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The Latest Breaking News from Oil

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.

Bangkok Post

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

The Independent UK

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.

Reuters

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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.

AAP

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.

Daily Record

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.

Fortune

Colorado Seeks Payments for Oil & Gas Cleanup

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

Capital & Main

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Best serums for combination skin to help you glow

Hard-working formulas to balance oily and dry complexions

Evening Standard

Oil companies sue LA over ban on drilling

LOS ANGELES — An oil company with a drilling operation in the Wilmington neighborhood filed a lawsuit Tuesday against the city of Los Angeles over its a sweeping new law that will phase out oil production.

Los Angeles Times

2 Energy Stocks to Buy This Week for a Brighter 2023

With the Chinese economy reopening and demand bouncing back, the energy sector is anticipated to witness recovery and growth in the foreseeable future. Given this backdrop, quality energy stocks Unit Corporation (UNTC) and Adams Resources & Energy (AE) might be solid buys this week for a brighter 2023. Read on….

StockNews.com

Call for Scottish Government to announce oil and gas production end date

THERE are calls for the Scottish Government to announce an official end date to oil and gas production.

The National (Scotland)

Just Stop Oil refuse to rule out disrupting King’s coronation this summer

The environmental protest group has said it could potentially target the King’s Coronation on May 6 in London

Evening Standard

The U.S. has thwarted Putin’s energy blackmail. Europe says ‘Tanks a lot!’

With European storage full and futures falling, energy alarmists are the only ones running out of gas, write Yale's Sonnenfeld and Tian.

Fortune

Report: Oil price cap takes small slice of Russia war chest

Russia's still making plenty of money from oil sales despite a price cap imposed by the Group of Seven major democracies

The Independent UK

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Asharq Al-Awsat

Saudi Energy Minister: Kingdom Intends to Utilize its National Uranium Resources

Saudi Arabia plans to use domestically-sourced uranium to build up its nuclear power industry, Energy Minister Prince Abdulaziz bin Salman said on Wednesday. He added that recent exploration had shown a diverse portfolio of uranium in the Gulf Arab state, the world's top oil exporter. Saudi Arabia has a nascent…

Insider UK

North Sea oil and gas to ‘effectively end’ in next 20 years

Opposition politicians and oil and gas stakeholders criticise draft transition plans

The Independent UK

School lawsuits over social media harm face tough legal road

Like the tobacco, oil, gun, opioid and vaping industries before them, the big U.S. social media companies are now facing lawsuits brought by public entities that seek to hold them accountable for a huge societal problem in the mental health crisis among youth

The Independent UK

Three cookbooks to kickstart healthy eating in 2023

Healthy eating doesn’t mean cutting out your favourite foods. Instead, take the opportunity to expand your healthy food repetoire, try some new recipes and start reaping all the benefits, says Prudence Wade

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The Independent UK

Philippine court voids oil exploration pact involving China

The Philippine Supreme Court has declared unconstitutional a 2005 pact by China, the Philippines and Vietnam to jointly explore for oil in the disputed South China Sea

Daily Mirror

Ronnie Wood's paintings make Rolling Stones rocker £1 million in a year

Ronnie Wood may be best known as a member of band The Rolling Stones but he's a keen artist, with him having had artwork such as oil paintings and prints displayed in exhibitions in recent years

Bangkok Post

PPPGC prepares listing to fund business growth

PPP Green Complex Co (PPPGC), a local palm oil manufacturer, is preparing to raise funds through an initial public offering (IPO) amounting to 342.8 million shares in a move to grow its businesses, including palm oil and oleochemical production.

The Independent UK

UAE to ban single-use plastic shopping bags starting in 2024

The United Arab Emirates announced a ban on single-use plastic shopping bags to take effect next year, the latest initiative aimed at reducing pollution in the oil-rich nation

StockNews.com

3 Energy Stocks You Shouldn't Wait Any Longer to Buy

Energy stocks are expected to outperform the market again this year, thanks to growing global energy demand and rising prices. Hence, it could be wise to invest in fundamentally strong energy stocks TotalEnergies (TTE), Valero Energy (VLO), and Adams Resources & Energy (AE) to capitalize on the industry’s tailwinds. Continue…

Fortune

Putin's stalled Ukraine war could make Russia a failed state by 2033, global strategists say

Economic collapse and social upheaval could be in the cards for Russia and Putin by 2033.

The Independent UK

Petrol prices below £1.50 a litre for first time since Ukraine war began

Motorists have been supported through a 5p fuel duty cut since February last year, though this is due to end in March

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