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The Latest Breaking News from Oil

Keystone Pipeline ran at heightened pressure before Kansas oil spill, cause still unknown

A special exemption from 2017 allowed the Keystone Pipeline to operate at pressures above the standard for crude oil transport, a report from the federal government shows. The exemption is receiving new scrutiny following last week’s oil spill in northern Kansas, the largest in the pipeline’s history.

Tribune News Service

Push to repeal California anti-oil law inches closer to goal

A California law that prohibits new oil and gas wells from being drilled near homes, schools and hospitals could face a referendum in the 2024 election

The Independent UK

Lanarkshire man injured in horror oil rig incident in Qatar as dad says attack was 'unprovoked'

Oil worker Christopher Begley has been hospitalised after an incident at an oil rig in Qatar which left one man dead and another believed to have been taken into custody by police.

Glasgow Live

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Increased oil, coal and car use are risking Irish climate targets, says Sustainable Energy Authority of Ireland

SEAI says two significant drivers were rebounding car use post-Covid as well the increasing use of coal and oil to create electricity

Irish Mirror

Explainer: Why Russia remains India's top oil supplier for 2nd month in a row

NEW DELHI: India has become one of the main outlets for Russian seaborne crude oil ever since its invasion of Ukraine in February.

The Times of India

Russian oil revenues fall in November despite production boost

Decline seen as evidence that western efforts to choke off the Kremlin’s earnings are working

The Guardian - UK

Dad of Scot injured in horror oil rig incident says son is victim of 'completely unprovoked attack'

Another man has died in the incident that left Christopher Begley from Glasgow injured.

Daily Record

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Man 'working for Scottish firm' dies after incident on Qatar oil rig

The man was found dead on the Seafox Burj platform, located in the Persian Gulf.

The National (Scotland)

HSBC updates climate policy to stop funding new oil and gas

British banking giant HSBC announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy

The Independent UK

African nations tap into oil wealth

The continent's vast oil reserves could spell trouble for the climate — and for Africans

Salon

The truth about fats - and why not all of them are bad for you

Widely regarded as the 'bad guy', this much-maligned foodstuff is actually essential for your health - you just have to make sure you're getting enough of the right type

Daily Mirror

Iran’s ‘Anger’ Among 3 Reasons for Growing Economic Paralysis in Syria

No one can deny that the economic crisis in Syria is unprecedented. But what are the real reasons for it? Why isn’t Iran helping in resolving it as it had helped the regime throughout the past decade? And will that lead to “political concessions” from Damascus? The economic crisis in…

Asharq Al-Awsat

HSBC pulls funds for new oil and gas fields in “green” victory

GREEN campaigners targeting big banks won a victory today, when HSBC said it will no longer lend cash or provide other finance to new oil and gas fields.

Evening Standard

Flood of Russian crude heads to Asia after EU ban kicks in

Russia has all but ceased to be a supplier of crude oil to Europe.

The Times of India

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The Independent UK

Met chief ‘would love to ignore’ protestors who disrupt motorways

Sir Mark Rowley said he is deeply concerned about the impact of Just Stop Oil demonstrations on policing in London.

Edinburgh Live

Scottish oil worker dies and another injured in Middle East rig platform tragedy

Colleagues on the platform reportedly said the dead man was discovered in a cabin with fatal injuries on Monday night. Another man, also believed to be Scottish, was injured during the incident.

Daily Mirror

Brit found ‘bludgeoned to death’ and another fighting for his life in Qatar mystery

Two Scottish men working on the Seafox Burj platform off the coast of Qatar have been allegedly murdered by their colleague in a mysterious tragedy

Daily Record

Scots oil worker dies and another injured in incident on Qatar rig platform

The incident is understood to have taken place on the facility in the country’s Al Shaheen oil field.

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The Conversation

Could Lithuania hold the key to Europe's energy security?

On 19 October, European Commission president Ursula von der Leyen announced that the EU had replaced two-thirds of its Russian gas imports since February by switching to other suppliers. Such a turnaround seemed unattainable last spring, when the invasion of Ukraine turned Moscow from an EU business partner into a…

Asharq Al-Awsat

World Bank: Iraq Must Pursue Greener Growth Model

Iraq, a top oil exporter battered by climate change impact, must diversify its economy and pursue a “greener growth model,” the World Bank said Tuesday. In a new report presented to authorities in Baghdad, the Washington-based institution said $233 billion must be invested by 2040 to allow Iraq to embark…

The News Lens

A Step-up for China’s Involvement in the Middle East

Beijing will soon supplant Washington as a dominant security partner – and the Arab world sees a chance for leverage.

Asharq Al-Awsat

OPEC Sees Robust Global Oil Demand Growth in 2023

OPEC on Tuesday said it expected to see robust global oil demand growth in 2023 with potential economic upside coming from a relaxation of China's zero-COVID policies, which this year have pushed the country's oil use into contraction for the first time in years. World oil demand in 2023 will…

Daily Record

RAC issues winter car safety check list as vehicle breakdowns reach record high

Experts say the cold weather has increased the number of car breakdowns.

Bangkok Post

Prima to expand fleet of vessels

SET-listed Prima Marine, a provider of marine transport and crude oil and petroleum product storage, is expanding its fleet of vessels to serve growing demand for transport services in Southeast Asia.

The Conversation

Smart sanctions for a stupid war: The West finally gets clever about Russia

The European Union and the United States are now targeting maritime protection and indemnity (PI) insurance clubs to limit Russian shipping capacity and cap the price of its oil, meaning we’re finally beginning to see some smart sanctions for a stupid war.

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