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The Latest Breaking News from Oil

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.

Newsroom.co.nz

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

Nottingham Post

Fossil fuel companies keep parties quiet to avoid activists

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

Evening Standard

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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.

Asharq Al-Awsat

NGO asks Spain to halt possible return of Nigerian stowaways

A human rights organization is asking the Spanish government to halt the potential return to Nigeria of three men found traveling on an oil tanker’s rudder after an 11-day ocean voyage from Lagos, Nigeria to Las Palmas in the Canary Islands

The Independent UK

Occidental CEO Vicki Hollub says carbon capture is not greenwashing

"It's something that we feel like we should do and need to do to help the world."

Fortune

Oil and gas company Rockhopper strikes deal with Falkland Islands government

The Aim-listed firm said the agreement would offer the opportunity for future development in the region

Birmingham Post

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Just Stop Oil could slash famous paintings like Suffragettes, says spokesman

Famous artworks are not safe from activists in run up to Christmas as group prepare to ‘escalate’ efforts

Evening Standard

Just Stop Oil protesters slow traffic on march from Moorgate to London Wall

Just Stop Oil protesters disrupted morning traffic as they marched through Moorgate, Barbican, Farringdon and Tower Hill on Wednesday.

Evening Standard

Essar Oil to build £360m carbon capture plant at Stanlow refinery

Once complete in 2027, Essar Oil said the plant would take the equivalent of 400,000 cars off the road

Birmingham Post

Eduardo Porter: Migrant workers face worse choices than building World Cup stadiums

The global financial crisis of 2008 dealt a blow to thousands of Indian laborers. They were set to join hundreds of thousands of compatriots providing the workforce for a construction boom in Dubai. Then the world economy spasmed, the price of oil tanked and international finance dried up. Hundreds of…

Tribune News Service

Outback Queensland council welcomes news of new Eromanga oil and gas exploration permits

Pure Energy gets the green light for a new gas exploration project north of Eromanga in outback Queensland.

ABC News

Fire at oil storage tank in Russia's Bryansk region - governor

A large oil storage tank was on fire early on Wednesday in Russia's Bryansk region, a local governor said.

Reuters

Should California tax oil profits? Gas spike hearing sets stage for contentious debate

SACRAMENTO, California — Consumer advocates and oil industry representatives launched opening salvos Tuesday in a bitter debate over whether oil companies are “price gouging” drivers or are themselves actually the victim of California’s green policies squeezing out fossil fuel industries.

Tribune News Service

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Reuters

Alberta Premier Danielle Smith seeks more autonomy from Canada in new bill

The government of Canada's main oil-producing province Alberta introduced proposed legislation on Tuesday to resist federal laws it deems harmful to Alberta, fulfilling a controversial promise from new Premier Danielle Smith.

Tribune News Service

Motormouth: Warranty woes

Q: I have a 2008 Chrysler Town and Country that I purchased new. I also purchased the Chrysler Lifetime Maximum warranty. The ABS, BRAKE, ESP/BAS, ANTI-SKID warning lights came on. My dealership inspected the vehicle and tried to order a new sensor. They notified me that one was not available,…

ABC News

ASX rises, AUSTRAC takes Star to court, Black Friday and Cyber Monday sales top $7 billion

Australian shares have closed higher as the October's consumer price index (CPI) shows inflation is easing.

Reuters

EU inches towards deal on Russian oil price cap this week

European Union countries are inching towards a deal this week on a price cap on Russian oil, a way to adjust the cap in future, and on linking it to a package of new sanctions against Moscow over its invasion of Ukraine, diplomats said on Tuesday.

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France 24

Macron goes to Washington: Will brewing transatlantic trade row sour state visit?

It's a state visit that's also a chance to gauge superpower status. French President Emmanuel Macron heads to Washington at a time when Europeans are wondering aloud if Vladimir Putin’s invasion of Ukraine has not made the EU even more dependent on the United States. Arming the Ukrainians has shown…

The Independent UK

Fox News’ Peter Doocy taken down in White House press conference clash: ‘That is not an accurate take’

Mr Doocy is known for his provocative line of questioning that frequently delivers combative soundbites to the Fox News audience

Salon

WH spox calls out Fox News reporter

John Kirby swiped back at the reporter with a quick fact-check

Reuters

Western governments struggle to agree on Russian oil price cap

Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.

The Guardian - UK

Just Stop Oil activist jailed for six months for M25 disruption

Magistrate reportedly speaks of using Jan Goodey’s case as a ‘deterrent’ during court proceedings

The Texas Tribune

Stephen F. Austin State University moves to join the University of Texas System

Regents said they chose the UT System because of its access to the Permanent University Fund, which consists of oil and gas assets.

Fortune

Energy CEO says markets should brace for 'one or two years of extreme volatility'

The head of one of Europe’s largest energy companies says turmoil is far from over, and European nations should start thinking ahead.

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