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The Latest Breaking News from Oil

France is Europe’s biggest supporter of ‘carbon bomb’ projects, data shows

French banks have financed $154bn to firms running biggest fossil fuel projects since 2015 climate pact

The Guardian - UK

‘Pauline Boty: British Pop Art’s Sole Sister’ chronicles the artist’s life

Marc Kristal’s new biography of artist Pauline Boty brings an era to life in its celebration of her tragically short but highly influential career

Wallpaper

Oil and gas companies spill millions of gallons of wastewater in Texas

An exclusive Inside Climate News analysis found that companies have spilled nearly 150 million gallons of toxic, highly saline wastewater in Texas over the last decade.

The Texas Tribune

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BP shares take a hit on profit miss even after fresh $1.5 billion payday for investors

The UK's fourth most valuable company makes the biggest fall on the FTSE 100

Evening Standard

Banks pumped more than $150bn in to companies running ‘carbon bomb’ projects in 2022

Projects that risk 1.5C heating target operated by companies receiving financing from European, Chinese and US banks

The Guardian - UK

Drivers in Argentina wait in long lines to fill up the tanks as presidential election looms

Long lines have formed at gas stations throughout Argentina as surging demand outstrips supply, becoming a campaign issue just weeks ahead of the second round of the country’s presidential race

The Independent UK

Crude Oil Prices End Sharply Lower as Middle East Conflict Remains Limited So Far

December WTI crude oil (CLZ23 ) on Monday closed down -3.23 (-3.78%), and Dec RBOB gasoline (RBZ23 ) closed down -7.84 (-3.42%). Crude oil prices on Monday sold off sharply, with crude posting a 4-week nearest-futures low as Israel's ground incursion into Gaza has so far been less extensive than...

Barchart

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Just Stop Oil activists spared jail after M25 protest

A High Court judge found they caused ‘massive disruption’ when they demonstrated on the motorway in breach of an injunction.

The Independent UK

'Climate wreckers' given green light by big super funds

Some of Australia's most well-known super funds have been accused of faking it on supposed "climate action" against the expansion of oil and gas.

AAP

Niger delta is rich in resources, but environmental destruction is pushing people into poverty

Nigeria’s Niger Delta region is rich in natural resources. Its vast oil and gas deposits are the mainstay of the country’s economy.

The Conversation

Crude Oil Prices Tumble as Middle East Conflict Remains Limited

December WTI crude oil (CLZ23 ) this morning is down -2.91 (-3.40%), and Dec RBOB gasoline (RBZ23 ) is down -7.06 (-3.08%). Crude oil prices this morning are sharply lower Friday as Israel's ground incursion into Gaza has so far been less extensive than expected, easing concerns that the Israeli-Hamas...

Barchart

Met uses new anti-protest powers to arrest climate protesters for first time

Force makes first use of section 7 of Public Order Act to curtail slow march protest outside parliament

The Guardian - UK

A ferry that ran aground repeatedly off the Swedish coast is leaking oil and is extensively damaged

The Swedish Coast Guard says a ferry boat that ran aground twice off the southeastern coast of Sweden is leaking oil and has suffered “extensive damage.”

The Independent UK

Just Stop Oil protesters arrested at Westminster demonstration

More than 60 people were arrested after members of the activist group laid down and sat on the floor of Parliament Square.

The Independent UK

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The Independent UK

Announcement of 27 new oil and gas licences is ‘wrong move’ – Yousaf

The chief executive of Offshore Energies UK had described the allocation of the new licences as ‘a great boost for UK energy security’.

The National (Scotland)

Rishi Sunak accused of ‘climate crime' over new oil and gas licences

Climate activists have accused Rishi Sunak of “pandering” to corporate interests after the announcement of 27 new North Sea

StockNews.com

3 Promising Energy Investments - Buy Today

The energy sector’s outlook looks robust, as surging global demand for oil and natural gas and tight supplies would fuel high energy prices this year and beyond. Given the industry’s bright growth prospects, quality energy stocks Eni (E), Sasol (SSL), and Transportadora (TGS) could be ideal investments now. Keep reading….

The Independent UK

Oil prices could reach 'uncharted waters' if the Israel-Hamas war escalates, the World Bank says

The World Bank says oil prices could be pushed into “uncharted waters” if the violence between Israel and Hamas intensifies

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The Guardian - UK

World Bank warns oil price could soar to record $150 a barrel

Escalation of Israel-Hamas war into Middle East-wide conflict would disrupt oil supplies and stoke food prices, says Bank

Evening Standard

Police arrest 62 protesters at Just Stop Oil demonstration in Parliament Square

Police swoop as activists block road outside Houses of Parliament in protest on Monday morning

The National (Scotland)

First round of new North Sea oil and gas licences announced by UK Government

THE UK Government has announced 27 new licence offers for oil and gas exploration in the North Sea.

The Independent UK

Takeaways from the AP's investigation into aging oil ships

An explosion aboard the Trinity Spirit off the coast of Nigeria last year that killed five workers and left two others unaccounted for stands among the deadliest tragedies on an oil ship or platform in recent years

The Independent UK

Deadly explosion off Nigeria points to threat posed by aging oil ships around the world

The Independent UK

Just Stop Oil activists to hear judge’s ruling on M25 protests

One activist accused of breaching a court order as a result of climbing on to an M25 gantry is 76-year-old grandmother Gaie Delap, from Bristol.

AAP

Aust shares wobble as investors fear wider Mideast war

The local share market has closed 0.8 per cent lower amid fears the conflict in the oil-rich Middle East could spread to neighbouring countries.

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