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RARE PHOTOS: 65 - The Real Truth

Failure to agree fossil fuel phase-out at Cop28 ‘will push world into climate breakdown’

UK’s former climate chief Alok Sharma says phase-out crucial to limit global warming to 1.5C

The Guardian - UK

What it means for an oil producing country, the UAE, to host U.N. climate talks

The United Arab Emirates is a major oil producing nation, and that's drawing attention to the role oil and gas has at this year's COP28 climate negotiations.

WEKU

‘Stunned’: OPEC urges members to block action on fossil fuels at COP28

French Energy Minister Agnès Pannier-Runacher said Saturday she was "stunned" after the oil cartel OPEC urged its members to thwart any deal targeting fossil fuels at the COP28 conference.

France 24

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OPEC Push On Fossil Fuels Draws Ire At Climate Talks

Negotiations over the future of fossil fuels heated up at UN climate talks on Saturday, with OPEC catching flak over the oil cartel's push to block any phase-out in the final deal.

International Business Times

As UN climate talks near crunch time, activists plan 'day of action' to press negotiators

Protests aimed at pressuring nations to move decisively to stop climate change were expected to be their most intense yet on Saturday, a “Global Day of Action” with events at United Nations-led talks in Dubai and around the world

The Independent UK

Crude Rebounds as U.S. Refills the Strategic Petroleum Reserve

January WTI crude oil (CLF24 ) on Friday closed up +1.86 (+2.68%), and Jan RBOB gasoline (RBF24 ) closed up +0.0498 (+2.49%). Crude oil prices Friday rebounded from Thursday's 5-1/4 month low and posted moderate gains. Crude rallied Friday after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer...

Barchart

OPEC rallies members against fossil fuels phase out at COP 28

Climate campaigners welcome draft COP agreement that includes options for the phase out of fossil fuels.

Al Jazeera

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Opec rails against fossil fuel phase-out at Cop28 in leaked letters

Oil cartel warns ‘pressure may reach a tipping point’ and that ‘politically motivated campaigns put our prosperity’ at risk

The Guardian - UK

Unlocking Success With 3 Oil & Gas Stocks for Your Year-End Portfolio

Given the sustained demand for crude oil and strategic production cutbacks by OPEC+, there's a potential for prolonged elevated oil prices. To seize this opportunity, one could consider adding resilient energy stocks Shell plc (SHEL), NuStar Energy (NS) and Summit Midstream (SMLP) to their portfolio for year-end profits. Read on….

StockNews.com

Crude Prices Jump as the U.S. Refills the Strategic Petroleum Reserve

January WTI crude oil (CLF24 ) this morning is up +1.58 (+2.31%), and Jan RBOB gasoline (RBF24 ) is up +0.0450 (+2.25%). Crude oil and gasoline prices this morning are moderately higher. Energy prices are climbing today after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer sentiment reduced...

Barchart

Analyzing 3 Energy Stocks: Buy, Hold, or Sell in December?

Growing demand for oil and natural gas and constrained supplies could push oil prices higher, boosting the energy industry’s outlook. Amid this backdrop, let’s determine the buy, hold, and sell potential of energy stocks Schlumberger (SLB), Halliburton (HAL), and Antero Resources (AR) this month. Read more….

StockNews.com

Weakness in Crude Oil Persists on Oversupply Concerns

January WTI crude oil (CLF24 ) on Thursday closed down -0.04 (-0.06%), and Jan RBOB gasoline (RBF24 ) closed down -0.0190 (-1.43%). Crude oil and gasoline prices on Thursday extended Wednesday's sharp losses, with crude oil falling to a 5-1/4 month low and gasoline falling to a 1-year low. Concern...

Barchart

Dollar Weakness Sparks Mild Short-Covering in Crude Oil

January WTI crude oil (CLF24 ) this morning is up +0.05 (+0.07%), and Jan RBOB gasoline (RBF24 ) is down -0.0193 (-0.95%). Crude oil and gasoline prices this morning are mixed, with gasoline falling to a 1-year low. A weaker dollar today has sparked some mild short-covering in crude oil....

Barchart

3 Energy Stocks Targeting Major Gains in December

As the oil industry faces a pivotal shift with OPEC+ production cuts, Wall Street forecasters are expressing bullish sentiments due to a critical undersupply. To capitalize on this, it seems wise to add BP p.l.c. (BP), Delek US Holdings (DK) and Global Partners (GLP) to your portfolio for potential significant…

StockNews.com

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International Business Times

Putin, Saudi Leader Urge Oil Cooperation As Prices Flag

The leaders of Saudi Arabia and Russia used a rare face-to-face meeting to urge oil producers to stick to pledged supply cuts, a joint statement said Thursday.

Barchart

Crude Prices Sink on Global Oversupply Worries

January WTI crude oil (CLF24 ) on Wednesday closed down -2.94 (-4.07%), and Jan RBOB gasoline (RBF24 ) closed down -0.0801 (-3.80%). Crude oil and gasoline prices on Wednesday sold off sharply, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...

Barchart

Crude Prices Plunge on Concern About Excess Global Oil Supplies

January WTI crude oil (CLF24 ) this morning is down -2.79 (-3.86%), and Jan RBOB gasoline (RBF24 ) is down -0.0780 (-3.70%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...

Al Jazeera

Putin makes rare trip to Middle East to meet with UAE and Saudi leaders

The Russian leader has been bolstering his partnerships with Gulf nations as Moscow faces growing isolation by the West.

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International Business Times

Fossil Fuels On The Table At COP28 As OPEC Slashes Production, US Crude Output Breaks Records

COP28 may become the first-ever international climate summit to commit to eventually phasing out oil and gas.

Barchart

Is Brazil's Biggest Oil Stock a Value Buy Right Now?

As Brazil becomes the latest member of the OPEC+ alliance, could the country's state-run energy giant Petrobras emerge as a top oil pick for 2024?

Barchart

Crude Prices Erase Early Gains on Ramped-Up U.S. Crude Exports

January WTI crude oil (CLF24 ) on Tuesday closed down -0.72 (-0.99%), and Jan RBOB gasoline (RBF24 ) closed down -0.0239 (-1.12%). Crude oil and gasoline prices Tuesday gave up early gains and moved lower, with crude falling to a 3-week low. Ramped-up U.S. crude exports are weighing on oil...

Al Jazeera

Putin to visit Saudi Arabia, UAE with Israel-Hamas war on agenda

Talks expected to focus on Israel-Hamas war in Gaza and oil market cooperation, says Kremlin spokesperson.

Barchart

Crude Prices Climb After Russia Said OPEC+ Crude Cuts Can Go Further

January WTI crude oil (CLF24 ) this morning is up +0.73 (+1.00%), and Jan RBOB gasoline (RBF24 ) is up +0.0012 (+0.06%). Crude oil and gasoline prices this morning are moderately higher, with crude recovering from a 3-week low. Crude prices rebounded from early losses and moved higher after Russian...

The Independent UK

Isolated Putin set for ‘working visits’ to UAE and Saudi Arabia as rest of world discusses climate action at Cop28

Russian president set for rare trip overseas since his arrest warrant over Ukraine war crimes

Barchart

Crude Prices Close Lower on Doubts About OPEC+ Crude Production Cuts

January WTI crude oil (CLF24 ) on Monday closed down -1.03 (-1.39%), and Jan RBOB gasoline (RBF24 ) closed up +0.0210 (+0.99%). Crude oil and gasoline prices on Monday settled mixed, with crude falling to a 2-week low. Monday's rally in the dollar index to a 1-week high was bearish...

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