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The Latest Breaking News from Oil

Record-setting gas prices show California's worsening energy vulnerabilities

LOS ANGELES — California is getting another reminder of the volatility of its energy supply as shutdowns at several oil refineries have sent gas prices soaring, including to all-time highs Monday in Los Angeles.

Los Angeles Times

$Rees-Mogg seeking to evade scrutiny of new fracking projects, email shows$

Rees-Mogg seeking to evade scrutiny of new fracking projects, email shows

Exclusive: Note setting out business secretary’s views looks for ways to accelerate schemes, including streamlining HSE requirements

The Guardian - UK

U.S. asks Congo to pull some oil blocks from auction to protect forests

U.S. climate envoy John Kerry has asked Democratic Republic of Congo to withdraw some of the oil blocks it has put up for auction in order to protect forests, he said on Tuesday on the sidelines of a climate conference in Kinshasa.

Reuters

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Best anti-cellulite formulas for a sleeker silhouette: Creams, serums and oils

Help tackle dimpled skin and bumpy bits with these toning body treatments

Evening Standard

Ugandan opposition figure Bobi Wine objects to oil pipeline

Ugandan opposition figure Bobi Wine says that a planned pipeline to export oil is likely to entrench the long rule of President Yoweri Museveni

The Independent UK

Capping Russia's oil profits could keep oil flowing to global markets at a reasonable cost while slashing Putin's war funding

The world as we know it cannot function without oil, giving oil-producing countries an advantage economists call market power. Nations that produce oil are able to set the price, while countries that rely on oil have little choice but to buy it at prices determined by the seller.

The Conversation

Aramco CEO: Securing Buffer Spare Capacity Not Saudi Arabia's Responsibility Alone

Saudi Aramco Chief Executive Amin Nasser on Tuesday said that spare capacity in the oil market stands at 1.5% of global demand, adding that providing a buffer of spare capacity was not the responsibility of Saudi Arabia alone. "(The market is) focusing on what will happen to demand if a…

Asharq Al-Awsat

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Geologist whose 2013 discovery 'revolutionized' North Slope oil exploration lays plans to drill again this winter

The risk-taking geologist who discovered a giant Alaska oil field in 2013 that companies had long overlooked is taking another stab at exploration drilling on the North Slope, this time on federal land west of existing development.

Tribune News Service

Easy everyday dinners from the Middle East

If the flavours of the Middle East are your jam but you are short on time and cash, give these recipes a whirl, says Hannah Twiggs. Three yummy dishes, two new cooking methods, one region, zero stress

The Independent UK

The Nord Stream pipelines have stopped leaking. But the methane emitted broke records

The Nord Stream pipeline leak might be the single largest release of methane, a powerful greenhouse gas. Experts say it pales in comparison to ongoing methane emissions from the oil and gas industry.

WEKU

U.S. Treasury seeks phased G7 oil sanctions as EU ban looms

G7 sanctions on Russia will target its oil and products in three phases, senior U.S. treasury official Ben Harris said on Tuesday, as the bloc seeks to limit unintended economic damage while curbing Moscow's funds to wage war in Ukraine.

Reuters

French refinery strike continues at four sites for eighth day

Strikes have disrupted TotalEnergies' oil products refining and delivery for an eighth day, with four of its French plants hit by continuing industrial action by workers, a CGT trade union representative told Reuters.

Reuters

Why Oil-Related Stocks Traded Higher; Here Are 74 Biggest Movers From Yesterday

Gainers LogicBio Therapeutics, Inc. (NASDAQ: LOGC) shares surged 637.6% to close at $2.01 on Monday after the company announced it will be acquired by AstraZeneca's subsidiary, Alexion, for $2.07 per share.

Benzinga

Why Bitcoin Mining Is Terrible For The Environment

Bitcoin mining is more damaging than beef production and almost as environmentally unsustainable as crude oil, according to new research. The digital currency is causing more damage to the climate over time, scientists at the University of New Mexico warn.

Zenger

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Asharq Al-Awsat

Yemeni Source Refutes Houthi Claims about Truce

A Yemeni government source refuted the claims made by the Iran-backed Houthi militias about the nationwide truce that expired on Sunday without another extension. It stressed that the government, since the moment the truce was declared in April, sought to deal positively with all international efforts and initiatives to end…

The Conversation

The magnificent Lake Eyre Basin is threatened by 831 oil and gas wells – and more are planned. Is that what Australians really want?

The heart-shaped Lake Eyre Basin covers about one-sixth of Australia. It contains one of the few remaining pristine river systems in the world.

Salon

Cars among main causes of oil in oceans

Cars and highways are among the top contributors to ocean oil pollution, study finds

The Independent UK

Rob Beckett ends up ‘accidentally leading’ Just Stop Oil protest in hilarious TikTok video

‘I got to the front and then they started filming me and it looked like I was leading the march,’ comedian said

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ABC News

ASX surges in best session in two years after RBA rate rise, Wall Street and oil prices rally

Australian shares mark their biggest intraday jump in two years, tracking a strong performance on Wall Street.

ABC News

Future gas exploration in Lake Eyre could upset the 'greatest desert river system in the world' forever

The gas industry has been mining Australia's Lake Eyre Basin for decades, but possible future extraction techniques like fracking could devastate its fragile ecosystem.

Chicago Sun-Times

Russian court will hear Brittney Griner’s appeal on Oct. 25

Griner, an eight-time all-star center with the WNBA’s Phoenix Mercury and a two-time Olympic gold medalist, was convicted Aug. 4 after police said they found vape canisters containing cannabis oil in her luggage at Moscow’s Sheremetyevo Airport.

The Guardian - AU

Fossil fuels in schools: industry faces pushback in fight for hearts and minds of next generation

Business efforts to get pro-fossil fuel material into classrooms experience opposition due to role in climate change

The Independent UK

Olympian among Extinction Rebellion activists who deny tampering with oil tanker

The alleged incident took place on April 16 this year.

Benzinga

S&P 500 Surges 2%; Crude Oil Rises Sharply

U.S. stocks extended gains midway through trading, with the Dow Jones gaining more than 600 points on Monday.

The Guardian - UK

‘Significant risk’ of winter gas shortages in Great Britain, warns Ofgem

Electricity-producing firms ask regulator to change rules that could penalise them if gas supplies run out

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