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The Latest Breaking News from Oil

Controversy over Willow Project as US approves oil drilling in Alaska

The Biden administration has made tackling climate change a key plank of its platform. But a new decision from the White House has left environmental activists fuming. This week, it approved a massive oil drilling project in Alaska known as the Willow Project. We take a closer look and get…

France 24

How Motul leverages on motorsports to improve products for everyday consumers

Motul has tapped into its decades of experience to produce these new offerings: Motul Kawasaki Genuine Oil Ultimate 10W-50 and Motul Kawasaki Genuine Oil Power 10W-40, which were both launched in Indonesia’s recent WSBK round. Specially formulated for Kawasaki with ESTER base technology, KGO by Motul is claimed to be…

Motorsport

Commentary: Who profits from Southern California’s high gas bills? The problem is we don’t know

The doubling and in some cases quadrupling of Southern Californians’ natural gas bills in recent months stemmed from rapid price spikes in the so-called spot market, a real-time wholesale market for the fuel. The lack of transparency in California’s spot market for gasoline played a similarly major role in the…

Los Angeles Times

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Major oil project approval intensifies Alaska Natives' rift

The Biden administration’s approval this week of the biggest oil drilling project in Alaska in decades promises to widen a rift among Alaska Natives

The Independent UK

Navy rushes to prevent oil spill in Gulf

Authorities on Thursday were working to avert a leak from a storage vessel carrying 400,000 barrels of crude oil in the Gulf of Thailand off Chon Buri.

Bangkok Post

With Saudi deals, US, China battle for influence in Mideast

In a matter of days, Saudi Arabia carried out blockbuster agreements with the world’s two leading powers

The Independent UK

California regulators could decide oil profits penalty

California Gov. Gavin Newsom says he wants state regulators to decide whether to impose the nation's first penalty on oil companies for price gouging

The Independent UK

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Chamber says Aberdeen should become Investment Zone - and warns UK Government ‘must wake up to damage being done to oil and gas industry’

Aberdeen & Grampian Chamber of Commerce calls for action on energy security

Insider UK

Budget does little to meet UK’s net zero carbon goals, say campaigners

Chancellor silent on home insulation, oil and gas windfall tax, and onshore windfarms – but freezes fuel duty

The Guardian - UK

Climate activists must target power structures, not the public

Letters: Dr Laura Thomas-Walters, Tim Williamson and Paul Chandler respond to Jack Shenker’s article which asked if the disruptive tactics of groups such as Extinction Rebellion and Just Stop Oil are working

The Guardian - UK

Colbert on Trump rejecting ‘Meatball Ron’ nickname: ‘He draws the line at meatballs’

Late-night hosts discuss Trump blaming Mike Pence for January 6, nickname options for Ron DeSantis and Biden’s approval of the Willow oil drilling project in Alaska

The Guardian - US

US lawsuit filed to stop Willow oil drilling project in Alaska

The Alaska venture will add 239 million metric tons of carbon emissions to the atmosphere over the next 30 years.

Al Jazeera

Russia’s oil revenue drops sharply in February as sanctions bite: IEA

LONDON: Russia’s oil-export revenue fell to lowest in more than a year in February as buyers of the nation’s barrels largely complied with price caps and sanctions, according to the International Energy Agency.

The Times of India

Motormouth: Repair bill sticker shock

Q: I took my 2007 Lexus LS 460 to the dealer when the "check engine" light came on. They diagnosed it as a misfire on cylinder No. 4. After investigating, they attributed the misfire to a wire that had been chewed by a mouse. I was told a new wiring…

Tribune News Service

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Asharq Al-Awsat

Saudi Arabia Says Will Not Sell Oil to Any Country That Imposes Price Cap on Its Supply

Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that the Kingdom will not sell oil to any country that attempts to impose a price cap on its supplies, stressing that the Kingdom has embarked on expanding its capacity to 13.3 million b/d by 2027.

The Independent UK

Ramadan: Three recipes to take you from sunrise to sunset

From predawn meals for Suhoor to hearty dishes for Iftar, Anisa Karolia’s new cookbook is the perfect guide to Ramadan. Prudence Wade picks three family-friendly, fuss-free and filling recipes for the holy month

The Times of India

Debunking common hair care myths in transition season

There are many myths that are believed in the promise of healthy, lustrous hair as we move from winter to summer. Let's say you may have been informed or heard not to wash your hair every day since it could lead to breakage or that you should occasionally oil your…

Axios

Environmental groups sue Biden admin in bid to halt Willow oil project in Alaska

The coalition alleges the project will spew toxic emissions and greenhouse gas pollution, undermining Biden's climate promises.

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AAP

Funds accused of 'greenwashing' by market lobby group

The environment-focussed lobby group Market Forces has criticised five super funds for not doing enough to challenge the fossil fuel firms they invest in.

Salon

Biden slammed for oil project approval

The Willow project, as proposed by ConocoPhillips, has been dubbed a “carbon bomb” by climate advocates

The Independent UK

Lawmakers fear spill on Keystone system in southern Kansas

State lawmakers worry that southern Kansas is vulnerable to oil spills from the Keystone pipeline system because earthquakes have become more frequent there

The Independent UK

Chevron hasn't complied with new California gas pricing law

Chevron has not complied with a new California law requiring it to disclose data on pricing

StockNews.com

3 of the Most Dependable Stocks on the Planet

Fed chair Powell’s recent hawkish comments and the upbeat economic data have raised the probability of more aggressive interest rate hikes as the economy grows too quickly. Persistent rate hikes are expected to keep the stock market highly volatile in the upcoming months. Amid an uncertain macroeconomic backdrop, quality stocks…

StockNews.com

3 Energy Stocks Heating up Right Now and 1 That's Not

Regardless of the retreat in oil and gas prices from their peaks almost a year ago, resurgent global energy demand amid constrained supplies appears to be an enduring tailwind for U.S. energy producers. Hence, while it could be wise to invest in fundamentally sound energy stocks, Shell (SHEL), PBF Energy…

The Independent UK

Could scientist Claudia Sheinbaum be Mexico’s next leader?

Mexico is a year away from electing its next head of state and the potential candidate getting the most attention is an environmental scientist who could become the first female leader of Latin America’s second-largest economy

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