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The Latest Breaking News from Oil

The U.S. has thwarted Putin’s energy blackmail. Europe says ‘Tanks a lot!’

With European storage full and futures falling, energy alarmists are the only ones running out of gas, write Yale's Sonnenfeld and Tian.

Fortune

Report: Oil price cap takes small slice of Russia war chest

Russia's still making plenty of money from oil sales despite a price cap imposed by the Group of Seven major democracies

The Independent UK

Saudi Energy Minister: Kingdom Intends to Utilize its National Uranium Resources

Saudi Arabia plans to use domestically-sourced uranium to build up its nuclear power industry, Energy Minister Prince Abdulaziz bin Salman said on Wednesday. He added that recent exploration had shown a diverse portfolio of uranium in the Gulf Arab state, the world's top oil exporter. Saudi Arabia has a nascent…

Asharq Al-Awsat

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North Sea oil and gas to ‘effectively end’ in next 20 years

Opposition politicians and oil and gas stakeholders criticise draft transition plans

Insider UK

School lawsuits over social media harm face tough legal road

Like the tobacco, oil, gun, opioid and vaping industries before them, the big U.S. social media companies are now facing lawsuits brought by public entities that seek to hold them accountable for a huge societal problem in the mental health crisis among youth

The Independent UK

Three cookbooks to kickstart healthy eating in 2023

Healthy eating doesn’t mean cutting out your favourite foods. Instead, take the opportunity to expand your healthy food repetoire, try some new recipes and start reaping all the benefits, says Prudence Wade

The Independent UK

Philippine court voids oil exploration pact involving China

The Philippine Supreme Court has declared unconstitutional a 2005 pact by China, the Philippines and Vietnam to jointly explore for oil in the disputed South China Sea

The Independent UK

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Ronnie Wood's paintings make Rolling Stones rocker £1 million in a year

Ronnie Wood may be best known as a member of band The Rolling Stones but he's a keen artist, with him having had artwork such as oil paintings and prints displayed in exhibitions in recent years

Daily Mirror

PPPGC prepares listing to fund business growth

PPP Green Complex Co (PPPGC), a local palm oil manufacturer, is preparing to raise funds through an initial public offering (IPO) amounting to 342.8 million shares in a move to grow its businesses, including palm oil and oleochemical production.

Bangkok Post

UAE to ban single-use plastic shopping bags starting in 2024

The United Arab Emirates announced a ban on single-use plastic shopping bags to take effect next year, the latest initiative aimed at reducing pollution in the oil-rich nation

The Independent UK

3 Energy Stocks You Shouldn't Wait Any Longer to Buy

Energy stocks are expected to outperform the market again this year, thanks to growing global energy demand and rising prices. Hence, it could be wise to invest in fundamentally strong energy stocks TotalEnergies (TTE), Valero Energy (VLO), and Adams Resources & Energy (AE) to capitalize on the industry’s tailwinds. Continue…

StockNews.com

Putin's stalled Ukraine war could make Russia a failed state by 2033, global strategists say

Economic collapse and social upheaval could be in the cards for Russia and Putin by 2033.

Fortune

Petrol prices below £1.50 a litre for first time since Ukraine war began

Motorists have been supported through a 5p fuel duty cut since February last year, though this is due to end in March

The Independent UK

Scotland’s oil and gas will end in 20 years, energy minister says

SCOTLAND’S production of oil and gas will “effectively end” in the next 20 years - and ministers will consider speeding this up, the…

The National (Scotland)

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The Times of India

6 sleeping mistakes that trigger acne

Acne is certainly not a pleasant experience for anyone. However, no matter how much we try to prevent acne, it always pops up at the wrong time. Whether you have an important presentation the next day or a big event to attend, having acne on your skin can totally ruin…

The Independent UK

Europe has avoided energy collapse. But is the crisis over?

Warm weather is helping Europe keep the lights and heat on this winter despite Russia cutting off most of its natural gas supply to the continent

Fortune

Putin’s budget faces 'catastrophe' after price cap spells doom for Russian oil exports

Nearly a year after Russia invaded Ukraine, the Kremlin risks a massive revenue shortfall as the price of each barrel of oil it can sell on the world market falls dramatically.

The Independent UK

Fossil fuel money necessary for climate solutions – new Oxford University leader

Professor Irene Tracey said oil companies want to move to clean energy in order to survive.

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news in one place.

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Reuters

G7 seeks two price caps for Russian oil products

The Group of Seven (G7) coalition will seek to set two price caps on Russian refined products in February, one for products trading at a premium to crude oil and the other for those trading at a discount, a G7 official said.

The Guardian - UK

Average price for UK litre of petrol below 150p for first time since war in Ukraine

Russia’s invasion of Ukraine pushed up wholesale prices of gas and oil

The Independent UK

Keir Starmer accepted thousands from Just Stop Oil and XR donor

Renewables guru Dale Vince funded activists condemned by Labour leader as ‘wrong’

Insider UK

Energy crisis shows clear imperative to shift away from oil and gas - Sturgeon

Scottish Government announces its draft Energy Strategy and Just Transition Plan

The Conversation

Labor's scheme to cut industrial emissions is worryingly flexible

The federal government today proposed new rules to regulate greenhouse gas emissions from Australia’s polluting industrial sector. The rule changes apply to a measure known as the “safeguard mechanism”, and are supposed to stop Australia’s top 215 emitters, such as new coal, oil and gas projects, from emitting over certain…

The Independent UK

Eat the rainbow: A seasonal salad recipe for every week

Salads don’t have to be boring, says food writer Fi Buchanan. Just keep them fresh, nutritious and seasonal, like these four recipes to enjoy in January

Asharq Al-Awsat

Oil Slips on Concerns Higher Interest Rates to Crimp Demand

Oil edged lower on Tuesday on expectations that further interest rate hikes in the United States, the world's biggest oil user, will slow economic growth and limit fuel demand. Brent futures for March delivery fell 43 cents to $79.22 a barrel, a 0.5% drop, by 0522 GMT.

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