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The Latest Breaking News from Oil

Pipeline section in Kansas with oil spill is back in service

A pipeline operator has put a damaged section in Kansas back into service, a little more than three weeks after a spill dumped 14,000 barrels of crude oil into a creek

The Independent UK

The Best Warren Buffett Dividend Stocks

The best Warren Buffett dividend stocks are expected to produce impressive returns for the Berkshire Hathaway equity portfolio. Here are five with healthy yields.

Kiplinger

Poland ready for Russian oil ban, says minister

Poland is prepared for a Russian ban on oil sales to countries implementing a price cap, the climate minister said on Thursday, with the country having cut its intake of Russian crude and secured alternative supplies from producers such as Saudi Arabia.

Reuters

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Russia will not negotiate under terms of Zelensky’s ‘peace formula’, Lavrov says

Russian minister says Zelensky ‘cherishes the illusion’ of driving out Russian forces with Western help

The Independent UK

ExxonMobil takes EU to court in bid to block ‘counter-productive’ windfall tax

Oil and gas giant has accused the EU of overreaching its authority with move to tax profits amid energy crisis

The Independent UK

Brickbat: Talk About Great Timing

New York's Climate Action Council has ruled that all homes built after 2025 must have energy-efficient electric heat pumps or other heating systems that do not use fossil fuels. After 2030, owners of existing homes with heating systems that burn natural gas, propane, or heating oil will no longer be…

Reason

Corrie spoilers with Daisy and Daniel on the rocks over new admirer, Summer in danger and major character set for shock exit

And Summer is in danger as Mike's shocking secret is revealed

Manchester Evening News

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Corrie's Damon shows true colours in drug twist leading to violent attack on Jacob

Coronation Street spoilers confirm Damon Hay's real plan is exposed, as he launches an attack on son Jacob before forcing him to leave Weatherfield for good

Daily Mirror

Egypt’s Natural Gas Export Revenue Spikes 171%

The Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla said on Wednesday that Egypt’s output of petroleum products amounted to around 79.5 MT in 2022, including around 50.6 MT of natural gas. Egypt’s exports of natural gas rose to $8.40 billion in 2022, a surge of 171 percent from…

Asharq Al-Awsat

Fire halts Venezuela's Petromonagas coking plant -sources

A fire halted operations on Wednesday at a coking plant of Petromonagas, a joint venture of the state oil companies of Venezuela and Russia, four sources told Reuters, adding that no one was injured.

Reuters

Little prospect of peace as Ukraine war passes 10-month mark

Putin signals willingness for peace but makes clear he means peace on Russia’s terms.

Al Jazeera

Economic risks to watch out for in 2023

The world will end 2022 with big celebrations. Yet not because of robust economic growth, as growth this year is projected to be only 3.2% -- following the International Monetary Fund's (IMF) recent projections -- compared to 6.0% growth in 2021.

Bangkok Post

Understanding stagflation

Stagflation is a real problem for policymakers because the Central Bank can increase interest rates to reduce inflation or cut interest rates to reduce unemployment.

Fortune

Traders can import refined palm oil without licence till further orders

NEW DELHI: The government on Wednesday extended the facility of restriction free imports of refined palm oil beyond December 31, 2022 till further orders, a move aimed at increasing domestic supplies and bring down prices of cooking oils.

The Times of India

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Asharq Al-Awsat

Russia Intensifies Attacks on Liberated Kherson, Eastern Ukraine

Russian forces stepped up mortar and artillery attacks on the recently liberated city of Kherson in southern Ukraine on Wednesday, Ukraine's military said, while also exerting pressure along frontlines in the east. Russia fired 33 missiles from multiple rocket launchers at civilian targets in Kherson in the 24 hours to…

The Times of India

Journey in numbers: Mukesh Ambani completes 20 years at helm of Reliance

NEW DELHI: Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global…

Wales Online

5 easy recipes for Christmas leftovers to use up turkey and veg

From pie and curry to wraps or bubble and squeak, there are plenty of ways to avoid wasting food

The Independent UK

Ukraine news – live: No place in Bakhmut ‘not covered with blood’, says Zelensky

Vladimir Putin’s forces increasingly diminished at epicentre of fighting in Donbas, analysts believe

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news in one place.

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Asharq Al-Awsat

Iran Pressures Damascus on ‘Sovereign Concessions’

When Syrian President Bashar al-Assad visited Tehran last May, one of the urgent requests he made was to send oil to contribute to resolving his country’s economic crisis. In the past years, it has become customary for ships to violate sanctions and waterways.

Evening Standard

Spice Island: a culinary tour of Grenada

Radhika Aligh discovers the best places to eat (and drink) on the Caribbean island — and meets the people behind them

Bangkok Post

Reopening propels fuel consumption

The full reopening of the country from July drove up fuel consumption, which grew by 14% year-on-year in the first 11 months of 2022, the Department of Energy Business reported onWednesday.

Asharq Al-Awsat

Egypt: New Bid at 12 Blocks in Mediterranean, Nile Delta on Oil and Gas Exploration

Egypt has set a new international tender for oil and gas exploration rights in the Nile Delta and Mediterranean sea, the petroleum minister announced on Tuesday. Tarek El-Molla said the tender was set for 12 blocks, split evenly between onshore and offshore. According to the Egyptian digital portal for exploration…

Los Angeles Times

Why is AMLO one of the world's most popular politicians? We took a road trip through Mexico to find out

SAYULA DE ALEMAN, Mexico — From the roadside stand in this muggy stretch of southern Mexico where Carmelo Morrugares sells coconuts for a living, the 45-year-old father of three says he can see his country changing for the better.

Asharq Al-Awsat

Oil Prices Little Changed as Russia Unveils Export Ban

Russia on Tuesday banned oil sales to countries and companies that comply with a price cap agreed by Western nations, briefly helping to lift crude prices. "The supply of Russian oil and oil products to foreign legal entities and individuals is prohibited if the contracts for these supplies directly or…

Reuters

Russia intensifies attacks on Kherson in Ukraine's south, Bakhmut in east

Russian forces increased mortar and artillery attacks on the city of Kherson more than six weeks after it was retaken by Ukrainian troops, while also exerting pressure along frontlines in the east, Ukraine's military said on Wednesday.

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