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The Latest Breaking News from Oil

World Bank: Iraq Must Pursue Greener Growth Model

Iraq, a top oil exporter battered by climate change impact, must diversify its economy and pursue a “greener growth model,” the World Bank said Tuesday. In a new report presented to authorities in Baghdad, the Washington-based institution said $233 billion must be invested by 2040 to allow Iraq to embark…

Asharq Al-Awsat

A Step-up for China’s Involvement in the Middle East

Beijing will soon supplant Washington as a dominant security partner – and the Arab world sees a chance for leverage.

The News Lens

OPEC Sees Robust Global Oil Demand Growth in 2023

OPEC on Tuesday said it expected to see robust global oil demand growth in 2023 with potential economic upside coming from a relaxation of China's zero-COVID policies, which this year have pushed the country's oil use into contraction for the first time in years. World oil demand in 2023 will…

Asharq Al-Awsat

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RAC issues winter car safety check list as vehicle breakdowns reach record high

Experts say the cold weather has increased the number of car breakdowns.

Daily Record

Prima to expand fleet of vessels

SET-listed Prima Marine, a provider of marine transport and crude oil and petroleum product storage, is expanding its fleet of vessels to serve growing demand for transport services in Southeast Asia.

Bangkok Post

Smart sanctions for a stupid war: The West finally gets clever about Russia

The European Union and the United States are now targeting maritime protection and indemnity (PI) insurance clubs to limit Russian shipping capacity and cap the price of its oil, meaning we’re finally beginning to see some smart sanctions for a stupid war.

The Conversation

Company starting to recover oil from Kansas pipeline spill

The company operating a pipeline that leaked about 14,000 bathtubs’ worth of crude oil into a northeastern Kansas creek is recovering at least a small part of it

The Independent UK

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We will be thanking Just Stop Oil protesters in years to come

Letters: Nan Howitt praises the courage and bravery of activists campaigning for a greener, cleaner world, and Paul Fisher says that in the future people will wish they had listened to them

The Guardian - UK

Will Putin Adhere To G7 Price Cap? EU To Face Tough Year Filling Oil, Gas Reserves

Until the Russia-Ukraine War, the European Union (EU) relied on Russia for roughly close to 40% for natural gas supply.

Zenger

2 Oil and Gas Stocks to Add to Your Portfolio Now

The energy industry seems to be at crossroads, given the prospects of demand-supply dynamics. Analysts expect the prices to surge and see continued outperformance in the upcoming months. Hence, quality oil and gas stocks PBF Energy Inc. (PBF) and Adams Resources & Energy, Inc. (AE) might be solid additions to…

StockNews.com

Michael Hiltzik: Solar and wind energy are killing off fossil fuel, despite the right's best efforts

American conservatives may be trying to hold back the tide, but solar and wind power are surging worldwide, leaving coal, natural gas and oil in the dust as energy sources.

Los Angeles Times

Pump up the vol-au-vent: how to pep up supermarket party food

A lively homemade sauce or a handful of herbs is sometimes all that’s needed to spruce up a drab dip or tame canapé, according to our panel of cooks

The Guardian - UK

What does ‘nature positive’ mean – and can it rally support to stop biodiversity loss?

The buzz phrase aims to be for biodiversity what ‘net zero’ is for climate campaigning. Yet some fear it is too vague, and open to greenwashing

The Guardian - UK

Renaissance Man Liam Payne Revealed He Spent 50 Goddamn Hours On A Payne-Ting Of… The Queen

Liam Payne recently revealed he spent 50 hours on an oil painting of Queen Elizabeth II, a follow up to his painting of Prince Philip.

Pedestrian.tv

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Al Jazeera

When will global gas prices go down to pre-Ukraine war levels?

Energy analysts explain why much of the world can expect high prices for at least the next two years.

Asharq Al-Awsat

Iran’s ‘Anger’ Among 3 Reasons for Growing Economic Paralysis in Syria

No one can deny that the economic crisis in Syria is unprecedented. But what are the real reasons for it? Why isn’t Iran helping in resolving it as it had helped the regime throughout the past decade? And will that lead to “political concessions” from Damascus? The economic crisis in…

The Independent UK

Tips and recipes to use up the last of autumn’s vegetables

Make the most of mushrooms, butternut squash and kale before they go out of season

Reuters

Eight oil tankers wait to pass through Istanbul strait -agency

The number of tankers waiting to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean fell to eight on Tuesday from 13 a day earlier, the Tribeca shipping agency said, in a further easing of the recent build-up in traffic.

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Reuters

Ecuador's state oil firm says weather power outage hits hundreds of wells

Ecuadoran state oil firm Petroecuador on Monday said weather-related damage to a power line affected more than 700 wells in its most productive blocks in the country's Amazon region, further biting into its crude output.

Tribune News Service

Keystone has leaked more oil than any other pipeline in US since 2010

Last week’s oil spill in Kansas means that TC Energy Corp.’s Keystone pipeline has now leaked more crude oil than any other conduit on U.S. land in the past 12 years.

Caixin Global

China and Saudi Arabia Agree on $50 Billion of Deals

Saudi investment minister puts a value on a raft of accords signed last week during President Xi Jinping’s state visit, Bloomberg reports

The Conversation

Digital technologies for biodiversity protection and climate action: Solution or COP out?

With biodiversity declining at unprecedented rates and less than a decade remaining to avert the worst effects of climate change, world leaders and policymakers are on the hunt for new and innovative solutions. In the halls and meeting rooms of global COP conferences, digital technologies have been heavily promoted to…

Chronicle Live

Families with no gas will get extra £200 to help pay for heating in the new year

Additional cost of living payment will be paid to millions of households who use oil, LPG or biomass boilers to heat homes

Fortune

A full-blown European energy crisis next year just became a lot more likely, as China’s reopening means that Europe’s ‘key safety valve’ for energy is gone, according to S&P

Weak energy demand from China has helped Europe survive an energy crisis, but a resurgent economy means the continent’s “key safety valve” is gone.

Bangkok Post

Why does Biden want to buy Venezuelan oil again?

The fix is in. During the Thanksgiving holiday, the Biden administration announced it was quietly reversing policy and allowing limited petroleum imports from Venezuela. The Treasury Department lifted restrictions permitting a six-month deal to ease sanctions so that Chevron petroleum may buy and then ship Venezuelan crude oil to American…

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