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The Latest Breaking News from Oil

Australia under pressure to sanction Myanmar military after Amnesty International report and leaked ANZ Bank transactions

Australia is an outlier among like-minded countries, including the United States, United Kingdom, Canada and the European Union, all of which have imposed tough sanctions on Myanmar's military rulers since the coup on February 1 last year.

ABC News

US offers bounty for Singaporean over N. Korea oil shipments

The United States Department of State on Thursday issued a US$5 million bounty for information on a Singaporean businessman who broke international sanctions by transporting fuel to North Korea.

Bangkok Post

Do you need a moisturizer for your oily skin?

Those with oily skin battle the appearance of shine and oil all the time. Many people with this skin type dread the idea of applying moisturiser to their face out of concern that it would increase oil production and accentuate the slick appearance they are trying to hide.

The Times of India

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Colombia congress approves $3.9 billion tax reform, raising duties on oil

Colombia's Congress on Thursday finished approving a tax reform set to raise an additional 20 trillion pesos ($3.98 billion) for the next four years, partially through increased duties on top exports oil and coal.

Reuters

Exclusive-G7 coalition has agreed to set fixed price for Russian oil -sources

The Group of Seven rich nations and Australia have agreed to set a fixed price when they finalize a price cap on Russian oil later this month, rather than adopting a floating rate, sources said on Thursday.

Reuters

UK orders Glencore to pay millions over African oil bribes

A British court has ordered commodities company Glencore to pay more than 280 million pounds for using bribes to bolster its oil profits in five African countries

The Independent UK

Eco-activist attacks on museum artwork ask us to figure out what we value

In the last few weeks climate change activists have perpetrated various acts of reversible vandalism against famous works of art in public galleries.

The Conversation

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Forty countries to unveil methane plans at UN climate summit, U.S. official says

Some forty of the 119 countries that pledged last year to slash emissions of the powerful greenhouse gas methane will unveil their plans to do so at the UN climate summit next week, according to a senior U.S. official.

Reuters

Gas Cars Consume Much More Electricity Than People May Realize

Some people fear EVs may eventually crash the electrical grid. There are plenty of details they should know before they let their concerns get the best of them.

InsideEVs

Can carbon-capture machines save us from climate catastrophe?

Renewed interest in carbon capture is putting the controversial technology back under the spotlight

Evening Standard

It’s Not Too Late to Buy These 2 Energy Stocks in 2022

Soaring oil prices amid solid demand have boosted the energy sector this year. Given the industry’s solid near-term prospects on the supply-demand dynamics, we think fundamentally sound energy stocks, TotalEnergies (TTE) and APA Corporation (APA), which have enjoyed a steady run this year, might still be worth adding to your…

StockNews.com

Hezbollah, Iranian oil smuggling network hit with sanctions

The U.S. has imposed sanctions on a group of individuals, firms and vessels connected to an oil smuggling outfit said to benefit the Lebanese militant group Hezbollah and Iran’s Revolutionary Guard Corps

The Independent UK

U.S. imposes new sanctions on oil smuggling network backing Iran's Quds Force

The United States on Thursday issued sanctions against an international oil smuggling network it accused of supporting Hezbollah and Iran's Quds Force, as Washington seeks to increase pressure on Tehran.

Reuters

Just Stop Oil campaign makes Christmas its next target

Protesters say they will continue to put themselves in harm's way as 'nothing has worked so far'

Wales Online

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Benzinga

Crude Oil Down Over 1%; Lincoln National Shares Plunge

U.S. stocks pared some losses midway through trading, with the Nasdaq Composite dropping around 80 points on Thursday.

Reuters

U.S. issues fresh Iran-related sanctions

The United States on Thursday imposed fresh Iran-related sanctions, targeting individuals it said were linked to Hezbollah and the Islamic Revolutionary Guard Corps' Quods force, as well as a number of shipping and oil companies.

The Independent UK

Greenpeace activists on trial over protest that blocked tanker of Russian diesel

The group claim they were acting to prevent a crime.

WEKU

The U.S. is trying to mend ties with Venezuela. One big reason? Oil

The Biden administration has extended an olive branch to Venezuela. It might sway Caracas to resume talks with the opposition for elections, and eventually let Venezuelan oil back on the world market.

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Radio France Internationale

France pushes industry giants to lower carbon footprint

As the Cop27 climate summit starts this weekend in Egypt, French President Emmanuel Macron has invited large French companies for a meeting to encourage them to accelerate the reduction of their carbon footprints. This comes as Greenpeace accuses French oil and gas company TotalEnergies of grossly underreporting its own emissions.

Reuters

German navy helping Norway protect oil rigs, pipelines

The German navy is helping Norway to protect critical maritime infrastructure such as oil rigs, undersea cables and pipelines, is ready to do the same off the Danish and Swedish coasts, its head said on Thursday.

The Guardian - UK

London court forces Glencore to pay record £281m for bribery in Africa

Miner hit with largest ever UK legal penalty for a company over ‘endemic’ corruption at African oil trading desk

Irish Mirror

Oil and gas firm based in tax haven Jersey lobbying Irish politicians on LNG

"The energy security review must reject LNG, including state-backed, and new oil and gas exploration"

The National (Scotland)

Climate activists target fossil fuel backing bank in Glasgow on eve of COP27

XR activists staged a protest outside of JP Morgan's Glasgow office

The Guardian - UK

UK’s largest oil and gas producer warns against tougher windfall tax

Harbour Energy says higher levy and extended timeline will deter investment despite profits bonanza

Glasgow Live

Glasgow bank entrance blocked by climate activists protesting 'failure' of COP26

Climate activists from Extinction Rebellion locked themselves onto oil barrels at the Glasgow branch of an investment bank a year on from the COP26 summit in the city.

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