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The Latest Breaking News from Oil

Reuters reveals alleged 'secret abortion programme' run by Nigeria's army

In tonight's edition: Reuters journalists find evidence of a systematic, illegal abortion programme run by the Nigerian army. It says thousands of terminations have been carried out, often without women's consent. Also, could Uganda be turning the corner in its battle against Ebola? No new cases have been detected for…

France 24

Oil Rebounds on Optimism over China's Revamp of COVID Protocols

Oil prices rebounded on Thursday amid optimism over China's easing of anti-COVID measures, recouping losses after slumping to the lowest levels so far this year in the previous session. Brent crude futures rose $1 or 1.3% at $78.17 per barrel by 0750 GMT, while US West Texas Intermediate (WTI) crude…

Asharq Al-Awsat

Offshore oil workers take strike action in dispute with 'Scrooge' employer

OFFSHORE oil workers began two days of strike action on Thursday in a dispute over pay and conditions.

The National (Scotland)

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Saudi Arabia to Establish Regional Center for Chinese Factories in Riyadh

Saudi Energy Minister Prince Abdulaziz bin Salman said on Wednesday that relations between Saudi Arabia and China are witnessing a paradigm shift, which reflects the keenness of both countries’ leaderships to develop them. Prince Abdulaziz said both sides seek to bolster cooperation in the energy supply chains by establishing a…

Asharq Al-Awsat

India to make Russia its number one oil supplier in move that could scupper impact of price cap

Exclusive: Analysts tell The Independent that India is now expected to overtake EU as largest importer of Russian crude following European ban

The Independent UK

Number of oil tankers waiting at Bosphorus rises by five - Turkish agency

The number of oil tankers waiting in the Black Sea to cross Istanbul's Bosphorus strait on the way to the Mediterranean rose by five to 16 on Thursday, a shipping agency said, amid talks between Western and Turkish officials on steps to resolve the tanker queues there.

Reuters

Farmers want gas pipeline for 'bully' axed

The NSW energy minister has been asked to reject an oil and gas giant's plans to enter farming land as part of a 400-kilometre underground pipeline project.

AAP

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Mohamed bin Zayed and Putin Discuss Bilateral Relations

The President of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan, discussed in a telephone call on Wednesday with Russian President Vladimir Putin the relations between the two countries and ways to promote friendship and cooperation, WAM news agency reported. The two officials also discussed regional and international matters…

Asharq Al-Awsat

Qatar’s gas output increase could cause catastrophic global heating, report says

If Qatar exploits all its reserves it will add 50bn metric tons of CO2 to atmosphere, more than entire annual emissions of whole world

The Guardian - US

TotalEnergies in court over massive oil projects in Uganda, Tanzania

The French energy giant TotalEnergies appeared in a Paris court after years of delay in a case in which six NGOs accuse it of "failing in its duty of vigilance" on two massive oil drilling and pipeline projects in Uganda and Tanzania.

Radio France Internationale

Analysts see Fed rate hike of 0.5%

Analysts expect the Federal Reserve to raise interest rates by 0.5% in the middle of this month, putting pressure on stocks, gold and oil to continue their freefall.

Bangkok Post

Invisible skin mites called Demodex almost certainly live on your face – but what about your mascara?

Demodex are a family of eight-legged mites that live in the hair follicles and associated sebaceous or oil glands of many mammals.

The Conversation

Sensible to go where India gets best oil deal, says external affairs minister

NEW DELHI: Foreign minister S Jaishankar said on Wednesday while the government doesn’t ask Indian companies to purchase Russian oil, it’s a sensible policy to go where India gets the best deal in the interest of its people. He also said India’s concerned about what impact the price cap on…

The Times of India

The Best Energy ETFs to Buy

Energy ETFs can help investors earn income, hedge against inflation and speculate on commodity prices. Here are five we like.

Kiplinger

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Bangkok Post

PSTC eyes higher gas sales

SET-listed Power Solution Technologies (PSTC), a provider of clean energy solutions and construction services, is expecting higher sales of compressed natural gas next year because of environmental concerns and factory operators' desire to cut costs.

Reuters

U.S. tells Turkey no need for additional checks on oil tankers

U.S. Deputy Treasury Secretary Wally Adeyemo told Turkish Deputy Foreign Minister Sedat Onal in a call on Wednesday that the price cap on Russian oil does not necessitate additional checks on ships passing through Turkish territorial waters, the U.S. Treasury Department said.

StockNews.com

The 2 Most Aggressive Energy Stocks to Buy Right Now

The oil and gas market is expected to remain tight, and analysts project prices will surge further in 2023. Amid this, investors should consider buying energy stocks Valero Energy (VLO) and Adams Resources & Energy (AE), which have gained significant momentum this year. Read on….

The National (Scotland)

Offshore oil workers walk out in dispute with ‘Scrooge’ employer

OFFSHORE oil workers began two days of strike action on Thursday in a dispute over pay and working conditions.

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news in one place.

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The Independent UK

US to boost natural gas exports to UK in energy partnership

The United States will increase exports of liquefied natural gas to Britain under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine

The Guardian - UK

Donate ‘wartime profits’ to Ukraine or pay windfall tax, MPs tell BP

The company, which still owns stock in Russian oil, is being pressured to sever all ties with the country

The Guardian - UK

Memo to Just Stop Oil and everyone risking all to save the planet: we need a rethink

We must find new ways to protest and keep the public on side, says Feyzi Ismail, lecturer in global policy and activism at Goldsmiths university

The Independent UK

Save ‘up to £200 in fuel a year’ by doing these 9 things

Motoring experts tell Lisa Salmon how good car maintenance and careful driving can help save a fortune on fuel costs.

The Independent UK

‘BP must divest from Russian oil firm or pay for Ukraine’s reconstruction’

Dame Margaret Hodge called for the British company to cut its ties with oil firm Rosneft, which is majority owned by the Russian state.

The Independent UK

Swiss climate activists lament election of oil lobbyist

Environmentalists in Switzerland have criticized the election of a top car- and oil-industry lobbyist to the country's new government, calling it a “disaster for climate policy.”

Reuters

China's Xi on 'epoch-making' visit to Saudi as Riyadh chafes at U.S. censure

Chinese President Xi Jinping began a visit to Saudi Arabia on Wednesday that Beijing said marked its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a long-standing partnership with the West.

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