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The Latest Breaking News from Oil

Saudi Arabia has the most profitable company in the history of the world, and $3.2 trillion to invest by 2030. Who will say no to that tidal wave of cash?

With its vast supply of oil money, the kingdom's flashy play for golf dominance is just the tip of the iceberg.

Fortune

Oil giant BP handing more cash to investors after £2bn profits announcement

OIL giant BP has been accused of “climate-wrecking profiteering” after revealing gains of £2 billion over the latest quarter.

The National (Scotland)

Leak reveals ‘touchy’ issues for UAE’s presidency of UN climate summit

Exclusive: Long list of ‘sensitive’ topics for petrostate include oil and gas production, emissions and Yemen war crimes

The Guardian - UK

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

Sunak’s failing windfall tax enabling oil giants to avoid paying billions, say Labour and Lib Dems – as it happened

Ed Miliband attacks ‘gaping loopholes’ in oil and gas windfall tax after BP posts £2bn in profits in three months

The Guardian - UK

BP’s £2bn profits cause anger amid climate crisis

Oil and gas company to return another $1.5bn to investors through a share buyback

The Guardian - UK

Analysis: Buildup of American forces in Persian Gulf a new signal of worsening US-Iran conflict

Thousands of Marines backed by advanced U.S. fighter jets and warships are slowly building up a presence in the Persian Gulf

The Independent UK

Pipeline operators to pay $12.5M after crude oil spills in Montana, North Dakota

Two pipeline operators have agreed to pay a $12.5 million civil penalty related to crude oil spills in 2015 in Montana and in 2016 in North Dakota

The Independent UK

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Dismay as Rishi Sunak vows to ‘max out’ UK fossil fuel reserves

Prime minister unveils plan to authorise more than 100 new North Sea licences on visit to Scotland

The Guardian - UK

Sunak: UK should ‘max out’ developments in North Sea oil and gas

The Prime Minister said the move was best for energy security, the UK economy and the environment.

The Independent UK

Crude Prices Rally on Tight Supplies and Global Economic Strength

September WTI crude oil (CLU23 ) on Monday closed up +1.22 (+1.51%), and Sep RBOB gasoline (RBU23 ) closed up +0.79 (+0.27%). Crude oil and gasoline prices Monday settled moderately higher, with crude posting a 3-1/2 month high. Recent supply cuts from OPEC+ and Russia are underpinning crude oil prices....

Barchart

Industry ETFs: Winners And Losers Of July

July's Winners and Losers: Top-performing industry ETFs outshine broader market, while some sectors struggle.

Zenger

Sugar Prices Follow Crude Oil Higher

Oct NY world sugar #11 (SBV23 ) on Monday closed +0.19 (+0.79%), and Oct London white sugar #5 (SWV23 ) closed +4.80 (+0.71%). Sugar prices Monday posted moderate gains. Strength in crude oil (CLU23) supported sugar prices after WTI crude on Monday rallied more than +1% to a 3-1/2 month...

Barchart

Why do I cook like a Sicilian?

Some of these tendencies I can explain — including my love of oily fish, simple pasta and bright flavors

Salon

The Guardian view on new North Sea drilling: misreading the mood

Editorial: Rishi Sunak’s decision to mothball his green commitments risks doing no good to anyone, including the Tory party

The Guardian - UK

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The Guardian - UK

Supermarket plastic bag charge has led to 98% drop in use in England, data shows

Ministers urged to learn from success of single-use bag fee, amid criticism that other measures have been delayed

The Guardian - UK

Rish! gaslights the UK with North Sea plan while the world burns

Prime minister travels to Scotland to conduct a five-minute interview on his intention to drill, baby, drill

The National (Scotland)

'We're furious': Scotland's young climate activists react to North Sea licence round

YOUTH climate campaigners have told how they are “disappointed” and “furious” at the UK Government’s announcement that it intends to grant…

The National (Scotland)

FACT CHECK: Claim that more North Sea oil will 'drive down energy prices'

Claim: “Putin has weaponised energy supplies, causing household bills to soar… I’m taking action to drive down energy prices” – PM Rishi…

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news in one place.

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The National (Scotland)

Four times we were told Scotland's oil was running out

AS the Prime Minister announced hopes to dole out hundreds of new oil and gas exploration licences today, many found themselves asking: “Wasn’t…

Barchart

Crude Prices Underpinned by Tight Supplies and Global Economic Strength

September WTI crude oil (CLU23 ) this morning is up +1.01 (+1.25%), and Sep RBOB gasoline (RBU23 ) is down -0.93 (-0.42%). Crude oil and gasoline prices this morning are mixed, with crude climbing to a 3-1/2 month high. Crude prices are underpinned by recent supply cuts from OPEC+ and...

Chicago Sun-Times

How to make grilled steak and green bean salad

Steak salads make for a fresh and substantial bowl that you can call a meal.

The Conversation

The oil industry has succumbed to a dangerous new climate denialism

If we have not been warned of the dangers of climate change this summer, we never will be. Extreme heat, forest fires and floods have been all over news reports. Yet the oil and gas industry remains largely in denial.

Evening Standard

OPINION - New UK oil & gas ‘will take decades’: Tech and Science Daily podcast

Prime Minister Rishi Sunak has announced hundreds of new licences to drill for oil and gas will be granted across the UK, despite the continued warnings about global warming.

The Guardian - UK

Just Stop Oil protesters have appeals blocked over Dartford crossing sentences

Lawyers for Morgan Trowland and Marcus Decker had tried to challenge ‘extraordinary length’ of sentences

Evening Standard

Just Stop Oil protesters lose appeals against jail terms for scaling bridge

Morgan Trowland, 40, and Marcus Decker, 34, were jailed after using ropes and other climbing equipment to scale the Queen Elizabeth II Bridge.

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