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The Latest Breaking News from Oil

McLaren's F1 partnership with Gulf won't be extended

McLaren's partnership with the iconic Gulf Oil brand is to end this year, with their sponsorship contract not being extended into 2023.

Motorsport

Ghana proposes using gold to pay for oil

ACCRA: Ghana has ordered all large mining companies to sell 20% of their stocks of refined gold to the country’s central bank starting from Jan 1.

Bangkok Post

Saudi Non-oil Exports Grow by 13%

The Saudi General Authority for Statistics (GASTAT) revealed on Thursday that Saudi non-oil exports grew during the third quarter of 2022 by 13%, while they jumped by more than 30% in September. The value of oil exports, last September, amounted to about 100 billion riyals ($26.6 billion), compared to 70…

Asharq Al-Awsat

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Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price for Russia's Oil

Ukraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil. "There is no split, there is no schism among Europeans and we have to preserve this. This is our mission number one this year," Zelenskiy said…

Asharq Al-Awsat

Oil up amid Wrangling over Russian Oil Price Cap

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures rose by 28 cents, or 0.33%, to trade at $85.62 a barrel at 0410 GMT. US West…

Asharq Al-Awsat

Yemen Presidential Council: Iran Involved in Dhaba Port Attacks

Yemen’s Presidential Leadership Council (PLC) accused on Thursday Iran of being involved in the recent attacks on oil ports in the Hadramawt and Shabwa provinces. It revealed that the debris of the drones used in the attacks match aircraft manufactured by Iran. The Iran-backed Houthi militias had in the past…

Asharq Al-Awsat

City of Lexington and UK collecting used cooking oil for biofuel and recycling research

Fayette County residents will have the opportunity to properly dispose of cooking oil used during the holiday weekend.

WEKU

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Ghana plans to buy oil with gold instead of dollars

The move is aimed at tackling dwindling forex reserves amidst rising inflation and a weakening local currency.

Al Jazeera

Canada's Alberta province forecasts C$12.3 billion budget surplus

Canada's main oil-producing province Alberta on Thursday forecast a C$12.3 billion ($9.2 billion) budget surplus for the 2022/23 fiscal year, but warned economic risks are increasing as high inflation, rising interest rates and geopolitical unrest slow global activity.

Reuters

Overturned oil tanker closes busy Valleys road

The road was still closed on Thursday evening

Wales Online

Best small air fryers: Compact units that are perfect for meals for two

Great taste, mini space

Evening Standard

EXPLAINER: What's the effect of Russian oil price cap, ban?

The deadline is looming for Western allies to agree on a price cap on Russia oil

The Independent UK

Putin discusses West's oil price cap with Iraqi leader - Kremlin

Russian President Vladimir Putin on Thursday discussed Western attempts to cap the price of Russian oil during a phone call with Mohammed Shia al-Sudani, the new Iraqi prime minister, the Kremlin said in a readout of the call.

Reuters

Everything about Petrobras will be discussed with markets, says member of Lula's team

Brazil's incoming government has no intention of causing a "breakdown" of state-run oil giant Petrobras, a member of the transition team said on Thursday, adding that "everything" would be discussed with markets and investors.

Reuters

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The Guardian - AU

Tobacco companies can’t sponsor Australian arts. Should fossil fuel giants be banned too?

A 350.org database shows almost two dozen arts organisations are still reliant on mining money – but some are hunting for alternatives

Liverpool Echo

Warning to dog owners as poisonous blocks wash up on Merseyside beach

Blocks have reportedly appeared on one beach in Merseyside

Reuters

Turkish strikes hit oil installations in northern Syria, sources say

Turkish drones are targeting key oil installations run by the Kurdish-led Syrian Democratic Forces (SDF) in northeast Syria, three local sources said, in air strikes which drew strong condemnation from the United States overnight.

Liverpool Echo

Men swear £11 beard oil is 'best out there' and it's now on sale

"I use it daily. I love how it makes my beard feel and it smells great. It's undoubtedly the best product I have ever had for my beard and if the bottle ever runs out ( it seems to last ages) I will be buying it again. To sum it…

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France 24

EU energy ministers hold tense talks on Russian natural gas price cap

Talks are taking place in Brussels on a proposal to set the ceiling for the price of Russian natural gas at €275 per megawatt hour. The plan has come under criticism from all sides for either being too complicated, too high or unnecessary. Meanwhile, the G7's plan to cap Russian…

The Independent UK

Bishop told congregation they’d ‘drop dead’ from Covid if they didn’t buy his £91 protection kits

Bishop Climate Wiseman, 47, who preaches at the Kingdom Church in Camberwell, South London, says investigators probing his ‘scarlet yarn’ Covid kits are ‘the antichrist’

Tribune News Service

Quick Fix: Save time but keep the flavor with this veggie gumbo recipe

Here's a short-cut version of a Southern favorite: Gumbo Soup. It’s comfort food that can take hours to make. This gumbo captures the flavor without the hours. It’s a one-pot vegetarian meal.

Asharq Al-Awsat

Saudi Petrochemical Strategy in its Final Stages

Saudi Minister of Energy Prince Abdulaziz bin Salman said on Wednesday that the petrochemical sector was rapidly growing in demand for oil globally, stressing that the acceleration in growth will continue until 2040. In remarks during the inauguration of the Saudi Petrochemical Industries Company (SABIC) building in Jubail, the minister…

Bangkok Post

PTTEP faces $1.7bn suit over 2009 spill

JAKARTA: Indonesia is seeking at least 27.4 trillion rupiah (US$1.7 billion) in damages from PTT Exploration & Production Plc (PTTEP) in a planned lawsuit next year over the Montara oil spill, even after the Thai company reached an initial settlement with farmers in the area.

Irish Mirror

Irish motorists warned petrol and diesel price hike could be just around the corner

The average price of petrol now sits at €1.77 while diesel is €1.96 but filling up your tank might cost a lot more in a few weeks

Daily Mirror

Thanksgiving fire warning as chiefs caution against exploding turkeys - how to avoid it

The National Fire Protection Association have revealed more than 1,000 fires each year are caused by deep fryers on Thanksgiving, which results in $15million worth of property damage

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