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The Latest Breaking News from Oil

Canada's Alberta province forecasts C$12.3 billion budget surplus

Canada's main oil-producing province Alberta on Thursday forecast a C$12.3 billion ($9.2 billion) budget surplus for the 2022/23 fiscal year, but warned economic risks are increasing as high inflation, rising interest rates and geopolitical unrest slow global activity.

Reuters

Overturned oil tanker closes busy Valleys road

The road was still closed on Thursday evening

Wales Online

Best small air fryers: Compact units that are perfect for meals for two

Great taste, mini space

Evening Standard

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EXPLAINER: What's the effect of Russian oil price cap, ban?

The deadline is looming for Western allies to agree on a price cap on Russia oil

The Independent UK

Putin discusses West's oil price cap with Iraqi leader - Kremlin

Russian President Vladimir Putin on Thursday discussed Western attempts to cap the price of Russian oil during a phone call with Mohammed Shia al-Sudani, the new Iraqi prime minister, the Kremlin said in a readout of the call.

Reuters

Everything about Petrobras will be discussed with markets, says member of Lula's team

Brazil's incoming government has no intention of causing a "breakdown" of state-run oil giant Petrobras, a member of the transition team said on Thursday, adding that "everything" would be discussed with markets and investors.

Reuters

Tobacco companies can’t sponsor Australian arts. Should fossil fuel giants be banned too?

A 350.org database shows almost two dozen arts organisations are still reliant on mining money – but some are hunting for alternatives

The Guardian - AU

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Warning to dog owners as poisonous blocks wash up on Merseyside beach

Blocks have reportedly appeared on one beach in Merseyside

Liverpool Echo

Turkish strikes hit oil installations in northern Syria, sources say

Turkish drones are targeting key oil installations run by the Kurdish-led Syrian Democratic Forces (SDF) in northeast Syria, three local sources said, in air strikes which drew strong condemnation from the United States overnight.

Reuters

Men swear £11 beard oil is 'best out there' and it's now on sale

"I use it daily. I love how it makes my beard feel and it smells great. It's undoubtedly the best product I have ever had for my beard and if the bottle ever runs out ( it seems to last ages) I will be buying it again. To sum it…

Liverpool Echo

EU energy ministers hold tense talks on Russian natural gas price cap

Talks are taking place in Brussels on a proposal to set the ceiling for the price of Russian natural gas at €275 per megawatt hour. The plan has come under criticism from all sides for either being too complicated, too high or unnecessary. Meanwhile, the G7's plan to cap Russian…

France 24

Bishop told congregation they’d ‘drop dead’ from Covid if they didn’t buy his £91 protection kits

Bishop Climate Wiseman, 47, who preaches at the Kingdom Church in Camberwell, South London, says investigators probing his ‘scarlet yarn’ Covid kits are ‘the antichrist’

The Independent UK

Quick Fix: Save time but keep the flavor with this veggie gumbo recipe

Here's a short-cut version of a Southern favorite: Gumbo Soup. It’s comfort food that can take hours to make. This gumbo captures the flavor without the hours. It’s a one-pot vegetarian meal.

Tribune News Service

Saudi Petrochemical Strategy in its Final Stages

Saudi Minister of Energy Prince Abdulaziz bin Salman said on Wednesday that the petrochemical sector was rapidly growing in demand for oil globally, stressing that the acceleration in growth will continue until 2040. In remarks during the inauguration of the Saudi Petrochemical Industries Company (SABIC) building in Jubail, the minister…

Asharq Al-Awsat

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Bangkok Post

PTTEP faces $1.7bn suit over 2009 spill

JAKARTA: Indonesia is seeking at least 27.4 trillion rupiah (US$1.7 billion) in damages from PTT Exploration & Production Plc (PTTEP) in a planned lawsuit next year over the Montara oil spill, even after the Thai company reached an initial settlement with farmers in the area.

Irish Mirror

Irish motorists warned petrol and diesel price hike could be just around the corner

The average price of petrol now sits at €1.77 while diesel is €1.96 but filling up your tank might cost a lot more in a few weeks

Daily Mirror

Thanksgiving fire warning as chiefs caution against exploding turkeys - how to avoid it

The National Fire Protection Association have revealed more than 1,000 fires each year are caused by deep fryers on Thanksgiving, which results in $15million worth of property damage

The Guardian - AU

Russian strikes risked ‘nuclear catastrophe’, says Ukraine energy chief; Moscow says 50 PoWs freed – as it happened

Head of Ukrainian nuclear power company says Zaporizhzhia nuclear power station on diesel generators on Wednesday; Kyiv releases Russian PoWs

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Tribune News Service

Venezuela to restart opposition talks, hoping US eases sanctions

Venezuela’s government and opposition agreed to restart talks this weekend, ending a yearlong standoff and potentially opening the door for the U.S. to ease oil sanctions, according to people familiar with the situation.

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 274 of the invasion

Volodymyr Zelenskiy calls for UN security council to take action after latest strikes; EU leaders fail to agree on price cap for Russian oil

The Guardian - AU

Fair Cop27? Where did Peter Dutton’s figure of $2tn for climate damage fund come from?

Meanwhile, BP’s CEO was in town spruiking the energy giant’s climate credentials, as its oil output increases from last year

The Texas Tribune

Biden administration quietly approves huge Texas oil export project

The Sea Port Oil Terminal would be 30 miles off the Texas coast and is one of four proposed offshore terminals designed to dramatically expand the U.S. oil export capacity.

Bangkok Post

PTT: Oil at $90 in 2023

Global crude oil prices are expected to keep decreasing to US$85-95 a barrel next year when the world economy slows down, according to analysts of national oil and gas conglomerate PTT Plc.

Wales Online

Just Stop Oil protest review finds police who arrested journalists 'lacked understanding'

It has also been revealed that two police officers involved had not completed their mandatory media training

The Guardian - UK

Senior officers ordered ‘unlawful’ arrests of journalists at Just Stop Oil protests

Review finds arrests of four journalists covering climate protests last month were directed by senior officers

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