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The Latest Breaking News from Oil

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

Protesters with eco group blockade traffic on Cannon Street near Mansion House Tube

Evening Standard

Shell 3Q earnings double, stir debate on energy profit tax

Shell’s earnings have more than doubled in the third quarter

The Independent UK

Whether gas prices are up or down, don't blame or thank the president

Prices at the pump are falling, which is welcome news for Democrats this election season. But politicians have very limited control over energy costs.

WEKU

From analysis to the latest developments in health,
read the most diverse news in one place.

Raging over spilt milk: behind the scenes of Animal Rebellion

Whether it’s activists gluing themselves to roads or upending supermarket dairy products, radical climate protests are everywhere. Tom Ellen talks to the campaigners — and police — to find out what goes into these acts… and how much it’s all likely to achieve

Evening Standard

Ukraine war to speed shift to green energy, IEA says

Energy crisis is leading to policy changes and more investment in green energy amid sanctions on Russia’s supplies.

Al Jazeera

Russia's Sechin says Taiwan will return to China 'on schedule'

Igor Sechin, chief executive of Russian oil giant Rosneft and one of Vladimir Putin's closest allies, on Thursday heaped praise on China's leaders and said Taiwan would return to its "native harbour" on time.

Reuters

Shell boasts profits of £8.2bn in three months as energy crisis continues

The oil and gas company made huge profits through its gas business, which offset the fall in oil prices

Wales Online

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Shell more than doubles third-quarter profit as energy bills soar

OIL giant Shell added almost $10 billion in extra profit as gas prices remained high.

The National (Scotland)

Rishi Sunak and Jeremy Hunt will examine extending windfall tax, says Cabinet minister Nadhim Zahawi

It comes after Shell announced it had added $10 billion in extra profit to its balance sheet

Evening Standard

Shell paid zero windfall tax in UK despite record global profits

Labour calls for ‘proper windfall tax’ on oil and gas while TUC describes profits as ‘obscene’

The Guardian - UK

Three Halloween recipes for grownups

These spooky serves are perfect for a civilised Halloween bash

The Independent UK

Shell says it has not paid any windfall tax; European Central Bank hikes rates by 75 basis points – as it happened

Oil giant expects not to pay levy in 2022 because of North Sea investment relief; ECB doubles key interest rate to highest level in over a decade

The Guardian - UK

Shell profits more than DOUBLE to huge £8billion as Brits struggle against sky-high bills

Shell profits more than doubled to $9.45billion (£8billion) between July and September - up from the $4.2billion the energy giant recorded the same time last year

Daily Mirror

Comfort food recipes that are actually good for you

River Cottage’s Hugh Fearnley-Whittingstall wants to do away with the perception that the food we love can’t also be good for us. Prudence Wade tests this theory with these recipes from his new cookbook

The Independent UK

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Asharq Al-Awsat

First batch of New Saudi Oil Grant to Yemen Arrives in Aden

The first batch of the Saudi oil derivatives grant, worth $200 million, arrived in Aden on Wednesday. The grant comes as an extension of Saudi Arabia’s continuous support to the Yemeni people under the directives of King Salman and Crown Prince Mohammed Bin Salman. Yemenis are hopeful that the grant…

The Guardian - UK

‘Monstrous’ east African oil project will emit vast amounts of carbon, data shows

Experts say crude oil pipeline from Uganda to Tanzania will produce 25 times host nations’ combined annual emissions

Reuters

Western officials finalizing plans for Russia oil-price cap

U.S. and Western officials are finalizing plans to impose a cap on Russian oil prices amid a warning from the World Bank that any plan will need active participation of emerging market economies to be effective.

The Conversation

Out of bounds: how much does greenwashing cost fossil-fuel sponsors of Australian sport?

High-profile Australian athletes and supporters across sports such as cricket, netball and Australian Rules football have recently called for their sports to reconsider their partnerships with fossil fuel or mining companies.

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news in one place.

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Evening Standard

Who is Last Generation? The climate activists who threw potatoes at Monet

Protest comes nine days after Just Stop Oil threw tomato soup over Vincent van Gogh’s Sunflowers painting

StockNews.com

3 Top Energy Stocks to Get Bullish on Fast

The OPEC+ oil output cuts amid rising global demand might increase oil prices. And given significant investors’ attention in the energy sector this year, we believe investing in Marathon Petroleum (MPC), Valero Energy (VLO), and APA Corporation (APA) could garner steady returns. Read on.

AAP

Resource firms 'using sports to greenwash'

Coal, gas and oil companies are greenwashing their images with sports sponsorships worth up to $18 million a year, a new report says.

Benzinga

Dow Jumps Over 300 Points; Crude Oil Rises Sharply

U.S. stocks traded mostly higher midway through trading, with the Dow Jones gaining more than 300 points on Wednesday.

The Independent UK

Saudi oil giant Aramco unveils $1.5B sustainability fund

Saudi energy company Aramco has unveiled a $1.5 billion fund for sustainable investments, part of efforts to burnish the state-owned company’s green credentials

The National (Scotland)

Sunak urged to end new North Sea drilling after fracking U-turn

RISHI Sunak has been urged to ban new oil and gas developments in the North Sea after he reversed Tory plans to give a green light to fracking.

The National (Scotland)

Scottish Just Stop Oil activists target luxury London car showrooms with orange paint

Carmen Lean, 28, and Emma Brown, 31, both from Glasgow, said that their protest was a demand to the UK Government to stop pushing through oil…

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