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The Latest Breaking News from Oil

Despite soaring profits, oil companies are not paying enough for their environmental damage

At the end of the third quarter reporting season in October, the Big Four oilsands producers continued to report record profit levels. Collectively, Cenovus, CNRL, Imperial Oil and Suncor earned $5.8 billion in the third quarter and $23.1 billion in the first nine months of 2022. The average return on…

The Conversation

Just Stop Oil protesters ‘less assertive’ because suspected leaders in custody, Met boss says

Protesters have been marching on roads instead of gluing their hands to them

Evening Standard

Sunak pledges more police powers to tackle ‘completely unacceptable’ protests

Suella Braverman and policing minister Chris Philp met with police chiefs to discuss tackling the ‘guerrilla tactics’ used by Just Stop Oil.

The Independent UK

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Just Stop Oil protesters ‘much less assertive’ without leaders, says Met boss

Police chiefs will meet Home Secretary Suella Braverman on Thursday to discuss the demonstrations.

The Independent UK

Does oiling hair increase dandruff?

When it comes to hair issues, one of the most common hair issues that are a cause of concern for many is dandruff. Dandruff is something that everyone has at one point in time. Dry scalp, not taking enough care of your hair, etc. can cause dandruff. When it comes…

The Times of India

Cramlington engineer Quanta seals brace of multimillion-pound oil and gas deals

The deals follow a multimillion-pound private equity investment into the business in September

Birmingham Post

Windfall profit tax on crude oil halved, levy on export of diesel too slashed

NEW DELHI: The government on Thursday slashed to less than half the windfall profit tax on domestically produced crude oil and also reduced the levy on diesel.

The Times of India

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'Psychopath' builder GUILTY of killing two escorts and burning body in incinerator

Mark Brown put Alexandra Morgan head-first into a home-made incinerator before dumping her remains. Leah Ware has never been found

Daily Mirror

IMF Expects 6.5 Percent GDP Growth for GCC Countries

GDP growth in the Gulf Cooperation Council (GCC) is expected to double this year, reaching 6.5 percent, a report issued by the International Monetary Fund (IMF) revealed. Surging commodity prices have limited the spillovers from the war in Ukraine and the impact from tighter global financial conditions, and have allowed…

Asharq Al-Awsat

Luxury for less! 11 delicious, impressive and cheap dishes, chosen by top chefs

From spaghetti with mussels to aubergine parmigiana, these recipes will wow everyone without breaking the bank

The Guardian - UK

Founder of collapsed crypto exchange insists he 'didn't ever try to commit fraud'

Once a darling in the business and tech world, Sam Bankman-Fried has become a pariah. The founder of crypto exchange FTX, which declared bankruptcy last month, has given his first media interview since his platform collapsed. He denied any intention to commit fraud and pleaded ignorance at the mismanagement of…

France 24

Yemen Reiterates Security, Military Preparedness to Confront Houthis

The Yemeni government asserted the need to raise security and military readiness and called for popular support, hinting at resorting to "difficult choices" in response to Houthi terrorism. Prime Minister Maeen Abdulmalik affirmed that the government would continue to take practical and firm measures to combat corruption, activate the rule…

Asharq Al-Awsat

Tech firm that helps make 'virgin-quality' plastics from waste joins Loughborough University science park

Plastic Energy turns previously unrecyclable plastic waste into a recycled oil that can be used again in petrochemical plants

Birmingham Post

Philippines needs to find ways to exploit South China Sea resources, says Marcos

The Philippines must find a way to explore for oil and gas in the South China Sea even without a deal with China, President Ferdinand Marcos Jr said on Thursday, emphasising his country's right to exploit energy reserves in the contested waterway.

Reuters

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Reuters

U.S. urges caution on low-quoted Russian oil prices as EU debates price cap

The Biden administration broke its silence on Wednesday on European Union deliberations over a $65-70 per barrel Russian oil price cap on Wednesday, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.

Bangkok Post

IRPC expects petrochemical prices to rise

IRPC, the petrochemical arm of national oil and gas conglomerate PTT Plc, expects prices of petrochemical products, which hit a 10-year low, to increase early next year as Covid-19 eases.

Bangkok Post

Sweet Meet to extend palm oil sales to consumers

Sweet Meet (Thailand), the producer of Ploen vegetable cooking oil for business clients, looks set to expand into palm oil for consumers next year.

StockNews.com

5 Oil and Gas Stocks to Watch This Holiday Travel Season

Crude oil prices are increasing with declining inventory and hopes of a slower interest rate hike. Moreover, a surge in demand is also expected due to the possible reopening of the Chinese economy and holiday travel. Given the industry tailwinds, we think it could be wise to consider investing in…

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The New Daily

Alan Kohler: How two Australian chemists came up with a global solution for plastic

This Australian invention using heat and water to turn plastic and biomass into oil and fuel is one of the great hopes of mankind.

Evening Standard

Talking Point: Would you support Just Stop Oil slashing artwork?

The controversial climate activists have threatened to follow in the footsteps of the Suffragettes by slashing works of art.

Capital & Main

Oil and Gas Operator Pays Millions for Clean Air Act Violations

Public prosecution 'a great model' for future suits against polluters.

Newsroom.co.nz

Reserve Bank just landed final blow to Labour's election hopes

Labour is not responsible for the global economic crisis, the Ukraine war or the Reserve Bank’s record rate rise but is set to suffer electorally the way it did after the oil shock in 1974.

Nottingham Post

Dunelm praised for £28 portable heater that costs 22p an hour to run

Many shoppers say they've not turned on their central heating since getting one of the portable oil-filled radiators

Evening Standard

Fossil fuel companies keep parties quiet to avoid activists

Shell has told employees to “avoid talking about” the boss’s leaving do

Asharq Al-Awsat

Aramco Completes Three Transactions with PKN ORLEN in Poland

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, successfully closed three landmark transactions with Polish refiner and fuel retailer PKN ORLEN, through its subsidiary Aramco Overseas Company BV, based in the Netherlands.

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