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The Latest Breaking News from Oil

Pakistan govt raises petrol, diesel prices by Rs 35 each

ISLAMABAD: Cash-strapped Pakistan's government on Sunday raised prices of petrol and diesel by Rs 35 each, giving another jolt to the country's inflation-stricken people.

The Times of India

QatarEnergy to Join Lebanon Offshore Oil and Gas Exploration

QatarEnergy will join TotalEnergies and Eni in a three-way consortium to explore oil and gas in two maritime blocks off the coast of Lebanon, the Lebanese energy ministry said on Thursday. Following months of talks, QatarEnergy is set to take a 30 percent stake, leaving France's TotalEnergies and Italy's Eni…

Asharq Al-Awsat

Amid economic turmoil, Pakistan hikes up fuel prices

Decision comes amid stalled negotiations with global lender IMF which is yet to release a crucial instalment of $1.1bn.

Al Jazeera

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Shell and BP face tough job of keeping customers and investors happy as profits roll in

The oil giants will also have to contend with intensifying calls to put more money into clean energy

The Guardian - UK

Tory Treasurer hired by Sunak and Zahawi rakes it in from Russian oil industry

Billionaire Mohamed Mansour is co-owner of a company with a subsidiary supplying machinery to Russia's oil and gas industry, despite sanctions imposed since Putin's Ukraine invasion

Daily Mirror

Just Stop Oil protestors stop traffic on major city centre road causing long delays

Long delays are being caused.

Manchester Evening News

Russian Antarctic vessel docks in South Africa as green groups protest

A Russian research vessel which has been prospecting for oil and natural gas in the Antarctic docked in South Africa on Saturday following protests by green campaigners who say its operations in the region violate a treaty banning mineral exploration.

Reuters

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Anchorman director selling Sex Panther cologne and other props

Adam McKay is supporting worldwide organisations including Just Stop Oil and Insulate Britain in the UK

Wales Online

'Pensioner who died in freezing home should shame oil giants raking in £160bn profits'

As an 87-year-old lady died freezing and afraid to turn on the heating in her terraced home, energy fat cats should hang their heads in shame as they exploit the misery of millions

Daily Mirror

New Venezuela opposition leader confident U.S. will protect assets

The new president of Venezuela's opposition legislature is confident the United States will back the body by continuing to protect foreign assets like oil refiner Citgo Petroleum from creditors, she said on Friday.

Reuters

Oil giants making 'obscene' £5,000 profit a second while millions struggle to heat homes

Five of the world's biggest oil companies are expected to reveal profits equating to £5,000 a second between them while millions continue to struggle with rising energy bills

Daily Mirror

The No. 1 Energy Stock to Buy for 2023

Oil & Gas company Marathon Petroleum’s (MPC) impressive third-quarter results added to its stellar track record. With supplies constrained amid rising energy demand from Asia and Europe, the fundamentally strong company seems well-positioned to capitalize on opportunities to keep filling the gap and deliver impressive returns on investment. Read on….

StockNews.com

Prax unveils £300m carbon capture plan for Lindsey Oil Refinery

Humber proposal will support the cleaning up of the UK's most polluting industrial cluster

Birmingham Post

Exxon scientists accurately forecast climate change back in the 1970s – what if we had listened to them and acted then?

Writers of speculative- and science-fiction often identify a key point in time and explore how a seemingly insignificant event might change the path of humanity.

The Conversation

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The Independent UK

Filipino workers: Oil company abandoned us in Hurricane Ida

Ten Filipino men who worked for a major offshore oil industry employer under federally granted visas claim in a federal lawsuit they were treated like prisoners at a company bunkhouse and that some of them were abandoned there when Hurricane Ida struck the Louisiana Gulf Coast in August 2021

The Conversation

LA's long, troubled history with urban oil drilling is nearing an end after years of health concerns

Los Angeles had oil wells pumping in its neighborhoods when Hollywood was in its infancy, and thousands of active wells still dot the city.

The Conversation

Somaliland’s oil find could reset the regional balance: here's how

The presence of oil in Somaliland has been confirmed by a recent exploration. The discovery has raised the stakes in Somaliland’s claim for independence from Somalia as it holds the potential for a new stream of revenue for the semi-autonomous state. But the oil exploration is deepening the rift with…

Dublin Live

Dublin pubs: Full list of boozers sold for combined €51.5 million last year

Many city centre pubs have still not recovered to 2019 trading levels due to a drop in mid-week custom, increase in gas and oil prices, and labour shortages

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Asharq Al-Awsat

Oil Prices Advance on US Growth, Chinese Recovery Hope

Oil prices edged ahead for a second session on Friday, buoyed by stronger-than-expected US economic growth and hopes of a rapid recovery in Chinese demand as COVID-19 cases and deaths plunged from last month's peak levels. Brent futures gained 18 cents, or 0.2%, to $87.65 a barrel by 0724 GMT,…

The Independent UK

House GOP seeks new restrictions on use of US oil stockpile

For the second time this month, House Republicans are seeking to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already drawn a White House veto threat

Capital & Main

Even After Floods Hit State, California Plans Cuts To Climate Investments

Lawmakers will have to resist inertia and oil and gas influence as the climate crisis worsens.

WEKU

Oil refineries release lots of water pollution near communities of color, data show

Oil refineries release billions of pounds of pollution into waterways each year, according to regulatory data. NPR found that pollution is concentrated near places where people of color live.

Capital & Main

Flaring and Venting Spike in December Cold Snap

Questions over whether cold weather in New Mexico an 'emergency.'

The Independent UK

Climate groups decry selection of oil chief to oversee COP28

Hundreds of climate and environmental groups from around the world released a letter Thursday that decried the nomination of an oil executive to oversee the United Nations climate negotiations at COP28

Daily Record

Hair expert shares 'easy' five minute routine to 'boost' growth and thickness

The quick tip can be done before bed with soothing essential oils.

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