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The Latest Breaking News from Oil

Calls for Government support on heating oil for Northumberland families as prices spiral

The leader of Northumberland County Council has pointed out the authority is already providing additional support

Chronicle Live

Why could petrol prices rise again soon? Everything drivers should know

Motorists are being warned that the price of petrol could climb again.

Daily Record

A secretive legal system lets fossil fuel investors sue countries over policies to keep oil and gas in the ground – podcast

A new barrier to climate action is opening up in an obscure and secretive part of international trade law, which fossil fuel investors are using to sue countries if policy decisions go against them.

The Conversation

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

First Thing: Biden administration angered by Opec+ oil output cut

Senior figures see decision as slight on US and sign that oil producers’ club is aligning with Russia. Plus, can brown noise help you concentrate?

The Guardian - UK

OPEC's October surprise: Gift to GOP

Who benefits from higher oil prices and a new spike in inflation? Mitch McConnell and Kevin McCarthy, for starters

Salon

Water was once as precious as oil is today: Tirthankar Roy

Economic historian Tirthankar Roy on how we overcame floods and droughts, and the price we paid for it

The Hindu

OPEC+ production cuts pile further pressure on global inflation

The decision by the OPEC+ oil cartel to lower global production to 2 million barrels per day starting in November has prompted the US to dip into its Strategic Petroleum Reserve to dampen prices. An upcoming price cap on Russian oil could also add more inflationary pressure if Moscow decides…

France 24

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Shell’s rapid growth to slow as weaker gas trading hits profits

Europe’s largest oil and gas firm says margins in refining business have nearly halved, hitting third-quarter profits

The Guardian - UK

Petrol prices ‘to rise again’ after oil exports cut by 2m barrels a day

Members of the OPEC decided to make their biggest cut in oil production since 2020

The Independent UK

Lebanon Years Away From Gas Riches Despite Israel Deal, Analysts Say

Lebanon is nearing agreement with Israel over a maritime dispute involving offshore gas fields, but the cash-strapped country still faces an uphill struggle towards unlocking potential hydrocarbon riches, analysts said. "A deal would mark one step forward but it does not mean that Lebanon has become a gas- or oil-producing…

Asharq Al-Awsat

Quick Fix: Skillet Lasagna a comforting fall weeknight meal

I love to make lasagna, but it takes time to make. So, I created this Skillet Lasagna. It has the flavors of my favorite lasagna but takes about 15 minutes to make. It’s perfect for a comforting fall weeknight meal. The lasagna noodles are broken into small pieces, boiled and…

Tribune News Service

Editorial: Poisonous abandoned oil wells are all over North Texas

Tens of thousands of dangerous and abandoned oil wells pierce the Texas landscape.

Tribune News Service

Explainer-Israel, Lebanon closing in on maritime border deal

Lebanon and Israel are closer than ever to signing a deal demarcating their maritime border, opening the door to new oil and gas exploration, after years of U.S.-brokered negotiations.

Reuters

Ducks by Kate Beaton review – powerful big oil memoir

The cartoonist mines her time working in Canada’s oil fields to paint an angry and humane picture of the destructiveness of humankind

The Guardian - UK

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Wales Online

Motorists warned that petrol prices are set to rise again

RAC says its a question of when, not if, prices increase

Asharq Al-Awsat

ADNOC CEO: Policies Aimed at Pulling the Plug on the Current Energy System are Misguided

Energy security is essential for social, economic and climate progress, said Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of Abu Dhabi National Oil Company (ADNOC). Speaking at the Energy Intelligence Forum in London, Dr. Al Jaber said market sentiment does…

Daily Mirror

Drivers warned petrol prices will rise after oil supply slashed by 2m barrels a day

Members of the Organisation of the Petroleum Exporting Countries (Opec) and Russia have agreed to cut oil production by two million barrels per day as part of plans to stabilise prices

Evening Standard

FTSE 100 Live: Oil price holds gains after OPEC move, Imperial Brands plans £1bn buyback

Brent crude futures remained near $93 today as traders evaluated OPEC’s controversial move to cut oil production by two million barrels a day from next month.

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news in one place.

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Asharq Al-Awsat

Saudi Energy Minister Tackles Int’l Press Questions for an Hour

In a nearly-hour long conference, Saudi Energy Minister Prince Abdulaziz bin Salman, who also chairs the OPEC+ joint ministerial committee, tackled world-press inquiries about the future of oil market trends and outcomes of OPEC meetings with a sense of humor and joy. “Enjoy the sun…It’s going to be a sunny…

The Independent UK

What the papers say – October 6

The national mastheads focus on further Tory turmoil and attacks by dangerous dogs.

The Independent UK

Asian stocks mixed on strong US hiring, OPEC oil output cuts

Asian stocks are mixed after strong U.S. hiring dampened hopes the Federal Reserve might ease off plans for interest rate hikes and the OPEC oil production cartel agreed to shore up prices by cutting output

Al Jazeera

US could ease Venezuela sanctions, allow Chevron to pump oil: WSJ

Biden administration preparing to ease sanctions if Caracas takes steps towards restoring democracy, report says.

Axios

Biden's new Saudi strategy

Biden sent a clear signal to the Saudis that he’s prepared to escalate after OPEC's production cut.

The Guardian - UK

World Bank ‘has given nearly $15bn to fossil fuel projects since Paris deal’

A group of 50 NGOs found that bank and subsidiaries had funded oil refinery and gas processing

The Guardian - UK

Biden administration angered by Opec+ oil output cut

Senior figures see decision as a slight on the US and a sign that the oil producers club is aligning with Russia

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