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The Latest Breaking News from Oil

Scottish financial sector faces up to energy transition risks

As a new report warns of potential job losses and bail outs, Insider asks what firms and government are doing to reduce potential harms

Insider UK

Pirates KIDNAP three sailors after hijacking chemical and oil tanker six days ago

Pirates boarded and hijacked an oil tanker six days ago in the Gulf of Guinea, south of Nigeria, since then British and French navies have helped the company try and track down the missing ship

Daily Mirror

OPEC+ Unlikely to Tweak Oil Policy in Monday Talks

OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters, after oil prices recovered following a drop to 15-month lows. Oil has recovered towards $80 a barrel for Brent crude after falling to near…

Asharq Al-Awsat

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Shadowy brokers walk off with billions in Venezuelan oil

Dozens of obscure brokers are at the center of a new crackdown in Venezuela on corruption in the state-run oil industry that has government insiders scurrying for cover

The Independent UK

Crude Closes Higher on Dollar Weakness and Equity Optimism

May WTI crude oil (CLK23 ) on Thursday closed up +1.40 (+1.92%), and May RBOB gasoline (RBJ23 ) closed up +0.05 (+0.02%). Crude oil and gasoline prices Thursday posted moderate gains. Dollar weakness Thursday supported energy prices. Also, Thursday's rally in the S&P 500 to a 3-1/2 week high bolsters...

Barchart

House passes GOP energy bill

WASHINGTON — The House on Thursday passed energy, permitting and infrastructure legislation that Republicans have described as a top priority, drawing support from a handful of Democrats on a 225-204 vote.

Tribune News Service

Concerned Edinburgh residents spot 'oil slick' in Water of Leith as investigation launched

Environmental experts have launched an investigation after concerned residents raised the alarm after spotting an 'oil leak' in the water of Leith on Thursday.

Edinburgh Live

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The Guardian view on Rishi Sunak’s energy plan: playing with fire

Editorial: The government has chosen oil and gas over renewables, increasing the climate threat

The Guardian - UK

AOC: GOP bill may be written by Big Oil

The sweeping bill amounts to a "trickle down fantasy" to hand profits to fossil fuel companies, she said

Salon

Ecuador lawmaker says there is 'compelling' graft evidence against President Lasso

Ecuador's opposition has compelling evidence to present against President Guillermo Lasso at his impeachment hearing, a lawmaker said on Thursday, including irregularities in a crude oil shipping contract, accusations Lasso vehemently denied in a televised message.

Reuters

Gateshead oil rig worker jailed for trying to have online sex chats with children

Alex Elder, of Gateshead, thought he was talking to two girls aged 13 and 14 but in fact they were decoy profiles set up by paedophile hunters

Chronicle Live

Crude Climbs on Dollar Weakness and Economic Optimism

May WTI crude oil (CLK23 ) this morning is up +1.22 (+1.67%), and May RBOB gasoline (RBJ23 ) is up +0.50 (+0.19%). May Nymex natural gas (NGK23 ) is down -0.070 (-3.21%). Crude oil and gasoline prices this morning are moderately higher. Dollar weakness today is pushing energy prices higher....

Barchart

UK Government refuses to commit to blocking Rosebank oil and gas field near Shetland

It is the largest such field in the North Sea area, capable of producing 69,000 barrels of oil and 44 million cubic feet of gas per day

The National (Scotland)

Why a serious climate strategy is almost impossible in the UK's current political system

The UK government reportedly chose Aberdeen, its carbonisation capital, as the original location to relaunch its de-carbonisation strategy. The strategy, now published, has been strongly criticised by environmentalists. Part of the plan to transition the country away from oil and gas is to allow highly subsidised, mostly foreign-owned companies to…

The Conversation

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Insider UK

'Lessons must be learned' from coal during oil and gas transition

CIPD policy adviser and SSE HR director discuss how best to manage the move to renewable energy

StockNews.com

2 Oil Stocks Gassing up to Push Farther Ahead

Although fears of an economic downturn have considerably heightened, constrained oil supply and increased demand for oil and gas could create a sustained tailwind for the energy sector. Given this backdrop, the strong fundamentals of Cheniere Energy Partners (CQP) and CrossAmerica Partners (CAPL) might make them ideal buys now. Read…

The Guardian - UK

£3.5m of Tory donations linked to pollution and climate denial, says report

Millions given to party and MPs last year came from entities linked to fossil fuels, high-polluting industries and climate denial

The National (Scotland)

UK Government must shelve ‘ill thought out’ nuclear plans, warn Scottish Greens

The Scottish Greens have called for Downing Street to shelve plans for new oil and gas exploration and nuclear power...

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Roll Call

House passes GOP energy bill - Roll Call

The House on Thursday passed energy, permitting and infrastructure legislation that Republicans have described as a top priority.

The Guardian - UK

How could the UK’s net zero plan involve new oil and gas? It’s mind-bogglingly stupid

The Conservatives are cynically using carbon capture and storage as a get-out-of-jail card, says Bill McGuire, professor emeritus of geophysical and climate hazards at UCL

Caixin Global

China Chalks Up Fresh Win for Yuan Internationalization With LNG Trade

State-owned China National Offshore Oil completes purchase of more than 60,000 tons of liquefied natural gas from French giant TotalEnergies

The Guardian - US

Progressives decry Biden’s pivot to center in run-up to 2024: ‘Feet to the fire’

From oil to immigration, the president’s reversal from his 2020 campaign pledges might turn away more voters than it attracts

Tribune News Service

Quick Fix: Welcome spring with Sheet-Pan Sesame Salmon

Here’s an easy dinner to welcome spring. Wild salmon season is starting now. For this easy dinner, I added fresh asparagus and new potatoes to complete the meal.

The Independent UK

Penalties for homeowners sticking with gas is no ‘rip out your boiler’ plan, insists minister

‘We’re not forcing anyone to remove gas boiler’, says energy secretary Grant Shapps

The Independent UK

Modern Korean recipes to feed the soul

Su Scott’s new book ‘Rice Table’ is a love letter to her daughter, spanning identity, immigration and how we build a story of our heritage through food. But mainly, says Prudence Wade, it’s delicious. Here’s three recipes

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