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The Latest Breaking News on Energy

ExxonMobil takes EU to court in bid to block ‘counter-productive’ windfall tax

Oil and gas giant has accused the EU of overreaching its authority with move to tax profits amid energy crisis

The Independent UK

Ukraine news – live: No place in Bakhmut ‘not covered with blood’, says Zelensky

Vladimir Putin’s forces increasingly diminished at epicentre of fighting in Donbas, analysts believe

The Independent UK

Russia bans supply of oil to nations participating in Western price cap

Russian ban will come into force on 1 February 2023 and lasts until 1 July

The Independent UK

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Russia bans oil sales to nations, firms complying with price cap

Moscow’s response to the Western price cap is to stop supplying crude oil and oil products from February 1.

Al Jazeera

Putin Bans Russian Oil Exports to Countries That Imposed Price Cap

President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that impose the cap. The Group of Seven major powers, the European Union and Australia…

Asharq Al-Awsat

Pressure mounts on Biden administration for decision on giant Willow oil field project in Alaska

A major oil prospect on federal land in Alaska is hanging in the balance as pressure mounts on the Biden administration for a final decision to approve, or reject, the project.

Tribune News Service

Oil passes natural gas as main fuel for power plants in New England

Oil took over from natural gas as the leading fuel for power plants in New England, a significant switch that signals how the grid is desperately trying to keep the lights on in the face of a winter massive storm.

Tribune News Service

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Russia intends to cut oil output in response to Western price caps

As Russian President Vladimir Putin said he would sign a decree on Russia’s response to Western price caps on oil, Deputy Prime Minister Alexander Novak said output could be cut by 5 to 7 percent in early 2023.

Radio France Internationale

Just Stop Oil march in Clapham against government ‘clampdown’ with Camden protest to follow

Activists step up protests after Michael Gove approves Cumbria coal mine

Evening Standard

Just Stop Oil protesters march through London in support of jailed of activists

Just Stop Oil protesters marched through London blocking traffic in a protest in support of 150 of their jailed activists.

Evening Standard

UAE official says European ties with Gulf 'should not be transactional'

A senior United Arab Emirates official said on Saturday it was encouraging to see greater European outreach to Gulf Arab states in the face of the Ukraine conflict and energy crunch, but that engagement should not be "transactional".

Reuters

Russia oil price cap comes into force: How will it impact India

NEW DELHI: The Group of Seven (G7) nations, the European Union and Australia imposed a $60 per barrel price cap on Russian seaborne crude oil, with effect from Monday.

The Times of India

Oil spill in rural Kansas creek shuts down Keystone pipeline

An oil spill in a creek in northeastern Kansas has shut down a major pipeline from Canada through the Plains and to the Texas Gulf Coast

The Independent UK

‘BP must divest from Russian oil firm or pay for Ukraine’s reconstruction’

Dame Margaret Hodge called for the British company to cut its ties with oil firm Rosneft, which is majority owned by the Russian state.

The Independent UK

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Reuters

Hungarian government scraps price cap on fuels as shortage worsens

Hungary's government scrapped a price cap on fuels on Tuesday after a lack of imports and panic buying led to fuel shortages across the country in the past days that oil and gas group MOL said created a "critical situation."

The Independent UK

Just Stop Oil stage further marches slowing London traffic

Demonstrators obstructed the road at the Bricklayers Arms roundabout at around 8am on Tuesday.

Evening Standard

Just Stop Oil disrupt traffic at Bricklayers Arms roundabout in south London

Fifteen climate activists held banners and chanted as they walked on the road

Asharq Al-Awsat

Oil Prices Climb after Russian Crude Sanctions Kick in

Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased concerns about oversupply while the relaxing of China's COVID curbs bolstered the demand outlook. Brent crude futures had gained 85 cents to $83.53 a barrel…

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Motor1

Here's Why BMW Still Hasn't Given Up On Hydrogen

There are many aspects to hydrogen that could play a role in the future of motoring.

ABC News

Prime Minister Anthony Albanese tests positive for COVID, to work from home

Prime Minister Anthony Albanese is isolating at Kirribilli House in Sydney after testing positive for COVID-19 for a second time this year.

The Independent UK

Russian oil cap begins, trying to pressure Putin on Ukraine

Western countries on Monday began imposing a $60-per-barrel price cap and ban on some types of Russian oil, part of new measures aimed at stepping up pressure against Moscow over its war on Ukraine

The Independent UK

California lawmakers to meet, eye big oil's high gas prices

California lawmakers are preparing to return to work for a special session on gas prices

Los Angeles Times

High gas prices prompt California lawmakers to consider penalties on oil profits

SACRAMENTO, Calif. — A new class of California lawmakers will be sworn in Monday and thrust into the middle of Gov. Gavin Newsom's political fight with oil companies, testing the clout of an industry that spends heavily to influence the Legislature and potentially affecting gas prices for Californians.

Chronicle Live

Petrol and diesel prices likely to rise once again after recent major announcement

While fuel prices have dropped significantly since the record highs Britons had to pay over the summer, they still remain quite high.

Daily Mirror

Harrods comes under siege as protestors hijack bed and sofa displays

Just Stop Oil activists got into a bed and laid on sofas in the Harrods department store, in Knightsbridge, London, before being escorted out by a reported 20 security guards

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