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The Latest Breaking News from Oil

Illinois scraps plan for building migrant winter camp due to toxic soil risk

Gov. J.B. Pritzker’s administration has canceled plans to build a temporary winter camp for migrants in Chicago, citing the risk of contaminants at the former industrial site

The Independent UK

Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company

Security filings show the Federal Trade Commission is investigating ExxonMobil’s $60 billion deal to acquire a Texas oil company, potentially one the largest energy industry mergers in two decades

The Independent UK

US officials want ships to anchor farther from California undersea pipelines, citing 2021 oil spill

Federal investigators have concluded that a 2021 rupture of an undersea oil pipeline off the Southern California coast was likely caused by the proximity of anchored shipping vessels

The Independent UK

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Is Brazil's Biggest Oil Stock a Value Buy Right Now?

As Brazil becomes the latest member of the OPEC+ alliance, could the country's state-run energy giant Petrobras emerge as a top oil pick for 2024?

Barchart

Crude Prices Erase Early Gains on Ramped-Up U.S. Crude Exports

January WTI crude oil (CLF24 ) on Tuesday closed down -0.72 (-0.99%), and Jan RBOB gasoline (RBF24 ) closed down -0.0239 (-1.12%). Crude oil and gasoline prices Tuesday gave up early gains and moved lower, with crude falling to a 3-week low. Ramped-up U.S. crude exports are weighing on oil...

Barchart

Bankers discuss ESG financial practices at UN climate conference

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Guyana Says Will Approach UN If Venezuela Moves On Disputed Region

Guyana said Tuesday it will approach the UN Security Council for help if Venezuela makes any moves on a disputed oil-rich region following a referendum Caracas says bolstered its claim to it.

International Business Times

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Putin to visit Saudi Arabia, UAE with Israel-Hamas war on agenda

Talks expected to focus on Israel-Hamas war in Gaza and oil market cooperation, says Kremlin spokesperson.

Al Jazeera

Crude Prices Climb After Russia Said OPEC+ Crude Cuts Can Go Further

January WTI crude oil (CLF24 ) this morning is up +0.73 (+1.00%), and Jan RBOB gasoline (RBF24 ) is up +0.0012 (+0.06%). Crude oil and gasoline prices this morning are moderately higher, with crude recovering from a 3-week low. Crude prices rebounded from early losses and moved higher after Russian...

Barchart

Many areas in north Chennai inundated, residents lament lack of aid

North Chennai inundated due to intense downpours; Perambur Barracks Rd, A.P. Rd, Choolai High Rd, Pulianthope, Demellows Rd, Sydenhams Rd, Boja Raja Nagar, Pencil Factory, Korukkupet, Periamet, Basin Bridge, North Wall Rd, Padavattamman Koil St, Moolakothalam, Cochrane Basin Rd, Sathyamurthy Nagar, Harinarayanapuram, Kannagi Nagar, Karumari Amman Nagar, Ezhil Nagar, M.G.R.…

The Hindu

Warfare ruins the environment – and not just on the front lines

On the morning of December 6 1917, a French cargo ship called SS Mont-Blanc collided with a Norwegian vessel in the harbour of Halifax in Nova Scotia, Canada. The SS Mont-Blanc, which was laden with 3,000 tons of high explosives destined for the battlefields of the first world war, caught…

The Conversation

New Mexico Governor Kickstarts Effort to Overhaul Oil and Gas Regulation

The 1935 Oil and Gas Act outlines oversight of fossil fuel production in the state. It hasn't been updated in decades.

Capital & Main

6 signs you have winter skin – and the best way to tackle each one

Noticing the signs of winter skin? Colder weather can wreak havoc, so we've got the solutions

Woman & Home

Global warming threshold of 1.5°C will be broken within 7 years, research shows

Scientists warn the world may cross the crucial 1.5° Celsius global warming threshold in seven years as fossil fuel CO² emissions continue to rise, urging countries at the Cop28 talks to "act now" on coal, oil and gas pollution.

Radio France Internationale

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The Hindu

Connections under the Pradhan Mantri Ujjwala Yojana on the rise due to migrant labourers

Oil cos in Chennai release 1.24L cooking gas connections under PMUY; target of 1.6L set. Migrant labourers incl. in approved list; get free gas stove, regulator, tube. 37.04L beneficiaries enrolled in State since 2016; 10.35cr throughout country. Eligible women from 10 categories incl. SC, ST, MBC, AAY, SECC, PMAY. Union…

The Guardian - UK

First Thing: Israel urged by UN and US officials to avoid repeat of northern Gaza devastation

Head of UN agency said Israel is ‘repeating horrors from past weeks’. Plus, Volodymyr Zelenskiy will address US senators

Radio France Internationale

No agreement in sight as Cop28 teams wrangle over phasing out fossil fuels

The debate over the future of fossil fuels, the biggest cause of global warming, is the key battle at the Cop28 climate summit hosted by the oil-rich United Arab Emirates. As neighbouring Saudi Arabia – the world's biggest oil exporter – ruled out phasing down oil, gas and coal, and…

Tom’s Hardware

Intel calls AMD's chips 'Snake Oil' for putting antiquated Zen 2 architecture in modern Ryzen 7000 mobile CPUs, but Intel also uses similar marketing tactics

Intel released a new playbook dubbed "Core Truths" that attacks AMD's latest Ryzen 7000 mobile product stack for having some products that sport AMD's older Zen 2 CPU architecture.

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WEKU

Oil firms are out in force at the climate talks. Here's how to decode their language

The oil industry has a huge voice in this year's climate talks. But what are oil companies actually saying? And why does it matter? We break down their pledges and statements into plain English.

Pedestrian.tv

COP28’s Oil Exec President Backtracks Saying There’s ‘No Science’ To Phasing-Out Fossil Fuels

The president of this year’s United Nations Conference Of The Parties on Climate Change (COP28), Sultan Ahmed Al-Jaber has claimed that there is “no science” to prove that using less fossil fuels will help battle climate change. Sounds like someone’s been doing their own research. Hundreds of world politicians have…

Livingetc

Can You Use Olive Oil to Winterize Outdoor Furniture? Experts Offer a Unanimous Verdict on This Viral Hack

Using olive oil to winterize your outdoor furniture might sound like a cheap and easy solution, but experts aren't convinced

International Business Times

Record More Than 2,000 Fossil Fuel Lobbyists At COP28 Talks: NGOs

A record almost 2,500 fossil fuel lobbyists have been accredited for UN climate talks in Dubai, as negotiators wrestle with calls to end all new oil, gas and coal projects to curb global warming, campaign groups said Tuesday.

The Independent UK

Feel-good recipes that only take 15 minutes

Spending 15 minutes a day cooking a quick, healthy meal, moving your body or getting to sleep earlier can change your life, says Joe Wicks

Pedestrian.tv

25 Christmas Gift Ideas For Foodies As Good As Their Cooking Skills

You gift, they cook, everybody wins!

The Independent UK

Activists at COP28 summit ramp up pressure on cutting fossil fuels as talks turn to clean energy

Activists had a series of events and actions lined up Tuesday at the United Nations climate summit seeking to amp up pressure on conference participants to agree to phase out coal, oil and gas, responsible for most of the world’s emissions, and move to clean energy in a fair way

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