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The Latest Breaking News from Oil

Oil companies amp up their greenwashing

A new report finds that Big Oil spent $750 million last year on climate-friendly marketing

Salon

Criticism intensifies after big oil admits ‘gaslighting’ public over green aims

Fury as ‘explosive’ documents reveal largest oil companies contradicted public statements and wished bedbugs upon critical activists

The Guardian - US

PTT shifts gear to the EV industry

National oil and gas conglomerate PTT Plc wants to revamp its corporate image as a key manufacturer in the growing electric vehicle (EV) industry.

Bangkok Post

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Offo eyes new diesel cap

The Oil Fuel Fund Office (Offo) is considering putting a new cap on the domestic diesel price via its subsidy scheme next week, following the recent decline of diesel reference prices in Singapore.

Bangkok Post

California governor signs sweeping climate legislation

California Gov. Gavin Newsom has signed a package of bills aimed at moving away from reliance on fossil fuel-based energy

The Independent UK

More than 50 Just Stop Oil protesters in UK sent to jail on one day

Campaigners who blockaded Warwickshire oil terminal remanded for refusing to comply with court proceedings

The Guardian - UK

Windfall profit tax on domestic crude oil cut

NEW DELHI: The government on Friday cut the windfall profit tax on locally produced crude oil in line with a fall in international rates, and reduced the levy on export of diesel and jet fuel (ATF).

The Times of India

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NASDAQ Down 150 Points; Crude Oil Rises 1%

U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping over 150 points on Friday.

Benzinga

Ukraine says hundreds of bodies found in mass burial site

Ukrainian officials said on Friday they had found hundreds of bodies, some with their hands tied behind their backs, buried in territory recaptured from Russian forces, in what President Volodymyr Zelenskiy called proof of war crimes by the invaders.

Reuters

Governments urged to act after oil giants accused of misleading public

Documents suggest Shell and BP staff privately downplayed public commitments on climate crisis

The Guardian - UK

Putin’s Taiwan support outweighs any Xi concerns about Ukraine

Even as Vladimir Putin admitted that Xi Jinping had concerns about the war in Ukraine, the Russian leader’s comments on Taiwan may ultimately matter more to his Chinese counterpart.

Tribune News Service

Data | Will Iran make a comeback as India’s major crude oil import partner?

With international crude oil prices soaring, local consumption of petroleum products back to pre-pandemic levels and the U.S. calling for sanctions against Russia, Iran may make a comeback as a major oil partner for India

The Hindu

Top Financial Media Stories Friday, September 16: Uber Internal Systems Hacked By A Teenager, Germany Takes Control of Oil Refineries Owned by Russia's Rosneft, Kanye West End Apparel Partnership with Gap And More..

New York Times

Benzinga

Scottish independence case could be 'boosted' by rising North Sea oil prices

UK Government revenues from North Sea oil and gas production in 2022 are on track to be at their highest level in over a decade, according to industry experts.

Daily Record

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The Guardian - AU

Russia-Ukraine war: senior pro-Russian officials reported killed; Ukraine says mass grave found at Izium – as it happened

Officials in Russian-occupied areas reported dead; hundreds of bodies said to have been found in retaken Ukraine city

Tribune News Service

Commentary: Punishing Russians won’t end the Ukraine war

So far, economic sanctions on Russia have done nothing to halt Vladimir Putin’s war on Ukraine. The ruble is still strong. Oil prices are high. Before Ukraine’s latest advances on the battlefield, polls showed that 75% of Russians still supported the war (in public at any rate).

The Independent UK

‘We were both trying to assert ourselves’: Jennifer Grey says she and Patrick Swayze were like ‘oil and water’

Actors co-starred in the 1987 romance film ‘Dirty Dancing’

The Guardian - UK

Germany takes subsidiary of Russian oil giant Rosneft under state control

Three refineries put into trusteeship ahead of partial European embargo on Russian oil later this year

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Asharq Al-Awsat

Oil Ticks Up, but on Track for Weekly Loss on Recession Fears

Oil prices edged higher on Friday but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and hit fuel demand. Brent crude futures were up 56 cents, or 0.6%, to $91.40 a barrel as at 0610 GMT, but were down…

The Independent UK

Germany takes control of 3 Russian-owned oil refineries

Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year

Tribune News Service

North Dakota oil output unexpectedly dips in July

North Dakota's oil production unexpectedly fell 2.5% in July due to a dearth of new wells coming online.

Chicago Sun-Times

Indiana refinery to pay $2.75 million in air pollution case

BP, the giant oil company, agreed to settle a lawsuit brought by environmental groups that accused the Whiting refinery of repeatedly violating the U.S. Clean Air Act.

France 24

EU Parliament backs resolution criticising TotalEnergies project in Uganda

The EU raises serious questions about the actions of French energy giant TotalEnergies in Uganda, with MEPs saying the group's oil pipeline project has led to evictions and arrests. Also in this edition: the United Nations publishes a report shedding light on increased human rights violations in Burkina Faso. Finally,…

StockNews.com

Buy These 3 Oil Stocks Before the Bull Market Returns

The Biden administration’s plan to refill the strategic reserve will likely prevent crude prices from plunging further. Moreover, the International Energy Agency has provided a solid demand outlook. Thus, we believe buying fundamentally sound oil stocks Valero Energy (VLO), Marathon Oil (MRO), and APA Corporation (APA) might be ideal before…

StockNews.com

3 Stocks to Buy and 1 to Avoid Amid the Energy Crisis

Europe is battling the worst energy crisis in decades, with Russia cutting off gas supplies indefinitely. Amid this, we think investors looking to invest in the energy sector should add energy stocks Valero Energy (VLO), Marathon Oil (MRO), and APA Corporation (APA) to their portfolios now, but avoid Tellurian (TELL),…

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