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The Latest Breaking News from Oil

California's Newsom to launch 2nd term with contrast to GOP

California Gov. Gavin Newsom plans to kick off his second term by comparing his leadership style to that of Republican governors and former President Donald Trump

The Independent UK

As speaker bid falters, mixed views of McCarthy in hometown

House Republican leader Kevin McCarthy is trying to keep his bid for speaker alive, after he failed to gain enough votes for the post over three days

The Independent UK

UK petrol and diesel retailers accused of not passing on falling oil prices to drivers

Already under scrutiny from competition watchdog, sector faces further calls to slash pump prices

The Guardian - UK

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Midland is the latest Texas city to issue a boil-water notice

Officials said the water levels at the local reservoir were too low to meet safety standards.

The Texas Tribune

Venezuela opposition appoints three exiled lawmakers to leadership

Venezuela's opposition national assembly on Thursday appointed three exiled lawmakers to direct it and create a commission to control foreign assets, including oil refiner Citgo Petroleum.

Reuters

‘Much more stable’ year for heating oil and fuel prices ahead, Co Fermanagh provider says

2022 saw significant price rises for people heating their homes and filling their cars

Belfast Live

Oil Steadies after Biggest Start of the Year Drop in Decades

Oil steadied on Thursday in volatile trade after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a US fuel pipeline providing support and economic concerns capping gains. Big declines in the previous two days were driven by worries about a…

Asharq Al-Awsat

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The Rig on Prime Video review: this fantastic concept falls short of being truly terrifying

Strange things start happening to a crew abandoned on an oil rig in the North Sea in this thriller

Evening Standard

Kellie Harrington gives update after giving CBD oil to her dogs

The Olympic gold medallist and her wife Mandy have a number of dogs and Harrington regularly shares photos of them on social media

Irish Mirror

Expert warns against bizarre skincare trend of using egg whites to remove blackheads

Investing in skincare can seem daunting so hacks and money saving tips often pop up but one expert has warned against the viral video in which a man uses egg whites to tackle blackheads

Daily Mirror

Warning to dog walkers after toxic orange oil berg appears on popular UK beach

Dog walker Ian Carmichael tweeted a picture of the bright orange object after spotting it on the beach and warned dog owners to be aware as animals are immediately attracted to them

Daily Mirror

Quick Fix: One-pot sloppy Joes make a delicious, easy-to-make-and-enjoy dinner

Sloppy Joes — ground meat in tomato sauce served over Cuban bread — have been an American favorite for over half a century. There are many claims to the origins of Sloppy Joes. One is from the H.J. Heinz Co., which, of course, made theirs with ketchup; another is a…

Tribune News Service

Afghanistan's Taliban administration in oil extraction deal with Chinese company

Afghanistan's Taliban-led administration is to sign a contract with a Chinese company to extract oil from the Amu Darya basin in the country's north, the acting mining minister said on Thursday.

Reuters

EXPLAINER: Why has Syria's economic crisis hit a new low?

Syria’s economy has hit its lowest point since its civil war started nearly 12 years ago, with spiraling inflation, a currency plunge and severe fuel shortages

The Independent UK

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The National (Scotland)

Westminster urged to halt exploration of undeveloped North Sea oil field

THE UK Government is being urged to scrap exploration of an undeveloped North Sea oil field and transition away from fossil fuels.

Insider UK

UK Government urged to reject ‘climate-wrecking’ Rosebank oil field plans

It is thought to be the biggest undeveloped oil and gas field in the North Sea, with potentially 500 million barrels

StockNews.com

3 Stocks With Strong Momentum to Buy This New Year

The stock market witnessed significant volatility due to macroeconomic headwinds last year. While the market could remain under pressure in the near term, strong momentum stocks TotalEnergies (TTE), North American Construction (NOA), and Overseas Shipholding (OSG) might be able to sustain their gains, given their solid fundamentals. Therefore, these stocks…

The Conversation

Global economy 2023: how governments could make the energy crisis worse this year

This is the second instalment in our series on where the global economy is heading in 2023, which started with this article on global inflation.

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Tribune News Service

As California pursues aggressive climate goals, what happens to its oil and gas workers?

As California transitions away from fossil fuels in the years ahead to pursue aggressive climate goals, an increasing number of oil and gas workers across the state will be forced to put their skills to use elsewhere.

Bangkok Post

Xi seeks to resolve issues with Manila 'cordially'

BEIJING: China is ready to resume oil and gas talks and manage maritime issues “cordially” with the Philippines, President Xi Jinping said on Wednesday, according to Chinese state television.

StockNews.com

4 Momentum Stocks to Get in on Right Now

While a slowdown looks inevitable, the U.S. economy might narrowly avoid a recession this year. Moreover, experts believe the stock market can recover in 2023. Therefore, investors might consider buying quality momentum stocks Schlumberger (SLB), Overseas Shipholding (OSG), Epsilon Energy (EPSN), and Adams Resources & Energy (AE) now. Keep reading….

Bangkok Post

Oil fund considering second B30bn loan

The Oil Fuel Fund Office (Offo) is considering seeking an additional 30-billion-baht loan within March to repay debts incurred by using the fund to subsidise diesel and liquefied petroleum gas (LPG) prices.

Fortune

Prepare for a 'slowcession' in 2023, says one of the first economists to predict the 2008 financial crash

The year ahead will no doubt be tough for the U.S. economy, but the chief economist at Moody’s Analytics wants us to be a little more optimistic.

Reuters

Indonesian court jails former trade official, palm oil company execs

An Indonesian court on Wednesday sentenced a former senior official at the trade ministry and three palm oil company executives to jail in a case about improper palm oil export permits, according to lawyers.

Zenger

Consuming Extra Virgin Olive Oil During Pregnancy Boosts Breast Milk Quality

Our results support that diets enriched with extra virgin olive oil could modify or increase the chemical content of breast milk.

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