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The Latest Breaking News from Oil

SET-listed Power Solution Technologies (PSTC), a provider of clean energy solutions and construction services, is expecting higher sales of compressed natural gas next year because of environmental concerns and factory operators' desire to cut costs.

Bangkok Post

U.S. tells Turkey no need for additional checks on oil tankers

U.S. Deputy Treasury Secretary Wally Adeyemo told Turkish Deputy Foreign Minister Sedat Onal in a call on Wednesday that the price cap on Russian oil does not necessitate additional checks on ships passing through Turkish territorial waters, the U.S. Treasury Department said.

Reuters

The 2 Most Aggressive Energy Stocks to Buy Right Now

The oil and gas market is expected to remain tight, and analysts project prices will surge further in 2023. Amid this, investors should consider buying energy stocks Valero Energy (VLO) and Adams Resources & Energy (AE), which have gained significant momentum this year. Read on….

StockNews.com

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Offshore oil workers walk out in dispute with ‘Scrooge’ employer

OFFSHORE oil workers began two days of strike action on Thursday in a dispute over pay and working conditions.

The National (Scotland)

US to boost natural gas exports to UK in energy partnership

The United States will increase exports of liquefied natural gas to Britain under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine

The Independent UK

Donate ‘wartime profits’ to Ukraine or pay windfall tax, MPs tell BP

The company, which still owns stock in Russian oil, is being pressured to sever all ties with the country

The Guardian - UK

Memo to Just Stop Oil and everyone risking all to save the planet: we need a rethink

We must find new ways to protest and keep the public on side, says Feyzi Ismail, lecturer in global policy and activism at Goldsmiths university

The Guardian - UK

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Save ‘up to £200 in fuel a year’ by doing these 9 things

Motoring experts tell Lisa Salmon how good car maintenance and careful driving can help save a fortune on fuel costs.

The Independent UK

‘BP must divest from Russian oil firm or pay for Ukraine’s reconstruction’

Dame Margaret Hodge called for the British company to cut its ties with oil firm Rosneft, which is majority owned by the Russian state.

The Independent UK

Swiss climate activists lament election of oil lobbyist

Environmentalists in Switzerland have criticized the election of a top car- and oil-industry lobbyist to the country's new government, calling it a “disaster for climate policy.”

The Independent UK

China's Xi on 'epoch-making' visit to Saudi as Riyadh chafes at U.S. censure

Chinese President Xi Jinping began a visit to Saudi Arabia on Wednesday that Beijing said marked its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a long-standing partnership with the West.

Reuters

Sensible to get best deal for people, says Jaishankar on India's Russian oil import

NEW DELHI: External affairs minister Subrahmanyam Jaishankar on Wednesday said that India will opt for best deals to buy oil that is in the interest of its people.

The Times of India

World Cup Fans Explore Qatar’s Artificial Reefs

Thirty feet (9 meters) deep into the waters of the Gulf, angel fish swim in and out of rusted trucks and SUVs. Plastic bags and water bottles, blown in from the nearby shoreline, float across the ocean floor. World Cup fans in Qatar hoping to see some of the Gulf’s…

Asharq Al-Awsat

Can this diet save Australian kids from obesity? The science says so

Babies put on a lower-protein and cereals diet, and fed a variety of fruit and vegetables, developed a taste for a healthier diet.

The New Daily

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Los Angeles Times

Best of 2022: The biggest art stories mattered more than soup thrown on a Van Gogh

LOS ANGELES — The COVID-19 pandemic isn't over, but museum and gallery exhibitions are getting back on track. Rather than write the usual list of 10 best shows, I'm sharing these 10 art stories that caught my eye this year.

Chicago Tribune

Commentary: The G-7′s price cap gamble on Russian oil is an untested idea

The United States and its allies in Europe have spent the last 10 months turning the screws on the Russian economy in retaliation for Vladimir Putin’s war on Ukraine. The Western coalition blocked Russia from accessing around half of its more than $600 billion in foreign reserves, disconnected multiple Russian…

Asharq Al-Awsat

Asian Equities, Oil Prices Dragged by Recession Fears

Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession. The drop followed another day deep in the red for New York's three main indexes after the heads of Wall Street's leading banks…

The Times of India

Coronavirus: From getting a bald patch to losing hair volume; experts explain hair fall and thinning during the COVID pandemic

After recovering from an intense COVID infection in 2021, Pulkit Batra, 30, noticed he is losing more and more hair everyday and his hair texture also started getting thinner. "This continued for 3 months. I reached out to 2-3 people and realized that everyone was facing the same problem. This…

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Evening Standard

FTSE 100 Live: House prices in biggest fall since 2008, oil near $80

The average house price slid 2.3% in November, the largest monthly drop recorded by lender Halifax since October 2008.

The Guardian - US

Saudi Arabia readies full state pageantry for Xi Jinping visit

Chinese president’s three-day trip to Riyadh will lead to a ‘strategic agreement’ between the authoritarian powers

Tribune News Service

Xi is expected in Riyadh as the Middle East looks beyond America

Two months after snubbing U.S. President Joe Biden’s pleas for oil, Saudi Arabia is rolling out the red carpet for his Chinese counterpart, Xi Jinping.

Reuters

Putin says Russia could be fighting in Ukraine for a long time

Russian President Vladimir Putin said on Wednesday his army could be fighting in Ukraine for a long time, but he saw no sense in expanding a call-up of 300,000 reservists from September and October after serious Russian battlefield setbacks.

WEKU

A former Florida congressman is arrested on charges of lobbying for Venezuela

A newly unsealed grand jury indictment alleges that former Rep. David Rivera, a well-connected Florida Republican, illegally acted on Venezuela's behalf.

Reuters

Tanker delays across Turkish straits not due to Russia oil price cap - official

Disruptions in tanker traffic from Russia's Black Sea ports to the Mediterranean are a result of a new Turkish insurance rule, not the price cap on Russian oil agreed by a coalition of G7 countries and Australia, an official with the group said on Tuesday.

Reuters

Hungarian government scraps price cap on fuels as shortage worsens

Hungary's government scrapped a price cap on fuels on Tuesday after a lack of imports and panic buying led to fuel shortages across the country in the past days that oil and gas group MOL said created a "critical situation."

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