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The Latest Breaking News from Oil

The Guardian view on Rishi Sunak’s energy plan: playing with fire

Editorial: The government has chosen oil and gas over renewables, increasing the climate threat

The Guardian - UK

AOC: GOP bill may be written by Big Oil

The sweeping bill amounts to a "trickle down fantasy" to hand profits to fossil fuel companies, she said

Salon

Ecuador lawmaker says there is 'compelling' graft evidence against President Lasso

Ecuador's opposition has compelling evidence to present against President Guillermo Lasso at his impeachment hearing, a lawmaker said on Thursday, including irregularities in a crude oil shipping contract, accusations Lasso vehemently denied in a televised message.

Reuters

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Gateshead oil rig worker jailed for trying to have online sex chats with children

Alex Elder, of Gateshead, thought he was talking to two girls aged 13 and 14 but in fact they were decoy profiles set up by paedophile hunters

Chronicle Live

Crude Climbs on Dollar Weakness and Economic Optimism

May WTI crude oil (CLK23 ) this morning is up +1.22 (+1.67%), and May RBOB gasoline (RBJ23 ) is up +0.50 (+0.19%). May Nymex natural gas (NGK23 ) is down -0.070 (-3.21%). Crude oil and gasoline prices this morning are moderately higher. Dollar weakness today is pushing energy prices higher....

Barchart

UK Government refuses to commit to blocking Rosebank oil and gas field near Shetland

It is the largest such field in the North Sea area, capable of producing 69,000 barrels of oil and 44 million cubic feet of gas per day

The National (Scotland)

Why a serious climate strategy is almost impossible in the UK's current political system

The UK government reportedly chose Aberdeen, its carbonisation capital, as the original location to relaunch its de-carbonisation strategy. The strategy, now published, has been strongly criticised by environmentalists. Part of the plan to transition the country away from oil and gas is to allow highly subsidised, mostly foreign-owned companies to…

The Conversation

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'Lessons must be learned' from coal during oil and gas transition

CIPD policy adviser and SSE HR director discuss how best to manage the move to renewable energy

Insider UK

2 Oil Stocks Gassing up to Push Farther Ahead

Although fears of an economic downturn have considerably heightened, constrained oil supply and increased demand for oil and gas could create a sustained tailwind for the energy sector. Given this backdrop, the strong fundamentals of Cheniere Energy Partners (CQP) and CrossAmerica Partners (CAPL) might make them ideal buys now. Read…

StockNews.com

£3.5m of Tory donations linked to pollution and climate denial, says report

Millions given to party and MPs last year came from entities linked to fossil fuels, high-polluting industries and climate denial

The Guardian - UK

UK Government must shelve ‘ill thought out’ nuclear plans, warn Scottish Greens

The Scottish Greens have called for Downing Street to shelve plans for new oil and gas exploration and nuclear power...

The National (Scotland)

House passes GOP energy bill - Roll Call

The House on Thursday passed energy, permitting and infrastructure legislation that Republicans have described as a top priority.

Roll Call

How could the UK’s net zero plan involve new oil and gas? It’s mind-bogglingly stupid

The Conservatives are cynically using carbon capture and storage as a get-out-of-jail card, says Bill McGuire, professor emeritus of geophysical and climate hazards at UCL

The Guardian - UK

China Chalks Up Fresh Win for Yuan Internationalization With LNG Trade

State-owned China National Offshore Oil completes purchase of more than 60,000 tons of liquefied natural gas from French giant TotalEnergies

Caixin Global

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The Guardian - US

Progressives decry Biden’s pivot to center in run-up to 2024: ‘Feet to the fire’

From oil to immigration, the president’s reversal from his 2020 campaign pledges might turn away more voters than it attracts

Tribune News Service

Quick Fix: Welcome spring with Sheet-Pan Sesame Salmon

Here’s an easy dinner to welcome spring. Wild salmon season is starting now. For this easy dinner, I added fresh asparagus and new potatoes to complete the meal.

The Independent UK

Penalties for homeowners sticking with gas is no ‘rip out your boiler’ plan, insists minister

‘We’re not forcing anyone to remove gas boiler’, says energy secretary Grant Shapps

The Independent UK

Modern Korean recipes to feed the soul

Su Scott’s new book ‘Rice Table’ is a love letter to her daughter, spanning identity, immigration and how we build a story of our heritage through food. But mainly, says Prudence Wade, it’s delicious. Here’s three recipes

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ABC News

Japan's Inpex says Australia risks unintended consequences as it 'quietly quits' LNG

The head of Japan's biggest oil and gas producer has warned that Australia risks undermining global security through a decision to "quietly quit" the international gas trade.

The Guardian - AU

A climate policy that actually cuts emissions? It’s the reality that fossil fuel bosses and News Corp commentators can’t see

Changes to the safeguard mechanism take us a step closer to net zero by 2050 – the goal consecutive governments have signed up to

The Guardian - UK

UK government gambles on carbon capture and storage tech despite scientists’ doubts

Controversial technology is at centre of ‘powering up Britain’ strategy, but critics argue it has ‘little merit’ and ‘delays real cuts in emissions’

Salon

Moderate Dems back GOP anti-climate bill

Both Texas Democratic lawmakers backing bill represent oil and gas workers in South Texas

Daily Mirror

Keir Starmer vows to FREEZE council tax bills - days before Brits hit with massive hike

As households face a big hike in bills on Saturday, Labour leader Keir Starmer will say he would use a windfall tax on oil and gas giants to stop them rising this year if he was in power

WEKU

The Biden administration sells oil and gas leases in the Gulf of Mexico

Energy companies secured access to 1.6 million acres of waters offered at auction. It's the second time this month that the administration has opened federal territory for new fossil fuel drilling.

Barchart

Economic Concerns Weigh on Crude Prices

May WTI crude oil (CLK23 ) on Wednesday closed down -0.23 (-0.31%), and May RBOB gasoline (RBJ23 ) closed down -4.32 (-1.61%). Crude oil and gasoline prices Wednesday fell back from 2-week highs and posted moderate losses on concern about a slowing economy. Weekly EIA distillate stockpiles unexpectedly declined, which...

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