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The Latest Breaking News from Oil

Climate Activists Sit In At Department of Transportation Over Oil Exports

Deepwater terminals in the Gulf would fuel output and growth despite the Biden administration's promises of steep emissions cuts.

Texas Observer

Leak in Ecuador state firm's gas pipeline ignites fire, five injured

Ecuadorean state oil company Petroecuador said on Thursday five people were injured in a fire caused by a leak in a pipeline that carries gas to a refinery in the South American country's Amazon region.

Reuters

Fan Heater vs Oil Heater - Which Is Cheaper to Run?

With so many options to heat the home, and households trying to spend less on energy, we’ve compared which is cheaper to run: fan heater vs oil heater.

Kiplinger

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Campaigners call for end to fossil fuel subsidy as windfall tax increases

THE UK Government’s move to increase the windfall tax on oil and gas companies "makes little difference" when it comes to…

The National (Scotland)

Energy transitions: why countries respond differently to the same problem

Russia’s invasion of Ukraine upended global energy markets. Sanctions on Russian exports and the suspension of gas deliveries to several European countries sent oil and gas prices skywards.

The Conversation

US Imposes New Sanctions over Iran Sanctions Evasion, Targets Chinese Firms

The United States on Thursday imposed sanctions on over a dozen companies based in China, Hong Kong and the United Arab Emirates that Washington accused of facilitating the sale of Iranian petrochemicals and petroleum products to buyers in East Asia. The latest US move against Iranian oil smuggling comes as…

Asharq Al-Awsat

UK energy windfall tax: what it is and why it needs to change

The UK government has increased its 25% levy on oil and gas companies – the UK energy profits levy – to 35% from January 2023 as part of its November 17 Autumn statement. The scheme has also been extended by two years to March 2028. Combined with a new 45%…

The Conversation

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Wind and solar farms to pay nearly half of windfall profits to Treasury

The windfall tax on renewables, biomass and nuclear power generators will be set at 45%, Jeremy Hunt announced in his autumn statement.

The Independent UK

Turn canned tuna into a luxurious dinner

My tuna-hating husband went back for seconds of this garlicky, salty dinner winner

Salon

Northern Ireland households to receive £200 heating oil payment

The support payment has been doubled and now will apply to all households

Belfast Live

Civet musk, a precious perfume ingredient, is under threat. Steps to support Ethiopian producers and protect the animals

The African civet — an animal closely related to the mongoose and widely distributed in sub-Saharan Africa — is among four mammals known to secrete scented compounds. Civets produce this “musk” to mark territory and communicate among themselves and other animals. It recently appeared in the news because when the…

The Conversation

Hunt’s modest environmental goals show party is out of tune with voters

Autumn statement backs nuclear power and offshore wind, but says nothing on onshore wind and solar

The Guardian - UK

Will the autumn statement do enough to ease the recession? Our panel’s verdict

The chancellor has presented the government’s economic plans as Britain suffers the highest inflation for 40 years

The Guardian - UK

Why fixing methane leaks from the oil and gas industry can be a climate game-changer – one that pays for itself

What’s the cheapest, quickest way to reduce climate change without roiling the economy? In the United States, it may be by reducing methane emissions from the oil and gas industry.

The Conversation

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Reuters

Analysis-Shocked by Ukraine war, Russian neighbour Kazakhstan looks west

There is little doubt that Kassym-Jomart Tokayev will extend his rule over Kazakhstan by seven years in presidential elections on Sunday. What is less clear is how the former diplomat can reduce his resource-rich country's dependence on Russia without alienating it.

The Guardian - UK

Chancellor extends energy windfall tax to ‘low carbon’ generators

Jeremy Hunt proposes to raise £14bn by also raising levy to 35% and extending it by two years

Evening Standard

Wind farms to pay higher windfall tax than oil rigs, Chancellor reveals

Jeremy Hunt hopes the taxes can raise around £14 billion for the Treasury between them next year

Reuters

Venezuela asks World Court to throw out Guyana border case

Venezuela told judges at the International Court of Justice (ICJ) on Thursday that they should throw out a case filed by Guyana in a long-running border dispute, which could determine which country has rights to offshore oil and gas fields.

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Irish Mirror

How to get rid of bedroom mould with brilliant €4 hack

Over the winter months, people may notice damp patches around their homes, which can promote the growth of mould. However, there is a simple hack that can prevent this

Tribune News Service

Quick Fix: Coconut-Crusted Shrimp bakes in only 10 minutes

Crispy coconut flavors these shrimp for a tasty quick dinner. My husband wanted to have some coconut-crusted shrimp and I wanted to bake them rather than fry them. Mixing coconut and panko breadcrumbs with a little oil was the answer. The mixture coated the shrimp, and they baked in only…

Dynamite News

Arun Kumar Singh to be next CMD of ONGC

Oil refining and marketing company BPCL's former chairman Arun Kumar Singh is likely to be the new chairman of India's top oil and gas producer ONGC. Read full details on Dynamite News.

The Times of India

Cosmetic ingredients that cause acne

People with acne-prone skin will relate, we are petrified of anything that feels heavy on the skin, anything

Evening Standard

Best bath oil and soaks for ultimate relaxation

It’s giving “The One Where Chandler Tries A Bubble Bath” vibes

The Independent UK

Three authentic Jamaican recipes for a Caribbean feast

These classic dishes are from Melissa Thompson’s new book Motherland, which charts the history of Jamaica and its food

Asharq Al-Awsat

Algeria Jails Ex-Sonatrach Head for 15 Years for Graft

An Algerian court on Tuesday handed a 15-year prison sentence to the former head of state energy giant Sonatrach in a corruption case. Abdelmoumen Ould Kaddour had been on trial over the 2018 purchase of the Sicilian Augusta oil refinery. According to Algerian media, the state oil and gas firm…

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