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The Latest Breaking News from Oil

From the Paris agreement to COP28, how oil and gas giants try to influence the global climate agenda

There is “no science” behind demands to phase out fossil fuels, according to the current COP president. This level of cynicism at the top of the annual climate summit makes it less surprising that the conference has also been used as an oil trading venue.

The Conversation

Solar And Wind Power Are Finally Killing Coal In Top Emitting Countries

Thanks to boosted investment in renewables, coal has proven a far easier energy source to quit than oil and gas -- with a few exceptions -- in major economies.

International Business Times

Why Venezuela is threatening to annex Guyana's oil-rich province of Essequibo

The US air force has taken the unusual step of holding joint drills with Guyana as the United Nations scheduled an emergency meeting of the security council to discuss Venezuela’s threat to annex more than two-thirds of the oil-rich South American country.

The Conversation

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EU agrees deal to cut emissions from homes and buildings

New buildings must be zero-emission and have solar panels by 2030, and fossil fuel boilers to be banned by 2040

The Guardian - UK

Vigilance Awareness Week observed in Kadakola

The Indian Oil Corporation Limited (IOCL) LPG bottling plant in association with The Hindu observed Vigilance Awareness Week-2023 at Government Primary School in Kadakola, on Friday.

The Hindu

Analyzing 3 Energy Stocks: Buy, Hold, or Sell in December?

Growing demand for oil and natural gas and constrained supplies could push oil prices higher, boosting the energy industry’s outlook. Amid this backdrop, let’s determine the buy, hold, and sell potential of energy stocks Schlumberger (SLB), Halliburton (HAL), and Antero Resources (AR) this month. Read more….

StockNews.com

Plan your menu, delegate to guests and make these gluten-free crispbreads: how to host Christmas with two weeks to go

In the second part of her calm Christmas countdown series, ‘recovering’ caterer Elizabeth Quinn helps plan a budget and ability-based menu – and introduces the concept of a ‘pre-sup’ agreement with guests

The Guardian - AU

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At least 475 carbon-capture lobbyists attending Cop28

Exclusive: Figures reveal growing push by fossil fuel sector for technologies that scientists say will not stop global heating

The Guardian - UK

COP28: will there be an agreement to phase out fossil fuels?

It’s the issue at the core of COP28: will this year’s U.N. climate talks, held in major oil producer the United Arab Emirates, produce the first global agreement to phase out fossil fuel use?

The Hindu

Calls Mount For Calm As Guyana-Venezuela Border Tensions Soar

The United States, through National Security Council spokesman John Kirby, urged the sides to find a diplomatic solution to the territorial dispute, saying "we don't want to see this come to blows."

Latin Times

International factors driving petrol price pain

Higher international fuel prices driven by oil production cuts and strong demand, combined with a lower US dollar exchange rate, are pushing up petrol prices.

AAP

All The Adventure Bikes We're Expecting In 2024: The Under 700cc Edition

Adventure bike fans are spoiled for choice in 2024, with a wide range of offerings at all price and displacement points. Here are the under-700cc options.

RideApart

Weakness in Crude Oil Persists on Oversupply Concerns

January WTI crude oil (CLF24 ) on Thursday closed down -0.04 (-0.06%), and Jan RBOB gasoline (RBF24 ) closed down -0.0190 (-1.43%). Crude oil and gasoline prices on Thursday extended Wednesday's sharp losses, with crude oil falling to a 5-1/4 month low and gasoline falling to a 1-year low. Concern...

Barchart

Canada’s fossil fuel firms will need to cut emissions by at least 35% by 2030

Justin Trudeau’s government plans to limit emissions through a national cap-and-trade system, a policy first proposed in 2021

The Guardian - US

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Barchart

Company Insiders Are Loading Up on This Energy Stock Under $20

Oil futures have cratered below $70 per barrel this week - so what's driving company insiders to load up on this low-priced energy stock?

International Business Times

Chevron, Exxon Responses Diverge Amid Venezuela-Guyana Border Buildup

ExxonMobil and Chevron are both waiting to see what happens next for Guyana, as a dizzying set of competing incentives come into play.

Barchart

Dollar Weakness Sparks Mild Short-Covering in Crude Oil

January WTI crude oil (CLF24 ) this morning is up +0.05 (+0.07%), and Jan RBOB gasoline (RBF24 ) is down -0.0193 (-0.95%). Crude oil and gasoline prices this morning are mixed, with gasoline falling to a 1-year low. A weaker dollar today has sparked some mild short-covering in crude oil....

StockNews.com

3 Energy Stocks Targeting Major Gains in December

As the oil industry faces a pivotal shift with OPEC+ production cuts, Wall Street forecasters are expressing bullish sentiments due to a critical undersupply. To capitalize on this, it seems wise to add BP p.l.c. (BP), Delek US Holdings (DK) and Global Partners (GLP) to your portfolio for potential significant…

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International Business Times

Venezuela-Guyana Tensions Soar, US Mounts Military Exercises

The United States announced joint military flight drills in Guyana on Thursday as soaring tensions over a contested oil-rich region with neighbor Venezuela prompted the UN Security Council to call an urgent meeting.

The Conversation

The Peasants: this oil-painted film of Władysław Reymont's novel is a visual masterpiece

The Peasants tells the story of a beautiful young Polish girl, Jagna (Kamila Urzędowska), who was sold into a marriage to the richest man in the village – an older widower named Boryna (Mirosław Baka). The price is high – six acres of Boryna’s best land – but then, as…

France 24

US to hold military exercises with Guyana amid border tensions with Venezuela

The United States announced joint military flight drills in Guyana on Thursday as soaring tensions over a contested oil-rich region with neighbour Venezuela prompted the UN Security Council to call an urgent meeting.

The Guardian - UK

Cop28: highlights and lowlights so far

An update on the first half of the UN climate conference in Dubai, including shock over the host president’s comments

The Guardian - AU

Mining billionaire Andrew Forrest in scathing attack on oil and gas industry

Australian magnate-turned-green-evangelist says companies that don’t stop burning fossil fuels will have ‘blood on their hands’

International Business Times

Putin, Saudi Leader Urge Oil Cooperation As Prices Flag

The leaders of Saudi Arabia and Russia used a rare face-to-face meeting to urge oil producers to stick to pledged supply cuts, a joint statement said Thursday.

Fortune

Competition cop Lina Khan’s antitrust overreach is hurting U.S. competitiveness–and destroying billions of dollars in value

Antitrust overreach is hurting America's global competitiveness, with the FTC calculating industry concentration on a purely domestic basis.

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