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The Latest Breaking News from Oil

Army of fake social media accounts defend UAE presidency of climate summit

Sultan Al Jaber – Cop28 president and CEO of state oil firm – is ‘ally the climate movement needs’, posts say

The Guardian - UK

Labour donor Dale Vince joins Just Stop Oil protest in Westminster

The green entrepreneur, who has donated thousands of pounds to the group, joined a demonstration for the first time.

The Independent UK

Conman's £1.2million mansion disguised as a SHED hiding luxury goods and antiques

Fraudster Alan Yeomans hid half of a six-bedroom mansion in Derbyshire, concealing it as a farm shed, where he kept antiques, oil paintings, and a £10,000 Rolex watch

Daily Mirror

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Over 20 Years, Texas Allowed 1 Billion Pounds Excess Emissions

So-called "excess" emissions have ballooned in Texas, thanks to an almost total lack of enforcement, report Grist and Science Friday.

Texas Observer

Alarm at rightwing push to reverse clean-energy success in Texas and beyond

Supporters of clean energy say they expect further battles ahead to prevent state’s progress in solar and wind from being unwound

The Guardian - US

3 Foreign Oil Stocks to Buy for Value

Despite macroeconomic headwinds, strong global oil demand and constrained supply as Saudi signaled more output cuts could likely boost oil prices this year. Amid this, fundamentally strong foreign oil stocks BP (BP), Repsol (REPYY), and Ultrapar (UGP), currently trading at a discount, could be ideal investments. Keep reading….

StockNews.com

What is e-fuel? Synthetic petrol could displace electric vehicles

You can make car fuel without crude oil, but do e-fuels show a visible future for the internal combustion engine?

Evening Standard

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Labour MP defends plans to block North Sea drilling against union criticism

Seema Malhotra says party wants to see jobs transferred to green energy industries, not lost

The Guardian - UK

Just Stop Oil activists attacked during protest in central London

Just Stop Oil supporters were pushed off the road by angry members of the public during a slow march through central London on Thursday morning.

Evening Standard

Wood refutes oil and gas expansion criticism following green loan

Analysis of accounts suggests growth of fossil fuel-based divisions since £430m government-backed deal

Insider UK

Prax swoops for oil exploration company Hurricane Energy to support refining and distribution

Lindsey Oil Refinery owner completes strategic move

Birmingham Post

Biden and Sunak hold press conference as new transatlantic deal unveiled – as it happened

US president and UK prime minister announce plan to bolster economic security in response to China’s growing influence

The Guardian - UK

Malaysia, Indonesia end 18-year sea border disputes, vow to cooperate in defending palm oil industry

Malaysia and Indonesia have signed agreements to end longstanding sea border disputes and vowed to bolster cooperation to fight “highly detrimental discriminatory” measures against palm oil

The Independent UK

Probe into official's attempt to release smuggled oil truck

The Excise Department is investigating an allegation that one of its high-level officials tried to persuade police to let go of a truck carrying 15,000 litres of smuggled oil.

Bangkok Post

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Bangkok Post

HPD to probe oil tanker bribe

The Highway Police Division (HPD) will set up a committee to look into a recent attempt by a senior official at the Excise Department to lobby the HPD to avoid taking legal action against a tanker carrying illegal oil.

The Guardian - UK

Labour donor Dale Vince: ‘I do want to influence policy but not by buying access’

Ecotricity founder and Just Stop Oil supporter hits back at Tory attacks as Rishi Sunak claims ‘eco-zealots’ steering Keir Starmer

The Independent UK

‘Eco-zealots’ are writing Labour’s energy policy, says Sunak

Rishi Sunak suggested Labour’s plans to end North Sea oil and gas exploration amounted to an ‘energy surrender’ which would benefit Vladimir Putin.

Bangkok Post

Authorities to drive ahead with oil plan

Energy authorities are continuing their push for the National Oil Plan, aiming to generate 170 billion baht for the Thai economy through a range of projects, including further development of cleaner energy, says the Department of Energy Business.

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Barchart

Crude Rallies on an Unexpected Decline in Weekly EIA Crude Inventories

July WTI crude oil (CLN23 ) on Wednesday closed up +0.79 (+1.10%), and July RBOB gasoline (RBN23 ) closed up +7.69 (+3.00%). Crude oil and gasoline prices Wednesday closed moderately higher. Signs of stronger Chinese crude demand pushed prices higher, as did a jump in U.S refinery runs to a...

Daily Mirror

Hell underwater as 'Russian attack' on Ukraine dam leaves entire towns submerged

President Zelensky called the aftermath an 'environmental bomb of mass destruction', as fears grew of an eco disaster from polluted waters, partly caused by oil leaking from the dam’s machinery

The Hindu

Nigeria’s new President faces old problems

Nigeria’s new President, Bola Ahmed Tinubum, has acknowledged the country’s many stubborn challenges and plans confronting them

Liverpool Echo

Major £55m development could create more than 500 jobs

There have been some objections to the proposal

Salon

Spaghetti and meatballs — with a twist

"The Pasta Man" presents a spaghetti and meatball (sans meat!) recipe that offers a fresh spin on the traditional

Barchart

Exxon’s Plan to Monetize “Carbon Capture”

Nucor Corporation has recently entered into a partnership with Exxon Mobil to implement a carbon capture, transportation, and storage initiative at its direct reduced iron (DRI) facility in Convent, Louisiana.

The Independent UK

Saudi-PGA golf deal a stunning turnaround for once-shunned Crown Prince Mohammed

After years of isolation over his human rights abuses, Saudi Arabia’s crown prince is elevating his standing in the United States in part by diving into American sports, business and culture

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