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The Latest Breaking News from Oil

Larry Summers Says Sense Of Saudi-Russian Collaboration 'Can't Be Happy One For Americans'

Former Treasury Secretary Lawrence H.

Benzinga

Energy crisis? It isn’t that we have too little oil and gas. It’s that we have too much

We have green, cheap alternatives ready and waiting – but first we have to commit to keeping fossil fuels in the ground, says the Green MP Caroline Lucas

The Guardian - UK

Rees-Mogg: New oil and gas licensing will boost economy and energy security

A total of 898 blocks are being made available across huge expanses of the North Sea

Insider UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Report: Independence can unleash Scotland’s renewable energy potential

A NEW report has revealed how independence could unleash Scotland’s energy potential and be the “equivalent of a new oil boom for…

The National (Scotland)

New licensing round for North Sea oil exploration will boost economy, Energy Secretary says

A NEW licensing round for oil and gas exploration will boost both the UK’s economy and energy security, Business and Energy Secretary Jacob…

The National (Scotland)

Knead for speed: Margo and Rosa Flanagan’s easy vegetarian flatbread pizza recipes

Fast to rise and even quicker to knead, flatbread dough makes homemade pizzas loaded with spring vegetables a straightforward weekend project

The Guardian - AU

Putin Helped By Saudi Arabia In His 'Despicable' Ukraine War, Says Schumer As Anti-Oil Cartel Bill Gains Bipartisan Momentum

As the ‘No Oil Producing and Exporting Cartels’ (NOPEC) bill gained momentum among both parties, Senate Majority Leader Chuck Schumer (D-NY) said in his tweet that Saudi Arabia’s actions will long be remembered by Americans.

Benzinga

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Chuck Schumer says ‘NOPEC’ bill targeting OPEC is on the table

WASHINGTON — Legislation that would allow the U.S. to sue OPEC nations is being considered as a possible response to the oil cartel’s production cut this week that benefited Russian President Vladimir Putin, said Senate Majority Leader Chuck Schumer on Thursday.

Tribune News Service

California takes leading edge on climate laws. Others could follow

California has enacted an ambitious package of legislation to aggressively combat the climate crisis — a bold move by the world’s fifth-largest economy that could inspire action in other states.

Tribune News Service

North Sea oil and gas licensing round opens with 'significant boost to UK energy security' sought

Priority clusters in Southern North Sea identified for quick delivery

Birmingham Post

Rees-Mogg: New oil and gas licensing will boost UK economy and energy security

Energy Secretary Jacob Rees-Mogg spoke as the North Sea Transition Authority began its latest round of licensing for offshore oil and gas.

The Independent UK

US Democrats rally against Saudi Arabia, UAE after oil cuts

Riyadh defends decision to curb oil output, saying move aims to stabilise the oil market, not drive up prices.

Al Jazeera

California taxpayers to get refunds starting Friday to help with rising costs of gas

The Golden State will send tax refunds to about 23 million Californians starting Friday to help them navigate the rising costs due to inflation.

Los Angeles Times

PTT venture to home in on logistics

National oil and gas conglomerate PTT Plc is diversifying into yet another non-oil business by setting up a logistics firm to provide goods transport and management services.

Bangkok Post

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Tribune News Service

Interior Department moves forward with oil and gas drill site leasing

WASHINGTON — In order to comply with a provision of the climate, tax and health care law signed in August the Interior Department announced Thursday it would move forward with onshore and offshore oil and gas lease sales on federal lands and waters.

The Independent UK

A bump and a miss: Saudi oil cut slaps down Biden's outreach

President Joe Biden is effectively acknowledging the failure of one of his biggest foreign policy gambles: a fist-bump with the de-facto leader of Saudi Arabia, the crown prince associated with human rights abuses

WEKU

Some Democrats push to punish Saudi Arabia after OPEC+ move to cut oil production

OPEC+ announced a cut of 2 million barrels a day starting next month. Some Democrats on Capitol Hill want to retaliate by cutting off military aid and reexamine ties to Saudi Arabia.

Roll Call

Interior moves forward with oil and gas drill site leasing - Roll Call

The Interior Department said it would move forward with oil and gas lease sales on federal lands and waters.

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news in one place.

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Chronicle Live

Drivers warned that petrol prices will increase again after cut in oil production

The RAC has warned that retailers are likely to pass increased costs on to drivers as the wholesale price of fuel is expected to rise

Al Jazeera

US midterm elections: Five economic issues to watch

Inflation is on the minds of American voters as they head to the polls next month to decide who will control Congress.

StockNews.com

TransGlobe Energy is Our Featured Stock of the Week

TransGlobe Energy (TGA) is in the midst of an earnings boom, yet the stock remains dirt cheap. Read on to find out why it's our featured stock of the week.

The Independent UK

EXPLAINER: How will OPEC+ cuts affect oil prices, inflation?

Oil cartel OPEC and its allies are cutting production

The Independent UK

Biden says Opec+ production cut ‘shows there are problems’ with US-Saudi relationship

The president says he and his advisers ‘haven’t made up our minds’ on pursuing ‘alternatives’ including easing sanctions on Venezuela

The Independent UK

Just Stop Oil protesters glue themselves to roads around Trafalgar Square

Specially trained police officers detached protesters from the road – they were then carried off to police vans.

The Times of India

Opec output cut: Petrol, diesel price freeze in India just gets longer

NEW DELHI: The record six-month-long freeze in petrol and diesel price revision in all likelihood will be extended after international oil prices rose on the announcement of deep production cuts by Opec+.

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