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The Latest Breaking News from Oil

How to win over Alberta on the 'just transition' to a low-carbon energy sector

Federal Natural Resources Minister Jonathan Wilkinson recently announced that “just transition” legislation is forthcoming that will help Canadian oil and gas workers move into jobs in the low-carbon energy sector.

The Conversation

Reliance, BPCL among buyers using UAE currency for Russian oil

Reliance Industries, Bharat Petroleum Corp and Nayara Energy are among Indian refiners using United Arab Emirates dirham to pay for some shipments of Russian crude as they navigate Western sanctions.

The Times of India

Oil major TotalEnergies doubles annual profit to $36 billion

France’s TotalEnergies SE doubled its profits in 2022, joining other international oil and gas companies in fattening their bottom lines as high energy prices surged after Russia’s invasion of Ukraine

The Independent UK

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Activists target oil and gas giant's HQ after firm posts huge profits

Equinor's 2022 profits were a staggering £23.8bn ($28.7bn) compared to the £7.1bn ($8.6bn) they made in 2021.

The National (Scotland)

Why energy companies are making so much profit despite UK windfall taxes

Russia’s invasion of Ukraine last year caused oil and gas prices to surge, triggering a cost of living crisis in many countries, including the UK.

The Conversation

Jury out on Just Stop Oil activists accused of causing nuisance at Grand Prix

Six defendants deny causing a risk of serious harm to Formula 1 drivers and marshals during last year’s race at Silverstone.

The Independent UK

Leonardo would have backed gallery protest, say Just Stop Oil activists

Five members of group convicted of criminal damage and fined after gluing themselves to painting in London

The Guardian - UK

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Pakistani minister says fuel supplies adequate, warns against hoarding

Pakistan's government said on Wednesday it was not planning to hike fuel prices and warned oil companies against stockpiling petrol after some consumers complained they had been unable to purchase fuel at pumps.

Reuters

Best toners for oily skin to reduce blemishes and shine

Feel squeaky clean

Evening Standard

Pancake Day: Shrove Tuesday recipes for the fluffiest and tastiest treat

If you need a fluffy American pancake recipe, then look no further as not only do we have that, we know where you can get it from at the cheapest prices. Thank us later.

Glasgow Live

Biden hawks climate victories in SOTU

"The climate crisis doesn't care if your state is red or blue"

Salon

Eco-protesters fined over painting protest say da Vinci would ‘agree’ with them

Five Just Stop Oil activists have been fined £486 each at City of London Magistrates’ Court.

The Independent UK

Beauty road test: do Australian makeup brands wear better in challenging climates?

From primer to SPF to cleansers, local brands claim to work well in harsh sun and humidity. We put nine products to the test

The Guardian - AU

Sensex rebounds 377 points, Nifty closes above 17,850 as RBI slows down rate hike

MUMBAI: Benchmark sensex rebounded 377 points while Nifty closed above the 17,850 level on buying in IT, financial and oil stocks after the RBI slowed down the pace of interest rate hikes on Wednesday.

The Times of India

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Daily Record

Martin Lewis shares new energy payment update for households due £200 and £400 heating bill help

One-off payments are being made to people off-grid using oil or LPG and those living in park homes.

Radio France Internationale

France's TotalEnergies announces record profits of €18bn, higher payout for shareholders

The French fossil fuel exploitation multinational, TotalEnergies, said on Wednesday that high oil and gas prices had bolstered its net profit to a record 18 billion euros in 2022. The company has announced higher dividend payments for shareholders.

The Guardian - UK

Britain’s biggest gas supplier accused of ‘profiteering’ from energy crisis

Climate campaigners hit out at Norwegian state-owned Equinor’s record £62bn profits as household bills rise

The Times of India

Adani Wilmar Q3 net profit rises 15% to Rs 246.11 crore

NEW DELHI: Edible oil major Adani Wilmar Ltd on Wednesday reported a 15 per cent increase in its consolidated profit to Rs 246.11 crore for the third quarter ended December 2022, on higher revenue.

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news in one place.

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France 24

Confident Biden highlights strength of US economy in State of the Union speech

In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes…

Los Angeles Times

Editorial: Oil companies spent millions to keep drilling in neighborhoods. California shouldn’t let them

The oil industry spent $20 million on a misleading campaign to overturn a new California law that bans new drilling within 3,200 feet of homes and schools — and it’s paying off.

Tribune News Service

Motormouth: Why is car using so much oil?

Q: I have a 2015 Audi Q5. The oil light goes on indicating it needs a quart of oil. We add the quart, but after approximately 800-1,000 miles, it calls for more oil. This continues and we have had two mechanics and the dealer look at the car, and no…

Asharq Al-Awsat

Mali Says No Need to Justify Russia as Partner as Lavrov Visits

Mali's foreign minister said on Tuesday it had no need to justify working with Russia on strengthening its military capabilities and importing oil and wheat, despite Western concerns. Abdoulaye Diop was speaking as Russian Foreign Minister Sergei Lavrov made his first visit to the West African nation, where militants linked…

France 24

Ukraine ‘can count on France to win this war’, Macron tells Zelensky in Paris

President Emmanuel Macron said France would stand firmly by Ukraine in its war against Russia as he stood alongside Ukrainian President Volodomyr Zelensky and German Chancellor Olaf Scholz at the Élysée presidential palace in Paris. The Ukrainian leader’s visit comes hours after he addressed a joint session of the British…

Businessweek

Shell’s Grand Plan to Fight Climate Change (and Continue to Cause It)

The company is investing billions of dollars in zero- and low-carbon energy solutions, but selling oil and gas at record profits is a hard habit to break.

Daily Record

Oil giant BP pocketing £23 billion in profits is disgusting

Record View says BP's figures are disgusting as Scots struggle with their energy bills.

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