundreds of people reported the tremors that took place over two years in villages in Surrey and Sussex

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