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The Latest Breaking News from Oil

Oil Prices Slide as China Demand Data Disappoints

Oil prices fell on Monday after China released much-delayed trade data which showed that demand in the world's largest crude importer remained lackluster in September as strict COVID-19 policy and fuel export curbs depress consumption. Brent crude futures for December settlement slid 40 cents, or 0.4%, to $93.10 a barrel…

Asharq Al-Awsat

Hydrogen could be Scotland's greatest ‘opportunity’ for net zero targets

GROWING Scotland’s hydrogen sector could provide the country with its “greatest industrial opportunity since oil and gas”, Energy Secretary…

The National (Scotland)

Global climate summit is heading for a geopolitical hurricane

The last time world leaders got together for a climate summit, the backdrop was thoroughly menacing. A pandemic had decimated national budgets. Poor countries were up in arms over the hoarding of COVID-19 vaccines by the same wealthy nations whose fossil fuel consumption did most to warm the planet. Relations…

Tribune News Service

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ASX jumps as hopes of easing Fed policy grow — all sectors are in the green

Australian shares rise sharply, buoyed by miners, as investors found comfort in Wall Street's strong finish following a report that the US Federal Reserve will likely debate a less-aggressive interest rate hike in December.

ABC News

Biden adviser says OPEC+ output cut was mainly political move

President Joe Biden’s top energy adviser said the oil output cut by Saudi Arabia and its allies was a largely political move that won’t deter the U.S. administration from trying to curb domestic energy prices.

Tribune News Service

Green cabbage deserves the spotlight

This versatile leafy green is so much more than a "storage vegetable"

Salon

Four Just Stop Oil activists arrested over Abbey Road crossing protest

The climate activists blocked traffic on both carriageways of the North London crossing made famous by The Beatles.

The Independent UK

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'My hair used to get greasy constantly - this €1 hack keeps it clean for 4 days'

Many women try endless shampoos, treatments and sprays to try and reduce grease with little luck, and they are stuck in a cycle of hair washing every day to avoid leaving the house with oily, limp locks

Irish Mirror

Just Stop Oil activists block iconic Abbey Road crossing

Just Stop Oil activists blocked the famous Abbey Road crossing in what is the group’s 23rd day of civil unrest in the capital.

Evening Standard

Texas unions skeptical of wind jobs

With wind coming to the Gulf of Mexico, Texas unions demand stronger labor protections

Salon

French government: on right track over further easing petrol supply problems

The French government said on Sunday that France was on the right track over further easing the problem of petrol service stations not having enough petrol due to strikes at oil refineries, which had hit motorists around the country.

Reuters

Egypt Keeps Fuel Prices Unchanged until Year End

Egypt fixed gasoline prices on Saturday, for a period of 3 months until the end of this year, as a result of global economic conditions and their repercussions on the oil markets. The decision comes after three consecutive price increases, and the devaluation of the local currency against the dollar,…

Asharq Al-Awsat

Algeria businesses hope gov't will stay the course on reforms

Algerian businesses say they are starting to benefit from new rules to encourage investment and exports in one of the world's most closed economies, but they fear a petrodollar windfall could push the government back to its state-heavy model.

Reuters

Fears over Russian threat to Norway's energy infrastructure

Norwegian oil and gas workers normally don’t see anything more threatening than North Sea waves crashing against the steel legs of their offshore platforms

The Independent UK

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Asharq Al-Awsat

Yemen Govt Warns ‘All Options Open’ after Houthi Attack on Dhabba Oil Terminal

The Iran-backed Houthi militias’ attack on the al-Dhabba oil terminal on Friday sparked outrage in Yemen and Arab and international condemnation. The government said on Friday its forces had intercepted armed drones launched on the southern oil terminal in Hadhramaut province by the militias as an oil tanker was preparing…

Salon

Hoarding Colorado water for Big Oil

A loophole in Utah law could enable the country’s first commercial oil mining operation

Salon

Soup on the van Gogh: Kids are alright

Was the London soup-throwing incident an absurd plea for attention? Absolutely — it was also totally justified

The Guardian - UK

Just Stop Oil protest stops traffic in north London

Police arrest 17 protesters after activists glued themselves to the road in Upper Street, Islington

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Glasgow Live

Glasgow woman who had 'blizzard of dark thoughts' during perimenopause hoping to help others

Abi Judge wants to help others struggling with perimenopausal symptoms protect their mental health. She also spoke of her relief at getting through some of her darkest moments through the use of cannabis oil.

Evening Standard

Just Stop Oil activists block roads in Islington on 22nd day of civil unrest

Over 500 activists have been arrested so far this month

Chronicle Live

L.S Lowry oil painting of the North Sea at Sunderland fetches over £1m at auction

The North Sea, which was signed and dated in 1966, is said to be one of the finest examples of Lowry’s large scale sea paintings

Asharq Al-Awsat

Saudi Arabia Condemns Houthi Attack on Yemen Oil Port

Saudi Arabia condemned on Saturday the terrorist attack carried out by the Houthi militias on the southern Al-Dhabba oil port of Yemen's Hadramout province. In a statement, the Saudi foreign ministry said the “escalation” came after the UN-brokered truce in Yemen expired.

Asharq Al-Awsat

Biden Warned of Repeating Nixon’s Mistake

The administration of President Joe Biden is renouncing itself by repeating the mistakes of former President Richard Nixon in positions related to oil and the relationship with Saudi Arabia, according to US media. They warned of the consequences of severe disruption in energy supplies on global political and economic stability,…

Asharq Al-Awsat

Saudi Arabia, China Stress Importance of Reliable Oil Supplies for Market Stability

Saudi Arabia and China have agreed to cooperate in the field of "peaceful use of nuclear energy" and establish a regional hub for Chinese manufacturers to use the Kingdom's strategic location linking three continents. Saudi Energy Minister Prince Abdulaziz bin Salman held on Friday an online meeting with China’s National…

The Independent UK

Inflation protests across Europe threaten political turmoil

Across Europe, soaring inflation is behind a wave of protests and strikes that underscores growing discontent with the spiraling cost of living and threatens to unleash political turmoil

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