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The Latest Breaking News from Oil

Yemen Urges Int’l Community to Classify Houthis as Terrorists after Qena Port Attack

In the wake of the Houthi drone attack on the Qena oil port in Shabwa Governorate, the Yemeni government called on the international community to classify the group as a terrorist organization. The militia claimed responsibility for the attack and threatened sea confrontations and more violent strikes. On Wednesday, the…

Asharq Al-Awsat

Biden tightens methane emissions rule amid push for more oil

The Biden administration is ramping up efforts to reduce methane emissions, targeting the oil and gas industry for its role in global warming even as President Joe Biden has pressed energy producers for more oil drilling to lower prices at the gasoline pump

The Independent UK

Commentary: The lesson of the $3,250 oil change and climate change — don’t ignore warning signs

I recently took my 11-year-old minivan in for an oil change and asked the mechanic to please turn off all the idiot lights on the dashboard because the reddish glare was becoming quite annoying. Imagine my surprise when I got a call sometime later from the same fellow with the…

Tribune News Service

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Just Stop Oil announces halt to M25 protests after days of traffic chaos

Just Stop Oil supporters have protested on the motorway for four consecutive days this week

Evening Standard

Watch: Sky News host begs Just Stop Oil protester ‘please stop shouting at me’ as group pauses M25 action

The heated interview came just hours before Just Stop Oil announced it would stop its campaign of disrupting M25

Evening Standard

Oil Jumps by Over 2% as China Eases COVID Curbs

Oil prices jumped more than 2% on Friday after health authorities in China, the top global crude importer, eased some of the country's heavy COVID curbs. Brent crude futures rose $2.39, or 2.6%, to $96.06 a barrel by 0745 GMT, extending a 1.1% rise in the previous session. US West…

Asharq Al-Awsat

National Highways defends M25 closures during Just Stop Oil protests

Tens of thousands of drivers suffered long delays this week as Just Stop Oil activists repeatedly carried out protests.

The Independent UK

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Rightwing group pushing US states for law blocking ‘political boycott’ of firms

Lobbying group Alec wrote model legislation to protect oil companies, big ag and gunmakers from economic backlash

The Guardian - US

M25 closures: Just Stop Oil ends motorway protests after four days of disruption

Climate campaigners did not say if they plan to resume protests, which shut sections of the motorway all week

The Independent UK

Gas producers using Cop27 to rebrand gas as transitional fuel, experts warn

Companies and financial backers are laying the groundwork for a shift in attitudes towards gas

The Guardian - UK

COP27: Renewables seen as opportunities for economic development in Africa

In tonight's edition: As African countries at the COP27 climate summit say wealthy nations haven't done enough to stop them from having to develop their oil industries, we ask how renewable sources can be used to lift people out of poverty on the African continent. Also, thousands of public workers…

France 24

Plastic-free Packaging Solution Enters US Market

Melodea’s eco-friendly coating protects packaged goods from oxygen, oil and grease transmission.

Zenger

To those who sneer at activists blocking roads: what are you doing to save the planet?

Blocking traffic and glueing yourself to buildings gets attention – polite marches do not, says the Guardian columnist Polly Toynbee

The Guardian - UK

Exclusive-Russian oil cap doubts spur insurer fears of ships left at sea

Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and European Union plan to cap the price of Russian crude, two senior industry executives told Reuters.

Reuters

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The Guardian - UK

Climate activists target private jet airports and demand ban at Cop27

Protesters gather at Farnborough and Luton as part of global action, also calling for tax on frequent fliers

StockNews.com

2 Momentum Stocks to Buy Into the End of 2022

Morgan Stanley believes the market could be up for a year-end rally. On the other hand, the oil and gas market is expected to remain tight amid various factors squeezing supply. Hence, investors could consider buying energy stocks TotalEnergies (TTE) and Energy Transfer (ET), which have gained significant momentum this…

The National (Scotland)

Norway halts new oil field in Arctic – could Rosebank be next to be scrapped?

NORWEGIAN state-owned energy company Equinor has announced it is postponing an investment decision on a new oil field in the Arctic.

Reuters

African nations tell COP27 fossil fuels will tackle poverty

African nations must be allowed to develop fossil fuel resources to help lift their people out of poverty, governments said at the COP27 climate talks in Egypt, which welcomed leaders of oil and gas companies sidelined at previous talks.

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Evening Standard

Just Stop Oil: Eleven activists charged following M25 protest

A Just Stop Oil activist on a overhead gantry on the M25. Herts police commissioner David Lloyd has questioned coverage of the protests (Just Stop Oil/PA)

Reuters

Yemen's Houthis increase pressure with oil port attacks as truce talks drag on

Yemen's Houthi group is piling on pressure to extract economic gains in U.N.-led talks for an extended truce deal with attacks on oil ports in government-held areas, which officials say have disrupted crude exports, choking state revenues.

Reuters

Explainer-Blood, treasure and chaos: the cost of Russia's war in Ukraine

Russia's Feb. 24 invasion of Ukraine has left tens of thousands of dead, displaced millions and spread economic strife across the world.

Wales Online

Motorway closed again as Just Stop Oil protesters climb gantries

Activists were protesting on the M25 for the fourth day in succession

The Independent UK

Police chief questions M25 protests coverage after journalist arrests

David Lloyd told journalists they should think about whether or not to give the protests by Just Stop Oil the “oxygen of publicity”.

Evening Standard

Just Stop Oil: Police commissioner says force ‘wrong’ to arrest journalists covering protests

Three journalists were arrested in Hertfordshire this week prompting widespread calls for press freedom

The Independent UK

What is hashish oil and how did it land Brittney Griner in a Russian jail?

Brittney Griner was finally released on Thursday 8 December after 10 months in Russian detention

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