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The Latest Breaking News from Oil

Petrostate windfall tax would help poor countries in climate crisis, says Brown

Former British PM calls for 3% levy on oil and gas export revenues of biggest producers to generate $25bn a year for global south

The Guardian - UK

How do we raise trillions of dollars to fight the climate crisis? The answer is staring us in the face

The profits for oil and gas companies have reached truly staggering proportions. A simple levy could funnel money to the global south, says former UK prime minister Gordon Brown

The Guardian - UK

Gordon Brown: States that profited from oil surge should pay global windfall

The former prime minister said a share of profits should help poorer nations fight climate change.

The Independent UK

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read the most diverse news in one place.

Are fish oil supplements as healthy as we think? And is eating fish better?

Fish oil, which contains omega-3 fatty acids, is promoted for a number of health benefits – from boosting our heart health, protecting our brain from dementia, and easing the symptoms of rheumatoid arthritis.

The Conversation

Ebrahim Golestan obituary

Iranian writer and film-maker who was a prominent figure in the country’s new wave of cinema

The Guardian - UK

My Favorite Energy Stock Under $10

Oil is back in the headlines as it has rocketed higher on a combination of factors over the past two months. This means oil stocks should definitely be back on your radar. And this under $10 oil stock has popped up on the POWR Ratings radar, Battalion Oil (BATL).

StockNews.com

How I learned to tell my own story as a South Asian woman

As a child, I wanted to belong, but didn’t see brown girls like me in culture. I’d like space for our stories to be told, too

The Guardian - UK

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Vishwesh Bhatt’s recipe for black-eyed pea griddle cakes

Serve these cakes as a vegan weekend breakfast or with meat – the flavour variations are almost limitless

The Guardian - UK

After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home

The California Legislature sent a wide range of bills to Gov. Gavin Newsom's desk this year to help the state mitigate and adapt to climate change

The Independent UK

Sarah Stogner announces second campaign for the Texas Railroad Commission

After losing in a Republican runoff last year, Stogner said she plans to challenge incumbent Chair Christi Craddick as a member of the Forward Party.

The Texas Tribune

Homemakers showcase skills at The Hindu ‘Our State Our Taste’ contest in Villupuram

174 participants showcased culinary skills at 4th edition of 'Our State Our Taste' in Villupuram. Homemakers & youngsters presented dishes made with Gold Winner cooking oil & millets. Judges headed by chef Dhamu judged dishes on taste, texture, flavour & presentation. R. Jayasudha won w/Adhirasam & 3 other dishes. Meera…

The Hindu

The east German town at the centre of the new ‘gold rush’ … for lithium

Refining the metal, which is essential for electric car batteries, in Europe would ease the EU’s precarious reliance on China

The Guardian - UK

Three, including farmer, electrocuted in palm oil field in Kakinada district

The bodies have been sent to Pithapuram government hospital for post-mortem. The police have registered a case and the investigation is on.

The Hindu

Tight Global Supplies Boost Crude Prices

November WTI crude oil (CLX23 ) on Friday closed up +0.40 (+0.45%), and Nov RBOB gasoline (RBX23 ) closed down -5.62 (-2.19%). Nov WTI crude oil and gasoline prices on Friday settled mixed, with gasoline falling to a 2-week low. A rally in the dollar index today to a 6-1/2...

Barchart

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Fortune

Bill Gates gets real about climate change: Planting trees is ‘complete nonsense’ but the end of the oil and gas era is finally in sight

The billionaire says he’s “the person who’s doing the most" on climate innovation and solution and trees are a distraction. “Are we science people or are we idiots?”

Barchart

Is Transocean Stock a Buy as Oil Prices Remain Elevated?

As oil prices hover near their year-to-date highs, is Transocean stock worth buying at current levels?

Fortune

JPMorgan's energy guru Malek warns oil prices are headed to $100 per barrel. 'Put your seatbelts on, it's going to be a very volatile supercycle'

Lower investment in new oil production and production cuts by many producers will lead to higher crude prices for years to come, a JPMorgan analyst warns.

StockNews.com

Exxon Mobil (XOM) – Is It Time to Buy or Wait on This Energy Stock?

Exxon Mobil (XOM) expects its motor fuels and chemical earnings to increase due to heightened demand. However, with legal troubles looming and a possible slowdown in fossil fuel demand, should investors consider buying the stock now? Let’s look at its financial metrics to gauge its prospects….

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Barchart

Crude Prices Underpinned by Tight Global Supplies

November WTI crude oil (CLX23 ) this morning is up +0.81 (+0.90%), and Nov RBOB gasoline (RBX23 ) is down -1.29 (-0.50%). Nov WTI crude oil and gasoline prices this morning are mixed. A rally in the dollar index today to a 6-1/2 month high is bearish for energy prices....

The Independent UK

Judge blocks government plan to scale back Gulf oil lease sale to protect whale species

A federal judge has ordered the Interior Department to expand next week’s scheduled sale of Gulf of Mexico oil and gas leases by millions of acres

Capital & Main

Exclude Fossil Fuel Firms From Cop28 if They Only Want to Obstruct, Says Ex-UN Chief

This story originally appeared in the Guardian and is part of Covering Climate Now, a global journalism collaboration strengthening coverage of the climate story.

Capital & Main

Landmark Climate Bill Bucks Industry Pressure as Big Oil Mocks Need to Transition

The legislation would set a precedent by requiring large companies to disclose total greenhouse gas emissions.

The Guardian - UK

UAE oil company executives working with Cop28 team, leak reveals

Exclusive: two PR professionals from national oil firm listed as providing ‘support’ to team running UN climate summit

Barchart

Exxon Is Gushing Huge Amounts of Free Cash Flow - XOM Stock Could Rise Further

Exxon will gain from the 30% spike in oil prices in Q3. That means its free cash flow is likely going to be significantly higher than Q2. XOM stock rise could lead to profitable short-put plays.

Fortune

Putin’s war machine risks running out of fuel, so Russia is banning the export of gasoline and diesel

The Russian leader has attempted to shield the worst effects of the war from his countrymen, but prices for the fuels have been reaching record levels domestically.

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