The Latest Breaking News from Oil

Oil spills increase in Venezuela as it revs up output after the U.S. lifted sanctions

After the U.S. lifted its sanctions, Venezuela is trying to revive its beleaguered oil industry. But ramping up production is causing more oil spills.

WEKU · Nov 29, 2023

What is Gasoline's Next Seasonal Move?

It's interesting to note the seasonal leader of the energy sector over the winter is not heating oil or natural gas, but RBOB gasoline.

Barchart · Nov 29, 2023

US sanctions financial network tied to Iranian oil sales

On Wednesday the U.S. Treasure Department imposed a new round of sanctions against a group of 20 people and firms who are allegedly involved in a financial facilitation network for the benefit of the Iranian military

The Independent UK · Nov 29, 2023

COP28: how bad is climate change already and what do we need to do next to tackle it?

As the latest UN climate change summit (COP28) gets underway in Dubai, conversations around limiting global warming to 1.5°C will confront a harsh reality. Global temperatures have surged over the past year, with the monthly global average surpassing 1.5°C above pre-industrial levels during the summer. Some days in November have…

The Conversation · Nov 29, 2023

‘Enough of endless delays’: will Cop28 force a course change for the world?

A potential peak in greenhouse gas emissions, methane efforts and climate finance are among the reasons for optimism

The Guardian - UK · Nov 29, 2023

UAE To Pump CO2 Into Rock As Carbon Capture Debate Rages

High in remote mountains in the oil-rich United Arab Emirates, a new plant will soon take atmospheric CO2 and pump it into rock -- part of controversial attempts to target planet-heating emissions without abandoning fossil fuels.

International Business Times · Nov 29, 2023

COP28 President Denies Using Climate Talks To Push Oil Deals

The Emirati president of the UN climate conference in Dubai denied Wednesday reports that he sought to use his leadership of COP28 to pursue fossil fuel deals for his country.

International Business Times · Nov 29, 2023

Emirati-designated COP28 leader forcefully denies report UAE wanted to seek oil deals in summit

The Emirati president-designate for the upcoming United Nations COP28 climate talks has forcefully denied a report alleging his nation planned to use the summit to strike oil and gas deal, a day before the summit was due to being

The Independent UK · Nov 29, 2023

Raab rejects claim that Johnson’s government was ‘puppet regime’ run by Cummings – as it happened

Giving evidence to the Covid inquiry, former foreign secretary rejects claim by Sajid Javid that Dominic Cummings was running government in 2020

The Guardian - UK · Nov 29, 2023

21 alternative Christmas recipes from top British chefs

From Iberico pork wellington to a Swedish beer cocktail, these recipes will make this year’s Christmas menu one to remember, says Hannah Twiggs

The Independent UK · Nov 29, 2023