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The Latest Breaking News from Oil

Biden taps oil reserve in attempt to curb gas prices

It's the latest of several attempts by the Biden administration to try and tame gas prices via the SPR.

Axios

Consumers taking out loans for lemons as dodgy used car sales rise in Queensland

Michelle took out a $10,000 loan to buy her dream car in April, but a week later it was at the mechanics with a major oil leak and she was left paying a loan for a vehicle she cannot use.

ABC News

Greg Wade’s passion for making bread yields his first cookbook

In “Bread Head: Baking for the Road Less Traveled,” the award-winning baker guides readers through the process of making bread at home.

Chicago Sun-Times

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Biden is releasing 15 million barrels from the strategic oil reserve to tame prices

The Department of Energy has another 400 million barrels in its strategic reserves, which the White House said it can pull from in the future if necessary.

WEKU

NTSB: Communications outage a factor in lift boat disaster

A federal agency says an outage involving a Coast Guard marine warning system and “data gaps” in radar systems were factors in last year's deadly capsize of an oil industry lift boat off Louisiana's coast

The Independent UK

Biden to announce release of oil in bid to curb gas prices

It's the latest of several attempts by the Biden administration to try and tame gas prices via the SPR.

Axios

Some risks too big: Insurers withdraw from fossil projects

Environmental campaigners are welcoming moves by insurance companies to exclude coverage for fossil fuel projects because of climate change

The Independent UK

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Biden to authorise more releases from US petrol reserves

US president will announce new actions to address oil and gas prices in a speech on Wednesday

The Independent UK

Coal projects outside China becoming ‘uninsurable’, says climate group

As big firms stop insuring coal, complex schemes unlikely to find expertise needed, says Insure Our Future

The Guardian - UK

Huntington Beach oil spill: $50 million settlement agreed to for locals hurt financially

Amplify Energy will pay $50 million to individuals and businesses that lost money last year when nearly 25,000 gallons of oil flowed into the ocean from of a ruptured pipeline about 4 miles off the coast of Huntington Beach, California, according to terms of a preliminary class action settlement filed…

The Orange County Register

Medibank apologises for 'cyber incident' and halts trading as ASX rises on Wednesday

Australian shares rise after US stocks ended higher on strong earnings, while oil prices fell overnight.

ABC News

New Jersey latest state to sue oil companies over climate misinformation

The state is going after five oil companies – ExxonMobil, Shell Oil, Chevron, BP and ConocoPhillips – for their role in the climate crisis

The Guardian - US

Sanctions on Russia are increasing, not decreasing, its revenue

The European Union has just approved new sanctions against Russia, including a price cap on oil sales, following the United States’ Sept. 30 announcement of new economic sanctions. Both announcements are in response to Russia’s annexation of four regions of Ukraine.

The Conversation

Did releasing oil from the Strategic Petroleum Reserve impact gas prices?

Our nation, in numbers. USAFacts provides a comprehensive, nonpartisan view of the state of our union.

USAFacts

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Salon

The oil industry has a talent vacuum

Who wants to work for the brands that brought you climate change?

Benzinga

Crude Oil Drops Over 2%; Akouos Shares Spike Higher

U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining around 300 points on Tuesday.

ABC News

Gas windfall profits tax could raise upwards of $20 billion, argues Australia Institute

A tax on the windfall profits generated by Australia's gas export industry due to soaring energy prices could raise more than $20 billion in a year, a new report from the Australia Institute argues.

The Texas Tribune

Texas Indigenous leaders target banks in fight against natural gas export terminals in Rio Grande Valley

Since Congress lifted the U.S. oil export ban in 2015, three proposed LNG export facilities have fallen victim to the protest. But the war in Ukraine is an impetus for two remaining projects.

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The Independent UK

Oil protesters arrested after being brought down from Dartford Crossing bridge

The Just Stop Oil activists had scaled the Queen Elizabeth II Bridge and stayed there for more than 36 hours.

The Independent UK

Biden looks to increase oil supplies ahead of midterm voting

President Joe Biden wants to past fossil fuels but he's looking to increase oil supplies ahead of next month’s midterm elections

The Independent UK

Just Stop Oil protest on Dartford Crossing ends as activists arrested

Traffic was diverted from Thames bridge for days as pair hung high above the roadway

Evening Standard

Just Stop Oil say they are ending Dartford Bridge protest as police probe fireworks video

Speicialists on a cherry picker are trying to reach the Just Stop Oil protesters who are 100ft up on Dartford Bridge

Evening Standard

Best matte lipsticks, from Charlotte Tilbury to NYX

For true staying power, there’s nothing that compares to a matte lipstick.

Wales Online

Dartford Crossing protesters agree to end protest and leave bridge

Police brought in a raised platform to remove the two protesters who scaled the QEII Bridge on Monday morning, forcing the closure of the bridge

Wales Online

Petrol prices rise for first time since early July after oil output cut

New figures have been released by the Government

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