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The Latest Breaking News from Oil

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.

France 24

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 - UK

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’

The Guardian - AU

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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.

International Business Times

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.

Fortune

Latkes Recipe: How To Make Perfect Potato Pancakes, According To Science

From the best type of potato to the secret trick for keeping your latke batter from turning brown, here are the science-backed tricks you need to make the perfect, golden potato pancake.

Inverse

Putin’s plane escorted by four Su-35 fighter jets on rare trip out of Russia to Middle East

Increasingly isolated world leader faces arrest warrant from International Criminal Court on international soil over his war in Ukraine

The Independent UK

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Helping the Pacific financially is a great start – but Australia must act on the root cause of the climate crisis

The federal government has announced an extra A$150 million for climate finance – including $100 million for the Pacific to help protect its people, housing and infrastructure from the escalating impacts of global warming.

The Conversation

Carbon capture a 'dangerous excuse' for burning more fossil fuels

Week one of the Cop28 climate talks in Dubai heard much about the grand potential of carbon capture and storage technologies (CCS) as dozens of countries push for a broad pact to phase out fossil fuels. While top producers use carbon sequestering as an excuse to keep on burning coal,…

Radio France Internationale

A record number of fossil fuel representatives are at this year's COP28 climate talks

With a record number of oil, gas and coal representatives at this year's COP28 climate talks, climate scientists worry industry influence could water down language on fossil fuels.

WEKU

Guyana Army Helicopter Missing Near Tense Border With Venezuela

The long-running dispute over Essequibo, which comprises some two-thirds of Guyanese territory, has intensified since ExxonMobil discovered oil there in 2015.

Latin Times

US throws weight behind Guyana in territorial dispute with Venezuela

Top US diplomat Blinken reaffirms support for Guyana’s sovereignty as Venezuela threatens to annex its Essequibo region.

Al Jazeera

Just Stop Oil protests cost police nearly £20million, Met reveals

Some 657 Just Stop Oil activists have been arrested since October, the highest number ever made for mass unlawful disruption, according to the force

Evening Standard

Stock market today: Asian shares slide after retreat on Wall Street as crude oil prices skid

Shares have fallen in Asia after a retreat on Wall Street as crude oil prices slipped on expectations that supply might outpace demand

The Independent UK

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International Business Times

Asia Tracks Wall St Sell-off As US Labour Market Softens

Asian stocks sank Thursday, extending a rollercoaster week across world markets as investors jockey for position ahead of key US jobs data, while oil struggled to bounce back after hitting a five-month low.

AAP

ASX edges lower amid late energy sector resurgence

The Australian share market recovered to finish just 0.1 per cent down after whipsawing oil prices sent energy stocks on a wild rollercoaster ride.

International Business Times UK

London Climate Protests: 630 Arrests Made by Police in a Month

The intensification of the London climate protests underscores the urgency many feel regarding environmental issues like the Just Stop Oil movement.

France 24

UN slams COP28 'posturing' as negotiators spar over ending fossil fuels

Countries at the COP28 climate talks need to stop posturing, aim high and agree on a way to end the "fossil fuel era as we know it", UN climate chief Simon Stiell said on Wednesday, as tension over the future of coal, oil and gas came to the fore.

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Kiplinger

Stock Market Today: Stocks Swing Lower as Oil Prices Retreat

A bad-news-is-good-news jobs report sent the main indexes higher at the open, but they didn't stay there for long.

Barchart

Crude Prices Sink on Global Oversupply Worries

January WTI crude oil (CLF24 ) on Wednesday closed down -2.94 (-4.07%), and Jan RBOB gasoline (RBF24 ) closed down -0.0801 (-3.80%). Crude oil and gasoline prices on Wednesday sold off sharply, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...

The Texas Tribune

Judge overrules Texas, strikes down air pollution permit for Gulf Coast oil terminal

A judge reversed a 2022 decision by the Texas Commission on Environmental Quality that involved its controversial “one-mile rule” to deny hearing requests.

International Business Times

Venezuela, Guyana Open 'Communication Channels' As Border Tension Mounts

Guyana and Venezuela agreed Wednesday to "keep the communication channels open" in a fast-worsening feud over a disputed, oil-rich region as Brazil reinforced troops on its northern border with the neighbors.

Texas Observer

Texas Court Strikes Down Air Pollution Permit for Gulf Coast Oil Terminal

A judge reversed a 2022 decision by the Texas Commission on Environmental Quality (TCEQ) which involved its controversial “one-mile rule."

Barchart

Crude Prices Plunge on Concern About Excess Global Oil Supplies

January WTI crude oil (CLF24 ) this morning is down -2.79 (-3.86%), and Jan RBOB gasoline (RBF24 ) is down -0.0780 (-3.70%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...

International Business Times

Fossil Fuels On The Table At COP28 As OPEC Slashes Production, US Crude Output Breaks Records

COP28 may become the first-ever international climate summit to commit to eventually phasing out oil and gas.

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