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The Latest Breaking News from Oil

Saudi Aramco Acquires Largest Oil Refinery in North America

Saudi Aramco’s global trading arm has bought US firm Motiva Trading as it seeks to expand its footprint across North and South America. As well as acquiring 100 percent of the firm, Aramco Trading Co.

Asharq Al-Awsat

Harbour Energy blames job losses on windfall tax

Unspecified cuts come despite rising revenue and earnings during 2022

Insider UK

Writing from the edge of catastrophe: two new books clarify what's at stake if we fail to mitigate climate change

The Australian Black Summer fires of 2019-2020 were unspeakably grim. Twenty-four million hectares were burnt, 33 people died, and over a billion animals perished.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

North Dakota oil production rough patch continues

North Dakota's oil industry posted another tepid month in November with production falling 2.1 %.

Tribune News Service

Marathon, Valero and 1 Other Energy Stock to Purchase in 2023

With the sustained energy demand and an anticipated surge in oil prices, energy stocks will likely outperform the broader market again this year. Therefore, it seems wise to invest in fundamentally strong energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), and Adams Resources & Energy (AE) to garner solid returns.…

StockNews.com

Changing the Playing Field

Proposed legislation would dramatically change New Mexico’s principal oil and gas law.

Capital & Main

'I tracked the supermarket food prices for three months - some items skyrocketed'

For the past three months, Mirror writer Danielle Kate Wroe has been tracking the cost of her weekly food shop to find out how prices have changed - some have risen over 30%

Daily Mirror

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Denmark backs UAE leadership of COP28 climate talks

Denmark said it is optimistic that the United Arab Emirates, which hosts this year's UN climate talks, will push for ambitious action to curb climate change at the conference, following criticism from activists over the oil-producing nation's role.

Reuters

UN leader attacks fossil fuel companies in Davos for sowing doubt on climate change

"Some in big oil peddled the big lie," he said.

Axios

Five air fryers that could slash your energy bills and save you £50 a year

People are keen to get their hands on the next gadget that will help save them money, and you could save as much as half on your bills when you switch out the oven for an air fryer.

Edinburgh Live

A guide to vegan non-toxic beauty

A recent analysis looks into a potential link between Covid 19 Vaccines and the Fast-going impacts of Botox. But is it true that the Covid 19 vaccine making your botox ware off faster? Well, last week Allure Magazine published an article on the same topic, having many regulars complaining about…

The Times of India

Clean, Renewable Energy Agreements Inked at Abu Dhabi Sustainability Week 2023

More agreements and partnerships in the field of clean and renewable energy are being signed at the Abu Dhabi Sustainability Week (ADSW) 2023. Abu Dhabi National Oil Company (ADNOC) has signed a deal with Germany’s Thyssenkrupp Uhde, which specializes in chemical engineering, to develop large-scale ammonia cracking plants. The memorandum…

Asharq Al-Awsat

Davos 2023: Saudi-US partnership is crucial for global security, says Saudi envoy

Saudi Arabia's ambassador to the United States said on Wednesday that maintaining the long-standing strategic partnership between Riyadh and Washington was "beyond critically necessary" for global stability.

Reuters

Low-fat milk up 46%, cheese up a third....how the price of everyday food items has soared in the past 12 months

The cost of low-fat milk has increased by 46%, olive oil by 39.5% and eggs by 28.9%

Evening Standard

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Reuters

Oil production picking up in second-largest U.S. shale field

Oil production in South Texas, home of the second largest U.S. shale field, is expected to rise as much as 4% this year, as higher prices spur more drilling and as U.S. crude exports set new records.

Tribune News Service

Indians view US as biggest threat after China, survey shows

Indians view the U.S. as the biggest military threat after China and place greater blame on NATO and Washington than on Russian President Vladimir Putin for his war in Ukraine, according to a new survey.

France 24

Davos 2023: Ukraine front and centre as Zelensky expected to make speech

The Ukrainian president is set to speak at the World Economic Forum by videolink this Wednesday, as our Business Editor Kate Moody explains. This comes amid the ongoing energy crisis in Europe sparked by Russia's invasion of Ukraine. Speaking to FRANCE 24 in Davos earlier, EU chief Ursula Von der…

Asharq Al-Awsat

Saudi Minister Says Efforts Underway to Stabilize Energy Security

Saudi Foreign Minister Prince Faisal bin Farhan said that his country is “working to stabilize energy security,” adding that the OPEC Plus has faced market fluctuations and worked for the benefit of both producers and consumers. In remarks during a session of the Davos 2023 World Economic Forum (WEF) on…

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Bangkok Post

3rd oil tanker body found, 5 workers still missing

SAMUT SONGKHRAM: The body of another worker killed by the explosion and fire aboard an oil tanker at a dockyard on the Mae Klong river on Tuesday was found on Wednesday morning, raising the confirmed death toll to three with five people still unaccounted for.

Asharq Al-Awsat

Massive Strikes Sweep Iran’s Oil Industry

Workers in Iran’s oil industry have expanded their strikes on Tuesday to include employees from major companies in the country’s south. This comes at a time when living conditions continue to deteriorate and authorities struggle to restore calm in Iran following four months of anti-regime social unrest.

Asharq Al-Awsat

Oil Prices Extend Gains on Optimism Over China’s Recovery

Oil prices rose on Wednesday, extending the previous session's gains, driven by optimism that the lifting of China's strict COVID-19 curbs will lead to a recovery in fuel demand in the world's top oil importer. Brent crude futures firmed 63 cents, or 0.73%, to $86.55 a barrel by 0401 GMT,…

Nottingham Post

Devastated Notts woman 'living a nightmare' in flat with broken boiler and flooded kitchen

The 75-year-old, who suffers from a long-term lung condition, said the average temperature in her home is 14 °C because her boiler is broken.

Bangkok Post

Innobic allocates B1bn for investments

Innobic (Asia), the life science arm of national oil and gas conglomerate PTT Plc, plans to spend 1 billion baht in capital expenditure this year to support cancer medicine and plant-based protein factory development projects.

Bangkok Post

Government upbeat on price outlook of palm nuts

The government remains bullish on the price prospects of domestic fresh palm nuts, although local production and demand and global palm oil prices remain highly volatile.

Salon

Big Oil's weapon to stop climate laws

Investor-state dispute settlements allow oil and gas investors to sue countries over their climate policies

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