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The Latest Breaking News from Oil

ACT Senator David Pocock questions Labor's approval of new oil and gas exploration sites

ACT Senator David Pocock says the federal government's decision to approve 10 new offshore sites for petroleum exploration "doesn't make sense" or align with its climate goals.

ABC News

It’ll be impossible to replace fossil fuels with renewables by 2050, unless we cut our energy consumption

Energy consumption – whether its heating your home, driving, oil refining or liquefying natural gas – is responsible for around 82% of Australia’s greenhouse gas emissions.

The Conversation

The Different Types of CBD Products You Can Find Online

This article was originally published on The Green Fund and appears here with permission.

Benzinga

From analysis to the latest developments in health,
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Oil firm Rockhopper wins £210m payout after being banned from drilling

Italian government ordered to compensate UK firm after exploration forbidden within 12 miles of coast

The Guardian - UK

Elders don't need to be consulted: Santos

Lawyers for oil and gas company Santos are giving their closing arguments as traditional owners from the Tiwi Islands challenge its offshore gas project.

AAP

Dow Rises Over 100 Points; US Crude Oil Inventories Decline Higher Than Expected

U.S. stocks extended gains midway through trading, with the Dow Jones gaining more than 100 points on Wednesday.

Benzinga

Tesco Ireland urgently recall tablets and ask customers not to take them

If anyone who has taken the tablets has been feeling unwell they should visit their GP

Irish Mirror

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Watch: Moment journalist is arrested by mistake as part of the Just Stop Oil protests

This is the moment an award-winning photographer is arrested by Surrey Police after mistaking him for Just Stop Oil eco-warriors who destroyed a petrol station on the M25.Captured on his dashcam Peter Macdiarmid, 57, is led back to his car so he can lock it up before being taken in…

Evening Standard

Ukraine war passes half-year mark, leaving a ‘toxic environmental legacy’

Six months into Russia’s invasion of Ukraine, efforts to assess the war’s environmental impact are still in their infancy. The relentless shelling of Ukrainian industrial sites has released poisonous substances, polluting the country’s soils and rivers and threatening its rich biodiversity. With most of Ukraine’s nature reserves located in conflict…

France 24

Moment award-winning journalist Peter Macdiarmid arrested after police mistake him for Just Stop Oil activist

Surrey Police said the 57-year-old had since been ‘de-arrested’ and defended their actions at the M25 eco-protest

Evening Standard

'Rosy' GERS figures ahead of 2023 indyref may bring boost for Yes, IFS argues

NEXT year’s GERS figures may be “fortuitous” for the pro-independence movement, painting a “relatively rosy picture” of Scotland’s…

The National (Scotland)

Scotland’s public spending deficit hits record of nearly £2,200 a head

GERS data puts gap between tax receipts and expenditure at £23.7bn despite jump in income from oil and gas

The Guardian - UK

Dozens arrested after M25 fuel pumps damaged

Climate group Just Stop Oil targetted Clacket Lane services eastbound and westbound, Kent; Cobham services, Surrey; and Thurrock services, Essex.

The Independent UK

Six months of war: Ukraine regains initiative, but makes no push

Western allies provided Ukraine enough assistance to deprive Russia of victory but not to defeat it, analysts say.

Al Jazeera

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The Guardian - UK

Britain imports no energy from Russia for first time on record

UK aimed to phase oil Russian oil imports by end of 2022; in June it achieved that target, ONS data shows

Benzinga

US Stock Futures Edge Lower; Crude Oil Rises 1%

Pre-open movers

Evening Standard

Oil price rebound scares investors ahead of key US Fed speech

THE price of oil surged back over $100 a barrel mark today adding to concerns about the cost of living crisis ahead of likely forecourt fuel hikes.

The Guardian - UK

Just Stop Oil protesters block service stations on M25 in second day of action

Environmental activists take action at Cobham services in Surrey, Clacket Lane in Kent and Thurrock in Essex

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Daily Record

GERS figures: Scotland's deficit falls to £23.7bn but still more than double the rest of the UK

GERS figures show the public spending deficit was £12.6bn lower than the previous year.

The Guardian - AU

Australian government launches offshore petroleum exploration permits for 47,000 sq km of ocean

Resources minister says exploration ‘central to alleviating future domestic gas shortfalls’ but Greens slam ‘mockery’ of climate target

AAP

Offshore gas exploration areas freed up

Almost 47,000 square kilometres of Commonwealth offshore waters have been made available to oil and gas companies.

The Guardian - UK

Felixstowe port disruption ‘could continue until Christmas’ says union – as it happened

Disruption at the UK’s largest container port could escalate until Christmas unless workers are given an improved pay offer, Unite boss says

Evening Standard

FTSE 100 Live: Brent crude back above $100 as supply fears grow

Brent crude was above $100 a barrel today as supply concerns put upward pressure on the oil price after a brief spell below the threshold.

ABC News

Federal government opens 46,000 sq km for offshore oil and gas exploration

The oil and gas industry will have access to another 46,758 square kilometres of Commonwealth waters, with two new offshore greenhouse gas storage areas also approved.

Asharq Al-Awsat

Oil Slips as Fears of Imminent OPEC+ Output Cut Fade

Oil prices fell on Wednesday, taking a breather from a near 4% surge the previous day, on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+. Global benchmark Brent crude futures fell 40 cents, or 0.4%, to…

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