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The Latest Breaking News from Oil

Global climate talks begin in Dubai, with an oil executive in charge

This year's United Nations climate summit is being held in the petroleum-dependent United Arab Emirates. Delegates began by approving a landmark fund to pay for climate losses.

WEKU

COP28 begins: 4 issues that will determine if the UN climate summit is a success, from methane to money

The United Nations climate conference is underway in Dubai, and representatives from around the world will be confronting an extraordinary array of challenges over its two weeks. They carry with them some long-held – and new – grievances, and strong expectations.

The Conversation

COP28 Dubai: What were the gains of past five UN climate summits?

As COP28 commences in Dubai, here is a look at the major outcomes of the UN’s last five COPs and where they stand.

Al Jazeera

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Pressure builds to eliminate fossil fuel use as oil executive takes over climate talks

The pressure to phase out of fossil fuels is mounting on the oil company chief who Thursday took over fragile international climate negotiations that opened in Dubai amid concerns about what some say is contradictory dual roles

The Independent UK

3 Energy Gems to Buy Now

The escalating crude oil prices, bolstered by robust global energy demand, could provide an impetus for operators to amplify oil and natural gas production, creating fruitful prospects for the energy sector players. Therefore, energy gems Liberty Energy (LBRT), Delek US Holdings (DK), and Precision Drilling (PDS) could be wise portfolio…

StockNews.com

2 Option Ideas To Consider This Thursday

Today, we are using some moving average filters to find bearish stocks and then looking at a couple of option trade ideas.

Barchart

Leaders of world’s major cities call for phase-out of fossil fuels

As Cop28 conference begins, letter to heads of state from the C40 group says fossil fuels era must end

The Guardian - UK

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This is how much it *really* costs to run an oil-filled radiator – and 5 ways to make that price even cheaper

This affordable and portable heating option could be the answer to your winter woes

Ideal Home

Nations urged to take 'great leaps' at Cop28 UN climate conference in Dubai

The United Nations climate conference opens in Dubai on Thursday with nations under pressure to increase the urgency of action on global warming and wean off fossil fuels, amid intense scrutiny of oil-rich hosts United Arab Emirates.

Radio France Internationale

Starmer, Brown, Sunak and Hunt lead tributes to former chancellor Alistair Darling – as it happened

Alistair Darling was ‘one of the great chancellors’, says Jeremy Hunt, while Gordon Brown remembers ‘a statesman of unimpeachable integrity’

The Guardian - UK

Stock market today: Asian shares mostly higher ahead of US price update, OPEC+ meeting

Asian shares are mostly higher ahead of the release of U.S. consumer inflation data

The Independent UK

Just Stop Oil: Police detain protesters holding ‘wide awake’ demo outside Rishi Sunak’s London home

Met Police say 16 people were held at the protest in Kensington

Evening Standard

How do you reseason a cast iron skillet? A kitchen expert shares 4 steps to ensure your pan's longevity

It's a great addition to our cooking arsenal, but few of us know how to season our cast iron cookware correctly

Livingetc

COP28 Talks No Place To Boost Fossil Fuels Says Ex-UN Climate Boss

The UN's former climate chief said she was "giving up hope" that fossil fuel firms will be part of the solution to warming as pivotal COP28 talks start Thursday in oil-rich United Arab Emirates.

International Business Times

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The Independent UK

Waste not, feast lots: Creative ways to minimise festive waste and transform your Christmas leftovers

If you find yourself surrounded by mountains of leftovers this Betwixmas, these recipes from Gousto will keep the festive spirit going and the food waste down, says Sophie Nahmad

The Guardian - UK

We have to balance outrage with optimism, says UN’s former climate chief

Speaking in the lead up to Cop28 in Dubai, Christiana Figueres said she has lost faith in oil companies

The Independent UK

A look at what to expect as latest UN climate talks get under way in oil-rich UAE

The Middle East plays host to its second straight U.N. climate conference over the next two weeks, with countries hoping to agree on new ways to keep the planet from catastrophic heating by the end of the century

The Independent UK

OPEC+ suppliers struggle to agree on cuts to oil production even as prices tumble

The OPEC oil cartel led by Saudi Arabia and allied producers including Russia are trying to agree on cuts to the amount of crude they send to the world

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The Guardian - AU

Time running out to make prosperous transition to net zero emissions, Australia warned

Climate Change Authority tells Labor government rapid action is needed, including accelerating emissions cuts from oil and gas

France 24

COP28 president urges delegates, oil interests to cooperate as climate summit opens

The incoming COP28 president, Sultan al-Jaber, opened this year's UN climate summit by urging countries to find common ground in policies to meet global climate goals.

International Business Times

Nations Urged To Take 'Great Leaps' At UN Climate Talks

The two-week-long climate negotiations being held this year in the glitzy Gulf city come at a pivotal moment, with emissions still rising and this year likely to be the hottest in human history.

The Hindu

Jagan inaugurates, lays stone for various units

CM Jagan Mohan Reddy inaugurated 4.2 lakh tonne edible oil refinery, sesame seeds processing unit, 21 industrial dev. projects, factory complexes, maize-based food processing unit, Blue Fin Enterprises food products unit, tomato processing unit, pharma unit & nutraceuticals unit

The Guardian - UK

Who’s who at Cop28: the leaders with the world’s future in their hands

From fossil fuel chiefs to an outspoken UN secretary general, a look at who will attend the UAE’s climate summit

The Independent UK

Just Stop Oil protesters hold ‘wide awake’ demo outside Sunak’s London home

Metropolitan Police say 16 people were held at the protest in Kensington.

Barchart

Crude Oil Rallies Ahead of Thursday's OPEC+ Meeting

January WTI crude oil (CLF24 ) on Wednesday closed up +1.45 (+1.90%), and Jan RBOB gasoline (RBF24 ) closed up +0.0547 (+2.49%). Crude oil and gasoline prices Wednesday posted moderate gains, with crude climbing to a 1-week high and gasoline climbing to a 2-week high. Crude has support on signs...

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