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The Latest Breaking News from Oil

L.S Lowry oil painting of the North Sea at Sunderland fetches over £1m at auction

The North Sea, which was signed and dated in 1966, is said to be one of the finest examples of Lowry’s large scale sea paintings

Chronicle Live

Saudi Arabia Condemns Houthi Attack on Yemen Oil Port

Saudi Arabia condemned on Saturday the terrorist attack carried out by the Houthi militias on the southern Al-Dhabba oil port of Yemen's Hadramout province. In a statement, the Saudi foreign ministry said the “escalation” came after the UN-brokered truce in Yemen expired.

Asharq Al-Awsat

Biden Warned of Repeating Nixon’s Mistake

The administration of President Joe Biden is renouncing itself by repeating the mistakes of former President Richard Nixon in positions related to oil and the relationship with Saudi Arabia, according to US media. They warned of the consequences of severe disruption in energy supplies on global political and economic stability,…

Asharq Al-Awsat

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Saudi Arabia, China Stress Importance of Reliable Oil Supplies for Market Stability

Saudi Arabia and China have agreed to cooperate in the field of "peaceful use of nuclear energy" and establish a regional hub for Chinese manufacturers to use the Kingdom's strategic location linking three continents. Saudi Energy Minister Prince Abdulaziz bin Salman held on Friday an online meeting with China’s National…

Asharq Al-Awsat

Inflation protests across Europe threaten political turmoil

Across Europe, soaring inflation is behind a wave of protests and strikes that underscores growing discontent with the spiraling cost of living and threatens to unleash political turmoil

The Independent UK

Try this autumnal feast instead of roast dinner on Sunday

The seasons have changed and so, too, have our appetites. Make the most of autumn’s glorious produce with this menu from David Tanis

The Independent UK

‘Lions’ Prowl West Bank Amid Talk of a New Intifada

In the skies above Nablus, Israeli drones are watching; on the ground, Israeli soldiers block access to the West Bank city as tensions rise amid talk of a new "intifada". Young Palestinians on scooters speed past sellers of everything from olive oil to bras, as they sport the colors of…

Asharq Al-Awsat

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London gangster recalls horrific boiling oil attack that kickstarted his criminal career

Dave Courtney, 63, claims that that he had to kill to stay alive and says he has been shot, stabbed, and had his nose bitten off during his grisly criminal past

Daily Mirror

Yemeni government forces intercept Houthi drones attacking southern oil terminal

Yemen's Saudi-backed government said on Friday its forces had intercepted armed drones launched against a southern oil terminal by Houthi fighters as an oil tanker was preparing to dock.

Reuters

Equities move lower but SET outlook still good

RECAP: Asian and European stocks moved lower yesterday, as US Treasury yields held at the highest level since the global financial crisis of 2008 and investors weighed risks to Chinese markets.

Bangkok Post

Ruling could mean trials against Big Oil over state wetlands

Federal judges have ordered a 9-year-old lawsuit against oil and gas companies over damage to Louisiana wetlands to be returned to state court for trial

The Independent UK

Biden's Plan To Help Taxpayers At The Gas Pump Comes As Strategic Reserves Fall To 1984 Levels

President Joe Biden announced on Oct. 19 the release of 15 million barrels of oil from the strategic petroleum reserve (SPR) due to recent production cuts announced by the OPEC + coalition.

Benzinga

Luke Warford tries to break the Republican hold on the Railroad Commission by focusing on the power grid and climate change

One of three seats on the Texas Railroad Commission, which oversees the oil and gas industry, is up for grabs this election. Democrat Luke Warford is betting his campaign on the issues of electric grid reliability, regulatory enforcement and reducing emissions.

The Texas Tribune

Nigeria's Tinubu: Will remove fuel subsidy, deregulate gas prices if elected

Nigeria's presidential frontrunner Bola Tinubu on Friday promised to remove a fuel subsidy if elected next February, adding that his government would ramp up oil production and deregulate midstream gas prices within six months.

Reuters

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Tribune News Service

New York, New England ration heating oil even before peak winter

The US Northeast is so short on heating oil that the fuel used to power home furnaces is being rationed even before the start of winter.

Axios

Saudis plot energy cooperation with China amid tensions with Biden

It's "a clear rebuke aimed at Washington."

Asharq Al-Awsat

Yemeni Govt Forces Intercept Houthi Drones Attacking Southern Oil Terminal

Yemen's legitimate government said on Friday its forces had intercepted armed drones launched on a southern oil terminal in Hadhramaut province by the Iran-backed Houthi militias as an oil tanker was preparing to dock. A Yemeni government official said Houthi drones attacked al-Dhabba oil terminal, located in the southern town…

The Guardian - UK

Art attack: can vandalism be justified to save the planet?

Letters: Readers on the protest by Just Stop Oil activists who threw soup at a Van Gogh painting in the National Gallery

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Al Jazeera

Turkey accuses US of ‘bullying’ Saudi Arabia over OPEC+ oil cuts

Turkey’s foreign minister slams US for ‘bullying’ Saudi Arabia after OPEC+ announced oil production cuts.

Evening Standard

Just Stop Oil: Sixteen arrests as protestors block road outside Holborn Underground station

Activists have blocked traffic in central London

The Conversation

Just Stop Oil: do radical protests turn the public away from a cause? Here's the evidence

Members of the protest group Just Stop Oil recently threw soup at Van Gogh’s Sunflowers in the National Gallery in London. The action once again triggered debate about what kinds of protest are most effective.

The Independent UK

Just Stop Oil protesters glue themselves to tarmac at central London junction

Police confirmed 16 protesters have been arrested and that the roads have since been reopened.

The Guardian - UK

Just Stop Oil says only threat of death sentence would stop its protests

Climate activists defiant as public order bill aims to curtail civil disobedience tactics

Asharq Al-Awsat

Saudi Energy Minister, Top Chinese Official Stress Importance of Stable Long-Term Crude Supplies

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman and the director of China's National Energy Administration Zhang Jianhua on Friday stressed the importance of stable long-term supplies to crude oil markets, the Saudi state news agency SPA reported. The two agreed to continue cooperation efforts to maintain stability in oil…

Asharq Al-Awsat

EU Weighs Ukraine Support as New Refugee Exodus Beckons

European Union leaders are gathering Friday to take stock of their support for Ukraine after President Volodymyr Zelenskyy warned that Russia is trying to spark a refugee exodus by destroying his war-ravaged country’s energy infrastructure. Nearly eight months into the war, Russia is increasingly targeting Ukraine’s power stations, waterworks and…

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