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The Latest Breaking News from Oil

Tanzania approves controversial oil pipeline despite environmental concerns

Tanzania has approved the construction of a pipeline that would allow Ugandan oil to be delivered to international markets, dismissing environmental concerns about the project as “propaganda”.

Radio France Internationale

No economic 'knockout' yet from West's sanctions on Russia

One month into the invasion of Ukraine, President Joe Biden declared that sanctions against Russia had rendered the ruble almost immediately “to rubble.”

The Independent UK

Israeli-linked Oil Tanker Struck In The Persian Gulf That Was Denied By Iran

Iran rejects Jerusalem's accusation that Tehran attacked an Israeli-linked oil tanker in the Persian Gulf.

Zenger

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OR allots B31.2bn for capex this year

PTT Oil and Retail Business Plc (OR) plans to allocate capital spending worth 31.2 billion baht to fuel businesses in Thailand and overseas, with the largest portion of money going to non-oil businesses.

Bangkok Post

How Putin has shrugged off unprecedented economic sanctions over Russia's war in Ukraine – for now

The U.S. and four dozen other countries have imposed punishing sanctions on Russia in reaction to its invasion of Ukraine on Feb. 24, 2022. The sanctions were unprecedented in their scope and severity for an economy of Russia’s size.

The Conversation

US supreme court lets Arkansas law penalising Israel boycotts stand

Anti-boycott law provides model for legislation to protect oil companies, gun makers and contentious industries from protest

The Guardian - US

Both parties enable rail robber barons

The rail monopoly got a stranglehold on Congress, the executive branch and federal regulators

Salon

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Lentil soup comes to the rescue in quake-ravaged Turkey

It's a supersoup during this humanitarian crisis. Easy to make, it warms the displaced, fuels rescue crews and comforts residents traumatized by the disaster.

WEKU

Celebs including Frankie Boyle write open letter to PM demanding ban on new Rosebank oil field

Scots comic joins Aisling Bea, popstar Aurora and around 200 campaign groups to call on Rishi Sunak to ditch controversial Rosebank development in the North Sea.

Daily Record

China's top diplomat visits Moscow as Russia's war on Ukraine nears 1 year

Trade between China and Russia has increased over the past year, especially with Chinese purchases of Russian oil and gas.

WEKU

Extinction Rebellion target London Fashion Week with oil stunt and ‘die in’

The activist group were aiming to highlight Coca-Cola’s impact on the environment

Evening Standard

Biden urged not to approve oil terminals that could create ‘carbon bombs’

Report finds four new offshore depots would emit around three times what the entire US emits each year, pushing world closer to climate catastrophe

The Guardian - US

OR to invest B31.2 billion this year

Bangkok Post

Insulate Britain activist Xavier Gonzalez-Trimmer found dead

Body of missing 22-year-old campaigner who also took part in Just Stop Oil protests found in London park

The Guardian - UK

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The National (Scotland)

Frankie Boyle urges UK Government to ditch Rosebank oil field plans

COMEDIAN Frankie Boyle and climate campaigner Vanessa Nakate have urged Prime Minister Rishi Sunak to throw out plans to develop a new oil and gas…

Asharq Al-Awsat

Saudi Arabia’s GASTAT: Exports of Goods Increased by 1% in December

The General Authority for Statistics (GASTAT) has said that the value of exports of goods in Saudi Arabia during December 2022 amounted to SAR108 billion, an increase of SAR1 billion, or 1%, compared to SAR107 billion during December 2021. According to GASTAT’s publication, the value of oil exports during December…

Asharq Al-Awsat

Saudi Oil Exports Rose to 7.4 Mln Bpd in December

Decisions by OPEC+ are not politicized and are based on market fundamentals, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Monday, adding that the alliance of oil producers is sufficiently flexible to adjust policy as needed. Meanwhile, Saudi Arabia’s crude oil exports in December 2022 rose by 157,000…

Dynamite News

Telangana: Truck carrying transformer oil catches fire on Mumbai Highway; no casualties

A truck carrying transformer oil caught fire on the Mumbai Highway in Beeramguda area here on Tuesday morning, and a car parked beside it also gutted. Read further on Dynamite News:

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Dynamite News

Moody's affirms stable ratings outlook for oil firms IOCL, BPCL, and HPCL

Moody's Investors Service has kept the outlooks on the ratings for three-oil refining and marketing companies -- Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Ltd. (HPCL) -- stable. Read further on Dynamite News:

The Independent UK

Chiller thriller: Quick and affordable recipes using frozen favourites

From ice to ‘nice’, Lisa Faulkner whips up three quick-prep midweek meals, making use of some nifty freezer favourites

Newcastle Herald

'Clean' fuel claims by gas giant Santos challenged in court

The Australasian Centre for Corporate Responsibility (ACCR) has sued Santos in the Federal Court alleging the oil and gas producer engaged in misleading or deceptive conduct violating consumer law.

AAP

Woodside opponent arrested over parliament vandalism

Woodside's logo has been painted on the front entrance of the WA parliament in the latest protest against the oil and gas giant's activities.

Mic

Amazon's selling a ton of these things that make it easier to keep your house nice

These things help out with all of the daily chores around your home that feel like a hassle. Once you start using them, you’ll wonder how you ever did without.

Fortune

How the Russian economy self-immolated in the year since Putin invaded Ukraine

Russia will realize it does not need Putin, just as the world has already realized it does not need Russia.

StockNews.com

3 Energy Stocks to Buy for 2023 and Beyond

The energy sector remains buoyed on the backs of a tight supply due to geopolitical turmoil and rising demand due to China’s reopening. Therefore, investors could be wise to buy fundamentally strong energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), and Unit Corporation (UNTC) as they look well-positioned for long-term…

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