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The Latest Breaking News from Oil

Adobe, Costco And 2 Other Stocks Insiders Are Selling

US crude oil futures traded lower this morning on Thursday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Celebrity surgeon recalls Mali kidnap drama

Celebrity surgeon Nopparat Rattanawaraha on Thursday described drinking oily pond water to survive during three weeks of captivity at the hands of gun-toting kidnappers in Mali.

Bangkok Post

Why are energy companies’ profits doubling in a cost of living crisis?

Shell’s takings hit £8.2bn in third quarter as domestic bills soar

The Independent UK

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Ashley Graham raves about this £42 body oil that she swears by for her supermodel routine

Some customers have even noticed results to their skin in as little as three days

Daily Mirror

Watch: Just Stop Oil blockade roads around Mansion House Tube station during rush hour

Just Stop Oil has blockaded the area around Mansion House tube station during rush hour in its latest protest action. The eco group said 31 of its activists began blocking Cannon St, Queen Victoria St and Garlick Hill from 9am. It said some have glued themselves onto the tarmac and…

Evening Standard

What is hashish oil and how did it land Brittney Griner in a Russian jail?

Griner pleaded guilty to drug charges on 7 July

The Independent UK

The Standard View: The case for a windfall tax extension grows stronger

Despite the cost-of-living crisis, Just Stop Oil protests and an eerily warm autumn, this is a propitious time to be an oil and gas giant. Shell has announced that its adjusted earnings have more than doubled to £8.3 billion in the three months to the end of September, compared with…

Evening Standard

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Calls for 'meaningful' windfall tax as energy giant's profits soar

THE Scottish Greens have called for a more “meaningful” windfall tax as Shell reported its second highest quarterly profit on record.

The National (Scotland)

NGOs launch legal battle against French bank BNP over fossil fuel investment

BNP Paribas has been urged to cease its support for the expansion of fossil fuels by three NGOs who are threatening the banking giant with unprecedented legal action. The move came on the eve of the annual Climate Finance Day, hosted in Paris.

Radio France Internationale

£8bn Shell profits fuel new windfall tax call

Pressure on PM to act after £1,000-a-second profits as families face up to winter crisis

Evening Standard

Ayrshire Roads Alliance boost environment - by using vegetable oil to fuel vehicles

The Ayrshire Roads Alliance (ARA) has announced that almost all of its fleet of vehicles will now be running on hydro treated vegetable oil (HVO) - instead of diesel.

Daily Record

Shell reports more than double profits as shareholders get huge payout

The oil giant previously promised that 2022 would be its most profitable year ever

Manchester Evening News

Editorial: Biden’s economic record an albatross for Democrats

As the November election looms, Democrats are in desperation mode, particularly as inflation and high gasoline prices dog voters as they cast their ballots. The president’s response has been to deny reality.

Tribune News Service

Just Stop Oil blockade roads around Mansion House Tube station during rush hour

Protesters with eco group blockade traffic on Cannon Street near Mansion House Tube

Evening Standard

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The Independent UK

Shell 3Q earnings double, stir debate on energy profit tax

Shell’s earnings have more than doubled in the third quarter

WEKU

Whether gas prices are up or down, don't blame or thank the president

Prices at the pump are falling, which is welcome news for Democrats this election season. But politicians have very limited control over energy costs.

Evening Standard

Raging over spilt milk: behind the scenes of Animal Rebellion

Whether it’s activists gluing themselves to roads or upending supermarket dairy products, radical climate protests are everywhere. Tom Ellen talks to the campaigners — and police — to find out what goes into these acts… and how much it’s all likely to achieve

Al Jazeera

Ukraine war to speed shift to green energy, IEA says

Energy crisis is leading to policy changes and more investment in green energy amid sanctions on Russia’s supplies.

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Reuters

Russia's Sechin says Taiwan will return to China 'on schedule'

Igor Sechin, chief executive of Russian oil giant Rosneft and one of Vladimir Putin's closest allies, on Thursday heaped praise on China's leaders and said Taiwan would return to its "native harbour" on time.

Wales Online

Shell boasts profits of £8.2bn in three months as energy crisis continues

The oil and gas company made huge profits through its gas business, which offset the fall in oil prices

The National (Scotland)

Shell more than doubles third-quarter profit as energy bills soar

OIL giant Shell added almost $10 billion in extra profit as gas prices remained high.

Evening Standard

Rishi Sunak and Jeremy Hunt will examine extending windfall tax, says Cabinet minister Nadhim Zahawi

It comes after Shell announced it had added $10 billion in extra profit to its balance sheet

The Guardian - UK

Shell paid zero windfall tax in UK despite record global profits

Labour calls for ‘proper windfall tax’ on oil and gas while TUC describes profits as ‘obscene’

The Independent UK

Three Halloween recipes for grownups

These spooky serves are perfect for a civilised Halloween bash

The Guardian - UK

Shell says it has not paid any windfall tax; European Central Bank hikes rates by 75 basis points – as it happened

Oil giant expects not to pay levy in 2022 because of North Sea investment relief; ECB doubles key interest rate to highest level in over a decade

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