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The Latest Breaking News from Oil

Iran Rejects Israeli Claims on Oil Tanker Attack

Iran denies Israel's accusation that Tehran targeted an Israeli oil tanker on Feb. 10, Iranian foreign ministry spokesperson Nasser Kanaani said on Monday. The captain of the Liberian-flagged Campo Square said on Saturday it had been lightly damaged by an airborne object on Feb. 10 while sailing through the Arabian…

Asharq Al-Awsat

NI Science Festival explores big oil, green gadgets, the secret life of flies and what 2040 may hold

Environment is front and centre at the annual festival this year, with events from Belfast to Derry

Belfast Live

War economy

The world's economy and businesses have suffered from the Russia-Ukraine war over the past year, hamstrung by high energy prices, inflationary pressure and logistics disruptions.

Bangkok Post

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Shell and Vitol accused of prolonging Ukraine war with sanctions ‘loophole’

Exclusive: Ukrainian economic adviser urges energy firms to heed deadline to halt trade of ‘Russian-origin oil products’

The Guardian - UK

Black bean sauce noodles and curried pot rice – Su Scott’s feel-good Korean recipes

Making her mum’s Korean dishes for her own daughter led to the cookery writer winning an OFM Award. Now the recipes are at the heart of her new cookbook

The Guardian - UK

Israel Blames Iran for Attack on Oil Tanker

Israeli Prime Minister Benjamin Netanyahu on Sunday said that Iran was responsible for a reported attack on an oil tanker last week. An attack on the Liberian-flagged Campo Square was confirmed on Saturday by the ship's captain, who said it was lightly damaged by an airborne object on Feb. 10…

Asharq Al-Awsat

Fears of panic buying at Irish petrol stations as fuel prices to soar dramatically within weeks

The cost of oil and petrol is set to rise sharply next month when the reduction of excise duty – which was brought in to help with the cost of living crisis – ends.

Irish Mirror

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Israeli PM: Iran attacked oil tanker last week in Persian Gulf

Israeli Prime Minister Benjamin Netanyahu said on Sunday that Iran was responsible for a reported attack that occurred last week on an oil tanker in the Persian Gulf.

Reuters

Year of war in Ukraine left developing nations picking up pieces

Some of the harshest economic effects of the war are being felt much farther afield than Russia’s theatre of battle.

Al Jazeera

Motorex USA Inc. Has Acquired Spectro Performance Oils

Spectro Performance Oil was bought by Motorex USA which includes the business’ national and international business, blending, and storage operations.

RideApart

How will Raisi’s Beijing visit affect Iran-China ties?

Tehran wants to expand ties with its ‘strategic’ partner, but it faces serious hurdles.

Al Jazeera

BP CEO Bernard Looney pushes beyond recent headlines to detail the company’s upcoming plans

The three main energy issues BP is trying to solve, Looney says, are lower carbon emissions, affordability, and security.

Fortune

Emmerdale viewers spot major Vinny blunder as he turns to crime amid cost of living woes

Emmerdale's Dingle family were seen wrapped up at the start of the episode as they could not afford to turn the heating on amid money woes

Daily Mirror

On Ukraine's frontlines, Australian volunteers are risking their lives to help the most vulnerable

In north-east Ukraine, a small truck emblazoned with a jumping kangaroo delivers moments of hope to the most vulnerable. Behind the wheel is an Australian oil rigger.

ABC News

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The Independent UK

Judge praises Just Stop Oil activists as ‘good people with admirable aims’ as he convicts them

‘You are intelligent and articulate, and you have been a pleasure throughout to deal with,’ defendants told

Radio France Internationale

Electricity supplier EDF loses €18 billion, worst result in company's history

The national electricity generator EDF has reported one of the worst years in French corporate history, losing €18 billion and seeing debt rise to an unprecedented €65 billion in 2022. The impact of the Ukraine war and idling nuclear reactors spelt financial disaster for the state-controlled entity.

The Conversation

The war in Ukraine hasn't left Europe freezing in the dark, but it has caused energy crises in unexpected places

Through a year of war in Ukraine, the U.S. and most European nations have worked to help counter Russia, in supporting Ukraine both with armaments and in world energy markets. Russia was Europe’s main energy supplier when it invaded Ukraine, and President Vladimir Putin threatened to leave Europeans to freeze…

Salon

Big Oil backs out of climate promises

"If we see value, we’ll do it. If we don’t, we won’t."

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The Independent UK

Rosemary oil is TikTok’s latest beauty obsession – can it really boost your hair growth?

Could TikTok’s highly touted rosemary oil be the secret to luscious, healthy locks? Imy Brighty-Potts asks an expert.

Birmingham Post

Tyneside offshore firm TechnipFMC wins deals worth more than $150m

The Walker oil and gas business, which has global bases, has won the contracts with Equinor for work on the Norwegian Continental Shelf.

The News Lens

Can ASEAN Benefit From the EU’s Green Agriculture Push?

The EU wants to champion “green agriculture” in Southeast Asia. But limited trade relations, regulatory nightmares, and distrust could stymie it.

Reuters

Security drives U.S., Saudi efforts to overcome tensions

The United States and Saudi Arabia are trying to move beyond a public spat last year that saw strategic ties hit a nadir, as Western and Gulf security concerns align over the threat from Iranian drones, diplomats and regional experts say.

Asharq Al-Awsat

Saudi Energy Minister Says OPEC+ Deal Will Continue Until End of Year

Saudi Energy Minister Prince Abdulaziz bin Salman said the current OPEC+ deal on oil output would be locked in until the end of the year. In an interview published by Energy Aspects, the minister said the oil group can't increase output based solely on initial signals. OPEC+ agreed in October…

France 24

Ukraine war exposes splits between Global North and South

Over the past year, most Global South countries adopted a position of studied neutrality on the war in Ukraine. Their self-interest over the principles of international law and stability ended up serving Russian interests and regional tyrants, but not their citizens, who comprise most of the world’s population.

The Independent UK

Abu Dhabi state gas company to sell 4% of shares in IPO

The Abu Dhabi National Oil Company’s gas processing firm plans to sell 4% of its shares to local investors in the latest initial public offering to be made by a state-run energy company in the Middle East

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