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The Latest Breaking News from Oil

New Mexico’s Budget Battles Continue While a Hydrogen Development Bill (Likely) Appears

The Advanced Energy Technology Act clearly echoes last year’s quartet of failed hydrogen bills that promoted public-private partnerships.

Capital & Main

New NTSB Report Highlights Useless, Premature Regulatory Push After East Palestine Derailment

Plus: Ex-felons and the right to vote, Gavin Newsom's plan to cap oil company profits collides with reality, and more...

Reason

EU hits Russia with more sanctions 1 Year after invasion

European Union member states backed a 10th package of sanctions on Russia including tighter export restrictions and technology controls, as well as requiring banks to report information on Russian Central Bank and other sanctioned assets they hold.

Tribune News Service

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Extra delicious! 10 easy, unexpected ways with olive oil – from ice-cream to a beautiful bloody mary

Want to try the simplest Ferran Adrià recipe ever? His chocolate on bread is here – as well as a surprising cheesecake, healthy energy drink and a superbly rich hot chocolate

The Guardian - UK

Indonesia’s palm oil tycoon Darmadi gets 15 years for corruption

Surya Darmadi ordered to repay the state equivalent of $2.6bn over corruption scheme that cleared protected forests.

Al Jazeera

How China and India’s appetite for oil and gas kept Russia afloat

Russia’s economy has been able to weather Western-led sanctions in large part due to strong energy exports.

Al Jazeera

Motormouth: Do I really need an oil change?

Q: I have a 2007 Honda Civic EX with 22,365 miles on it. The owner's manual says to change the oil when the dashboard indicator displays 15% oil life, and the indicator has never gone below 80%. Yet every year the dealer tells me that the oil needs to be…

Tribune News Service

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Why is the Russian economy holding up against Western sanctions?

Despite nine sets of sanctions imposed by the European Union, the Russian economy only experienced a small contraction of its GDP in 2022. The "resilience" of the Russian economy was hailed on Tuesday by President Vladimir Putin during his state of the nation address. However, certain Western observers and politicians…

France 24

Severe dollar crisis hobbles Bangladesh businesses

The import-dependent nation is facing economic hardship in the wake of Russia’s invasion of Ukraine as prices shoot up.

Al Jazeera

Hair expert recommends £1 product to give 'topcoat' to hair, reducing friction

A trichologist has recommended a £1 product which acts like a 'topcoat' for the hair, reducing friction and thus breakage - but she also had recommendations for shampooing and conditioning too

Daily Mirror

Spy close to Vladimir Putin’s foreign intelligence chief mysteriously dies

Ultra-secretive Russian oil magnate Viatcheslav Rovneiko, who was a former spy and close to Vladimir Putin’s foreign intelligence chief, has died in mysterious circumstances near Moscow

Daily Mirror

War in Ukraine has reshaped global energy markets - Roll Call

Russia's invasion has been a boon for U.S. oil and gas companies but might also help address the climate crisis.

Roll Call

Home heating oil prices continue to drop as petrol hits 'one-year-low'

The Consumer Council has published data on the average cost of 500 litres of oil for your home

Belfast Live

After oil: the challenge and promise of getting the world off fossil fuels – podcast

Our dependence on fossil fuels is one of the biggest challenges to overcome in the fight against climate change. But production and consumption of fossil fuels is on the rise, and expected to peak within the next decade.

The Conversation

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StockNews.com

2 Oil and Gas Stocks With Major Upside Potential

Improved demand from the Chinese economy and increasing air travel have created tailwinds for the energy sector. Given this backdrop, fundamentally strong energy stocks HF Sinclair (DINO) and PBF Energy (PBF), with major upside potential, might be solid buys in 2023. Read on….

The Guardian - AU

Methane from Australian coal and gas could be 60% higher than estimated

Data released by the International Energy Agency leads to renewed calls for more emission cuts and block on new projects

Salon

3% of oil profits could clean up methane

"There is just no excuse" for the rise in methane emissions last year, IEA director says

The Guardian - UK

First Thing: Massive majority expected in UN’s demand for Russia to leave Ukraine

Global south countries including China, South Africa and India expected to abstain. Plus, why Starbucks is putting virgin olive oil in coffee

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Asharq Al-Awsat

Oil Edges Up as Market Weighs Economy, Awaits Inventory Data

Oil prices edged up on Thursday, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and demand. Investors in energy markets are weighing the prospects for China's reviving demand against tepid consumption in the United States and other…

The Guardian - AU

Afternoon Update: anger over Qantas’s record profit; Ivanka Trump and Jared Kushner subpoenaed; and Starbucks’ olive oil coffee

Qantas the latest company to announce record profits, causing anger among some travellers and a Labor senator

The Guardian - UK

Buncefield: the PFAS legacy of ‘biggest fire in peacetime Europe’

Wayne Crossman, a firefighter deployed to the oil depot after the huge explosion in 2005, suspects firefighting foam contributed to his myeloid leukaemia

Los Angeles Times

California tries to cap oil company profits. Figuring out how is challenge

SACRAMENTO, Calif. — Nearly five months after Gavin Newsom initially called for a penalty on excessive oil company profits, the governor and lawmakers in Sacramento appear no closer to deciding how to prevent the kind of gasoline price spikes that Californians experienced last year.

Bangkok Post

Crude palm oil exports set to hit 1m tonnes

Crude palm oil exports may reach 1 million tonnes this year, up from 919,000 tonnes last year, driven by a higher supply of oil palm and strong demand from India and China, according to the Commerce Ministry.

Salon

High gas prices lead to climate rollback

Industry lobbyists' well-funded referendum could sway voters with misinformation

The Independent UK

Biden considers 1st offshore wind auction in Gulf of Mexico

The Biden administration said Wednesday it is considering the first-ever lease sale for offshore wind energy in the Gulf of Mexico, a key part of a push to deploy 30 gigawatts of offshore wind by 2030 to help fight climate change

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