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The Latest Breaking News from Oil

Why is Shell’s UK windfall tax payment so low?

The oil major has posted the biggest profits in its history, nearly $40bn for 2022, but will only pay $134m in taxes

The Guardian - UK

Pakistan is roiled by multiple crises at once, with little end in sight

A storm of global issues, from the Russian invasion of Ukraine to the Taliban's takeover of Afghanistan, has exposed and exacerbated Pakistan's political, economic and security fault lines.

WEKU

For Palestinians, the traditional olive harvest mired in conflict

Local workers have joined forces with European and Israeli activists to help farmers collect their crop

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Shell reports record profits as energy prices soar after Russia's invasion of Ukraine

Energy companies have been reporting blockbuster profits since last year, after Russia's invasion of Ukraine sent oil prices sharply higher.

WEKU

Five foods that experts say will slow down balding

From turmeric to pumpkin seeds, these foods will help keep your locks luscious

Wales Online

Nigerian communities file damages claim against Shell in UK court

The claims say oil spills resulting from Shell’s operations in the Niger Delta have endangered the lives of residents.

Al Jazeera

10 hair oils to strengthen your hair

Oiling your hair is imperative, be it any season, or any hair damage there is nothing that a good oil massage can’t rectify. But the hair oil can vary from season to season and since we are experiencing the chilly weather right now and taking long hot showers so we…

The Times of India

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Exxon reports record profits

The White House responds with renewed calls to boost production

Salon

Rishi Sunak understands public anger over ‘extraordinary’ Shell profits, No 10 says

Shell should invest more of the money in the UK, Downing Street suggest

The Independent UK

U.S. Permian Basin oil production — and profits — have surged

President Biden has been asking for more oil. Producers now think prices will be high enough for the next several years to justify it.

Axios

How much UK tax does Shell pay after reporting record profits?

Oil giant’s bumper year revives calls for tougher windfall levy on energy companies

The Independent UK

Shell profits branded 'sickening' as energy giant rakes in £68 billion in single year

Opposition parties have warned the UK Government's windfall tax does not go far enough.

Daily Record

Shell profit doubles to record $56 billion in 2022 as war drives up energy costs

Global energy giant Shell has said that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine.

ABC News

Nigerian communities file damages claim against Shell in London court

More than 11,000 Nigerians from the oil-producing Niger Delta have filed a compensation claim against Shell at the London High Court, the latest step in a case that will test whether multinationals can be held to account for the actions of overseas subsidiaries.

Reuters

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Daily Mirror

Stargazers baffled after spotting bizarre sky phenomenon that looks like oil on water

The strange sighting was made over Scotland and the Highlands at the weekend, including Moray, Montrose, Aviemore, Aberlour, Turriff and Carrbridge - but no one knew what it was

Bangkok Post

Diesel price to fall to B34.50 per litre

The domestic price of diesel will fall to 34.50 baht a litre later this month, down from 34.94 baht, following a decline in global crude oil prices.

The Guardian - UK

First Thing: Crackdown on environmental defenders at ‘alarming level’

Shooting in Atlanta part of dangerous escalation in the criminalization of environmental defenders, campaigners warn. Plus, how to escape learned loneliness

The Independent UK

Norway PM says oil profile to fund more aid to Ukraine

Prime Minister Jonas Gahr Støre of Norway says the oil-rich Scandinavian country will become one of the world’s top donors to Ukraine when his government presents another planned military and civilian aid package

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news in one place.

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Fortune

How Wall Street’s fossil-fuel money pipeline undermines the fight to save the planet

Big banks and investment firms have joined the ranks of companies making "net-zero" pledges. But their huge stakes in oil and gas projects are undermining their climate promises.

Tribune News Service

Quick Fix: Glazed steak recipe perfect for Valentine's Day

Here’s a simple glaze to flavor skirt steak. It’s a quick recipe for Valentine’s Day or really for anytime you want a steak dinner. I make the Sweet Potatoes and Zucchini side dish in the microwave. It’s fast and saves washing another pot. Microwave ovens have different power levels. Use…

The Independent UK

Shell profit doubles to record as war drives up energy costs

Global energy giant Shell says annual profits doubled to a record high last year as oil and gas prices soared after Russia’s invasion of Ukraine

Evening Standard

Best charcoal face masks for a smooth, soft and cleansed face

Promising a deeper cleanse than ever before

The National (Scotland)

Oil giant Shell reports highest profits in 115 years as energy prices soar

OIL giant Shell has said that profits skyrocketed to £68.1 billion in 2022 due to soaring oil prices.

Insider UK

Shell profits reach record £68 billion after energy price surge

Energy giant's earnings leap 53% year-on-year, following the Russian invasion of Ukraine

Asharq Al-Awsat

Egypt Cabinet Approves 13 Draft Agreements to Explore Oil, Gas

The Egyptian Cabinet approved on Wednesday 13 draft agreements between the Egyptian General Petroleum Corporation, the Egyptian Natural Gas Holding Company, and a number of international companies. Under the deals, the Egyptian General Petroleum Corporation will be responsible for oil exploration in areas west of Wadi Natrun, east of Siwa,…

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