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The Latest Breaking News from Oil

Rising gas and oil prices have plunged Europe into its worst energy crisis in decades. France has been hit hard, but perhaps not for the reasons you would expect. Nuclear and hydroelectric power, the country's main sources of electricity, are both running out of steam. Has the French energy mix…

France 24

Brittney Griner ‘could be released as part of swap deal for Russian arms dealer’

Basketball star Ms Griner was sentenced in August to nine years for possessing and smuggling drugs after cannabis oil was found in her luggage at Moscow’s Sheremetyevo Airport

Evening Standard

Revealed: Scots demand UK ditches hated fossil-fuel money maker treaty

THE UK Government is being urged to ditch a fossil fuel protectionist treaty hated by Scots ahead of a key meeting next week.

The National (Scotland)

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Our leaders had a final chance to halt climate breakdown. They failed each and every one of us

It’s a miracle that any one of us is alive today. Those with the power to grant that miracle to future generations chose not to, says Guardian columnist George Monbiot

The Guardian - UK

Italian oil workers seek deal for Russian-owned refinery

Thousands of workers at a Russian-owned oil refinery in Sicily have protested the facility's possible closure as Europe imposes a full embargo on Russian oil starting next month

The Independent UK

1 Stock You Won't Regret Buying Ahead of 2023

Leading Oil & Gas company Valero Energy (VLO) seems well-positioned to benefit from its refinery optimization projects, strong energy demand, and outlook for high oil prices. Moreover, the stock is trading above its 50-day and 200-day moving averages, indicating an uptrend. Given its financial strength, promising growth prospects, high-yield dividend…

StockNews.com

Drone Circles Vessel in Gulf of Oman

Britain's maritime agency said a drone circled a ship in the Gulf of Oman on Friday. The Maritime Trade Operations (UKMTO) said the incident took place about 50 miles southwest of Muscat, according to Reuters. Earlier on Tuesday, an attack took place on an oil tanker off the coast of…

Asharq Al-Awsat

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UN to Begin Unloading Safer in Early 2023

The United Nations announced that it will begin unloading the floating Safer oil tanker off the Yemeni coast of Hodeidah in early 2023.

Asharq Al-Awsat

Firms team up to collect waste cooking oil for sustainable jet fuel

Major real estate firm Mitsubishi Estate Co. and plant operator JGC Holdings Corp. have reached a basic agreement to cooperate in the collection of waste cooking oil for use in producing sustainable aviation fuel (SAF), which has been touted as a means to significantly reduce carbon dioxide emissions, it has…

The Japan News/Yomiuri

Nigeria artist transforms oil kegs into faces to reduce waste

Growing up, Nigerian artist Oluwajuwonlo Adeyemi saw her mother discard large plastic kegs of cooking oil she used for her catering business in Lagos.

Reuters

The U.S. moves to shield Saudi crown prince in journalist killing

The U.S. declaration that Saudi Arabia's crown prince should be considered immune from a lawsuit over his role in the killing of a U.S.-based journalist breaks from Joe Biden's campaign denunciations.

WEKU

Saudi Crude Exports Surge to 29-Month High in September

Saudi Arabia's crude oil exports rose for a fourth straight month in September to the highest in 29 months, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. Crude exports rose about 1.6 percent to 7.721 million barrels per day (bpd) in September - the highest since April…

Asharq Al-Awsat

If you’re outraged by XR and Just Stop Oil, imagine how disruptive climate breakdown will be

Focusing on activists only detracts from what we should be angry about, says Guardian columnist Andy Beckett

The Guardian - UK

Biden administration says Saudi Arabia's MBS has immunity in Khashoggi civil case

The Biden administration declared Thursday that the high office held by Saudi Arabia's crown prince should shield him from lawsuits for his role in the killing of a U.S.-based journalist, a turnaround from Joe Biden's passionate campaign trail denunciations of Prince Mohammed bin Salman over the brutal slaying.

France 24

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The Independent UK

US moves to shield Saudi crown prince in journalist killing

The Biden administration says Saudi Arabia's crown prince should be shielded from lawsuits over his role in the killing of a U.S.-based journalist

ABC News

Gas well methane leaks a 'huge' environmental and economic issue, BP's Bernard Looney says

The head of one of the world's biggest oil and gas producers has called for a clampdown on fugitive emissions on economic and environmental grounds, but says fossil fuels are crucial to the renewable energy transition.

The Independent UK

US gives protections to rare Midwest bird as prairie suffers

The U.S. government says it will protect two populations of a rare prairie bird that’s found in parts of the Midwest, including one of the country’s most prolific oil and gas fields

Texas Observer

Climate Activists Sit In At Department of Transportation Over Oil Exports

Deepwater terminals in the Gulf would fuel output and growth despite the Biden administration's promises of steep emissions cuts.

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Reuters

Leak in Ecuador state firm's gas pipeline ignites fire, five injured

Ecuadorean state oil company Petroecuador said on Thursday five people were injured in a fire caused by a leak in a pipeline that carries gas to a refinery in the South American country's Amazon region.

Kiplinger

Fan Heater vs Oil Heater - Which Is Cheaper to Run?

With so many options to heat the home, and households trying to spend less on energy, we’ve compared which is cheaper to run: fan heater vs oil heater.

The National (Scotland)

Campaigners call for end to fossil fuel subsidy as windfall tax increases

THE UK Government’s move to increase the windfall tax on oil and gas companies "makes little difference" when it comes to…

The Conversation

Energy transitions: why countries respond differently to the same problem

Russia’s invasion of Ukraine upended global energy markets. Sanctions on Russian exports and the suspension of gas deliveries to several European countries sent oil and gas prices skywards.

Asharq Al-Awsat

US Imposes New Sanctions over Iran Sanctions Evasion, Targets Chinese Firms

The United States on Thursday imposed sanctions on over a dozen companies based in China, Hong Kong and the United Arab Emirates that Washington accused of facilitating the sale of Iranian petrochemicals and petroleum products to buyers in East Asia. The latest US move against Iranian oil smuggling comes as…

The Conversation

UK energy windfall tax: what it is and why it needs to change

The UK government has increased its 25% levy on oil and gas companies – the UK energy profits levy – to 35% from January 2023 as part of its November 17 Autumn statement. The scheme has also been extended by two years to March 2028. Combined with a new 45%…

The Independent UK

Wind and solar farms to pay nearly half of windfall profits to Treasury

The windfall tax on renewables, biomass and nuclear power generators will be set at 45%, Jeremy Hunt announced in his autumn statement.

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