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The Latest Breaking News from Oil

Dunelm shoppers are 'not turning on central heating' with £34 portable radiator

Shoppers say they don't need the heating with the retailer's radiator

Daily Record

What is carbon capture and storage? Where is it happening in the US?

Carbon capture is getting increasing attention as a part of the nation’s long-term climate goals. New Energy Department data identifies 58 active projects across the US

USAFacts

Starbucks adds olive oil to coffee in new range

The new recipe was launched in Italy on Wednesday, and will later be sold in Southern California, UK, Middle East and Japan

The Independent UK

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US energy firms use Ukraine war to lock in long-term gas contracts, report says

Oil and gas companies seek expansive contracts to tackle short-term problem of tight European gas supply

The Guardian - US

Tight fiscal leash awaits winner of Nigeria presidential election

Ahead of the election, Africa’s largest economy is in a precarious position due to rising debt and low revenue.

Al Jazeera

Starbucks launches extra virgin olive oil-infused coffee

Oleato range now on sale in Italy and comes to the US, UK, Japan and Middle East later this year

The Guardian - UK

Most Scots 'in no rush' to shut down North Sea oil production

Latest polling from industry body suggests that more than a third want to extend oil and gas extraction

Insider UK

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Starbucks launches olive oil coffee drinks in Italy with UK launch planned

The new range supposedly has an ‘extraordinary new flavour and texture’

Evening Standard

Tanzania approves controversial oil pipeline despite environmental concerns

Tanzania has approved the construction of a pipeline that would allow Ugandan oil to be delivered to international markets, dismissing environmental concerns about the project as “propaganda”.

Radio France Internationale

No economic 'knockout' yet from West's sanctions on Russia

One month into the invasion of Ukraine, President Joe Biden declared that sanctions against Russia had rendered the ruble almost immediately “to rubble.”

The Independent UK

Israeli-linked Oil Tanker Struck In The Persian Gulf That Was Denied By Iran

Iran rejects Jerusalem's accusation that Tehran attacked an Israeli-linked oil tanker in the Persian Gulf.

Zenger

OR allots B31.2bn for capex this year

PTT Oil and Retail Business Plc (OR) plans to allocate capital spending worth 31.2 billion baht to fuel businesses in Thailand and overseas, with the largest portion of money going to non-oil businesses.

Bangkok Post

How Putin has shrugged off unprecedented economic sanctions over Russia's war in Ukraine – for now

The U.S. and four dozen other countries have imposed punishing sanctions on Russia in reaction to its invasion of Ukraine on Feb. 24, 2022. The sanctions were unprecedented in their scope and severity for an economy of Russia’s size.

The Conversation

US supreme court lets Arkansas law penalising Israel boycotts stand

Anti-boycott law provides model for legislation to protect oil companies, gun makers and contentious industries from protest

The Guardian - US

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Salon

Both parties enable rail robber barons

The rail monopoly got a stranglehold on Congress, the executive branch and federal regulators

WEKU

Lentil soup comes to the rescue in quake-ravaged Turkey

It's a supersoup during this humanitarian crisis. Easy to make, it warms the displaced, fuels rescue crews and comforts residents traumatized by the disaster.

Daily Record

Celebs including Frankie Boyle write open letter to PM demanding ban on new Rosebank oil field

Scots comic joins Aisling Bea, popstar Aurora and around 200 campaign groups to call on Rishi Sunak to ditch controversial Rosebank development in the North Sea.

WEKU

China's top diplomat visits Moscow as Russia's war on Ukraine nears 1 year

Trade between China and Russia has increased over the past year, especially with Chinese purchases of Russian oil and gas.

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news in one place.

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Evening Standard

Extinction Rebellion target London Fashion Week with oil stunt and ‘die in’

The activist group were aiming to highlight Coca-Cola’s impact on the environment

The Guardian - US

Biden urged not to approve oil terminals that could create ‘carbon bombs’

Report finds four new offshore depots would emit around three times what the entire US emits each year, pushing world closer to climate catastrophe

Bangkok Post

OR to invest B31.2 billion this year

The Guardian - UK

Insulate Britain activist Xavier Gonzalez-Trimmer found dead

Body of missing 22-year-old campaigner who also took part in Just Stop Oil protests found in London park

The National (Scotland)

Frankie Boyle urges UK Government to ditch Rosebank oil field plans

COMEDIAN Frankie Boyle and climate campaigner Vanessa Nakate have urged Prime Minister Rishi Sunak to throw out plans to develop a new oil and gas…

Asharq Al-Awsat

Saudi Arabia’s GASTAT: Exports of Goods Increased by 1% in December

The General Authority for Statistics (GASTAT) has said that the value of exports of goods in Saudi Arabia during December 2022 amounted to SAR108 billion, an increase of SAR1 billion, or 1%, compared to SAR107 billion during December 2021. According to GASTAT’s publication, the value of oil exports during December…

Asharq Al-Awsat

Saudi Oil Exports Rose to 7.4 Mln Bpd in December

Decisions by OPEC+ are not politicized and are based on market fundamentals, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Monday, adding that the alliance of oil producers is sufficiently flexible to adjust policy as needed. Meanwhile, Saudi Arabia’s crude oil exports in December 2022 rose by 157,000…

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