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The Latest Breaking News from Oil

Luxury for less! 11 delicious, impressive and cheap dishes, chosen by top chefs

From spaghetti with mussels to aubergine parmigiana, these recipes will wow everyone without breaking the bank

The Guardian - UK

Founder of collapsed crypto exchange insists he 'didn't ever try to commit fraud'

Once a darling in the business and tech world, Sam Bankman-Fried has become a pariah. The founder of crypto exchange FTX, which declared bankruptcy last month, has given his first media interview since his platform collapsed. He denied any intention to commit fraud and pleaded ignorance at the mismanagement of…

France 24

Yemen Reiterates Security, Military Preparedness to Confront Houthis

The Yemeni government asserted the need to raise security and military readiness and called for popular support, hinting at resorting to "difficult choices" in response to Houthi terrorism. Prime Minister Maeen Abdulmalik affirmed that the government would continue to take practical and firm measures to combat corruption, activate the rule…

Asharq Al-Awsat

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Tech firm that helps make 'virgin-quality' plastics from waste joins Loughborough University science park

Plastic Energy turns previously unrecyclable plastic waste into a recycled oil that can be used again in petrochemical plants

Birmingham Post

Philippines needs to find ways to exploit South China Sea resources, says Marcos

The Philippines must find a way to explore for oil and gas in the South China Sea even without a deal with China, President Ferdinand Marcos Jr said on Thursday, emphasising his country's right to exploit energy reserves in the contested waterway.

Reuters

U.S. urges caution on low-quoted Russian oil prices as EU debates price cap

The Biden administration broke its silence on Wednesday on European Union deliberations over a $65-70 per barrel Russian oil price cap on Wednesday, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.

Reuters

Sweet Meet to extend palm oil sales to consumers

Sweet Meet (Thailand), the producer of Ploen vegetable cooking oil for business clients, looks set to expand into palm oil for consumers next year.

Bangkok Post

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IRPC expects petrochemical prices to rise

IRPC, the petrochemical arm of national oil and gas conglomerate PTT Plc, expects prices of petrochemical products, which hit a 10-year low, to increase early next year as Covid-19 eases.

Bangkok Post

5 Oil and Gas Stocks to Watch This Holiday Travel Season

Crude oil prices are increasing with declining inventory and hopes of a slower interest rate hike. Moreover, a surge in demand is also expected due to the possible reopening of the Chinese economy and holiday travel. Given the industry tailwinds, we think it could be wise to consider investing in…

StockNews.com

Alan Kohler: How two Australian chemists came up with a global solution for plastic

This Australian invention using heat and water to turn plastic and biomass into oil and fuel is one of the great hopes of mankind.

The New Daily

Talking Point: Would you support Just Stop Oil slashing artwork?

The controversial climate activists have threatened to follow in the footsteps of the Suffragettes by slashing works of art.

Evening Standard

Oil and Gas Operator Pays Millions for Clean Air Act Violations

Public prosecution 'a great model' for future suits against polluters.

Capital & Main

Reserve Bank just landed final blow to Labour's election hopes

Labour is not responsible for the global economic crisis, the Ukraine war or the Reserve Bank’s record rate rise but is set to suffer electorally the way it did after the oil shock in 1974.

Newsroom.co.nz

Dunelm praised for £28 portable heater that costs 22p an hour to run

Many shoppers say they've not turned on their central heating since getting one of the portable oil-filled radiators

Nottingham Post

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Evening Standard

Fossil fuel companies keep parties quiet to avoid activists

Shell has told employees to “avoid talking about” the boss’s leaving do

Asharq Al-Awsat

Aramco Completes Three Transactions with PKN ORLEN in Poland

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, successfully closed three landmark transactions with Polish refiner and fuel retailer PKN ORLEN, through its subsidiary Aramco Overseas Company BV, based in the Netherlands.

The Independent UK

NGO asks Spain to halt possible return of Nigerian stowaways

A human rights organization is asking the Spanish government to halt the potential return to Nigeria of three men found traveling on an oil tanker’s rudder after an 11-day ocean voyage from Lagos, Nigeria to Las Palmas in the Canary Islands

Fortune

Occidental CEO Vicki Hollub says carbon capture is not greenwashing

"It's something that we feel like we should do and need to do to help the world."

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Birmingham Post

Oil and gas company Rockhopper strikes deal with Falkland Islands government

The Aim-listed firm said the agreement would offer the opportunity for future development in the region

Evening Standard

Just Stop Oil could slash famous paintings like Suffragettes, says spokesman

Famous artworks are not safe from activists in run up to Christmas as group prepare to ‘escalate’ efforts

Evening Standard

Just Stop Oil protesters slow traffic on march from Moorgate to London Wall

Just Stop Oil protesters disrupted morning traffic as they marched through Moorgate, Barbican, Farringdon and Tower Hill on Wednesday.

Birmingham Post

Essar Oil to build £360m carbon capture plant at Stanlow refinery

Once complete in 2027, Essar Oil said the plant would take the equivalent of 400,000 cars off the road

Tribune News Service

Eduardo Porter: Migrant workers face worse choices than building World Cup stadiums

The global financial crisis of 2008 dealt a blow to thousands of Indian laborers. They were set to join hundreds of thousands of compatriots providing the workforce for a construction boom in Dubai. Then the world economy spasmed, the price of oil tanked and international finance dried up. Hundreds of…

ABC News

Outback Queensland council welcomes news of new Eromanga oil and gas exploration permits

Pure Energy gets the green light for a new gas exploration project north of Eromanga in outback Queensland.

Reuters

Fire at oil storage tank in Russia's Bryansk region - governor

A large oil storage tank was on fire early on Wednesday in Russia's Bryansk region, a local governor said.

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