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The Latest Breaking News from Oil

Oil tankers queue up off Turkey as price cap on Russian crude kicks in - FT

Oil tankers formed a traffic jam off the coast of Turkey on day one of the West's price cap on Russian crude, with Ankara insisting on new proof of insurance for all vessels, the Financial Times reported on Monday.

Reuters

Oil companies spent big to elect new California legislators. What will their millions buy?

SACRAMENTO, Calif. — A handful of moderate Democrats and Republicans, beneficiaries of millions in oil contributions, are headed to the California Senate and Assembly this week.

Tribune News Service

EU imported 6 times more oil than India from Russia: S Jaishankar

NEW DELHI: Foreign minister S Jaishankar strongly defended India’s oil imports from Russia after a meeting with his German counterpart Annalena Baerbock saying Europe can't make choices in line with its energy needs priorities and asked India at the same time to do something else. Jaishankar said the EU had…

The Times of India

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EU can’t have 2 sets of rules on Russia oil imports: External affairs minister

The Times of India

Reports of Misleading Voters About Oil and Gas Referendum Surface Across California

Petition circulators have reportedly claimed that a ballot measure would ban new oil and gas wells near homes. In fact, it would do the opposite.

Capital & Main

Week in Ukraine war: new Russian strikes, oil price cap, no Biden-Putin talks (Dec. 5)

Catch up on key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

WEKU

G7 price cap on Russian oil: How does it work and what is the aim?

The price cap is expected to apply significant financial pressure on Russia.

Evening Standard

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Cheapest air fryers to buy from Aldi, Costco, Asda, Currys and John Lewis this Christmas

If you are on the hunt for an air fryer and want to find the cheapest - especially if its for Christmas and you're looking to save some money - then we have a list that could come in pretty handy.

Glasgow Live

Derry City and Strabane Council's £100 hardship fund set to open

We have all the details on how you can apply for the fund

Belfast Live

Broiler gives open-fire feel to spiced ground beef kebabs

Using ground beef to make kebabs means you can flavor them from the inside, but they can easily tumble off the skewer

The Independent UK

Oil prices surge as cap on Russian crude comes into force

Russia is preparing response to price cap that will ‘destabilise world energy markets’, Kremlin says

The Independent UK

Biden crowned world energy czar as diplomacy triumphs over Putin’s tantrums

Putin thought he controlled the world’s energy supply. Now he’s just an impoverished warlord.

Fortune

Greece, Bulgaria discuss oil pipeline bypassing Bosphorus Strait

An EU embargo on Russian oil and a transit fee hike to use the Bosphorus Strait are reviving a shelved pipeline plan.

Al Jazeera

Two of Vladimir Putin’s nuclear bombers reportedly damaged as ‘explosions rock military bases in Russia’

Videos showed a huge flash at the high-security airbase in Saratov region used by the Russian president’s strategic fleet

Evening Standard

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The Guardian - UK

Cop15 security operation will be biggest for 20 years, Montreal police say

Protests against oil and mining have been planned, as thousands of delegates arrive for UN biodiversity summit

The Independent UK

Russian oil price cap, EU ban aim to limit Kremlin war chest

Oil prices have risen as the first strong measures to limit Russia’s oil profits over the war in Ukraine took effect

Asharq Al-Awsat

Kremlin Says Western Oil Price Cap Will Not Hinder Military Operation in Ukraine

The Kremlin said on Monday that a Western price cap on Russian oil would destabilize global energy markets but would not affect Moscow's ability to sustain its military operation in Ukraine. Kremlin spokesman Dmitry Peskov said Russia was preparing how it would respond to the move by the G7 and…

The Independent UK

India signals it will continue to buy oil from Russia

India's foreign minister has signaled that his country will continue to buy oil from Russia, even as Western governments press Moscow with a price cap on its oil exports

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Wales Online

Chefs reveal their secrets to making the perfect roast potatoes

From baking powder to stock cubes, this is what celebrity chefs say make the perfect roastie

France 24

Russian oil price cap and EU embargo come into effect

Starting this Monday, all Russian oil sold on international markets will be subject to a G7 and EU-imposed price cap. The measure is aimed at cutting into Moscow's financing for the war in Ukraine, while maintaining global supply. The bar has been set at $60 a barrel, which Ukraine's president…

Radio France Internationale

G7 Russian oil price cap and EU embargo come into force

The price cap on Russian oil agreed by the European Union (EU), G7 and Australia is set to come into force on Monday. It aims to restrict Russia's revenue while making sure Moscow keeps supplying the global market.

Reuters

An assassination, a feud and the fight for power in Iraq's Kurdistan

The marriage of convenience between Iraqi Kurdistan's political dynasties is on the rocks.

The Guardian - UK

UK car sales jumped 23.5% in November despite 2023 recession looming – as it happened

Rolling coverage of the latest economic and financial news, as CBI warns UK faces recession and a lost decade without a government growth plan

The Independent UK

Russian oil cap begins, trying to pressure Putin on Ukraine

Western countries on Monday began imposing a $60-per-barrel price cap and ban on some types of Russian oil, part of new measures aimed at stepping up pressure against Moscow over its war on Ukraine

France 24

Wave of Russian missiles strike Ukraine, Kremlin says Ukrainian drones hit air bases

Air alerts blared across Ukraine and officials urged civilians to take shelter from a wave of deadly Russian missile strikes that caused major power outages. The strikes followed what the Kremlin said were Ukrainian drone attacks on two air bases deep inside Russian territory. Read our live blog to see…

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