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The Latest Breaking News from Oil

House Republicans launch probe of Biden’s oil reserve release

WASHINGTON — House Republicans are launching an investigation into what they say could be the “potential misuse” by the Biden administration of the nation’s emergency oil reserves to lower gasoline prices, as well as White House deliberations over a fuel export ban.

Tribune News Service

Businessman 'blinded by attraction' fights to claw back £200,000 he gave to Tinder lover

Oil industry consultant Marcel Kooter, 61, said he was 'blinded by attraction' when he agreed to transfer the money to Manuela Radeva, who he had met online

Daily Mirror

As invasion of Ukraine continues, western nations need to tax war profiteers’ windfalls

Households and businesses hit by higher prices caused by the conflict should be helped by companies that have benefited

The Guardian - UK

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Just Stop Oil: TfL pursues legal action against 180 eco-activists over road protests

Lawyers representing Transport for London said that since the start of October ‘protest activity’ has ‘very largely focused’ on the capital’s roads

Evening Standard

The Guardian view on Shell’s profits: enabling climate and inequality emergencies

Editorial: Britain is in trouble if Rishi Sunak says it’s difficult to choose between cutting public services and taxing excessive energy profits

The Guardian - UK

World close to ‘irreversible’ climate breakdown, warn major studies

Key UN reports published in last two days warn urgent and collective action needed – as oil firms report astronomical profits

The Guardian - UK

Oil giant Shell posts extra profit while households struggle to pay energy bills

Shell is on course for its most profitable ever year and made more than double the profit it did for the same period last year

Chronicle Live

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Just Stop Oil protester tries to glue face to Vermeer’s Girl with a Pearl Earring

A Just Stop Oil protester has attempted to glue his face to Vermeer’s priceless painting Girl with a Pearl Earring in a Dutch museum.

Evening Standard

Vedanta gets 10-year extension for Rajasthan oil block

NEW DELHI: Billionaire Anil Agarwal's Vedanta has got a 10-year extension of the licence for its prolific Rajasthan oil block till May 14, 2030, the firm said in a stock exchange filing on Thursday.

The Times of India

How India is snapping up cheap crude oil as West tightens Russia sanctions

NEW DELHI: Oil refiners in India are buying crude oil at cheaper rates by entering term deals with other countries amid concerns that tighter sanctions from the West on Russia could curb future supplies.

The Times of India

Crisis-stricken Cuba torn between ally Russia, neighbor U.S.

Hurricane Ian caused an island-wide blackout when it tore through western Cuba in late September

The Independent UK

Just Stop Oil activist tries to glue own head to Girl with a Pearl Earring

Protester at The Hague’s Mauritshuis says Vermeer painting protected and fine unlike ‘future of our children’

The Guardian - UK

Adobe, Costco And 2 Other Stocks Insiders Are Selling

US crude oil futures traded lower this morning on Thursday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Celebrity surgeon recalls Mali kidnap drama

Celebrity surgeon Nopparat Rattanawaraha on Thursday described drinking oily pond water to survive during three weeks of captivity at the hands of gun-toting kidnappers in Mali.

Bangkok Post

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The Independent UK

Why are energy companies’ profits doubling in a cost of living crisis?

Shell’s takings hit £8.2bn in third quarter as domestic bills soar

Daily Mirror

Ashley Graham raves about this £42 body oil that she swears by for her supermodel routine

Some customers have even noticed results to their skin in as little as three days

Evening Standard

Watch: Just Stop Oil blockade roads around Mansion House Tube station during rush hour

Just Stop Oil has blockaded the area around Mansion House tube station during rush hour in its latest protest action. The eco group said 31 of its activists began blocking Cannon St, Queen Victoria St and Garlick Hill from 9am. It said some have glued themselves onto the tarmac and…

The Independent UK

What is hashish oil and how did it land Brittney Griner in a Russian jail?

Griner pleaded guilty to drug charges on 7 July

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Evening Standard

The Standard View: The case for a windfall tax extension grows stronger

Despite the cost-of-living crisis, Just Stop Oil protests and an eerily warm autumn, this is a propitious time to be an oil and gas giant. Shell has announced that its adjusted earnings have more than doubled to £8.3 billion in the three months to the end of September, compared with…

The National (Scotland)

Calls for 'meaningful' windfall tax as energy giant's profits soar

THE Scottish Greens have called for a more “meaningful” windfall tax as Shell reported its second highest quarterly profit on record.

Radio France Internationale

NGOs launch legal battle against French bank BNP over fossil fuel investment

BNP Paribas has been urged to cease its support for the expansion of fossil fuels by three NGOs who are threatening the banking giant with unprecedented legal action. The move came on the eve of the annual Climate Finance Day, hosted in Paris.

Evening Standard

£8bn Shell profits fuel new windfall tax call

Pressure on PM to act after £1,000-a-second profits as families face up to winter crisis

Daily Record

Ayrshire Roads Alliance boost environment - by using vegetable oil to fuel vehicles

The Ayrshire Roads Alliance (ARA) has announced that almost all of its fleet of vehicles will now be running on hydro treated vegetable oil (HVO) - instead of diesel.

Manchester Evening News

Shell reports more than double profits as shareholders get huge payout

The oil giant previously promised that 2022 would be its most profitable year ever

Tribune News Service

Editorial: Biden’s economic record an albatross for Democrats

As the November election looms, Democrats are in desperation mode, particularly as inflation and high gasoline prices dog voters as they cast their ballots. The president’s response has been to deny reality.

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