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The Latest Breaking News from Oil

Nigeria's new blue economy ministry could harness marine resources - moving the focus away from oil

Nigeria’s President Bola Ahmed Tinubu announced a new ministerial portfolio in August: Marine and Blue Economy. This was welcome news as it renewed hope for economic development outside the oil sector. We asked marine sustainability and blue economy expert Isa Olalekan Elegbede to explain how the ministry could benefit Nigeria.

The Conversation

Environmental groups sue TotalEnergies over 'devastating' East Africa oil pipeline

Four environmental groups have filed a law suit against the French group TotalEnergies and its EACOP oil project in Tanzania and Uganda. They maintain that it threatens the region's fragile ecosystem and the people who live there.

Radio France Internationale

3 Energy Stock Investments Beating Exxon Mobil (XOM)

Considering the burgeoning crude oil prices, the energy sector has considerable potential for significant expansion this year. Given this backdrop, quality energy stocks TotalEnergies SE (TTE), Marathon Petroleum Corporation (MPC), and Valero Energy Corporation (VLO), which are outpacing Exxon Mobil (XOM), could be wise portfolio additions now. Read on….

StockNews.com

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Slow route to net zero will worsen global climate crisis, IPCC chief warns

Even if the 2050 goal is still met, postponing action – as the UK has done – will cause more heat and damage

The Guardian - UK

Kay Burley labels Scotland 'a region' ... and Douglas Ross keeps quiet

DOUGLAS Ross has been criticised for remaining silent when a news presenter described Scotland as a “region” at the Conservative party…

The National (Scotland)

Autumn vegetable galette recipe by Tarunima Sinha

Adapted from the chapatti, this spiced pastry makes a savoury breakfast with a difference

The Guardian - UK

Diesel sales fall 3% in Sept., petrol up 5.4%

In Sep 2023, diesel sales in India fell 3% YoY due to receding monsoon & slowing industrial activity. Petrol sales rose 5.4% YoY, while LPG & ATF demand increased 6% & 7.5% respectively. Economic data suggests broad-based expansion & OPEC sees oil demand rising 2,20,000 bpd. Pre-COVID levels of consumption…

The Hindu

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The UAE holds an annual oil and gas conference just ahead of hosting UN COP28 climate talks in Dubai

The Emirati president-designate of the upcoming United Nations COP28 climate talks has called on oil and gas companies to be “central to the solution” to fighting climate change, even as the industry boosts its production to enjoy rising energy prices

The Independent UK

Boiling Point review: Exhilarating TV spinoff takes us back inside the turbulence of the kitchen

The series reunites a number of key creatives from the 2021 feature film ‘Boiling Point’, picking up the story in the aftermath of that calamitous evening

The Independent UK

Crude Inventories, Jobs and Other Market Moving Items to Watch This Week

We’ll see some key data releases this week as well as some potentially market-moving news. Here are 5 things to watch in the market this week.

Barchart

A 'hawkish' Reserve Bank rates decision will be bad for borrowers, good for savers

Business & investing: ANZ Bank economists expecting rate rise before year's end, but Kiwibank thinks hikes aren't necessary, writes Andrew Patterson

Newsroom.co.nz

Coconut farmers plan Raj Bhavan Chalo agitation tomorrow

Karnataka coconut farmers, supported by KRRS, plan Raj Bhavan Chalo agitation to demand MSP of ₹20,000/quintal from Centre & ₹5,000/quintal from State. Farmers allege anti-farmer import-export policy & NAFED's poor quality restrictions have caused copra price collapse. They also demand halt to edible oil & coconut product imports, procurement of…

The Hindu

Oil firms raise ATF, commercial LPG prices

State-run Oil marketing companies (OMCs) have hiked the prices of 19-kg commercial liquefied petroleum gas (LPG) cylinders by a little over ₹200 each with effect from October 1

The Hindu

How the Yom Kippur war led to a new order within Israel and beyond

Egypt and Syria’s joint attack ushered in a new dynamic around the fracture lines in the Middle East

The Guardian - UK

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Dynamite News

LPG price hike: 19-kg commercial gas cylinder price hiked by Rs 209, say sources

Oil Marketing Companies have increased the price of 19 kg commercial LPG gas cylinder by Rs 209. The new prices will come into effect from today. Read further on Dynamite News:

The Guardian - UK

TV tonight: unbearable pressure in new kitchen drama Boiling Point

Stephen Graham and Vinette Robinson star in the sequel series to the 2021 film. Plus, who is the first celebrity to leave Strictly? Here’s what to watch this evening

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 585 of the invasion

Nine injured as blaze erupts at oil pipeline in western Ukraine; drone attack in southern Russia leaves one hurt

AAP

Engineers, scientists to squeeze more out of oil, gas

A long-time engineering and construction contractor to oil and gas giants says it has a chance to play both sides of the energy and resources transition.

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Salon

Make Italian wedding soup this weekend

It's kind of a perfect meal — all in one bowl

The National (Scotland)

Hundreds gather in London to protest Rosebank oilfield approval

HUNDREDS of protesters have gathered in London to demand the UK Government rethink approval for the controversial Rosebank offshore development.

Evening Standard

Hundreds protest in central London against Rosebank oilfield approval

Some 200 climate activists gathered outside the Department for Energy Security and Net Zero’s central London offices

The Hindu

Godrej Agrovet breaks ground for integrated palm oil complex in Khammam

Telangana’s oil palm mission aims to bring 20 lakh acres under cultivation across the State.

Fortune

5 economic shocks are about to hit the U.S. all at the same time: ‘There are storm clouds out there forming that we're all seeing and watching—fearfully’

Jerome Powell was asked if he shares the Fed staff’s view that the economy is headed for a soft landing last month. “No, I would not do that,” he said.

The Independent UK

UAE's president-designate for UN COP28 offers full-throated defense of nation hosting climate talks

The Emirati president-designate for the upcoming United Nations COP28 climate conference has offered a full-throated defense of his nation hosting the talks

Barchart

Crude Settles Lower on Global Energy Demand Concerns

November WTI crude oil (CLX23 ) on Friday closed down -0.92 (-1.00%), and Nov RBOB gasoline (RBX23 ) closed down -6.67 (-2.70%). Nov WTI crude oil and gasoline prices Friday retreated, with gasoline tumbling to a 4-1/2 month low. Crude prices were under pressure after Friday’s weaker-than-expected global economic news...

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