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The Latest Breaking News from Oil

Chevy Turbo Engine Teardown Shows Why Coolant And Oil Should Never Mix

There are so many things wrong with this engine. It's an absolute mess.

Motor1

COP28: Some targets met for Africa, but funding still falls short

In tonight's edition: the COP28 climate summit delivers a deal which for the first time calls on all nations to move away from using fossil fuels. But what does it mean for oil and gas-producing countries? Also, it's a bittersweet return for dozens of Tunisians from the Gaza Strip. They…

France 24

Crude Prices Post Moderate Gains on Large EIA Crude Stockpile Drawdown

January WTI crude oil (CLF24 ) on Wednesday closed up +0.86 (+1.25%), and Jan RBOB gasoline (RBF24 ) closed up +4.52 (+2.78%). Crude oil and gasoline prices on Wednesday recovered from early losses and closed moderately higher after weekly EIA crude inventories fell more than expected. A weaker dollar Wednesday...

Barchart

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Gas Prices For US Consumers Reach Two-Year Low As Holiday Travel Season Approaches

Record domestic oil output is driving down gas prices.

International Business Times

These 30 beauty stocking fillers are all under £25, and ideal for Christmas gifting

Our editor-approved guide to the best beauty stocking fillers, with skincare, haircare, bodycare, makeup and fragrance options that are guaranteed to put a smile on their face

Woman & Home

Ex-BP CEO Looney's Pay Tap Officially Turned Off!

Former BP maestro, Looney, waves farewell to future pay packets from the oil giant. Quite the plot twist in the corporate world's grand opera!

Top News

State Oil Crisis Management Group directs CPCL to ramp up mitigation work at Ennore Creek and nearby areas

Oil crisis in Chennai: CPCL directed to deploy more oil boomers, skimmers, and personnel to remove oil from Ennore Creek. Boats, personnel, and gully sucker machines used to suck oil and clean debris. Booms and skimmers from Paradip and Chennai ports to contain oil in creek. Health, Animal Husbandry, Forest,…

The Hindu

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BP to deny Bernard Looney £32m in pay and shares after finding ‘serious misconduct’

Oil firm concludes former chief misled board when it sought assurances over disclosure of personal relationships

The Guardian - UK

Best glitter lip glosses to add a touch of sparkle

Pouts that glisten will bring a smile to your face

Evening Standard

Crude Prices Rebound on a Large EIA Crude Stockpile Drawdown

January WTI crude oil (CLF24 ) this morning is up +0.93 (+1.36%), and Jan RBOB gasoline (RBF24 ) is up +4.29 (+2.17%). Crude oil and gasoline prices this morning recovered from early losses and are moderately higher after weekly EIA crude inventories fell more than expected. Energy prices today initially...

Barchart

Energy firm fined £160k for flaring gas into Scottish waters without consent

An oil and gas company has been handed the highest fine to date by the North Sea Transition Authority (NSTA) for flaring and venting more than 73…

The National (Scotland)

Saudi registrants for COP28 included undeclared oil company employees, nonprofit says

At least 15 people who registered for Saudi Arabia’s delegation to the COP28 climate conference in Dubai appear to be undeclared employees of the Saudi state oil company, according to research by an environmental nonprofit

The Independent UK

Will Oil Stocks Go Up in 2024? Warren Buffett Doesn’t Seem to Think So.

U.S. oil prices are trading below $70 per barrel, which has pushed oil stocks lower. Will oil stocks recover and go higher in 2024? Here's how Warren Buffett's views stack against Wall Street analysts.

Barchart

The last residents of a coastal Mexican town destroyed by climate change

Flooding has destroyed the Mexican town of El Bosque

The Independent UK

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Tom’s Hardware

Oil leaks and fan bearing noise force voluntary product recall for Enermax Revolution D.F. 2 and D.F. X power supplies

Enermax noticed some of the fans used in the Revolution D.F. 2 and D.F. X series are leaking oil and hence doing a voluntary recall to be replaced with better fan bearings

The Guardian - AU

‘The age of fossil fuels will end’: Australia’s Chris Bowen hails Cop28 agreement

Climate change minister says deal is not perfect but ‘transition away’ from oil and gas sends clear message to investors

StockNews.com

Are These 3 Energy Stocks a Buy or Hold for December?

The oil industry is expected to sustain momentum with an anticipated price rise in the coming year. Considering this, let's explore whether to buy or hold energy stocks Permianville Royalty Trust (PVL), Schlumberger Limited (SLB), and Subsea 7 (SUBCY) this December. Read on….

Al Jazeera

Analysis: Is the Houthi threat to world order worse than the war on Gaza?

In economic and security calcualtions, the world is pragmatically less concerned with war on Gaza than with shipping.

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news in one place.

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The Independent UK

Analysis: At COP28, Sultan al-Jaber got what the UAE wanted. Others leave it wanting much more

As the United Nations COP28 climate summit ended Wednesday, Sultan al-Jaber walked out with what the United Arab Emirates wanted all along

The National (Scotland)

Grangemouth boss tells MSPs it is not known when refinery will close

IT is not known exactly when the Grangemouth oil refinery will close, MSPs have heard.

The Conversation

Die Hard is a Christmas (terrorism) movie

The following article contains spoilers for Die Hard.

Evening Standard

Cop28: what is the draft climate agreement? Key takeaways from the summit

A landmark transition away from fossil fuels agreed at Cop28 has been met with a mixed response

International Business Times

Hasty Gavel And Standing Ovation Bring Down COP28 Curtain

The proud president of COP28 had no time left to lose. The delegates gathered in the oil-rich UAE since November 30 barely had time to sit down before the deal was declared adopted.

International Business Times

UAE's Jaber, Oil Boss Who Brokered 'Beginning Of End' For Fossil Fuels

Sultan Al Jaber, the UAE oil chief who headed COP28 in Dubai, promised that this year's UN climate talks would be "different".

The Guardian - UK

After 30 years of waiting, Cop28 deal addresses the elephant in the room

He was personally vilified, but Sultan Al Jaber has managed what no other Cop presidency has ever done

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