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New York officials call for big oil to be prosecuted for fueling climate disasters

Oil majors’ conduct can constitute reckless endangerment due to fossil fuels’ effect on global heating, advocates claim. New York state prosecutors could press criminal charges against big oil ...

World - The Guardian - October 17

Phillips 66 to close oil refinery after Newsom law

Phillips 66 announced Wednesday it will close its 650-acre oil refinery complex near the Port of Los Angeles by the fourth quarter of 2025, days after Gov. Gavin Newsom (D) signed a new law ...

Politics - The Hill - October 17

Schlumberger’s stock slumps as falling oil prices turn customers cautious

Schlumberger’s stock slumps after revenue misses expectations amid “cautious spending” by some international customers as oil prices fell.

Business - MarketWatch - October 18

Women footballers urge Fifa to end Saudi oil deal

More than 100 professional women's footballers sign an open letter urging Fifa to end a sponsorship deal with Saudi oil giant Aramco.

Bipartisan House members call for tighter sanctions on oil field servicers in Russia

A bipartisan coalition of more than 50 congressional representatives called on the Biden administration to tighten sanctions on Russian oil and specifically address a major U.S. oil field ...

Politics - The Hill - October 21

US oil industry wins reprieve to avert Gulf of Mexico shutdown

Court delays introduction of new protections for endangered species as activists bemoan ‘fear-mongering’

Business - Financial Times - October 21

Oil scores back-to-back gains, but ‘bearish landscape’ remains

Oil futures scored a second straight session of gains on Tuesday to claw back some of steep losses suffered last week, with prices supported by some upbeat prospects for Chinese demand and ongoing ...

Business - MarketWatch - October 22

Equinor's Key Profit Measure Lags Forecasts on Lower Oil Prices and Volumes

The Norwegian energy major reported a sharper-than-expected decline in underlying profit for the third quarter as a drop in oil prices and sales volumes offset resilient gas production.

Business - The Wall Street Journal - 6 days ago

Oil prices finish higher for the week as Middle East worries linger

Oil futures climbed Friday, contributing to a gain for the week, with lingering worries over the potential for a wider Middle East conflict helping to put a floor under crude prices.

Business - MarketWatch - 5 days ago

Israel’s attack on Iran spares oil, nuclear facilities and probably markets too

Israel launched air strikes against military targets in Iran on Saturday in its long anticipated retaliation for an Iranian missile attack on October 1st, but avoided hitting energy infrastructure ...

Business - MarketWatch - 4 days ago

G7 vows to clamp down on Russia’s oil sanctions evasion

Group commits to unspecified measures to enforce price cap on Russian exports in response to Ukraine war. Finance ministers of the G7 nations vowed on Saturday to step up efforts to prevent Russia ...

World - The Guardian - 4 days ago

Hungary’s largest oil group attacks western ‘hypocrisy’ over Russian energy

Mol’s links to Moscow have come under scrutiny after Spain’s veto of Hungarian consortium’s bid for train maker Talgo

World - Financial Times - 3 days ago

World's most indebted oil firm is headache for new Mexico leader

Claudia Sheinbaum inherits a buoyant manufacturing sector, but also a troubled state-owned oil firm.

Oil tumbles after Israel refrains from attacking Iran’s refining facilities

Brent crude drops more than 6% as Tehran gives measured response to strikes

World - Financial Times - 2 days ago

BP reports lowest quarterly profit since pandemic on weak oil prices

Energy group pledges to review share buyback plan in February after latest $1.75bn repurchase

Business - Financial Times - Yesterday

Nigeria’s president summons Aliko Dangote over supplies to new oil refinery

Meeting on Tuesday is needed to release more crude for refinery, says industrialist

World - Financial Times - Yesterday

Petrol and food prices will fall thanks to oil glut, says World Bank

Downward trend in oil price from higher production, falling demand in China and clean energy to continue. Business live – latest updates Petrol and food prices will fall over the next two ...

World - The Guardian - Yesterday

BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas

The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.

Business - The New York Times - Yesterday

U.S. crude oil edges lower after worst day in two years

Goldman expects Brent prices to recover to $77 per barrel in the fourth quarter.

Business - CNBC - Yesterday

What the presidential election means for gold, oil, natural gas and other commodities

The U.S. election outcome isn’t likely to have a big impact on commodities such as energy, metals and grains in the short run, but oil and natural gas could be influenced in the years to come by ...

Business - MarketWatch - Yesterday

China's Top Oil Companies Turn in Mixed Results Amid Weak Demand

State-controlled producer PetroChina posted lower profit and revenue, rounding out mixed results for the country’s big three oil companies.

Business - The Wall Street Journal - Yesterday

OMV Misses Views as Weak Refining, Oil Trading Hit Results

The energy company’s third-quarter profit tumbled and missed expectations on lower refining margins and sales volumes from its oil-and-gas unit.