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The Latest Breaking News from Oil

Study: Exxon Mobil accurately predicted warming since 1970s

A new study says Exxon Mobil’s scientists were remarkably accurate in their predictions about global warming

The Independent UK

Exxon climate predictions were accurate decades ago. Still it sowed doubt

Exxon's climate research decades back painted an accurate picture of global warming, according to a new scientific paper. Still, the oil company continued climate-denying policy efforts.

WEKU

Explosion Breaks Chinese Tanker in Half; Two Crew Members Missing

Disaster in heavily traveled area of Yellow Sea near Qingdao didn’t result in a crude spill as the vessel wasn’t loaded

Caixin Global

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This oil giant accurately predicted global warming — and still lied about it

New research finds ExxonMobil's internal research accurately projected global warming, even as their public messaging downplayed climate change.

Inverse

U.S. House passes bill banning exports of reserve oil to China

The U.S. House of Representatives overwhelmingly passed a bill on Thursday to ban releases of oil from the U.S. Strategic Petroleum Reserve from being exported to China, though the measure faces an uncertain future in the Senate.

Reuters

UAE names its oil company chief to lead U.N. climate talks

The United Arab Emirates nominated Sultan al-Jaber, who both leads Abu Dhabi's state-run oil company and oversees its renewable energy efforts, to be the president of climate negotiations in Dubai.

WEKU

Two veto referendum campaigns and California executive departments disagree on when referendums suspend fast food workers and oil and gas laws

The campaign Save Local Restaurants filed 1 million signatures for a veto referendum to overturn California Assembly Bill 257 (AB 257), also known as the FAST Act, on Dec. 5, 2022. At least 623,212 signatures must be valid. Counties have until Jan. 25, 2023, to check a random sample of…

Ballotpedia

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Hacks that will change your skincare game

Glowing and healthy skin is always in demand. Overall, it gives the complexion a more lively, youthful, and healthy appearance. However, there are some wise hacks you may try to make your skin softer and sparkling if you're wondering how to achieve clear skin without having to invest tidy cash.

The Times of India

FMQs suspended as oil protester shouts from public gallery

FIRST Minister’s Questions was suspended on Thursday afternoon after an oil protester began shouting from the public gallery.

The National (Scotland)

Green hydrogen: why low-carbon fuels are not benefiting from high fossil fuel prices

The number and scale of projects using and making hydrogen, a gas that releases energy when burned without emitting carbon dioxide, is rapidly growing. If its construction goes to plan, a €2.5 billion (£2.18 billion) undersea pipeline will convey “green hydrogen” from Spain to France from 2030.

The Conversation

Further petrol shortages loom as French oil workers' union calls strike

As the CGT group plans to stop work at oil refineries to protest the government's proposals for pension reform, Prime Minister Elisabeth Borne has called on trade unions opposed to the reform "not to penalise the French".

Radio France Internationale

Windfall taxes unfairly punish the North Sea independents we rely on for oil and gas

The UK’s North Sea has changed – so too must the way we tax it

Evening Standard

Inside Mielle hair oil TikTok controversy and fears over haircare gentrification

A deep delve inside the debate surrounding Mielle Organics hair oil, after a viral TikTok video sparked important conversations online about Black-owned beauty brands and products

Daily Mirror

UAE names oil company chief to lead UN’s COP 28 climate talks

Sultan al-Jaber, CEO of the Abu Dhabi National Oil Co, will preside over the next round of climate talks in Dubai.

Al Jazeera

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WEKU

Oil, human rights, security: Here's what's in store for U.S.-Gulf relations in 2023

Visiting Saudi Arabia last summer, President Biden tried to reassure Arab leaders of U.S. commitment to the region's security. But Gulf nations aren't necessarily rushing to side with Washington.

France 24

UAE names head of national oil company to lead COP28 climate talks

The United Arab Emirates on Thursday named a veteran technocrat with experience in both renewable energies and the oil business to be the president of the upcoming United Nations climate negotiations in Dubai, highlighting the balancing act ahead for this crude-producing nation.

Asharq Al-Awsat

Saudi Arabia Accelerates Transition to Clean Energy

The second edition of the Future Minerals Forum kicked off in Saudi Arabia under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz. The Forum aims to develop dialogue on the future of minerals and investment in mining and boost cooperation throughout the area extending…

Insider UK

North east economy 'will not decline' as oil and gas production falls – Matheson

Meanwhile, the Prime Minister offers 'wholehearted support' for the Scottish oil and gas industry

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Bangkok Post

UAE oil chief to head UN climate talks

The head of the United Arab Emirates’ national oil company has been named president of this year’s COP28 climate talks, promising a “pragmatic” approach to tackling global warming.

The Independent UK

UAE names technocrat to lead upcoming UN COP28 climate talks

The United Arab Emirates has named a veteran technocrat with experience in both renewable energies and the oil business as the president of the upcoming United Nations climate negotiations in Dubai

Reuters

UAE names oil boss to lead climate summit, worrying activists

The United Arab Emirates said on Thursday that the head of state oil giant Abu Dhabi National Oil Company would lead this year's COP28 climate summit, fuelling activists' worries that big industry is hijacking the global response to environmental crisis.

AAP

Qld to fast-track oil refinery upgrade

The Queensland government will speed up approvals for Ampol to upgrade its oil refinery in Brisbane, which could keep it open until 2030.

Daily Record

Scots oil and gas workers need proper plan for the future

Record View insists it is vital we avoid the catastrophic destruction of communities that came with the end of our coal industry in the 80s.

Fortune

Falling Russian fossil fuel revenues could deal a lethal blow to Putin's war machine

Vladimir Putin is starting to see the main financing mechanism for his war in Ukraine dry up.

Capital & Main

Colorado Seeks Payments for Oil & Gas Cleanup

Process will set financial assurance plan for all producers’ wells.

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