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The Latest Breaking News from Oil

Shipping companies agree to pay $45 million in O.C. oil spill lawsuits

LOS ANGELES — Companies linked to two cargo ships accused of damaging a pipeline months before it ruptured, sending crude oil gushing into the waters off Orange County, have agreed to pay $45 million to settle lawsuits brought by business owners and residents, attorneys said Thursday.

Los Angeles Times

Michael Hiltzik: Big oil companies are already reneging on their global warming promises

If there's an enduring truism about corporate promises to do well by doing good, it's that believing them is a mug's game.

Los Angeles Times

Tories refusal to help cut bills will put greedy oil firms before hard-pressed families

Consumer champion Martin Lewis has warned that raising the cap would be an act of national self-harm at a time when so many people are struggling with the cost of living

Daily Mirror

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Firm: Faulty weld, pressure on pipe led to Kansas oil spill

The operator of an oil pipeline says a faulty weld at a bend in an oil pipeline contributed to a spill that dumped nearly 13,000 bathtubs’ worth of crude oil into a northeastern Kansas creek

The Independent UK

NatWest to end new business loans for oil and gas extraction

Bank also plans to phase out similar lending for existing customers under its first climate transition plan

The Guardian - UK

New Ways and Means GOP members bring energy, agricultural focus - Roll Call

Newcomers on the GOP-led House Ways and Means Committee plan to focus on rural communities and a fossil fuel inclusive energy platform.

Roll Call

Corporations turn to ballot to combat California's progressive agenda, raising alarms

SACRAMENTO, Calif. — Twice in the last two weeks, major corporations have scored wins in their fights against progressive policies approved by Democrats at the California Capitol.

Los Angeles Times

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3 Low-Risk Stocks to Buy in February 2023

With the U.S. economy adding significantly higher jobs than expected in January, the Fed could be prompted to raise the benchmark interest rates higher than projected. Amid this uncertainty, it could be prudent to buy less volatile and solid dividend-paying stocks such as KT Corporation (KT), Weis Markets (WMK), and…

StockNews.com

Dublin Fire Brigade issue stark frying pan warning after household blaze

The fire service shared photos on Twitter of a burnt out kitchen, which was destroyed thanks to a cooking oil fire

Dublin Live

Pancake Day: Top tips for making great pancakes from a professional chef

Here are a few tips so you don’t have to waste the first pancake

Evening Standard

Quick Fix: Cinnamon, cayenne pepper add sweet and spicy flavor to pork recipe

Pork is known as the other white meat. For this easy dinner, I added a sweet and spicy flavor to pork tenderloin slices using the sweet flavor of cinnamon with a touch of cayenne pepper for spice.

Tribune News Service

Pancake Day 2023: Shrove Tuesday recipes and the meaning behind special celebration

Shrove Tuesday is a special religious celebration within the Christian community, but many people from all walks of life take part in the tradition - because who doesn't love pancakes?

Edinburgh Live

Andhra Pradesh: 7 Workers Killed After Inhaling Toxic Gas While Cleaning Oil Tank In Kakinada

Seven labourers reportedly died due to suffocation while they were engaged in the removal of oil sludge in an edible oil tanker on Thursday in Kakinada. Read further on Dynamite News:

Dynamite News

India Says Gulf Countries Remain Major Oil Suppliers

India is the third largest oil consumer in the world and accounts for 30 percent of global consumption, announced Indian Energy Minister Hardeep Singh Puri. The Minister asserted that India diversified its sources of energy imports but would continue to buy most of its oil from the Middle East for…

Asharq Al-Awsat

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Reuters

Fuel and cash shortages rile Nigerian voters heading into election

At a fuel station in Nigeria's commercial capital, tempers flare and harsh words are exchanged as motorists wait in line for hours to fill up their tanks at one of the few outlets with petrol left in the vicinity.

The Guardian - US

‘Monster profits’ for energy giants reveal a self-destructive fossil fuel resurgence

Last year’s combined $200bn profit for the ‘big five’ oil and gas companies brings little hope of driving down emissions

Evening Standard

Best hair smoothing products to fight frizziness from shampoos to masks

Smooth locks are just a swish away.

Daily Mirror

Just Stop Oil activists who glued themselves to Da Vinci painting fined just £175 each

Caspar Hughes sprayed onto the wall 'no new oil' and then he and Simon Bramwell, Jessica Agar, Lucy Porter and Tristan Strange glued themselves to the frame of the painting in July last year

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The Conversation

Global supply chains are devouring what's left of Earth's unspoilt forests

While farming continues to drive deforestation around the world, 60% of the destruction of Earth’s large, intact forests is caused by other forces. In particular, our research shows that more than one-third of this destruction can be blamed on the production of commodities for export, particularly timber, minerals and oil…

The Guardian - UK

Shell directors personally sued over ‘flawed’ climate strategy

Claimants ClientEarth say the oil company’s plan puts the company at financial risk as the world transitions to clean energy

The Independent UK

Biden's oil comments spark debate over energy production

President Joe Biden has sparked a firestorm by saying in his State of the Union address that the United States will need oil “for at least another decade

The Guardian - AU

Fossil fuel companies won’t save us from climate change. We need governments to step up

The fallout when the industry fails to act is still smaller than the rewards for pumping out more pollution

France 24

TotalEnergies caps off record-breaking week of Big Oil profits

The Big Oil bonanza keeps on coming, as France's TotalEnergies rounds out a week of record profits. Oil and gas giants have faced growing criticism about their environmental impact, as well as calls to pay higher taxes while households and businesses struggle with high energy prices. Also in the show:…

Bangkok Post

Thai economic prospects far from rosy

Logically, one would imagine that 2023 would be a much better year than 2022. Covid is over in every corner of the earth and economic activities resume. The world oil price is below US$80 (2,677 baht) per barrel and inflation is coming down. At the first meeting of 2023, the…

Bangkok Post

Department upbeat on revenue goal

The Revenue Department expects to meet its revenue collection target for fiscal 2023 because of the economic recovery, says director-general Lavaron Sangsnit.

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