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The Latest Breaking News from Oil

Venezuela arrests 21 in corruption crackdown, 11 more wanted

An expanding anti-corruption probe in Venezuela has led to the detention of 10 officials and 11 businessmen, the country's attorney general said on Saturday, adding that arrest warrants for 11 more people have been issued.

Reuters

Aberdeen set to host Tories 'net zero' launch – with Rosebank decision expected

THE UK Government will launch its net-zero strategy in Aberdeen next week, signalling plans to extend drilling for oil and gas.

The National (Scotland)

Leeds Barclays bank sprayed with orange paint in big Just Stop Oil protest

A Leeds bank has been sprayed with orange paint by protestors

Leeds Live

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Iraq Halts Northern Crude Exports after Winning Arbitration Case against Türkiye

Iraq halted crude exports from the semi-autonomous Kurdistan region and northern Kirkuk fields on Saturday, an oil official told Reuters, after the country won a longstanding arbitration case against Türkiye. The decision to stop shipments of 450,000 barrels per day (bpd) of crude relates to a case from 2014, when…

Asharq Al-Awsat

Oil Companies Fail to Convince the Eighth Circuit Climate Cases Should Be Removed to Federal Court (Updated)

The Eighth Circuit joins the First, Third, Fourth, Ninth, and Tenth in rejecting the arguments for removal, but Judge David Stras writes an interesting concurrence.

Reason

Super-tanker anchored off Yemen’s coast ‘may explode at any moment,’ says UN

The FSO Safer, which contains more than a million barrels of oil, was abandoned in 2015 during the Yemen civil war and is now starting to fall apart

Evening Standard

Biden's TikTok, oil moves test the loyalty of young voters

Recent moves by President Joe Biden to pressure TikTok and approve oil drilling in an untapped area of Alaska are testing the loyalty of a young voters

The Independent UK

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Air fryer baked potatoes won't save you money, but they taste delicious

We follow this air fryer baked potato recipe that creates a delicious, crispy skin with perfectly fluffy centre.

TechRadar

America must end its dependence on fossil fuels. Stop the Willow oil-drilling project.

We should be taking steps to reduce oil drilling, with a carbon-fee-and-dividend plan and eliminating subsidies to the oil, natural gas and coal industries.

Chicago Sun-Times

Editorial: Sunlight can help California rein in Big Oil’s greed

After months with little apparent progress, Gov. Gavin Newsom’s proposal to hold the oil industry accountable for high gas prices and deter price gouging is now on a fast track toward passage in the California Legislature.

Los Angeles Times

How to have a vegan Mexican brunch party

Turn brunch into a fully fledged fiesta with these vegan recipes by Club Mexicana’s Meriel Armitage

The Independent UK

SNP coalition with Greens 'could be destroyed if next FM backslides on North Sea oil and gas'

EXCLUSIVE: Scottish Greens co-leader says any reversal of Nicola Sturgeon's shift away from supporting new fossil fuels projects would be 'a retrograde step'.

Daily Record

Intelligence sharing with Venezuela leaves Colombia vulnerable to spying, ex president says

Former Colombian President Ivan Duque warned on Friday that his successor’s decision to share intelligence information with Venezuela leaves his country vulnerable to espionage from Nicolas Maduro’s socialist regime, and could damage the longstanding cooperation between U.S. and Colombian agencies.

Miami Herald

Bangchak doubles down on oil and gas

The age of renewable energy, with electric vehicles (EVs) predicted to dominate the transport sector, has not swayed energy conglomerate Bangchak Corporation Plc from the oil and gas business.

Bangkok Post

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The Independent UK

ConocoPhillips details gas leak cause, remedies at hearing

ConocoPhillips has detailed reasons and remedies following a natural gas leak last year on the North Slope that caused 300 employees to be evacuated

Reuters

Venezuela need for dollars helped spark PDVSA graft probe -sources

Venezuela's need for dollars to shore up its exchange rate and enable government largesse ahead of 2024 elections is among the motives for a crackdown on alleged corruption at state oil company PDVSA, four sources with knowledge of the matter said.

Barchart

Crude Closes Moderately Lower on Economic Concerns

May WTI crude oil (CLK23 ) on Friday closed down -0.70 (-1.00%), and May RBOB gasoline (RBJ23 ) closed down -1.23 (-0.48%). Crude oil and gasoline prices Friday closed moderately lower due to ongoing concerns that the banking turmoil could push the global economy into a recession, undercutting energy demand....

Salon

How the US could phase out fossil fuels

A new report lists 10 policies to constrain polluting infrastructure and achieve key climate goals

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Barchart

Why are Soybean and Livestock Prices Tumbling?

Watch my interview today with AgWeb's Michelle Rook, where we discussed the soybean and livestock markets, as well as Russia's export ban, the Fed's recent rate increase, and a variety of commodity related topics.

Barchart

Economic Concerns Undercut Crude Prices

May WTI crude oil (CLK23 ) this morning is down -1.58 (-2.26%), and May RBOB gasoline (RBJ23 ) is down -3.32 (-1.29%). April Nymex natural gas (NGJ23 ) is up +0.046 (+2.14%). Crude oil and gasoline prices this morning are sharply lower due to ongoing concerns that the banking turmoil...

The Guardian - UK

UK planning to launch watered down net zero strategy in oil capital Aberdeen

Exclusive: Labour decries ‘climate vandalism’ as Aberdeen launch signals intention to boost fossil fuel industry

The Independent UK

Chad nationalizes assets by oil giant Exxon, says government

Chad's government said it was nationalizing all assets from multinational oil giant, Exxon Mobil, including hydrocarbon and exploration permits

The Guardian - UK

Scotland to earn £260m from floating windfarms powering North Sea rigs

Crown estate leases seabed rights to new projects as oil firms look to replace gas and diesel generators

The Conversation

3D-printing the brain's blood vessels with silicone could improve and personalize neurosurgery – new technique shows how

A new 3D-printing technique using silicone can make accurate models of the blood vessels in your brain, enabling neurosurgeons to train with more realistic simulations before they operate, according to our recently published research.

Insider UK

13 projects selected to help decarbonise the North Sea

The latest Crown Estate Scotland leasing round has been designed to power oil and gas platforms with renewable energy

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