The Latest Breaking News from Oil

More than 3,000 arrested as massive climate protests block major Netherlands motorway for fifth day

Protestors say they would continue until Dutch government stops using public funds to subsidise oil and gas industry

The Independent UK · Sep 14, 2023

Thursday briefing: What we know about the sudden exit of BP’s Bernard Looney

In today’s newsletter: The CEO quit after admitting he had not been ‘fully transparent’ about relationships he had with employees – is this just the start of a new era of corporate accountability?

The Guardian - UK · Sep 14, 2023

New fossil fuel projects ‘very unwise economic risk’ says global energy chief

Fatih Birol, head of International Energy Agency, says countries planning expansion are ‘misjudging market trends’

The Guardian - UK · Sep 14, 2023

BP needs a new chief executive not a slower strategy towards net zero

Oil firm should get out and argue the case for sticking to the transition timetable as Bernard Looney’s successor is sought

The Guardian - UK · Sep 13, 2023

Oil-rich Guyana opens bids for new offshore blocks as it seeks to boost production

The government of Guyana has opened bids for 14 offshore oil blocks available for exploration and development as the South American country seeks to ramp up oil production

The Independent UK · Sep 13, 2023

Crude Prices Strengthen on the Outlook for Tighter Global Supplies

October WTI crude oil (CLV23) this morning is up +0.23 (+0.26%), and Oct RBOB gasoline (RBV23) is up +0.40 (+0.15%). Crude oil and gasoline prices this morning are modestly higher, with crude posting a nearly 10-month high. Tightness in global oil supplies is underpinning oil prices after OPEC on Tuesday...

Barchart · Sep 13, 2023

Texas Bets on Undersea Carbon Capture, Despite Concerns

critics worry about leakage through rock layers, pipeline safety and the lackluster record of carbon capture facilities onshore.

Texas Observer · Sep 13, 2023

‘Strategic partners’: A look at burgeoning Saudi-Brazil trade ties

Brazil and Saudi Arabia have long been economic partners, but the two are pushing to deepen trade and investment.

Al Jazeera · Sep 13, 2023

BP ‘turtle’ Brendan Looney out of the company he loved after relationships with staff

The story of how BP’s £10m-a-year-boss Brendan Looney had it all and threw it away

Evening Standard · Sep 13, 2023

First Thing: Kim Jong-un pledges to support Russia ‘in fight against imperialism’

North Korea’s ‘first priority’ is its relationship with Russia, Kim tells Putin during meeting at remote Russian space base. Plus, why is the US addicted to laxatives?

The Guardian - UK · Sep 13, 2023