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The Latest Breaking News from Oil

Why Bitcoin Mining Is Terrible For The Environment

Bitcoin mining is more damaging than beef production and almost as environmentally unsustainable as crude oil, according to new research. The digital currency is causing more damage to the climate over time, scientists at the University of New Mexico warn.

Zenger

Yemeni Source Refutes Houthi Claims about Truce

A Yemeni government source refuted the claims made by the Iran-backed Houthi militias about the nationwide truce that expired on Sunday without another extension. It stressed that the government, since the moment the truce was declared in April, sought to deal positively with all international efforts and initiatives to end…

Asharq Al-Awsat

The magnificent Lake Eyre Basin is threatened by 831 oil and gas wells – and more are planned. Is that what Australians really want?

The heart-shaped Lake Eyre Basin covers about one-sixth of Australia. It contains one of the few remaining pristine river systems in the world.

The Conversation

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Cars among main causes of oil in oceans

Cars and highways are among the top contributors to ocean oil pollution, study finds

Salon

Rob Beckett ends up ‘accidentally leading’ Just Stop Oil protest in hilarious TikTok video

‘I got to the front and then they started filming me and it looked like I was leading the march,’ comedian said

The Independent UK

ASX surges in best session in two years after RBA rate rise, Wall Street and oil prices rally

Australian shares mark their biggest intraday jump in two years, tracking a strong performance on Wall Street.

ABC News

Future gas exploration in Lake Eyre could upset the 'greatest desert river system in the world' forever

The gas industry has been mining Australia's Lake Eyre Basin for decades, but possible future extraction techniques like fracking could devastate its fragile ecosystem.

ABC News

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Russian court will hear Brittney Griner’s appeal on Oct. 25

Griner, an eight-time all-star center with the WNBA’s Phoenix Mercury and a two-time Olympic gold medalist, was convicted Aug. 4 after police said they found vape canisters containing cannabis oil in her luggage at Moscow’s Sheremetyevo Airport.

Chicago Sun-Times

Fossil fuels in schools: industry faces pushback in fight for hearts and minds of next generation

Business efforts to get pro-fossil fuel material into classrooms experience opposition due to role in climate change

The Guardian - AU

Olympian among Extinction Rebellion activists who deny tampering with oil tanker

The alleged incident took place on April 16 this year.

The Independent UK

S&P 500 Surges 2%; Crude Oil Rises Sharply

U.S. stocks extended gains midway through trading, with the Dow Jones gaining more than 600 points on Monday.

Benzinga

‘Significant risk’ of winter gas shortages in Great Britain, warns Ofgem

Electricity-producing firms ask regulator to change rules that could penalise them if gas supplies run out

The Guardian - UK

Ghana’s petroleum sector management is a mess: what’s gone wrong?

After three decades of prospecting Ghana discovered commercially viable quantities of petroleum in 2007. Within 3.5 years, it exported its first barrels of crude oil. The progression from discovery to extraction and export was twice as rapid as the global average of six to seven years.

The Conversation

Gas keeps costing more. Would an emergency oil supply help cut prices?

WASHINGTON — California gasoline prices are soaring again — up more than a dollar over the last month — and the latest big congressional idea for relief involves creating an emergency oil supply that Washington would tap when prices soar.

McClatchy Washington Bureau

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Daily Mirror

Are wood-burning stoves legal in the UK? Gas boiler alternatives as energy prices soar

From solar-powered electric heating to infrared heating panels, many Ecodesign alternatives exist to help you comply with the government’s ban on certain wood-burning and multifuel stoves

Asharq Al-Awsat

Oil Jumps More Than $3 as OPEC+ Weighs Output Cut

Oil prices jumped by more than $3 on Monday as OPEC+ considers reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the COVID-19 pandemic. Brent crude futures rebounded $3.37, or 4%, to $88.51 a…

Wales Online

I went from earning £10,000 a month to losing everything

At one point Welshman Andrew says he owned five houses

The Independent UK

A week’s worth of autumnal dinner recipes

It’s time for cold weather eating, and this week that means apples and butternut squash in everything from pastas to traybakes, says Emily Weinstein

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Tribune News Service

Gretchen's table: Vermont apple cider doughnuts

My granddaughter, Greta, and I have a lot in common: We're both always moving, easy to smile (if occasionally cranky) and love to be outdoors in the sunshine.

Daily Mirror

Quality Street fans confused as wrappers change after 86 years - but new look is 'dull'

There's nothing more quintessentially Christmassy than seeing the shiny foil wrapping of Quality Street sweets gazing at you in the tin - but we're waving bye-bye to the iconic packaging

Reuters

Norway posts soldiers at oil, gas plants after Nord Stream leaks

Norway's military said on Monday it had posted soldiers to help guard major onshore oil and gas processing plants, part of a wider effort to boost security amid suspicion that sabotage caused leaks in the Nord Stream gas pipelines last week.

Reuters

Seventh day of strikes disrupts French refineries

Strikes are disrupting TotalEnergies' oil products refining and delivery for a seventh day at four sites throughout France, a CGT trade union representative told Reuters on Monday.

The Times of India

Govt cuts windfall taxes on diesel, aviation fuel and local oil

NEW DELHI: India slashed windfall taxes on locally produced crude oil, and for exported diesel and aviation turbine fuel, in line with the decline in international prices.

Tribune News Service

OPEC+ to consider output cut of more than 1 million barrels

The OPEC+ group of oil producers will consider cutting output by more than 1 million barrels a day, according to delegates, when it meets in person on Wednesday for the first time in more than two years.

Salon

Offshore wind best deal for taxpayers

A new report finds per-acre revenue from offshore wind blows oil and gas out of the water

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