The Latest Breaking News from Oil

US to hold military exercises with Guyana amid border tensions with Venezuela

The United States announced joint military flight drills in Guyana on Thursday as soaring tensions over a contested oil-rich region with neighbour Venezuela prompted the UN Security Council to call an urgent meeting.

France 24 · Dec 7, 2023

Cop28: highlights and lowlights so far

An update on the first half of the UN climate conference in Dubai, including shock over the host president’s comments

The Guardian - UK · Dec 7, 2023

Mining billionaire Andrew Forrest in scathing attack on oil and gas industry

Australian magnate-turned-green-evangelist says companies that don’t stop burning fossil fuels will have ‘blood on their hands’

The Guardian - AU · Dec 7, 2023

Helping the Pacific financially is a great start – but Australia must act on the root cause of the climate crisis

The federal government has announced an extra A$150 million for climate finance – including $100 million for the Pacific to help protect its people, housing and infrastructure from the escalating impacts of global warming.

The Conversation · Dec 7, 2023

Carbon capture a 'dangerous excuse' for burning more fossil fuels

Week one of the Cop28 climate talks in Dubai heard much about the grand potential of carbon capture and storage technologies (CCS) as dozens of countries push for a broad pact to phase out fossil fuels. While top producers use carbon sequestering as an excuse to keep on burning coal,…

Radio France Internationale · Dec 7, 2023

A record number of fossil fuel representatives are at this year's COP28 climate talks

With a record number of oil, gas and coal representatives at this year's COP28 climate talks, climate scientists worry industry influence could water down language on fossil fuels.

WEKU · Dec 7, 2023

Guyana Army Helicopter Missing Near Tense Border With Venezuela

The long-running dispute over Essequibo, which comprises some two-thirds of Guyanese territory, has intensified since ExxonMobil discovered oil there in 2015.

Latin Times · Dec 7, 2023

US throws weight behind Guyana in territorial dispute with Venezuela

Top US diplomat Blinken reaffirms support for Guyana’s sovereignty as Venezuela threatens to annex its Essequibo region.

Al Jazeera · Dec 7, 2023

Just Stop Oil protests cost police nearly £20million, Met reveals

Some 657 Just Stop Oil activists have been arrested since October, the highest number ever made for mass unlawful disruption, according to the force

Evening Standard · Dec 7, 2023

Stock market today: Asian shares slide after retreat on Wall Street as crude oil prices skid

Shares have fallen in Asia after a retreat on Wall Street as crude oil prices slipped on expectations that supply might outpace demand

The Independent UK · Dec 7, 2023