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The Latest Breaking News from Oil

Beauty road test: do Australian makeup brands wear better in challenging climates?

From primer to SPF to cleansers, local brands claim to work well in harsh sun and humidity. We put nine products to the test

The Guardian - AU

Sensex rebounds 377 points, Nifty closes above 17,850 as RBI slows down rate hike

MUMBAI: Benchmark sensex rebounded 377 points while Nifty closed above the 17,850 level on buying in IT, financial and oil stocks after the RBI slowed down the pace of interest rate hikes on Wednesday.

The Times of India

Martin Lewis shares new energy payment update for households due £200 and £400 heating bill help

One-off payments are being made to people off-grid using oil or LPG and those living in park homes.

Daily Record

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France's TotalEnergies announces record profits of €18bn, higher payout for shareholders

The French fossil fuel exploitation multinational, TotalEnergies, said on Wednesday that high oil and gas prices had bolstered its net profit to a record 18 billion euros in 2022. The company has announced higher dividend payments for shareholders.

Radio France Internationale

Britain’s biggest gas supplier accused of ‘profiteering’ from energy crisis

Climate campaigners hit out at Norwegian state-owned Equinor’s record £62bn profits as household bills rise

The Guardian - UK

Adani Wilmar Q3 net profit rises 15% to Rs 246.11 crore

NEW DELHI: Edible oil major Adani Wilmar Ltd on Wednesday reported a 15 per cent increase in its consolidated profit to Rs 246.11 crore for the third quarter ended December 2022, on higher revenue.

The Times of India

Confident Biden highlights strength of US economy in State of the Union speech

In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes…

France 24

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Editorial: Oil companies spent millions to keep drilling in neighborhoods. California shouldn’t let them

The oil industry spent $20 million on a misleading campaign to overturn a new California law that bans new drilling within 3,200 feet of homes and schools — and it’s paying off.

Los Angeles Times

Motormouth: Why is car using so much oil?

Q: I have a 2015 Audi Q5. The oil light goes on indicating it needs a quart of oil. We add the quart, but after approximately 800-1,000 miles, it calls for more oil. This continues and we have had two mechanics and the dealer look at the car, and no…

Tribune News Service

Mali Says No Need to Justify Russia as Partner as Lavrov Visits

Mali's foreign minister said on Tuesday it had no need to justify working with Russia on strengthening its military capabilities and importing oil and wheat, despite Western concerns. Abdoulaye Diop was speaking as Russian Foreign Minister Sergei Lavrov made his first visit to the West African nation, where militants linked…

Asharq Al-Awsat

Ukraine ‘can count on France to win this war’, Macron tells Zelensky in Paris

President Emmanuel Macron said France would stand firmly by Ukraine in its war against Russia as he stood alongside Ukrainian President Volodomyr Zelensky and German Chancellor Olaf Scholz at the Élysée presidential palace in Paris. The Ukrainian leader’s visit comes hours after he addressed a joint session of the British…

France 24

Shell’s Grand Plan to Fight Climate Change (and Continue to Cause It)

The company is investing billions of dollars in zero- and low-carbon energy solutions, but selling oil and gas at record profits is a hard habit to break.

Businessweek

Oil giant BP pocketing £23 billion in profits is disgusting

Record View says BP's figures are disgusting as Scots struggle with their energy bills.

Daily Record

Texas’ teacher pension fund divested from investment firms accused of “boycotting” oil and gas industry

The Teacher Retirement System of Texas was following a new state law targeting investment firms that seek to invest in companies that don’t worsen climate change.

The Texas Tribune

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inkl

Should travellers get an air fryer

If you are a digital nomad who is spending more than a month in one place or you are discovering our beautiful world with an RV, it is definitely a good idea to get an air fryer

Fortune

Why the global climate activism community feels betrayed by BP

The first big oil company to 'walk the walk' on carbon emissions reduction is rolling back its goals, and green activists feel betrayed.

Bangkok Post

PTTEP sees 2023 sales at new high

PTT Exploration and Production Plc (PTTEP) expects its sales of oil and gas this year to reach a new high of 470 kilo barrels of oil equivalent per day (KBOED), driven by gas supply from the Erawan field in the Gulf of Thailand.

The Guardian - UK

If BP’s change of heart isn’t a U-turn, it’s certainly a major detour

Bernard Looney is ‘leaning in’ to his earlier pledge to cut hydrocarbons, but where will it end?

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Evening Standard

Just Stop Oil activists glued themselves to frame of £3.6m Last Supper painting, court hears

Five Just Stop Oil protestors charged with causing criminal damage at the Royal Academy of Arts are on trial at City of London Magistrates’ Court

Fortune

Biden's going after the billionaires in his State of the Union speech tonight, and he's not thrilled with oil companies either

Biden is preparing another proposal to tax billionaires and corporations to a divided Congress.

Zenger

A Winter Dilemma: Does Your Car Really Need To Be Warmed Up Before Use?

Neighborhoods around the United States have been overrun with residents walking outdoors in the morning to warm their automobiles

The Independent UK

Activists glued themselves to frame of £3.6m Last Supper painting, court hears

Five Just Stop Oil protestors charged with causing criminal damage at the Royal Academy of Arts are on trial at City of London Magistrates’ Court.

Capital & Main

Toxic Water Project Sparks Controversy With Navajo Neighbors

Missed cues grow Native distrust around a New Mexico research project on oil well wastewater.

Daily Mirror

'Rishi Sunak is too weak to make fat cat oil firms pay their share'

In an article for the Mirror, Shadow Energy Secretary Ed Miliband said it is 'outrageous ' oil and gas giants are raking in enormous sums as BP reported its profits doubled to £23billion last year

The Independent UK

BP company directors earned enough in 2021 to pay 246 nurses salaries

Figures come as oil and gas giant posts record profits while millions face soaring energy bills

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