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The Latest Breaking News from Oil

Aramco CEO: Securing Buffer Spare Capacity Not Saudi Arabia's Responsibility Alone

Saudi Aramco Chief Executive Amin Nasser on Tuesday said that spare capacity in the oil market stands at 1.5% of global demand, adding that providing a buffer of spare capacity was not the responsibility of Saudi Arabia alone. "(The market is) focusing on what will happen to demand if a…

Asharq Al-Awsat

Geologist whose 2013 discovery 'revolutionized' North Slope oil exploration lays plans to drill again this winter

The risk-taking geologist who discovered a giant Alaska oil field in 2013 that companies had long overlooked is taking another stab at exploration drilling on the North Slope, this time on federal land west of existing development.

Tribune News Service

Easy everyday dinners from the Middle East

If the flavours of the Middle East are your jam but you are short on time and cash, give these recipes a whirl, says Hannah Twiggs. Three yummy dishes, two new cooking methods, one region, zero stress

The Independent UK

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The Nord Stream pipelines have stopped leaking. But the methane emitted broke records

The Nord Stream pipeline leak might be the single largest release of methane, a powerful greenhouse gas. Experts say it pales in comparison to ongoing methane emissions from the oil and gas industry.

WEKU

U.S. Treasury seeks phased G7 oil sanctions as EU ban looms

G7 sanctions on Russia will target its oil and products in three phases, senior U.S. treasury official Ben Harris said on Tuesday, as the bloc seeks to limit unintended economic damage while curbing Moscow's funds to wage war in Ukraine.

Reuters

French refinery strike continues at four sites for eighth day

Strikes have disrupted TotalEnergies' oil products refining and delivery for an eighth day, with four of its French plants hit by continuing industrial action by workers, a CGT trade union representative told Reuters.

Reuters

Gainers LogicBio Therapeutics, Inc. (NASDAQ: LOGC) shares surged 637.6% to close at $2.01 on Monday after the company announced it will be acquired by AstraZeneca's subsidiary, Alexion, for $2.07 per share.

Benzinga

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Why Bitcoin Mining Is Terrible For The Environment

Bitcoin mining is more damaging than beef production and almost as environmentally unsustainable as crude oil, according to new research. The digital currency is causing more damage to the climate over time, scientists at the University of New Mexico warn.

Zenger

Yemeni Source Refutes Houthi Claims about Truce

A Yemeni government source refuted the claims made by the Iran-backed Houthi militias about the nationwide truce that expired on Sunday without another extension. It stressed that the government, since the moment the truce was declared in April, sought to deal positively with all international efforts and initiatives to end…

Asharq Al-Awsat

The magnificent Lake Eyre Basin is threatened by 831 oil and gas wells – and more are planned. Is that what Australians really want?

The heart-shaped Lake Eyre Basin covers about one-sixth of Australia. It contains one of the few remaining pristine river systems in the world.

The Conversation

Cars among main causes of oil in oceans

Cars and highways are among the top contributors to ocean oil pollution, study finds

Salon

Rob Beckett ends up ‘accidentally leading’ Just Stop Oil protest in hilarious TikTok video

‘I got to the front and then they started filming me and it looked like I was leading the march,’ comedian said

The Independent UK

ASX surges in best session in two years after RBA rate rise, Wall Street and oil prices rally

Australian shares mark their biggest intraday jump in two years, tracking a strong performance on Wall Street.

ABC News

Future gas exploration in Lake Eyre could upset the 'greatest desert river system in the world' forever

The gas industry has been mining Australia's Lake Eyre Basin for decades, but possible future extraction techniques like fracking could devastate its fragile ecosystem.

ABC News

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Chicago Sun-Times

Russian court will hear Brittney Griner’s appeal on Oct. 25

Griner, an eight-time all-star center with the WNBA’s Phoenix Mercury and a two-time Olympic gold medalist, was convicted Aug. 4 after police said they found vape canisters containing cannabis oil in her luggage at Moscow’s Sheremetyevo Airport.

The Guardian - AU

Fossil fuels in schools: industry faces pushback in fight for hearts and minds of next generation

Business efforts to get pro-fossil fuel material into classrooms experience opposition due to role in climate change

The Independent UK

Olympian among Extinction Rebellion activists who deny tampering with oil tanker

The alleged incident took place on April 16 this year.

Benzinga

S&P 500 Surges 2%; Crude Oil Rises Sharply

U.S. stocks extended gains midway through trading, with the Dow Jones gaining more than 600 points on Monday.

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The Guardian - UK

‘Significant risk’ of winter gas shortages in Great Britain, warns Ofgem

Electricity-producing firms ask regulator to change rules that could penalise them if gas supplies run out

The Conversation

Ghana’s petroleum sector management is a mess: what’s gone wrong?

After three decades of prospecting Ghana discovered commercially viable quantities of petroleum in 2007. Within 3.5 years, it exported its first barrels of crude oil. The progression from discovery to extraction and export was twice as rapid as the global average of six to seven years.

McClatchy Washington Bureau

Gas keeps costing more. Would an emergency oil supply help cut prices?

WASHINGTON — California gasoline prices are soaring again — up more than a dollar over the last month — and the latest big congressional idea for relief involves creating an emergency oil supply that Washington would tap when prices soar.

Daily Mirror

Are wood-burning stoves legal in the UK? Gas boiler alternatives as energy prices soar

From solar-powered electric heating to infrared heating panels, many Ecodesign alternatives exist to help you comply with the government’s ban on certain wood-burning and multifuel stoves

Asharq Al-Awsat

Oil Jumps More Than $3 as OPEC+ Weighs Output Cut

Oil prices jumped by more than $3 on Monday as OPEC+ considers reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the COVID-19 pandemic. Brent crude futures rebounded $3.37, or 4%, to $88.51 a…

Wales Online

I went from earning £10,000 a month to losing everything

At one point Welshman Andrew says he owned five houses

The Independent UK

A week’s worth of autumnal dinner recipes

It’s time for cold weather eating, and this week that means apples and butternut squash in everything from pastas to traybakes, says Emily Weinstein

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