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The Latest Breaking News from Oil

India can buy as much Russian oil as it wants, outside price cap, Yellen says

The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, U.S. Treasury Secretary Janet Yellen said on Friday.

Reuters

Cop27: Biden says leaders ‘can no longer plead ignorance’ over climate crisis

US president announces plan to cut methane emissions as he urges major economies to ‘step up’ efforts to keep global heating to 1.5C

The Guardian - US

Nasdaq Surges 100 Points; Crude Oil Rises Sharply

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining 100 points on Friday.

Benzinga

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read the most diverse news in one place.

Biden tightens methane emissions rules, even as the U.S. pushes for more oil drilling

Oil and gas production is the nation's largest industrial source of methane, the main component of natural gas, and is a key target for the Biden administration as it seeks to combat climate change.

WEKU

France seeks to break Venezuela political deadlock at Paris Peace Forum

French President Emmanuel Macron has indicated he hopes the Paris Peace Forum, opening on Friday, will set the stage to relaunch the stalled dialogue between Venezuelan President Nicolas Maduro and his opponents. The South American nation remains a key OPEC oil producer as countries weather the global energy crisis.

Radio France Internationale

Methane: war and international tensions make cutting potent greenhouse gas emissions harder

US president Joe Biden has announced new oil and gas industry regulations, which his administration claims will plunge emissions of the greenhouse gas methane 87% below 2005 levels. This is part of an update to the Global Methane Pledge, a US-EU initiative announced at COP26, last year’s UN climate summit…

The Conversation

58 people charged over Just Stop Oil protests on M25, say Metropolitan Police

Over four days environmental activistsclimbed gantries above the motorway, forcing it to close in several places

Evening Standard

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Climate activists try to glue themselves to Edvard Munch’s The Scream at Oslo museum

Norwegian organisation Stopp oljeletinga - Norwegian for Stop Oil Exploration - said it was behind the stunt

Evening Standard

Murder accused ‘disposed of Albanian drug farm in oil barrel’, court told

The prosecution previously alleged Mark Brown had used the homemade incinerators to dispose of Leah Ware’s body.

The Independent UK

Grieving man will 'never forgive' M25 protesters who made him miss dad's funeral

Tony Bambury was on his way to his dad's funeral, where he and his son were due to be pallbearers but Just Stop Oil protestors locked down the M25, leading to him to miss saying a final goodbye to his dad

Daily Mirror

Walkers owner PepsiCo UK says new vehicles will cut 1,200 tonnes of greenhouse gas emissions each year

The US owned food and drinks giant said it was going to replace diesel with hydrogenated vegetable oil in its trucks

Birmingham Post

Best lip glosses for a long lasting plump pout

This 90s classic deserves in place in your makeup bag

Evening Standard

What is the fossil fuel non-proliferation treaty?

Initiative aims to stop expansion of fossil fuel exploitation, but who supports it and how would it work?

The Guardian - UK

How the energy crisis is pressuring countries at the UN climate summit – while some race to renewables, others see natural gas wealth, but it may be short-lived

Russia’s war on Ukraine has cast a shadow over this year’s United Nations climate summit in Sharm el-Sheikh, Egypt, where officials from around the world are discussing the costs of climate change and how to cut emissions that remain near record highs.

The Conversation

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Benzinga

Lordstown Motors, eBay And 2 Other Stocks Insiders Are Selling

The Nasdaq Composite jumped over 750 points on Thursday. Investors, meanwhile, focused on some notable insider trades.

The Independent UK

Just Stop Oil pauses UK highway protest that snarled traffic

British climate activists say they are suspending a days-long protest that has clogged a major highway around London

Birmingham Post

Oil 4 Wales ends free one-off oil deliveries to elderly customers after high demand

The firm exceeded its budget for the scheme with over £250,000 worth of fuel donated in the past two months

The New Daily

The Ferguson Report: Oil industry surrenders to white middle-class activism

The world's largest oil corporations have shut down due to a National Art Gallery protest described as "very, very Canberra".

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Asharq Al-Awsat

Yemen Urges Int’l Community to Classify Houthis as Terrorists after Qena Port Attack

In the wake of the Houthi drone attack on the Qena oil port in Shabwa Governorate, the Yemeni government called on the international community to classify the group as a terrorist organization. The militia claimed responsibility for the attack and threatened sea confrontations and more violent strikes. On Wednesday, the…

The Independent UK

Biden tightens methane emissions rule amid push for more oil

The Biden administration is ramping up efforts to reduce methane emissions, targeting the oil and gas industry for its role in global warming even as President Joe Biden has pressed energy producers for more oil drilling to lower prices at the gasoline pump

Tribune News Service

Commentary: The lesson of the $3,250 oil change and climate change — don’t ignore warning signs

I recently took my 11-year-old minivan in for an oil change and asked the mechanic to please turn off all the idiot lights on the dashboard because the reddish glare was becoming quite annoying. Imagine my surprise when I got a call sometime later from the same fellow with the…

Evening Standard

Just Stop Oil announces halt to M25 protests after days of traffic chaos

Just Stop Oil supporters have protested on the motorway for four consecutive days this week

Evening Standard

Watch: Sky News host begs Just Stop Oil protester ‘please stop shouting at me’ as group pauses M25 action

The heated interview came just hours before Just Stop Oil announced it would stop its campaign of disrupting M25

Asharq Al-Awsat

Oil Jumps by Over 2% as China Eases COVID Curbs

Oil prices jumped more than 2% on Friday after health authorities in China, the top global crude importer, eased some of the country's heavy COVID curbs. Brent crude futures rose $2.39, or 2.6%, to $96.06 a barrel by 0745 GMT, extending a 1.1% rise in the previous session. US West…

The Independent UK

National Highways defends M25 closures during Just Stop Oil protests

Tens of thousands of drivers suffered long delays this week as Just Stop Oil activists repeatedly carried out protests.

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