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The Latest Breaking News from Oil

Chevron to resume Venezuela oil output as US eases sanctions

The Biden administration granted Chevron a license to resume oil production in Venezuela after U.S. sanctions halted all drilling activities almost three years ago.

Tribune News Service

Just Stop Oil protesters plan fresh chaos on Monday morning targeting 'key roundabouts'

Protest group Just Stop Oil plan to 'march, swarm and block' major roundabouts in London. Commander Karen Findlay of the Metropolitan Police said the force was 'fully prepared' to deal with the disruption

Daily Mirror

U.S. gives Chevron go ahead to pump oil in Venezuela again

The license signals an opening for other oil companies to resume their business in Venezuela.

Axios

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Venezuela's gov, opponents resume talks; US eases sanction

Venezuela’s government and its opposition have agreed to create a U.N.-managed fund to finance health, food and education programs for the poor, while the Biden administration eased some oil sanctions on the country in an effort to boost the newly restarted talks between the sides

The Independent UK

Biden eases Venezuela sanctions as opposition talks resume

The Biden administration is easing some oil sanctions on Venezuela in an effort to support newly restarted negotiations between the Venezuelan government and its opposition

The Independent UK

Energy-rich Qatar faces fast-rising climate risks at home

World Cup host Qatar sits in a region that is warming faster than anywhere else on earth besides the Arctic

The Independent UK

Saudi Arabia, Iraq to Complete Steps for Cooperation in Gas, Renewable Energy

Saudi Arabia and Iraq have agreed to complete work on a number of important joint projects in the fields of gas, petrochemicals, electricity and renewable energy, and to intensify communication between them to discuss more joint opportunities. This came during a meeting on Thursday between Saudi Energy Minister Prince Abdulaziz…

Asharq Al-Awsat

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Pack a punch: Chetna Makan’s Christmas chutney gifts – recipes

Three authentic chutneys that will enliven any festive table

The Guardian - UK

Russia-Ukraine war: List of key events, day 276

As the Russia-Ukraine war enters its 276th day, we take a look at the main developments.

Al Jazeera

Saudi Arabia's new "green" agenda

The petrostate pitched a plan to cut carbon at COP27. And it’s covered in oil.

Salon

PTT asked for assistance

The National Energy Policy Council (NEPC) has resolved to ask national oil and gas conglomerate PTT Plc to allocate 6 billion baht to help the government cap the increasing power tariff, part of efforts to slow the surge in electricity bills.

Bangkok Post

Hungarian FM on Russia's war in Ukraine: 'We want peace, not another sanctions package'

Hungarian Foreign Minister Peter Szijjarto doesn't rule out vetoing a ninth package of sanctions against Russia over its war on Ukraine – a package that is currently being prepared by the EU, along with a proposed price cap on Russian oil. "We want peace, not another [sanctions] package," he says.…

France 24

McLaren's F1 partnership with Gulf won't be extended

McLaren's partnership with the iconic Gulf Oil brand is to end this year, with their sponsorship contract not being extended into 2023.

Motorsport

Ghana proposes using gold to pay for oil

ACCRA: Ghana has ordered all large mining companies to sell 20% of their stocks of refined gold to the country’s central bank starting from Jan 1.

Bangkok Post

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Asharq Al-Awsat

Saudi Non-oil Exports Grow by 13%

The Saudi General Authority for Statistics (GASTAT) revealed on Thursday that Saudi non-oil exports grew during the third quarter of 2022 by 13%, while they jumped by more than 30% in September. The value of oil exports, last September, amounted to about 100 billion riyals ($26.6 billion), compared to 70…

Asharq Al-Awsat

Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price for Russia's Oil

Ukraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil. "There is no split, there is no schism among Europeans and we have to preserve this. This is our mission number one this year," Zelenskiy said…

Asharq Al-Awsat

Oil up amid Wrangling over Russian Oil Price Cap

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures rose by 28 cents, or 0.33%, to trade at $85.62 a barrel at 0410 GMT. US West…

Asharq Al-Awsat

Yemen Presidential Council: Iran Involved in Dhaba Port Attacks

Yemen’s Presidential Leadership Council (PLC) accused on Thursday Iran of being involved in the recent attacks on oil ports in the Hadramawt and Shabwa provinces. It revealed that the debris of the drones used in the attacks match aircraft manufactured by Iran. The Iran-backed Houthi militias had in the past…

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WEKU

City of Lexington and UK collecting used cooking oil for biofuel and recycling research

Fayette County residents will have the opportunity to properly dispose of cooking oil used during the holiday weekend.

Al Jazeera

Ghana plans to buy oil with gold instead of dollars

The move is aimed at tackling dwindling forex reserves amidst rising inflation and a weakening local currency.

Reuters

Canada's Alberta province forecasts C$12.3 billion budget surplus

Canada's main oil-producing province Alberta on Thursday forecast a C$12.3 billion ($9.2 billion) budget surplus for the 2022/23 fiscal year, but warned economic risks are increasing as high inflation, rising interest rates and geopolitical unrest slow global activity.

Wales Online

Overturned oil tanker closes busy Valleys road

The road was still closed on Thursday evening

Evening Standard

Best small air fryers: Compact units that are perfect for meals for two

Great taste, mini space

The Independent UK

EXPLAINER: What's the effect of Russian oil price cap, ban?

The deadline is looming for Western allies to agree on a price cap on Russia oil

Reuters

Putin discusses West's oil price cap with Iraqi leader - Kremlin

Russian President Vladimir Putin on Thursday discussed Western attempts to cap the price of Russian oil during a phone call with Mohammed Shia al-Sudani, the new Iraqi prime minister, the Kremlin said in a readout of the call.

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