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The Latest Breaking News from Oil

Year of war in Ukraine left developing nations picking up pieces

Some of the harshest economic effects of the war are being felt much farther afield than Russia’s theatre of battle.

Al Jazeera

Motorex USA Inc. Has Acquired Spectro Performance Oils

Spectro Performance Oil was bought by Motorex USA which includes the business’ national and international business, blending, and storage operations.

RideApart

How will Raisi’s Beijing visit affect Iran-China ties?

Tehran wants to expand ties with its ‘strategic’ partner, but it faces serious hurdles.

Al Jazeera

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BP CEO Bernard Looney pushes beyond recent headlines to detail the company’s upcoming plans

The three main energy issues BP is trying to solve, Looney says, are lower carbon emissions, affordability, and security.

Fortune

Emmerdale viewers spot major Vinny blunder as he turns to crime amid cost of living woes

Emmerdale's Dingle family were seen wrapped up at the start of the episode as they could not afford to turn the heating on amid money woes

Daily Mirror

On Ukraine's frontlines, Australian volunteers are risking their lives to help the most vulnerable

In north-east Ukraine, a small truck emblazoned with a jumping kangaroo delivers moments of hope to the most vulnerable. Behind the wheel is an Australian oil rigger.

ABC News

Judge praises Just Stop Oil activists as ‘good people with admirable aims’ as he convicts them

‘You are intelligent and articulate, and you have been a pleasure throughout to deal with,’ defendants told

The Independent UK

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Electricity supplier EDF loses €18 billion, worst result in company's history

The national electricity generator EDF has reported one of the worst years in French corporate history, losing €18 billion and seeing debt rise to an unprecedented €65 billion in 2022. The impact of the Ukraine war and idling nuclear reactors spelt financial disaster for the state-controlled entity.

Radio France Internationale

The war in Ukraine hasn't left Europe freezing in the dark, but it has caused energy crises in unexpected places

Through a year of war in Ukraine, the U.S. and most European nations have worked to help counter Russia, in supporting Ukraine both with armaments and in world energy markets. Russia was Europe’s main energy supplier when it invaded Ukraine, and President Vladimir Putin threatened to leave Europeans to freeze…

The Conversation

Big Oil backs out of climate promises

"If we see value, we’ll do it. If we don’t, we won’t."

Salon

Rosemary oil is TikTok’s latest beauty obsession – can it really boost your hair growth?

Could TikTok’s highly touted rosemary oil be the secret to luscious, healthy locks? Imy Brighty-Potts asks an expert.

The Independent UK

Tyneside offshore firm TechnipFMC wins deals worth more than $150m

The Walker oil and gas business, which has global bases, has won the contracts with Equinor for work on the Norwegian Continental Shelf.

Birmingham Post

Can ASEAN Benefit From the EU’s Green Agriculture Push?

The EU wants to champion “green agriculture” in Southeast Asia. But limited trade relations, regulatory nightmares, and distrust could stymie it.

The News Lens

Security drives U.S., Saudi efforts to overcome tensions

The United States and Saudi Arabia are trying to move beyond a public spat last year that saw strategic ties hit a nadir, as Western and Gulf security concerns align over the threat from Iranian drones, diplomats and regional experts say.

Reuters

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Asharq Al-Awsat

Saudi Energy Minister Says OPEC+ Deal Will Continue Until End of Year

Saudi Energy Minister Prince Abdulaziz bin Salman said the current OPEC+ deal on oil output would be locked in until the end of the year. In an interview published by Energy Aspects, the minister said the oil group can't increase output based solely on initial signals. OPEC+ agreed in October…

France 24

Ukraine war exposes splits between Global North and South

Over the past year, most Global South countries adopted a position of studied neutrality on the war in Ukraine. Their self-interest over the principles of international law and stability ended up serving Russian interests and regional tyrants, but not their citizens, who comprise most of the world’s population.

The Independent UK

Abu Dhabi state gas company to sell 4% of shares in IPO

The Abu Dhabi National Oil Company’s gas processing firm plans to sell 4% of its shares to local investors in the latest initial public offering to be made by a state-run energy company in the Middle East

The Conversation

For developing world to quit coal, rich countries must eliminate oil and gas faster – new study

Limiting how much coal countries can burn is considered an urgent priority for restraining global heating. After all, coal is the most carbon-rich of all fossil fuels and its combustion has contributed the most to planetary warming. For the first time in international talks, negotiators agreed to “phase down” coal…

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Tribune News Service

Feds using 'enhanced surveillance' to see what's behind the natural gas spike in California

The head of the Federal Energy Regulatory Commission that oversees the interstate transmission of natural gas, electricity and oil on Thursday would not say whether it will launch a formal investigation into soaring natural gas prices in California but did say the agency has assigned staff to examine whether any…

ABC News

Russia eyes Bakhmut's capture by April as NATO ramps up military equipment for Ukraine

Russia rains missiles across Ukraine, striking its largest oil refinery, Kyiv says, while the head of the Wagner mercenary group predicts the long-besieged city of Bakhmut would fall by April.

Reuters

Alberta offers to work with Canadian govt on carbon capture incentives

Canada's Alberta province on Thursday offered to collaborate with the federal government to incentivize carbon capture utilization and storage (CCUS) investments, as long as Ottawa refrains from introducing climate policies that impact the oil and gas sector without Alberta's consent.

Daily Mirror

'Greedy oil giants pocket benefits of Ukraine invasion while British families freeze'

'While Centrica made £100 a second, British Gas hired debt collectors who force-fitted pre-payment meters - it's clear we need a windfall tax to put people before greed'

Bangkok Post

PTTEP, Malaysian partners establish JV

PTT Exploration and Production Plc (PTTEP) continues to increase its oil and gas production through the exploration of a new source of petroleum in Malaysia in cooperation with two Malaysian firms.

Los Angeles Times

Toxic oil destroyed LA couple’s embryos, lawsuit claims

LOS ANGELES — A Los Angeles couple filed a lawsuit Thursday against a maker of a crucial oil used by fertility clinics, saying it was toxic and destroyed their embryos.

StockNews.com

3 Energy Stocks to Energize Your Portfolio

Resurgent global energy demand amid constrained supplies has created tailwinds for U.S. energy producers. Hence, it could be wise to invest in fundamentally strong energy stocks, Valero Energy (VLO), Marathon Petroleum (MPC), and Unit Corporation (UNTC), to make hay while the sun shines. Read on….

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