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The Latest Breaking News from Oil

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.

ABC News

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.

Reuters

Should California tax oil profits? Gas spike hearing sets stage for contentious debate

SACRAMENTO, California — Consumer advocates and oil industry representatives launched opening salvos Tuesday in a bitter debate over whether oil companies are “price gouging” drivers or are themselves actually the victim of California’s green policies squeezing out fossil fuel industries.

Tribune News Service

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Alberta Premier Danielle Smith seeks more autonomy from Canada in new bill

The government of Canada's main oil-producing province Alberta introduced proposed legislation on Tuesday to resist federal laws it deems harmful to Alberta, fulfilling a controversial promise from new Premier Danielle Smith.

Reuters

Motormouth: Warranty woes

Q: I have a 2008 Chrysler Town and Country that I purchased new. I also purchased the Chrysler Lifetime Maximum warranty. The ABS, BRAKE, ESP/BAS, ANTI-SKID warning lights came on. My dealership inspected the vehicle and tried to order a new sensor. They notified me that one was not available,…

Tribune News Service

ASX rises, AUSTRAC takes Star to court, Black Friday and Cyber Monday sales top $7 billion

Australian shares have closed higher as the October's consumer price index (CPI) shows inflation is easing.

ABC News

EU inches towards deal on Russian oil price cap this week

European Union countries are inching towards a deal this week on a price cap on Russian oil, a way to adjust the cap in future, and on linking it to a package of new sanctions against Moscow over its invasion of Ukraine, diplomats said on Tuesday.

Reuters

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Macron goes to Washington: Will brewing transatlantic trade row sour state visit?

It's a state visit that's also a chance to gauge superpower status. French President Emmanuel Macron heads to Washington at a time when Europeans are wondering aloud if Vladimir Putin’s invasion of Ukraine has not made the EU even more dependent on the United States. Arming the Ukrainians has shown…

France 24

Fox News’ Peter Doocy taken down in White House press conference clash: ‘That is not an accurate take’

Mr Doocy is known for his provocative line of questioning that frequently delivers combative soundbites to the Fox News audience

The Independent UK

WH spox calls out Fox News reporter

John Kirby swiped back at the reporter with a quick fact-check

Salon

Western governments struggle to agree on Russian oil price cap

Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.

Reuters

Just Stop Oil activist jailed for six months for M25 disruption

Magistrate reportedly speaks of using Jan Goodey’s case as a ‘deterrent’ during court proceedings

The Guardian - UK

Stephen F. Austin State University moves to join the University of Texas System

Regents said they chose the UT System because of its access to the Permanent University Fund, which consists of oil and gas assets.

The Texas Tribune

Energy CEO says markets should brace for 'one or two years of extreme volatility'

The head of one of Europe’s largest energy companies says turmoil is far from over, and European nations should start thinking ahead.

Fortune

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The Times of India

Kirit Parikh panel for price band to tame CNG, PNG spike

NEW DELHI: A panel under economist Kirit Parikh is set to recommend a price band of $4-6.5 per unit for gas produced from old fields of state-run ONGC and OIL, which would ease pressure on city gas utilities as well as CNG and PNG consumers.

Daily Mirror

Stowaways make an 11-day 2,000-mile voyage clinging to ship's rudder inches from water

Three stowaways travelled from Nigeria to the Canary Islands on oil tanker Alithini II by sitting on the rudder with their feet just inches from the water for 11 days

Evening Standard

Best rosacea treatments: Anti-redness skincare from soothing creams to face masks

Treatments to help tackle telltale signs, from redness to inflammation

Reason

Urine Isn't a "Noxious or Filthy Substance for Purposes of 1851 Massachusetts Vandalism Law"

In Commonwealth v. Narvaez, decided Tuesday by the Massachusetts high court, the defendant had allegedly deliberately "urinated on the floor both inside and outside of [his jail] cell": Based on the location of the toilet in the cell, the officer stated that "it [was] apparent that [the defendant] purposely urinated…

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Chicago Sun-Times

Mediterranean rice pilaf with eggplant and tomato

This recipe makes for a light meal or side dish. Serve it with grilled meats and fish or a roasted chicken.

Daily Record

Delayed £400 energy rebate to be paid to people in park homes as ‘soon as possible’

Oil and LPG users are also due a one-off payment for £200 this winter.

Kiplinger

How to Find the Best Oil Stocks to Buy

Higher demand and lower inventories should help the top-rated oil stocks outperform.

The Independent UK

Rishi Sunak urged to ‘shame’ oil giants avoiding windfall tax by publishing sums collected

Exclusive: Amendment would force ministers to share amounts saved through ‘loophole’

Axios

Oil prices touch pre-Ukraine war lows

Fears of an energy price apocalypse have subsided, for now.

The National (Scotland)

Government vows to oppose 'Grangemouth nuclear reactor plans'

ANY plans to power Scotland’s last remaining oil refinery with a nuclear reactor will be blocked by ministers, the Government has confirmed.

Manchester Evening News

Shoppers impressed by £28 Dunelm heater that costs pennies to run

Some say they’ve even ditched their central heating for the compact device

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