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The Latest Breaking News from Oil

UN COP28: What to know about the climate summit in Dubai

Climate financing and reining in fossil fuels are to top the agenda of the 2023 climate change summit to be held in UAE.

Al Jazeera

Why the world's first flight powered entirely by sustainable aviation fuel is a green mirage

A Boeing 787 Dreamliner is set to take off from Heathrow on November 28 and head for JFK airport in New York, powered by so-called sustainable aviation fuel (SAF). According to its operator, Virgin Atlantic, the world’s “first 100% SAF flight” will mark “a historic moment in aviation’s roadmap to…

The Conversation

Latex-clad Olivia Colman calls out pensions funds for investing in fossil fuels in advert

About £88 billion of pension savers' money goes towards oil and gas, campaigners say

Evening Standard

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Can an oil executive broker a climate deal?

At COP28, delegates to discuss curbing emissions, adaptation, and a fund to compensate those affected by climate change. Negotiations have been fraught with disagreements, but hope is pinned on the conference to deliver relief to millions suffering from climate change. #COP28 #ClimateChange #Emissions #Adaptation #LossAndDamageFund

The Hindu

Former world leaders seek $25bn levy on oil states’ revenues to pay for climate damage

Gordon Brown leads those signing letter to Cop28 and G20 presidents calling for levy to help fill ‘loss and damage’ fund

The Guardian - UK

Crude Prices Fall as OPEC+ Members Disagree on Crude Production Quotas

January WTI crude oil (CLF24 ) on Monday closed down -0.68 (-0.90%), and Jan RBOB gasoline (RBF24 ) closed up +0.0088 (+0.41%). Crude oil and gasoline prices on Monday settled mixed. Crude prices are under pressure from a dispute among Saudi Arabia and other OPEC+ members on crude production levels....

Barchart

Revealed: Saudi Arabia’s grand plan to ‘hook’ poor countries on oil

Climate scientists say fossil fuel use needs to fall rapidly – but oil-rich kingdom is working to drive up demand

The Guardian - UK

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Countdown To COP28: Nuclear Energy, Climate Finance And Oil Take Center Stage

Memoranda of understanding have been signed, greenwashing claims have been made. Quite a bit is at stake in the coming weeks in Dubai.

International Business Times

Crude Prices Slip on a Rift Among OPEC+ Members on Crude Production

January WTI crude oil (CLF24 ) this morning is down -0.31 (-0.41%), and Jan RBOB gasoline (RBF24 ) is up -0.0120 (+0.56%). Crude oil and gasoline prices this morning are mixed. Crude prices are under pressure from a stronger dollar and a dispute among Saudi Arabia and other OPEC+ members...

Barchart

COP28: inside the United Arab Emirates, the oil giant hosting 2023 climate change summit

The United Arab Emirates (UAE), the world’s seventh largest oil producer, will host the 28th UN climate change summit (COP28) in Dubai from November 30 to December 12. Presiding over the conference will be the chief executive of the UAE state-owned oil company Adnoc, Sultan al-Jaber.

The Conversation

Italy And Saudi Arabia Discuss Expanding Cooperation In Oil, Gas and Mining

A high-level meeting between Italian and Saudi officials took place Monday ahead of this week's landmark international climate conference.

International Business Times

Cop28 host UAE planned to promote oil deals during climate talks

Leaked briefing documents for meetings with governments contained ‘asks’ from state oil firm

The Guardian - UK

UAE Sought To Use COP28 To Advance Oil Deals: Report

The United Arab Emirates planned to exploit meetings with foreign governments arranged due to its COP28 hosting role to strike fossil fuel deals, according to leaked documents obtained by the BBC. The leaked briefing notes, obtained by journalists at the Centre for Climate Reporting (CCR) working alongside the British broadcaster,…

International Business Times

3 Surging Oil & Gas Stocks to Buy Now

Rising demand and supply constraints are expected to keep oil prices high, driving the Oil & Gas industry’s growth. Given this backdrop, fundamentally strong oil & gas stocks Ultrapar Participações S.A. (UGP), Delek US Holdings (DK), and Martin Midstream Partners (MMLP), which are on the rise, could be solid buys…

StockNews.com

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The Guardian - US

US oil and gas production set to break record in 2023 despite UN climate goals

United States projected to extract 12.9m barrels of crude oil as countries at Cop28 to push for agreed fossil fuels ‘phaseout’

WEKU

FAQ: Annual climate negotiations are about to start. Do they matter?

World leaders, climate experts and oil company executives converge on Dubai later this week to talk about climate change at the United Nations COP28 meeting. Here's what you need to know.

International Business Times

COP28 Host UAE Ready For Rising Heat Risk, Says Minister

The United Arab Emirates is ready for soaring temperatures that are feared to make parts of the Gulf uninhabitable by the end of the century, the oil power's climate change minister told AFP. Long experience of the harsh desert summers has taught the country to live with temperatures that regularly…

The Guardian - UK

Chetna Makan’s cumin masala crackers recipe

Dangerously moreish, this savoury biscuit that’s as good on its own as it is with cheese

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The Independent UK

How did humans get to the brink of crashing climate? A long push for progress and energy to fuel it

Earth's climate is in trouble, and the signs could be seen around the world this summer

USA Today Sports Media Group

Aztecs Spank Bulldogs 33-18, Retake Old Oil Can To Honor Retiring Brady Hoke

Aztecs Spank Bulldogs 33-18, Retake Old Oil Can To Honor Retiring Brady Hoke The Bulldogs lose their first match against the Aztecs at Snapdragon Stadium. Is it the beginning of a new tradition? Contact/Follow @tedmcgovern & @MWCwire For one night, ...

International Business Times

In Focus This Week: OPEC+ Meeting, PCE Data, Powell Speaks, COP28 Starts

U.S. housing data, manufacturing in China and earnings of retailers and Canadian banks are also scheduled for the next few days.

The National (Scotland)

Scottish Tory MSP urged to correct 'inaccurate' claim about First Minister

A SCOTTISH Tory MSP has been urged to correct the parliamentary record after making an “inaccurate” claim about First Minister Humza Yousaf ...

The Hindu

Devotees offer ‘Panchanadhi Harathi’ at Pushpagiri of Andhra Pradesh

The sacred Pushpagiri Kshetram on the bank of the Penna River came alive with hundreds of oil wick lamps offered as ‘harathi’ by the devotees who gathered for the auspicious ‘Kartheeka Deepotsavam’ on November 26 (Sunday).

The Hindu

Pulses, oil seeds, fruit output to lag demand till at least 2030-31: report

Food deficits in India to persist/widen over next 7yrs; demand for non-cereals/high-valued commodities to exceed population growth rate. Report calls for policy attention to ensure balance between domestic production & absorption, diversification towards high-value commodities to reduce food wastage.

Motor1

This See-Through V8 Is A Perfect Demonstrator Of How An Engine Works

This demonstrator piece comes complete with engine internals, lights for spark plugs, an oil pump, a timing chain, and even real oil.

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