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The Latest Breaking News from Oil

MP in line to be next SNP Westminster leader had 'concerns' with energy giant windfall tax plan

MP for Aberdeen South Stephen Flynn claimed a stand-alone tax could hit jobs.

Daily Record

The Weekly Wrap for Saturday, 3 December 2022

What a spectacular finish to the Group Stage of the World Cup. It's a wonderful game. We'll give the FIFA-bashing a rest for the week; they seem to be doing a good enough job of it themselves at the moment.

inkl Originals

News briefs

9/11 compensation bill tangled up in Beirut victims’ push

Tribune News Service

From analysis to the latest developments in health,
read the most diverse news in one place.

In historic move, LA bans new oil wells, phases out existing ones

LOS ANGELES — The Los Angeles City Council voted Friday to phase out all oil drilling in L.A. and ban new wells, a historic move in a city that was built by a once-booming petroleum industry and whose residents have suffered with decades of environmental consequences as a result.

Los Angeles Times

Ukraine official accuses BP of war profiteering

A major energy company that pledged to sell its interests in Russia has yet to do so.

Fortune

Los Angeles City Council votes to ban oil and gas drilling

The Los Angeles City Council voted unanimously on Friday to ban the drilling of new oil and gas wells and to phase out existing ones over the next 20 years

The Independent UK

EU, G7, Australia to cap price on Russian oil at $60 per barrel

Price cap aims to reduce Russia’s ability to finance its war in Ukraine from selling crude oil internationally.

Al Jazeera

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An early Christmas gift: lower gas prices

The average price in the city for regular unleaded was $4.23 as of Friday, according to AAA Gas Prices

Chicago Sun-Times

Easing of Chinese Covid curbs lifts equity sentiment

RECAP: Asian shares were mixed yesterday as investors were heartened by the possible easing of Covid curbs in China, while they awaited job figures in the United States that could determine whether the Federal Reserve will start to moderate its interest-rate increases as widely expected.

Bangkok Post

Granite Harbour review – the best dressed cop double-act in TV history

One corpse, multiple suspects and countless chic accessories: this gloriously gloomy whodunnit tries one last – surely the last? – variation on odd-couple detectives

The Guardian - UK

G7 coalition agrees $60 per barrel price cap for Russian oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day.

Reuters

EU states agree $60 a barrel cap on Russian oil after Polish green light

Poland, which was pushing for low cap, says deal will keep it at least 5% below market rate

The Guardian - UK

EU agrees to set $60 price cap level for Russian oil exports

The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for a wider Group of Seven deal.

Tribune News Service

Scotland Office refuse to disclose grafitti damage costs at Edinburgh HQ

Just Stop Oil activists threw red paint over the plush glass-fronted flagship Edinburgh office earlier this year

The National (Scotland)

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The Guardian - UK

State response to Just Stop Oil must be within the law, says Sadiq Khan

London mayor’s demand comes as civil rights campaigners criticise PM’s promise to increase police powers

The Times of India

India to continue buying oil from all countries including Russia: Official

NEW DELHI: India will continue to buy crude oil from anywhere in the world, including Russia, to meet its energy needs, a top official said ahead of EU restrictions on Russian oil kicking in.

Belfast Live

Emergency Fuel Support Programme opens next week in Derry - but no direct aid for gas users

Derry City and Strabane council’s Emergency Fuel Support Programme is set to be rolled out across the district

The Independent UK

EU tentatively backs $60-per-barrel price cap on Russian oil

The European Union has tentatively agreed to a $60-per-barrel price cap on Russian oil

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news in one place.

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Evening Standard

Let’s Make-Up: the new beauty launches to have on your radar in December 2022

Our series where we fill you in on the buzziest beauty launches to know this month

StockNews.com

Should You Put More Money Into APA Corp. Before the End of This Year?

APA Corporation (APA) has benefited from the higher crude oil prices this year, and its shares have gained more than 73% year-to-date. Although crude oil prices have dropped from their highs, analysts seem optimistic about a price recovery considering the expected demand-supply dynamics. Given this backdrop, will it be wise…

The Independent UK

Action against Just Stop Oil must be ‘within the law’, says London Mayor

Rishi Sunak pledged on Thursday that police will have whatever powers required to crack down on disruptive protests.

The National (Scotland)

Oil and gas boom will 'accelerate' Scotland's green energy revolution

A HUGE boost in oil and gas revenue could accelerate Scotland’s green revolution, an economist has said.

WEKU

What to know about the West's new efforts to slash Russia's oil revenue

Plans take effect next week that would ban most Russian oil imports from Europe and put a price cap on the oil going elsewhere. But Russia could still make money off oil to fund its war in Ukraine.

The Guardian - US

Wooden spoons and glass mugs: how to avoid toxic chemicals in your kitchen

Tom Perkins has reported widely on the potential risks of toxic chemicals. Here’s his guide to help you find safe alternatives for your kitchen

Evening Standard

Best halogen ovens for saving money while cooking

These clever gadgets use infrared halogen and cook in a way that can not only save on your energy bills but by using less oil too

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