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The Latest Breaking News from Oil

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’

The Guardian - UK

Moderate Dems back GOP anti-climate bill

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

Salon

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

Daily Mirror

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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.

WEKU

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...

Barchart

Judge orders US to resume oil, gas leasing in North Dakota

A judge has ordered the U.S. government to resume oil and gas lease sales on federal lands in North Dakota

The Independent UK

Russia's Rosneft files suit against Reuters over BP article

Russian oil giant Rosneft has filed a suit against Reuters in a Moscow court, alleging parts of a Reuters article about BP's decision to exit its stake in Rosneft were defamatory.

Reuters

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Crude Oil Erases Early Gains on Signs of a Slowing U.S. Economy

May WTI crude oil (CLK23 ) this morning is down -0.11 (-0.15%), and May RBOB gasoline (RBJ23 ) is down -4.034 (-1.50%). April Nymex natural gas (NGJ23 ) is down -0.020 (-0.99%). Crude oil and gasoline prices this morning fell back from 2-week highs and turned lower on concerns of...

Barchart

Motormouth: Check engine light on for years

Q: I never thought I’d be writing you with an issue – but here I go. I own a 2011 Suburban. The check engine light has been on for more than 3 years. The issue (code) identifies it as an “oil pressure sensor” fault. I can clear the code, turning…

Tribune News Service

New oil and gas not consistent with 1.5C

New oil and gas fields are not consistent with 1.5C of warming but the Government has just approved one and opened up applications for more.

Newsroom.co.nz

New Mexico Legislature Fails IPCC Test

Record-shattering budget from oil and gas fuels a spending spree on everything except regulating oil and gas.

Capital & Main

Two Texas Democrats will vote for GOP bill to reverse their own party’s signature climate improvement initiatives

Gonzalez and Cuellar both represent oil and gas workers in South Texas and expressed misgivings about the Inflation Reduction Act, their party’s climate package last year.

The Texas Tribune

The UK’s ‘green day’ has turned into a fossil fuel bonanza – dirty money powers the Sunak government

In prioritising oil and gas over renewables, ministers are doing the bidding of the polluters, says Guardian columnist George Monbiot

The Guardian - UK

Oil refinery unites with training provider to deliver highly skilled apprenticeships in specialist area

Non-destructive testing takes in radiography and ultrasonics to examine and analyse critical industrial infrastructure

Birmingham Post

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The Independent UK

US to auction Gulf of Mexico oil under climate compromise

The Biden administration is auctioning oil and gas leases across more than 114,000 square miles in the Gulf of Mexico in a sale mandated by last year's climate bill

The Conversation

Poole oil spill expert Q&A: why is there an oil field in Dorset anyway?

A major incident has been declared after a leaky pipeline caused 200 barrels of oil “reservoir fluid” to spill into Poole Harbour in Dorset, south-west England. The oil was being transported from nearby Wytch Farm, which hosts western Europe’s largest onshore oil field.

The Independent UK

Easy eats: 3 simple street food recipes perfect for pairing with cocktails

Enjoy easy entertaining with simple, tasty street eats that work wonderfully with cocktails

The Independent UK

King Charles shown wearing bracelet from indigenous Amazon leader in new portrait

Artist Alastair Barford said he wanted to capture Charles’s warmth and sensitivity in the oil painting

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The Independent UK

Cambridge museum should give looted painting to Jewish owner’s family – panel

The Spoliation Advisory Panel found the oil landscape by French realist Gustave Courbet was seized from Robert Bing in occupied Paris in 1941.

The Independent UK

Group: Oil tanker tied to US-traded firm receiving Iran oil

An advocacy group alleges that an oil tanker owned by a major U.S.-traded transportation company appears to be taking on Iranian crude oil in a key Asian maritime strait in violation of American sanctions

Asharq Al-Awsat

Aramco JV HAPCO Breaks Ground on New Refinery and Petrochemical Complex

A ground-breaking ceremony took place on Wednesday for a major integrated refinery and petrochemical complex being developed by Huajin Aramco Petrochemical Company (HAPCO). The joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%) is developing the complex in the city of Panjin, in China’s Liaoning…

The Independent UK

King shown wearing bracelet from indigenous Amazon leader in new portrait

Artist Alastair Barford said he wanted to capture Charles’s warmth and sensitivity in the oil painting.

The Guardian - UK

First Thing: Guardian owner apologises for founders’ transatlantic slavery links

Scott Trust to invest in decade-long programme of restorative justice after academic research into newspaper’s origins. Plus, why the Gwyneth Paltrow ski trial farce is so unmissable

Asharq Al-Awsat

Syria’s President Appoints New Oil Minister in Reshuffle

Syrian President Bashar al-Assad has appointed a new oil minister and changed four other ministers in a cabinet reshuffle, state media said on Wednesday. Hassan Kaddour, who was the general director of the Syrian Petroleum Company for the last two years, replaces Bassam Touma as oil minister, the report said.…

Daily Mirror

'I tried Elemis' game-changing Pro-Collagen skincare range and there's somewhere you can get it cheaper'

Beloved by celebrities including Molly Mae and Victoria Beckham, premium skincare brand Elemis has been massively reduced for Amazon's Spring Sale - but the best deal of all is from somewhere surprising

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