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The Latest Breaking News from Oil

U.S. issues fresh Iran-related sanctions

The United States on Thursday imposed fresh Iran-related sanctions, targeting individuals it said were linked to Hezbollah and the Islamic Revolutionary Guard Corps' Quods force, as well as a number of shipping and oil companies.

Reuters

Greenpeace activists on trial over protest that blocked tanker of Russian diesel

The group claim they were acting to prevent a crime.

The Independent UK

The U.S. is trying to mend ties with Venezuela. One big reason? Oil

The Biden administration has extended an olive branch to Venezuela. It might sway Caracas to resume talks with the opposition for elections, and eventually let Venezuelan oil back on the world market.

WEKU

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France pushes industry giants to lower carbon footprint

As the Cop27 climate summit starts this weekend in Egypt, French President Emmanuel Macron has invited large French companies for a meeting to encourage them to accelerate the reduction of their carbon footprints. This comes as Greenpeace accuses French oil and gas company TotalEnergies of grossly underreporting its own emissions.

Radio France Internationale

German navy helping Norway protect oil rigs, pipelines

The German navy is helping Norway to protect critical maritime infrastructure such as oil rigs, undersea cables and pipelines, is ready to do the same off the Danish and Swedish coasts, its head said on Thursday.

Reuters

London court forces Glencore to pay record £281m for bribery in Africa

Miner hit with largest ever UK legal penalty for a company over ‘endemic’ corruption at African oil trading desk

The Guardian - UK

Oil and gas firm based in tax haven Jersey lobbying Irish politicians on LNG

"The energy security review must reject LNG, including state-backed, and new oil and gas exploration"

Irish Mirror

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Climate activists target fossil fuel backing bank in Glasgow on eve of COP27

XR activists staged a protest outside of JP Morgan's Glasgow office

The National (Scotland)

UK’s largest oil and gas producer warns against tougher windfall tax

Harbour Energy says higher levy and extended timeline will deter investment despite profits bonanza

The Guardian - UK

Glasgow bank entrance blocked by climate activists protesting 'failure' of COP26

Climate activists from Extinction Rebellion locked themselves onto oil barrels at the Glasgow branch of an investment bank a year on from the COP26 summit in the city.

Glasgow Live

‘A renewed sense of urgency’: climate on the ballot in US midterm elections

From senate and governor races to industry-regulating board contests, outcomes could influence policy for years to come

The Guardian - US

Just Stop Oil activists accused of ‘destroying’ King Charles waxwork at Madame Tussauds

Eilidh McFadden, 20, and Tom Johnson, 29, have been charged with causing criminal damage

Evening Standard

Editorial: Joe Biden’s nostalgia for the Jimmy Carter years

They say history doesn’t repeat itself, but the Biden administration is eager to prove otherwise as it pushes the United States back in time to the Jimmy Carter years.

Tribune News Service

Quick Fix: Moroccan meatballs feature cinnamon, cumin

I added cinnamon and cumin to meatballs for a Moroccan take on my family favorite of meatballs and pasta. To speed up the preparation, I used frozen diced onion and minced garlic for the recipe. The meatballs need to be turned over during cooking; the best way to do this…

Tribune News Service

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The Independent UK

Just Stop Oil activists who targeted Girl with a Pearl Earring painting jailed for two months

Climate activists across the world are targeting famous artworks to highlight the climate crisis

Roll Call

Offshore energy battle looms over 'must pass' defense bill - Roll Call

One of the most underappreciated high-stakes legislative fights, featuring some strange political bedfellows, is brewing after the elections.

The Guardian - UK

I don’t quite know how, but the supermarket is taking me for a mug. I’m cutting up my loyalty card

After years of chasing points, I now have enough olive oil to bathe in. And I just know that someone in the head office is laughing at me, writes Adrian Chiles

Wales Online

Diesel prices had one of biggest leaps on record in October

Cuts in oil production and the weaker pound contributed to higher diesel prices, but petrol users should see a small decrease in costs at the pump

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The Independent UK

Rishi Sunak ‘plans windfall tax hike to raise £40bn from energy profits’ OLD

Move follows huge profit declarations from oil and gas firms

The Guardian - UK

Soaring diesel prices a ‘severe shock’ to UK motorists, says RAC

Cost rose by 10p a litre to average of 190.5p in October in third worst monthly increase on record

The Times of India

Russia elbows out Iraq, Saudi to be India’s top oil supplier

NEW DELHI: Russia has muscled its way as India’s top oil supplier in October, relegating Iraq and Saudi Arabia to second and third spots, respectively, according to market reports based on shipping data.

Bangkok Post

The West needs an energy alliance

The old line that "history does not repeat itself, but often rhymes", is an apt description of the evolving relationship between the West and its rivals. During the Cold War, the Soviet Union was a global superpower, owing to its military prowess. Today, Russia's armed forces appear to be in…

Daily Record

Property expert issues boiler warning before the cold winter weather sets in

As the chillier months set in, it's more important than ever to look after your home.

Axios

Biden shrinks Strategic Petroleum Reserve to lowest level since 1980s

Biden's decision to tap into the reserve may have helped lower gasoline prices from their $5 highs in June.

Benzinga

Nasdaq Dips 100 Points; Crude Oil Rises Sharply

U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping more than 100 points on Wednesday.

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