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The Latest Breaking News from Oil

George Skelton: Penalizing high gas costs could be 2023’s biggest legislative fight. Hopefully, lawmakers learned from the past

SACRAMENTO, Calif. — There are worse things than being gouged at the gas pump. You could be shut out at a dry pump.

Los Angeles Times

Faye Flam: Let's leave the oil — and the ‘zombie viruses’ — under the permafrost

Vast stretches of permafrost are melting as the Earth’s polar regions warm, thawing ancient viruses and bacteria that had remained frozen for tens of thousands of years. Behind the lurid headlines about “zombie viruses,” there’s some fascinating science — and a warning.

Tribune News Service

China's Xi calls for oil trade in yuan at Gulf summit in Riyadh

President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the U.S. dollar's grip on world trade.

Reuters

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China's Xi strikes deals with Saudi royals during 'milestone' visit

Chinese President Xi Jinping signed a raft of deals with Saudi officials during a three-day visit to Riyadh as Beijing seeks to shore up its Covid-hit economy and as the Saudis, long-term US allies, push to diversify their economic and political alliances.

France 24

Twenty Oil Tankers Wait to Cross Istanbul's Bosphorus Strait

One more tanker took to 20 on Friday the number of vessels waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the Tribeca shipping agency said, amid talks to disperse the build-up. On Thursday, dismissing pressure from abroad over the lengthening queue,…

Asharq Al-Awsat

Vietnam vessel saves 154 Rohingya from sinking boat, transfers to Myanmar navy

A Vietnamese oil service vessel rescued 154 people from a sinking boat in the Andaman Sea and has transferred them to Myanmar's navy, state media reported, a group that was confirmed by activists as minority Rohingya Muslims.

Reuters

Aramco, Shandong Energy Collaborate on Downstream Projects in China

Saudi Aramco and Shandong Energy Group are exploring collaboration on integrated refining and petrochemical opportunities in China, the Saudi Arabian Oil Company said in a statement on Friday. The companies have signed a Memorandum of Understanding (MoU) which includes a potential crude oil supply agreement and chemicals products offtake agreement,…

Asharq Al-Awsat

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Saudi Arabia, China Affirm Importance of Stable Global Oil Markets

Saudi Arabia and China reaffirmed the significance of stability in global oil markets and the Saudi role in that, a joint statement said on Friday, following Chinese President Xi Jinping's visit to the Kingdom. "The People's Republic of China welcomed the Kingdom’s role as a supporter of the balance and…

Asharq Al-Awsat

3 sweet and savoury Italian baking recipes

From focaccia to florentines, 2021 Bake Off winner Giuseppe Dell’Anno’s new cookbook celebrates the best of Italian bakes. Prudence Wade digs in

The Independent UK

Turkey oil tanker logjam snarls Russia oil sanctions

Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday.

Reuters

Can Just Stop Oil make the case for protest?

The climate activists know their tactics make people angry — and they believe that’s a price worth paying

Financial Times

Petrol prices ease ahead of Christmas

Motorists would be wise to fill up while fuel is cheap because retailers could hike prices in the days before Christmas.

AAP

14,000-barrel oil spill in Kansas temporarily shuts down Keystone Pipeline

An estimated 14,000 barrels of crude oil spilled from the Keystone Pipeline into Mill Creek near the city of Washington, Kansas, on Wednesday night.

Tribune News Service

Oil spill in rural Kansas creek shuts down Keystone pipeline

An oil spill in a creek in northeastern Kansas has shut down a major pipeline from Canada through the Plains and to the Texas Gulf Coast

The Independent UK

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Al Jazeera

Keystone pipeline temporarily closed following Kansas oil spill

The energy company in charge of the pipeline has not said what caused the spill or how much oil was released.

Bangkok Post

Bangchak to make jet fuel out of used cooking oil

SET-listed energy conglomerate Bangchak Corporation plans to make biofuel for aircraft, also known as sustainable aviation fuel (SAF), from used cooking oil through a joint venture with a 200-million-baht budget, in a move to cut carbon dioxide emissions.

ABC News

Australian share market rises, global stocks climb on hope of revived China demand — as it happened

The Australian share market follows Wall Street up, while oil prices continue to fall on fears of a global economic slowdown.

StockNews.com

3 Stocks That Stand to Benefit from the Ongoing Energy Crisis

Despite the recent retreat in oil and gas prices from their peaks, a surge in demand due to the onset of a chilly winter in the U.S. and Europe and the reopening of China’s economy could boost oil and gas prices significantly. Therefore, we think it could be wise to…

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ABC News

Putin, secret talks and the 'Merchant of Death': US basketball star Brittney Griner's long road to freedom from a Russian penal colony

The young basketball star became embroiled in a tussle between the United States and Vladimir Putin right at the moment the Russian strongman was isolated and increasingly desperate for leverage.

Daily Mirror

Religious preacher sold £91 bottles of olive oil styled as bogus Covid-19 cures

Bishop Climate Wiseman, 47, who also claims to have performed miracles on the sick, was found guilty of fraud after he sold the bottles as “plague protection oil” during the pandemic and urged his congregation to buy them "as soon as possible"

The Times of India

Oil ministry recasts ONGC board

NEW DELHI: The ONGC board is to be restructured from March 1, 2023 to make the state-run exploration behemoth more responsive to “the emerging trends in the energy sector” and align its corporate goals with “the national energy priorities”.

Reuters

U.S. puts sanctions on Turkish businessman, citing links to Iran's Quds Force

The Biden administration levied sanctions on Thursday on prominent Turkish businessman Sitki Ayan and his network of firms, accusing him of acting as a facilitator for oil sales and money laundering on behalf of Iran's Revolutionary Guard Corps.

Homes & Gardens

10 easy ways to make your home smell good for Christmas including festive home fragrance and themed cleaning products

We offer ten easy ways to seasonally scent your home for Christmas

Newsroom.co.nz

National cost of Marsden Point closure highlighted by Christmas jet fuel shortage

The loss of the country’s only oil refinery is already hurting the economy with the threat of grounded planes this summer – and that's just the start, argues Simon Terry.

The Conversation

Three graphic novels that creatively confront the climate crisis

As the scale and severity of the environmental crisis escalates, our shelves and screens have been bombarded by a whirlwind of climate-themed genres, from climate fiction (cli-fi) to disaster movies.

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