• Oil Trading Daily: Oil Closes Near $68 on Macro Jitters

    The benchmark crude WTI fell 1.97% to settle at $68.09 per barrel amid a multitude of macroeconomic factors. This includes the crucial OPEC+ meeting on June 4 and a

  • Just Stop Oil BLOCK England cricket team from reaching Lord's and say: "oil and gas have had a good innings"

    Protestor group Just Stop Oil have this morning blocked a road which has disrupted the England cricket team’s journey to Lord’s. Ben Stokes and his men are set to face Ireland this morning on the first day of their pre-Ashes Test. But batter Jonny Bairstow – who is back in the side having sustained a []

  • Oil up $1 on Saudi plan

    Oil prices were up $1 a barrel on Monday after top global exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting the macroeconomic headwinds that have depressed markets. Brent crude futures were at $77.15 a barrel, up $1.02, or 1.3%, at 0645 GMT after earlier hitting a […]

    • Rudaw

    Iraq committed to slash oil production to...

    ERBIL, Kurdistan Region - Iraq will remain committed to a cut in oil

  • Russia reports hits on oil refineries

    MOSCOW/KYIV: Moscow said Ukrainian artillery had hit a town inside Russia for a third time this week and reported drone strikes on two Russian oil refineries on Wednesday, while Ukrainian shelling in Russian-occupied eastern Ukraine killed five people. There was no immediate comment from Ukraine on the Russian reports, in a week when both countries […]

  • Here's Why Oil Flows Can Only Be Redirected, Not Stopped

    Here's Why Oil Flows Can Only Be Redirected, Not Stopped Authored by Irina Slav via OilPrice.com, Global crude flows have shifted completely in a relatively short period of time. Because of the resilience of oil demand Russia’s oil revenues are recovering, too. West-African crude flows to Asia have dropped as Chinese buyers are increasingly buying Russian and Iranian crude. Asian oil imports were due for a marked rebound this month after the end of the maintenance...

  • Oil production to drop after Opec+ nations meet

    The move by the oil-rich nations comes as prices fall amid accusations Opec has sided with Russia.

  • Study Finds Impurities in Most Major Avocado Oils

    Despite its reputation, a recent study from the University of California at Davis reveals a troubling truth: not all avocado oils are created equal.

  • Did the British Museum Cut Ties With Its Oil Sponsor?

    News that the museum has not renewed contracts with oil giant British Petroleum is being hailed by climate advocates as a "massive victory."

  • Karachi trader 'tortures' employees over oil theft

    KARACHI: A horrific incident of violence unfolded in Karachi, where a trader allegedly subjected to torture an employee after accusing him of stealing oil, ARY News reported on Friday. According to the details, the victim, identified as Shafqat Ali, was accused of oil theft and the businessman along with his son and the gunman locked […]

  • Palm oil dispute won't have bearing on trade talks

    A dispute between the European Union and major palm oil producers Indonesia and Malaysia over a new deforestation law will have no bearing on the two countries’ stalled negotiations with the bloc on free trade agreements, a Malaysian minister said on Thursday. Responding to a Financial Times report which said the talks could be delayed over the […]

  • The world is finally spending more on solar than oil production

    This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here. Money makes the world go round. And when it comes to energy, we’re seeing more investment than ever: companies, research institutions, and governments are all pouring money into technologies that could help…