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The Latest Breaking News from Oil

Russia shelled energy facilities in eastern Ukraine - Naftogaz

Russia attacked Ukrainian oil and gas facilities in eastern Ukraine overnight, causing a fire but no casualties, Ukrainian energy company Naftogaz said on Tuesday.

Reuters

UAE Central Bank Sees GDP Growth at 7.6% This Year

The UAE’s central bank expects real gross domestic product growth of 7.6 percent this year from its previous forecast of 6.5 percent, citing stronger performance of non-oil sectors including tourism, hospitality, real estate, transportation, and manufacturing. In quarterly review report for the third quarter of this year, the Central Bank…

Asharq Al-Awsat

Energy and Commerce agenda: More support for fossil fuels

WASHINGTON — When the 118th Congress dawns, count on the Energy and Commerce Committee to strike a posture friendly to fossil fuels, back policies to support pipelines and revisit the topic of energy permitting.

Tribune News Service

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Nigeria's economy in 2022: winners and losers

At the start of 2022, Nigerians hoped that, with less than two years to the end of President Muhammadu Buhari’s administration, the government would ramp up its efforts to reduce poverty and unemployment.

The Conversation

From face oils to reflective foundations: here’s what to buy your beauty addict best friend this Christmas

We all know one, we all love one, we might even be one. This is how to impress the hardest to please beauty and skincare snobs this Christmas

Evening Standard

Big oil is behind conspiracy to deceive public, first climate racketeering lawsuit says

Lawyer in a civil lawsuit launched by towns in hurricane-hit Puerto Rico describes why it is using laws used to target mob bosses

The Guardian - US

Niger Delta decries slow cleanups, decades after oil spills

Residents say response slow, rehabilitation of Nigerian oil-rich state’s environment must speed up.

Al Jazeera

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Scottish oil workers fear being stranded on rig for Christmas as flights scrapped

Hundreds of employees currently out in the North Sea may be forced to spend December 25 at work after their journey home was said to be cancelled due to bad weather.

Edinburgh Live

Saudi Oil Exports Hit 30-Month High in October

Saudi Arabia’s crude oil exports rose for a fifth straight month in October to the highest in 30 months, the International Energy Forum (IEF) said on Monday, citing data from the Joint Organizations Data Initiative (JODI). Crude exports rose about 0.7% to 7.773 million barrels per day (bpd) in October,…

Asharq Al-Awsat

Impressive but easy canapes for festive entertaining

Forget smoked salmon and cream cheese. Upgrade your Christmas canape game with these minimal effort showstoppers from some of IndyEats’ favourite chefs

The Independent UK

Horror as 87 killed including kids as oil tanker explodes in Afghanistan tunnel

An oil tanker exploded inside the Salang tunnel, north of Kabul, in Afghanistan, that has led to at least 87 reportedly killed and many more injured in the tragedy

Daily Mirror

PTTEP to sell stake in Angolan oil block

PTT Exploration and Production Plc (PTTEP) has announced the divestment of a 2.5% share in an oil project in Angola as it plans to direct funds to other regions.

Bangkok Post

EU countries vote to weaken law on methane emissions

European Union countries voted on Monday in favour of weakening the bloc's planned law to cut methane emissions in the oil and gas sector, weeks after the EU pledged at the COP27 climate conference to do more to tackle the potent greenhouse gas.

Reuters

2 Oil and Gas Stocks to Buy Into the New Year

Energy has outperformed the broader market this year. Despite the recent decline in oil and gas prices from their peaks, analysts remain bullish on the sector’s performance next year. Thus, as we head into the new year, it could be wise to buy fundamentally sound energy stocks Shell plc (SHEL)…

StockNews.com

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Los Angeles Times

Conservationists near goal of turning Orange County oilfield into nature preserve

LOS ANGELES — The nonprofit Trust for Public Land on Friday completed the purchase of an oil field that sits atop the coastal bluffs of Newport Beach, guaranteeing the property will be cleaned up and preserved as open space.

Salon

Tar sands oil spill is US's 2nd-largest

Experts say it will be harder to clean up than past leaks

StockNews.com

3 Energy Stocks That Are Big Buys Right Now

Despite energy prices coming under pressure due to interest rate hikes and the strengthening of the dollar, several factors, including the price cap on Russian crude, are expected to keep the energy market hot. Hence, quality energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), and Adams Resources & Energy (AE)…

Capital & Main

How a Colorado Law Could Force Boulder to Sell Oil and Gas to Private Company

State regulators could order Boulder County to sell its gas rights without consent.

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The Conversation

Ukraine war: Russia only hurts itself with its inflammatory discourse on Kazakhstan

It has been a turbulent year in Russian-Kazakh relations. Russia’s oil rich neighbour, which straddles central Asia and eastern Europe, started the year by asking for Russia’s help in restoring stability after protests erupted in its major cities.

Evening Standard

Best supplements for joint pain and arthritis: From Cod Liver to Chondroitin and Glucosamine

Find some daily relief

The Texas Tribune

To ease looming West Texas water shortage, oil companies have begun recycling fracking wastewater

Oil and gas companies are increasingly reusing “produced water” as West Texas aquifers are being depleted and the practice of injecting wastewater into disposal wells triggers more earthquakes.

The Independent UK

A climate-friendly Christmas dinner menu

From a miso and jackfruit pie to confit garlic dahlia root, Kimberley Duke reimagines the traditional Christmas dinner... that we could be eating in 50 years’ time

Asharq Al-Awsat

Oman Inaugurates OOMCO Marine Bunker Fuel Terminal at Port of Duqm

Oman inaugurated on Sunday the Oman Oil Marketing Company (OOMCO) Marine bunker fuel terminal worth OMR11 million at the Port of Duqm. OOMCO Marine is the bunker arm of OOMCO SAOG. Located in the Duqm Special Economic Zone (SEZAD), the terminal will supply the full range of bunker fuel to…

Roll Call

Energy and Commerce agenda: More support for fossil fuels - Roll Call

When the 118th Congress dawns, count on the Energy and Commerce Committee to strike a posture friendly to fossil fuels.

Nottingham Post

The Cod's Scallops to bring back beef dripping - but just at one of its Nottingham chippies

In November 2020 the chain announced it was swapping beef dripping for vegetable oil but the move didn't go down well with everyone and many missed the taste

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