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The Latest Breaking News from Oil

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

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

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

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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

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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

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

inkl

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.

Fortune

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.

Bangkok Post

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?

The Guardian - UK

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

Evening Standard

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.

Fortune

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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

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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

Ballotpedia

California voters will decide on a veto referendum to repeal an oil and gas regulation law in 2024

The California secretary of state announced that a veto referendum seeking to repeal Senate Bill 1137 (SB 1137) had qualified for the 2024 ballot on Feb. 3.

Daily Mirror

Boots slash 50% off adult toys from Lovehoney, Lelo and Durex in time for Valentine's Day

If you're looking for something to spice things up this Valentine's Day - Boots has slashed 50% off adult toys....

Bangkok Post

PTTEP expects sales record in 2023

PTT Exploration and Production Plc (PTTEP) expects its sales of oil and gas this year will reach a new high of 470,000 barrels of oil equivalent per day (boed), driven by gas supply from the Erawan field in the Gulf of Thailand.

Daily Record

Scots face 'ludicrous' energy bills while BP rakes in 'obscene' £23billion profits

The UK Government is under pressure to impose a fresh windfall tax on energy giants who are earning record profits.

The Independent UK

ExxonMobil should ‘own up and pay up’ for heating planet, government’s climate adviser says

Lord Deben, a cabinet minister under Margaret Thatcher, says oil and gas giant is refusing to take ‘any responsibility’ for role it played in accelerating climate change

The Times of India

Energy transition cannot come at the cost of the poor: Hardeep Puri

BENGALURU: Energy transition cannot happen overnight or without ensuring affordability and energy justice for the poor. That is the message oil minister Hardeep Singh Puri conveyed on Tuesday at the India Energy Week as Sultan Al Jaber, CEO of UAE’s national oil company ADNOC and the man who will lead…

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