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The Latest Breaking News from Oil

Norway is portrayed as both hero and villain in Europe’s energy crisis

Many countries are counting on Norwegian fuel to get them through the winter months, writes Emily Rauhala. But critics call the energy income obscene

The Independent UK

Gloom oozes from energy forecasts that show oil demand dropping, heating bills rising

The weakening economy around the world will drive down demand for oil in the coming months, according to OPEC, while the U.S. government warns that households will pay more for heat this winter.

WEKU

3 Oil and Gas Stocks to Watch for Gains in October

OPEC+ has announced a deep output cut from November, which should bolster prices. Moreover, analysts expect oil prices could reach the $125 mark in the near term amid supply cuts. Given this backdrop, we think investing in sound oil and gas stocks Marathon Petroleum (MPC), Valero Energy (VLO), and PBF…

StockNews.com

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USAID sent firefighter equipment to Cuba after devastating oil fire. Where is it?

MIAMI — Frequently accused by Cuban government officials of supporting dissidents and plotting to overthrow the regime, the U.S. Agency for International Development recently took what seems an unprecedented step and sent personal protective equipment for firefighters to Cuba following a devastating fire at an oil storage facility in August.

Miami Herald

Women-led protests in Iran gather momentum - but will they be enough to bring about change?

As protests in Iran drag on into their fourth week over the violent death in custody of Mahsa Amini, a young Kurdish woman, there are two central questions.

The Conversation

Democrats issue fresh ultimatum to Saudi Arabia over oil production

Members of Congress raise prospect of one-year arms sales ban unless kingdom reverses Opec+ decision to cut output

The Guardian - UK

Saudi Arabia is choosing friends on its own terms and Biden is not one of them

Reactions in Washington to slashing oil supply have not concerned Mohammed bin Salman; nor have the optics of indirectly boosting Putin’s war

The Guardian - UK

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Flex your mussels: how to cook Australia’s most underrated seafood

Mussels have historically been a hard sell in Australia. But with major supermarkets stocking the pot-ready shellfish at great prices, the molluscs could be having their moment

The Guardian - AU

France orders striking oil workers back-to-work as fuel shortages grow

Union threatens legal challenge after state steps in to end fuel shortages

The Independent UK

Weston-super-Mare’s See Monster: the good and the bad of pop-up attractions

This autumn, visitors to Weston-super-Mare on the west coast of England will be confronted by the strangest of sights, a repurposed oil rig and temporary art installation and high-rise garden dubbed the “See Monster”.

The Conversation

Nearly eight months into Ukraine war, EU still biggest buyer of Russian crude

NEW DELHI: It's been nearly 8 months since Russia invaded Ukraine, leading to the largest military conflict in Europe since World War II.

The Times of India

Nasdaq Edges Lower; Crude Oil Down 2%

U.S. stocks traded mixed midway through trading, with the Dow Jones gaining more than 100 points on Wednesday.

Benzinga

Oil Falls as Strong Dollar and Recession Fears Weigh

Oil futures fell on Wednesday as a gloomy economic outlook and a strong dollar outweighed supply concerns stemming from last week's OPEC+ cut to its production target. Brent crude futures were down $1.42, or 1.5 %, at $92.87 a barrel by 1315 GMT. US West Texas Intermediate crude was down…

Asharq Al-Awsat

2500 litres of suspected adulterated cooking oil seized

KARIMNAGAR

The Hindu

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The Hindu

Gemini Edibles to set up Rs.400 cr oil refinery in TS, employ 1,000 people

State government to extend all possible cooperation to firm: Minister KTR

Salon

MBS accused of "election interference"

Saudi Arabia is slashing oil production before midterms in what some are calling a "hostile act" against Democrats

The National (Scotland)

Scottish activists glue themselves outside Downing Street in climate protest

SCOTTISH protesters have glued themselves to the tarmac outside Downing Street to demonstrate against a Tory government “choosing profit over…

The Independent UK

Joe Biden warns of ‘consequences’ for Opec as it sides with Russia even as Saudi Arabia attempts de-escalation

Saudi foreign minister says move was ‘purely economic’

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Daily Mirror

Just Stop Oil block fire engine as man rushing child to hospital begs to be let through

Frustrated motorists confronted the Just Stop Oil campaigners in Knightsbridge, London, as the Met Police confirmed 28 more arrests were made, bringing the total to more than 300 in 11 days

Dynamite News

Cabinet Okays Rs22k-cr One-Time Grant To 3 State-Run Oil Marketing Firms For Losses In LPG

The Cabinet on Wednesday approved the proposal of the ministry of petroleum and natural gas to give one-time grant of Rs22,000 crore to three state-run oil marketing companies (OMCs) for the losses incurred in domestic LPG business. Read further on Dynamite News:

The Guardian - UK

UK fracking and oil drilling good for environment, claims climate minister

Graham Stuart tells MPs that awarding more than 100 licences for North Sea drilling is a green policy

Evening Standard

Just Stop Oil protesters not stopped because they aren’t causing ‘serious disruption’, claims Met chief

Police are unable to clear London roads blocked by Just Stop Oil campaigners because the protests are not passing the legal test of causing “serious disruption”, the Met Commissioner admitted on Wednesday.

The Guardian - UK

Vladimir Putin blames the west for energy market disruptions

Russian president claims Europeans are stocking up on firewood as leak found in oil pipeline in Poland

Businessweek

Land Is Power, and the Osage Nation Is Buying Theirs Back

Over a century, theft, murder, and business dealings stripped the Osages of oil and land wealth. They’re clawing it back, tract by tract.

The Independent UK

Labour plans would cause blackouts and poverty, says climate minister

Graham Stuart said the UK would still be burning oil and gas in 2050 and domestic production was the greenest way to do this.

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