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The Latest Breaking News from Oil

Taxpayer subsidy to energy giants ‘could exceed 100p in the pound’ if Hunt increases windfall tax

Chancellor considering 10p hike in levy to 35% of oil and gas profits

The Independent UK

Sri Lankan mackerel curry and sardine som tam: Mitch Tonks’ tinned fish recipes

A showstopping Thai som tam with crisp sardines, a tuna and vegetable salad to be eaten straight from the can and a versatile Sri Lankan fish curry

The Guardian - UK

Just Stop Oil: Two more activists charged following M25 protests

The group has now announced an end to its campaign on the motorway

Evening Standard

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Just Stop Oil: Police chief says officers uphold ‘liberal democracy’ after Braverman demands crackdown

‘We’re not going to arrest our way out of environmental protest’ warns policing leader

The Independent UK

Carbon-Neutrality Session: Extreme Solutions Not in World’s Interest

“How can carbon neutrality be achieved without threatening national and international oil needs?” The question constituted the main focus of the net zero carbon emission session, which was held within the second edition of the Green Saudi Initiative forum in Sharm el-Sheikh on Thursday. The session discussion emphasized that “extreme…

Asharq Al-Awsat

Woman stunned to find UK's DEADLIEST plant in council flowerbeds in public park

When it seeds, the deadly plant contains a substance 6,000 times more poisonous than cyanide, and even the tiniest amount can kill without medical intervention

Daily Mirror

Just Stop Oil supporter from Swansea arrested over M25 gantry climb

Tez Burns has been arrested for Just Stop Oil activism before

Wales Online

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Calls for Government to rethink protest laws after journalist arrests

Civil liberties groups have written to Home Secretary Suella Braverman to express concern about recent incidents during Just Stop Oil protests.

Evening Standard

Food firms’ plans for 1.5C climate target fall short, say campaigners

Major producers of soya and beef accused of failing to deliver on pledges to stop deforestation

The Guardian - UK

Cop27 first week roundup: powerful dispatches, muted protest, little cash

Despite ‘loss and damage’ focus there have been more oil and gas lobbyists than delegates from the most vulnerable countries

The Guardian - UK

US outlines effects of withdrawing land from oil drilling

The U.S. Interior Department's plan to withdraw hundreds of square miles in New Mexico from oil and gas production for the next 20 years is expected to result in only a few dozen wells not being drilled on federal land surrounding Chaco Culture National Historical Park

The Independent UK

Calls for Government to rethink Public Order Bill after journalist arrests

Civil liberties groups have written to Home Secretary Suella Braverman to express concern about recent incidents during Just Stop Oil protests.

The Independent UK

Gallagher, watermelon-smashing comedian, dies at 76

With a beret on his head and a few simple props, from a can of oil to a bull whip, the man born Leo Anthony Gallagher Jr. built a nationwide following in the 1970s and ‘80s.

Chicago Sun-Times

Looking At Marathon Oil's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on Marathon Oil (NYSE:MRO). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

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Reuters

India can buy as much Russian oil as it wants, outside price cap, Yellen says

The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, U.S. Treasury Secretary Janet Yellen said on Friday.

The Guardian - US

Cop27: Biden says leaders ‘can no longer plead ignorance’ over climate crisis

US president announces plan to cut methane emissions as he urges major economies to ‘step up’ efforts to keep global heating to 1.5C

Benzinga

Nasdaq Surges 100 Points; Crude Oil Rises Sharply

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining 100 points on Friday.

WEKU

Biden tightens methane emissions rules, even as the U.S. pushes for more oil drilling

Oil and gas production is the nation's largest industrial source of methane, the main component of natural gas, and is a key target for the Biden administration as it seeks to combat climate change.

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news in one place.

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Radio France Internationale

France seeks to break Venezuela political deadlock at Paris Peace Forum

French President Emmanuel Macron has indicated he hopes the Paris Peace Forum, opening on Friday, will set the stage to relaunch the stalled dialogue between Venezuelan President Nicolas Maduro and his opponents. The South American nation remains a key OPEC oil producer as countries weather the global energy crisis.

The Conversation

Methane: war and international tensions make cutting potent greenhouse gas emissions harder

US president Joe Biden has announced new oil and gas industry regulations, which his administration claims will plunge emissions of the greenhouse gas methane 87% below 2005 levels. This is part of an update to the Global Methane Pledge, a US-EU initiative announced at COP26, last year’s UN climate summit…

Evening Standard

58 people charged over Just Stop Oil protests on M25, say Metropolitan Police

Over four days environmental activistsclimbed gantries above the motorway, forcing it to close in several places

Evening Standard

Climate activists try to glue themselves to Edvard Munch’s The Scream at Oslo museum

Norwegian organisation Stopp oljeletinga - Norwegian for Stop Oil Exploration - said it was behind the stunt

The Independent UK

Murder accused ‘disposed of Albanian drug farm in oil barrel’, court told

The prosecution previously alleged Mark Brown had used the homemade incinerators to dispose of Leah Ware’s body.

Daily Mirror

Grieving man will 'never forgive' M25 protesters who made him miss dad's funeral

Tony Bambury was on his way to his dad's funeral, where he and his son were due to be pallbearers but Just Stop Oil protestors locked down the M25, leading to him to miss saying a final goodbye to his dad

Birmingham Post

Walkers owner PepsiCo UK says new vehicles will cut 1,200 tonnes of greenhouse gas emissions each year

The US owned food and drinks giant said it was going to replace diesel with hydrogenated vegetable oil in its trucks

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