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The Latest Breaking News from Oil

GCC Hails Saudi Role in Preserving World Economy, Stabilizing Oil Markets

The Secretary-General of the Gulf Cooperation Council, Nayef Al-Hajraf, on Thursday praised Saudi Arabia's role in protecting the global economy and the stability of energy markets, and affirmed total rejection of the statements issued against the Kingdom following the decision of the OPEC+ group. Hajraf expressed solidarity with Saudi Arabia,…

Asharq Al-Awsat

The White House accuses Saudi Arabia of aiding Russia and coercing OPEC oil producers

A major oil output cut by Saudi Arabia, Russia and other oil producers has drawn sharp accusations in Washington.

WEKU

Sick text killer dad Chris Watts sent mistress after murdering pregnant wife and kids

Chris Watts sent sickening texts to his mistress claiming he didn't kill his pregnant wife and kids just hours after he smothered them and hid their bodies in an oil field

Daily Mirror

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Exxon’s Exodus: Employees Have Finally Had Enough of Its Toxic Culture

The 140-year-old oil company is making more money than ever. Yet the pandemic exposed deep cultural problems—and talent is fleeing.

Businessweek

Oil output cuts 'raise recession risk'

LONDON: A decision by the Opec+ oil producers’ group last week to cut output has driven up prices and could push the global economy into recession, the International Energy Agency warned on Thursday.

Bangkok Post

Why is the US so angry with Saudi Arabia about oil supply cuts?

Joe Biden has threatened ‘consequences’ after Opec+ decided to reduce output in a decision that will benefit Russia

The Guardian - UK

Quick Fix: Black beans give this chili recipe a lighter texture

Here’s a different take on chili. It’s made with black beans instead of kidney beans. These give a lighter texture to the chili and are perfect for a vegetarian meal. The broccoli in this recipe is cut into small pieces that absorb the flavor of the tomato-based sauce. This chili…

Tribune News Service

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Just Stop Oil activists block St George’s Square roundabout on 13th day of London protests

Just Stop Oil protesters blocking a major roundabout in central London at rush hour have been confronted by furious motorists - with some tearing banners from their hands.

Evening Standard

Saudi Arabia Rejects Dictates, Attempts for Altering Kingdom’s Global Economy Protection Goals

Saudi Arabia, on Thursday, voiced total rejection of the statements issued towards the Kingdom following the OPEC+ decision to cut oil production. An official at the Foreign Ministry stated that the Saudi government has viewed the statements issued about the Kingdom following the OPEC+ decision announced on October 5, 2022.…

Asharq Al-Awsat

French strikes spread as government orders fuel depot staff back to work

French railway workers and civil servants voted on Thursday to join striking oil refinery staff with a walkout next week after the French government resorted to emergency powers to compel some fuel depot workers to return to their jobs in a bid to ease petrol shortages.

France 24

Saudis say US sought 1 month delay of OPEC+ production cuts

Saudi Arabia says that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies — including Russia — to cut oil production

The Independent UK

Adelaide pair given suspended sentences over unit explosion while making cannabis oil

An man and a woman from Adelaide receive suspended sentences after an explosion led police to discover an "unsophisticated and clearly dangerous" operation to extract cannabis oil from marijuana plants.

ABC News

Cost of living: Government reveals how oil customers will receive £100 credit

It was announced last month that home heating oil customers in Northern Ireland will receive a one-off payment

Belfast Live

Thursday briefing: Has Saudi Arabia picked Putin over Biden?

In today’s newsletter: After a summer spent persuading Saudi Arabia to lower costs, the world’s largest oil producer is doing the opposite – now the US president promises ‘consequences’

The Guardian - UK

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The Guardian - US

America’s love for cars continues – will gas prices decide the midterms?

Economy in focus: The US loves its cars – but soaring prices are a big issue. In the midwest, Adam Gabbatt asks voters what they think

The Independent UK

Poland sees no signs of interference in oil pipeline spill

The Polish operator of an oil pipeline says there are “no signs of any third-party interference” related to a leak in a pipeline that is the main source of crude oil from Russia to Germany

Asharq Al-Awsat

Crisis-hit Iraq Makes Latest Bid to Elect President

Lawmakers in crisis-hit Iraq meet Thursday for their fourth attempt this year to elect a state president and break a year-long gridlock marred by deadly violence that has deepened economic woes. Oil-rich Iraq has yet to form a new government after general elections more than a year ago that were…

Radio France Internationale

French union threatens legal action over requisitioned oil depot strikers

A legal battle over the right to strike is looming in France after a top union boss said he would go to the courts to stop the government from forcing oil refinery employees back to work.

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Benzinga

Stay Away From These 9 Investments In Retirement

By, Bob Ciura

The Independent UK

Norway is portrayed as both hero and villain in Europe’s energy crisis

Many countries are counting on Norwegian fuel to get them through the winter months, writes Emily Rauhala. But critics call the energy income obscene

WEKU

Gloom oozes from energy forecasts that show oil demand dropping, heating bills rising

The weakening economy around the world will drive down demand for oil in the coming months, according to OPEC, while the U.S. government warns that households will pay more for heat this winter.

StockNews.com

3 Oil and Gas Stocks to Watch for Gains in October

OPEC+ has announced a deep output cut from November, which should bolster prices. Moreover, analysts expect oil prices could reach the $125 mark in the near term amid supply cuts. Given this backdrop, we think investing in sound oil and gas stocks Marathon Petroleum (MPC), Valero Energy (VLO), and PBF…

Miami Herald

USAID sent firefighter equipment to Cuba after devastating oil fire. Where is it?

MIAMI — Frequently accused by Cuban government officials of supporting dissidents and plotting to overthrow the regime, the U.S. Agency for International Development recently took what seems an unprecedented step and sent personal protective equipment for firefighters to Cuba following a devastating fire at an oil storage facility in August.

The Conversation

Women-led protests in Iran gather momentum - but will they be enough to bring about change?

As protests in Iran drag on into their fourth week over the violent death in custody of Mahsa Amini, a young Kurdish woman, there are two central questions.

The Guardian - UK

Democrats issue fresh ultimatum to Saudi Arabia over oil production

Members of Congress raise prospect of one-year arms sales ban unless kingdom reverses Opec+ decision to cut output

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