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The Latest Breaking News from Oil

Guyana's president says it is preparing for a possible incursion by Venezuela into disputed area

Guyana's president tells The Associated Press his country is taking every necessary step to protect itself from a potential incursion by Venezuela, which has ordered its state-owned companies to explore and exploit oil and minerals in Guyana’s vast Essequibo region that it considers its own

The Independent UK

Mariah Carey's perfect bath requires two surprisingly affordable products

Mariah Carey's perfect bath includes two product types as essentials and you can pick up some that work for you very affordably

Woman & Home

Sultan al-Jaber under fire: COP28 president accused of conflict of interest

He's claiming that his remarks were "misinterpreted". The Emirati oil executive leading the COP28 climate conference in Dubai has come out fighting after widespread criticism of his suggestion that there was "no science" indicating that a phase-out of fossil fuels was needed to contain global warming. A controversial choice as…

France 24

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Security arrangements reviewed at new airport in Vellore

Security team from Chennai airport reviews existing arrangements at Vellore airport ahead of operations. DGCA monitors security regularly. Mock drills conducted with Central forces and local police. Airport built at ₹65 crore, spread over 97 acres, with runway, taxiway, ATC, terminal building and oil depot. Widened airstrip to operate 20-seater…

The Hindu

Natasha Kravchuk fosters simple approach to recipes in new cookbook

Her new cookbook, “Natasha’s Kitchen: 100+ Easy Family-Favorite Recipes You’ll Make Again and Again,” is totally approachable, she says.

Chicago Sun-Times

3 Oil & Gas Stocks Energizing Portfolios This December

The energy market, witnessing a sturdy surge in worldwide energy demand, indicates an upward trajectory for oil prices, creating lucrative opportunities for the energy sector players. Therefore, quality oil and gas stocks Cheniere Energy Partners, L.P. (CQP), Ampol Limited (CTXAY), and Scorpio Tankers (STNG) could be solid buys, energizing the…

StockNews.com

Putin Lands In Abu Dhabi On Middle East Visit

President Vladimir Putin is in the United Arab Emirates for a rare visit outside the former Soviet Union Wednesday, as Russia seeks to reassert itself on the global stage.

International Business Times

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In this East Texas town, a 45-foot tall oil pump is a holiday symbol and connection to the past

Rudolph the Red-Nose Pumping Unit has long been a holiday tradition in Lufkin. The machinery, now used worldwide to extract oil from the ground, was invented by a local businessman.

The Texas Tribune

Colombia is the most dangerous country in the world for environmental defenders

Of the 177 environmental activists killed around the world last year, 60 were murdered in Colombia, says the advocacy group Global Witness. In most cases, no one is tried or convicted.

WEKU

Manchester United to double in value as Saudi Arabia targets buying Champions League: report

Manchester United could receive an incredible kickback if UEFA decides to sell the Champions League

FourFourTwo

Cop28’s pipe dream: inside the 8 December Guardian Weekly

Big oil meets the climate cause in Dubai. Plus: Living with less stuff

The Guardian - UK

Venezuela orders state companies to exploit oil and gas mines in Guyana territory

Order from president Nicolás Maduro comes after referendum on whether Venezuela should claim sovereignty over the region

The Guardian - AU

Maduro orders the 'immediate' exploitation of oil, gas and mines in Guyana's Essequibo

Venezuelan President Nicolás Maduro is ordering the country’s state-owned companies to “immediately” begin to explore and exploit the oil, gas and mines in Guyana’s Essequibo region, a territory larger than Greece and rich in oil and minerals that Venezuela claims as its own

The Independent UK

$New Mexico governor proposes $500M to treat fracking wastewater$

New Mexico governor proposes $500M to treat fracking wastewater

A proposal from New Mexico Gov. Michelle Lujan Grisham would underwrite development of a strategic new source of water by buying treated water that originates from oil fields as well as the state’s vast natural underground reservoirs of brine

The Independent UK

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International Business Times

Venezuela, Guyana Tensions Rise Over Disputed Oil-rich Region

Tensions rose between Venezuela and Guyana Tuesday as Caracas proposed a bill to declare a Venezuelan province in a disputed oil-rich region and ordered the state oil company to issue licenses for extracting crude there.

The Guardian - AU

Australia ends finance for fossil fuel expansion overseas – now focus turns to local subsidies

Albanese government announces at Cop28 it will phase out offshore support for coal, oil and gas within a year

The Independent UK

Illinois scraps plan for building migrant winter camp due to toxic soil risk

Gov. J.B. Pritzker’s administration has canceled plans to build a temporary winter camp for migrants in Chicago, citing the risk of contaminants at the former industrial site

The Independent UK

Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company

Security filings show the Federal Trade Commission is investigating ExxonMobil’s $60 billion deal to acquire a Texas oil company, potentially one the largest energy industry mergers in two decades

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news in one place.

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The Independent UK

US officials want ships to anchor farther from California undersea pipelines, citing 2021 oil spill

Federal investigators have concluded that a 2021 rupture of an undersea oil pipeline off the Southern California coast was likely caused by the proximity of anchored shipping vessels

Barchart

Is Brazil's Biggest Oil Stock a Value Buy Right Now?

As Brazil becomes the latest member of the OPEC+ alliance, could the country's state-run energy giant Petrobras emerge as a top oil pick for 2024?

Barchart

Crude Prices Erase Early Gains on Ramped-Up U.S. Crude Exports

January WTI crude oil (CLF24 ) on Tuesday closed down -0.72 (-0.99%), and Jan RBOB gasoline (RBF24 ) closed down -0.0239 (-1.12%). Crude oil and gasoline prices Tuesday gave up early gains and moved lower, with crude falling to a 3-week low. Ramped-up U.S. crude exports are weighing on oil...

Ballotpedia

Bankers discuss ESG financial practices at UN climate conference

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

International Business Times

Guyana Says Will Approach UN If Venezuela Moves On Disputed Region

Guyana said Tuesday it will approach the UN Security Council for help if Venezuela makes any moves on a disputed oil-rich region following a referendum Caracas says bolstered its claim to it.

Al Jazeera

Putin to visit Saudi Arabia, UAE with Israel-Hamas war on agenda

Talks expected to focus on Israel-Hamas war in Gaza and oil market cooperation, says Kremlin spokesperson.

Barchart

Crude Prices Climb After Russia Said OPEC+ Crude Cuts Can Go Further

January WTI crude oil (CLF24 ) this morning is up +0.73 (+1.00%), and Jan RBOB gasoline (RBF24 ) is up +0.0012 (+0.06%). Crude oil and gasoline prices this morning are moderately higher, with crude recovering from a 3-week low. Crude prices rebounded from early losses and moved higher after Russian...

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