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The Latest Breaking News from Oil

Calls for 'meaningful' windfall tax as energy giant's profits soar

THE Scottish Greens have called for a more “meaningful” windfall tax as Shell reported its second highest quarterly profit on record.

The National (Scotland)

NGOs launch legal battle against French bank BNP over fossil fuel investment

BNP Paribas has been urged to cease its support for the expansion of fossil fuels by three NGOs who are threatening the banking giant with unprecedented legal action. The move came on the eve of the annual Climate Finance Day, hosted in Paris.

Radio France Internationale

£8bn Shell profits fuel new windfall tax call

Pressure on PM to act after £1,000-a-second profits as families face up to winter crisis

Evening Standard

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Ayrshire Roads Alliance boost environment - by using vegetable oil to fuel vehicles

The Ayrshire Roads Alliance (ARA) has announced that almost all of its fleet of vehicles will now be running on hydro treated vegetable oil (HVO) - instead of diesel.

Daily Record

Shell reports more than double profits as shareholders get huge payout

The oil giant previously promised that 2022 would be its most profitable year ever

Manchester Evening News

Editorial: Biden’s economic record an albatross for Democrats

As the November election looms, Democrats are in desperation mode, particularly as inflation and high gasoline prices dog voters as they cast their ballots. The president’s response has been to deny reality.

Tribune News Service

Just Stop Oil blockade roads around Mansion House Tube station during rush hour

Protesters with eco group blockade traffic on Cannon Street near Mansion House Tube

Evening Standard

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Shell 3Q earnings double, stir debate on energy profit tax

Shell’s earnings have more than doubled in the third quarter

The Independent UK

Whether gas prices are up or down, don't blame or thank the president

Prices at the pump are falling, which is welcome news for Democrats this election season. But politicians have very limited control over energy costs.

WEKU

Raging over spilt milk: behind the scenes of Animal Rebellion

Whether it’s activists gluing themselves to roads or upending supermarket dairy products, radical climate protests are everywhere. Tom Ellen talks to the campaigners — and police — to find out what goes into these acts… and how much it’s all likely to achieve

Evening Standard

Ukraine war to speed shift to green energy, IEA says

Energy crisis is leading to policy changes and more investment in green energy amid sanctions on Russia’s supplies.

Al Jazeera

Russia's Sechin says Taiwan will return to China 'on schedule'

Igor Sechin, chief executive of Russian oil giant Rosneft and one of Vladimir Putin's closest allies, on Thursday heaped praise on China's leaders and said Taiwan would return to its "native harbour" on time.

Reuters

Shell boasts profits of £8.2bn in three months as energy crisis continues

The oil and gas company made huge profits through its gas business, which offset the fall in oil prices

Wales Online

Shell more than doubles third-quarter profit as energy bills soar

OIL giant Shell added almost $10 billion in extra profit as gas prices remained high.

The National (Scotland)

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Evening Standard

Rishi Sunak and Jeremy Hunt will examine extending windfall tax, says Cabinet minister Nadhim Zahawi

It comes after Shell announced it had added $10 billion in extra profit to its balance sheet

The Guardian - UK

Shell paid zero windfall tax in UK despite record global profits

Labour calls for ‘proper windfall tax’ on oil and gas while TUC describes profits as ‘obscene’

The Independent UK

Three Halloween recipes for grownups

These spooky serves are perfect for a civilised Halloween bash

The Guardian - UK

Shell says it has not paid any windfall tax; European Central Bank hikes rates by 75 basis points – as it happened

Oil giant expects not to pay levy in 2022 because of North Sea investment relief; ECB doubles key interest rate to highest level in over a decade

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Daily Mirror

Shell profits more than DOUBLE to huge £8billion as Brits struggle against sky-high bills

Shell profits more than doubled to $9.45billion (£8billion) between July and September - up from the $4.2billion the energy giant recorded the same time last year

The Independent UK

Comfort food recipes that are actually good for you

River Cottage’s Hugh Fearnley-Whittingstall wants to do away with the perception that the food we love can’t also be good for us. Prudence Wade tests this theory with these recipes from his new cookbook

Asharq Al-Awsat

First batch of New Saudi Oil Grant to Yemen Arrives in Aden

The first batch of the Saudi oil derivatives grant, worth $200 million, arrived in Aden on Wednesday. The grant comes as an extension of Saudi Arabia’s continuous support to the Yemeni people under the directives of King Salman and Crown Prince Mohammed Bin Salman. Yemenis are hopeful that the grant…

The Guardian - UK

‘Monstrous’ east African oil project will emit vast amounts of carbon, data shows

Experts say crude oil pipeline from Uganda to Tanzania will produce 25 times host nations’ combined annual emissions

Reuters

Western officials finalizing plans for Russia oil-price cap

U.S. and Western officials are finalizing plans to impose a cap on Russian oil prices amid a warning from the World Bank that any plan will need active participation of emerging market economies to be effective.

The Conversation

Out of bounds: how much does greenwashing cost fossil-fuel sponsors of Australian sport?

High-profile Australian athletes and supporters across sports such as cricket, netball and Australian Rules football have recently called for their sports to reconsider their partnerships with fossil fuel or mining companies.

Evening Standard

Who is Last Generation? The climate activists who threw potatoes at Monet

Protest comes nine days after Just Stop Oil threw tomato soup over Vincent van Gogh’s Sunflowers painting

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