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The Latest Breaking News from Oil

North Sea firms to go ahead with Rosebank despite 'unlawful' court ruling

NORTH Sea operators are to press ahead with the development of two major oil and gas fields despite the project being ruled as “unlawful” in a…

The National (Scotland)

Scottish Labour MPs call for UK Government to act on Grangemouth future

FOUR Scottish Labour MPs have called for the investment of public money into converting Grangemouth oil refinery ...

The National (Scotland)

‘Sustainable’ aviation fuel and other myths about green airport expansion debunked

Environmentalists and locals have resisted a third runway at London’s Heathrow, Europe’s busiest airport, for more than two decades. Today, their efforts took a major setback.

The Conversation

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Scottish Court Rules Against Two New North Sea Oil And Gas Fields

A Scottish court on Thursday ruled against the development of two oil and gas fields in the North Sea in a "historic win" for two environmental groups.

International Business Times

Russia focuses on seizing Ukraine’s Pokrovsk amid reports of heavy losses

Russia concentrates on Donetsk hoping for a decisive breakthrough, as Ukraine claims Moscow has lost almost 835,000 men.

Al Jazeera

Rosebank oilfield go-ahead decision ruled unlawful by Edinburgh court

Court says UK government green light for Rosebank and Jackdaw permits does not take into account CO2 emissions

The Guardian - UK

Legal challenge against major North Sea oil and gas fields successful

A judge has upheld a legal challenge by environmental campaigners against the decision to grant consent to two new oil and gas fields in the North…

The National (Scotland)

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Judge upholds legal challenge against new North Sea oil and gas fields

The decision to grant consent to the Rosebank and Jackdaw oil and gas fields will now be reconsidered, taking into account downstream emissions.

Evening Standard

Plans to drill UK’s largest untapped oilfield thwarted in court

The Conservative-led government approved Shell’s proposals to develop the Jackdaw field in 2022

The Independent UK

Do Wall Street Analysts Like Exxon Mobil Stock?

Exxon Mobil has lagged behind the broader market over the past year. However, analysts remain bullish about the stock’s prospects.

Barchart

Shell Annual Profit Drops To $16 Bn As Oil Prices Fall

British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs.

International Business Times

Shell investors in line for multibillion-dollar windfall despite weak profits

A 4% dividend increase alongside share buybacks of $3.5bn for last three months of year awaits shareholders

The Guardian - UK

Shell raises dividend to shareholders as profit falls amid lower oil prices

The energy major said profits fell after a year of operating in ‘a lower price environment’, amid shrinking margins from its oil refining business.

Evening Standard

Shell leaving London Stock Exchange ‘not a live discussion’ as dividends are raised

The energy major said profits fell after a year of operating in ‘a lower price environment’

The Independent UK

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Al Jazeera

Russia-Ukraine war: List of key events – day 1,071

Here are the key developments on the 1,071st day of Russia’s full-scale invasion of Ukraine.

The Independent UK

This vegetable peanut Thai curry is Nadiya Hussain’s favourite to make during Ramadan

Nadiya Hussain taps into her Thai ancestry for a vibrant peanut vegetable curry that’s a family favourite during Ramadan

The Guardian - AU

Ukraine war briefing: Hitler wanted to kill me – don’t let Putin, says Ukrainian Holocaust survivor

Roman Schwarzman, 88, tells German MPs that Russia is perpetrating ‘another war of extermination’; more Ukrainian strikes damage Russian oil targets. What we know on day 1,072

The Independent UK

Two Just Stop Oil protesters charged after Sigourney Weaver play disrupted

The Metropolitan Police announced the 60-year-old and 42-year-old would appear in court on 25 February

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Barchart

Crude Prices Sink on Bigger US Inventories and Easing of Tariff Concerns

March WTI crude oil (CLH25 ) Wednesday closed down -1.15 (-1.56%), and March RBOB gasoline (RBH25 ) closed down -0.0150 (-0.72%). Crude and gasoline prices Wednesday settled moderately lower, with crude falling to a 2-1/2 week low. Crude was under pressure Wednesday from a stronger dollar, and after the weekly...

Evening Standard

Just Stop Oil protesters charged over allegedly disrupting Sigourney Weaver play

The charges relate to an incident at Theatre Royal when two protesters entered the stage area, the Metropolitan Police said.

Evening Standard

Two charged after Just Stop Oil activists storm West End stage and stop show

Just Stop Oil activists disrupted a show at Theatre Royal on Dury Lane on Monday

The Guardian - UK

Climate activists ‘did what they did out of sacrifice’, appeal court told

Lawyers invoke philosophies of Hannah Arendt and Henry David Thoreau in bid to have long sentences of 16 protesters quashed

The Independent UK

Things to know about the Trump administration order on car and pickup fuel economy

Hours after being sworn in as the new U.S. Secretary of Transportation, Sean Duffy took aim at the main way the federal government regulates miles per gallon for cars and pickup trucks — also a principal way that it regulates air pollution and addresses climate change

Barchart

Crude Prices Fall as Weekly EIA Inventories Jump

March WTI crude oil (CLH25 ) today is down -0.63 (-0.85%), and March RBOB gasoline (RBH25 ) is down -0.0060 (-0.29%). Crude and gasoline prices today are moderately lower. Crude is under pressure today from a stronger dollar, and after the weekly EIA crude and gasoline inventories rose more than...

The Independent UK

Waves of Ukrainian drones target Russian power and oil facilities, Kyiv says

Ukraine hits second major Russian oil refinery in a week after Zelensky hails Kyiv’s growing long-range drone capabilities as ‘bringing the war back to Russia’

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