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The Latest Breaking News from Oil

MANILA: The Philippines has sought help from Japan and the United States as authorities struggle to contain and clean up an oil spill 10 days after a tanker sank.

Bangkok Post

Saudi Arabia and Iran ease Mideast rift that rattled oil

Iran and Saudi Arabia agreed to restore diplomatic ties under a deal facilitated by China, easing a geopolitical rivalry in the Persian Gulf and highlighting Beijing’s growing influence in the region.

Tribune News Service

Biden officials back Alaska oil project that critics call a climate catastrophe

The Biden administration has decided to authorize a mammoth ConocoPhillips oil project in northwest Alaska, rejecting arguments from environmental activists who insist it will exacerbate climate change, according to people familiar with the matter.

Tribune News Service

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Can TikTokkers sway Biden on oil drilling? The #StopWillow campaign, explained

The Biden administration is expected to announce whether a $6 billion arctic drilling plan can move forward soon, an issue that's galvanized millions of TikTokkers into taking action, digitally.

WEKU

Regulators cut pressure on pipeline after Kansas oil spill

U.S. government regulators have stopped allowing a large part of the Keystone oil pipeline to operate at higher-than-normal pressures following a massive oil spill in northeastern Kansas in December

The Independent UK

Asia follows Wall Street down, SET falls below 1,600

RECAP: Asian shares slumped on Friday, with the SET closing below 1,600 points, following a sharp decline on Wall Street amid concern that pockets of trouble in the US banking sector could portend broader dangers.

Bangkok Post

Rivals Saudi Arabia and Iran restore ties, with China's help. Here's why it matters

Saudi Arabia and Iran are restoring full diplomatic relations in a deal brokered by China, a move that could reduce tensions in the region and that asserts China's growing influence in the Gulf.

WEKU

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In rift with Biden, Manchin vows to block oil, gas nominee

In a sign of a deepening rift among Democrats on energy issues, conservative Democratic Sen. Joe Manchin says he will not move forward on President Joe Biden’s nominee to oversee oil and gas leasing at the Interior Department

The Independent UK

Al Gore warns it would be ‘recklessly irresponsible’ to allow Alaska oil drilling plan

Ex-vice-president says new projects ‘are a recipe for climate chaos’ ahead of Biden administration’s decision on Willow development

The Guardian - US

BP boss earns 172 times more than average employee as his pay doubles

Bernard Looney’s total pay packet increased from around £4.5m to about £10m

Wales Online

Iran, Saudi Arabia agree to re-establish relations after years of tensions

Iran and Saudi Arabia on Friday agreed to reestablish diplomatic relations and reopen embassies after years of tensions between the two countries, including a devastating attack on the heart of the kingdom's oil production attributed to Tehran.

France 24

Iran and Saudi Arabia agree to resume relations after years of tension

Iran and Saudi Arabia on Friday agreed to reestablish diplomatic relations and reopen embassies after years of tensions, including a devastating attack on the heart of the kingdom's oil production.

WEKU

The real meaning behind little-known car warning lights as disruption likely

Millions of motorists are at risk of forking out thousands of pounds on car repairs by failing to identify car warning lights, a new study on vehicles has revealed.

Edinburgh Live

BP CEO pay doubles to $12M as high energy costs surge profit

Total pay for BP’s CEO more than doubled to $12 million last year

The Independent UK

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The Guardian - US

Texas youth organizers take aim at the biggest oil field in the US

Proposed El Paso climate charter seeks to prohibit use of city water for extraction projects including those in Permian Basin

Evening Standard

Best joint supplements for dogs to keep them healthy and strong

Ruff and tumble

The Guardian - UK

Doubling of BP boss pay to £10m is a ‘kick in the teeth’, say campaigners

Bernard Looney’s bumper pay package follows annual profits of £23bn linked to soaring gas prices sparked by Russia-Ukraine war

Asharq Al-Awsat

Oil Headed for Worst Weekly Drop since Feb on US Slowdown Fears

Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States slowing economic growth and hitting fuel demand. Brent dipped 39 cents, or 0.5%, to $81.20 a barrel by 0745…

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Evening Standard

Just Stop Oil activists accused of £100,000 damage in Treasury red paint stunt

Three Just Stop Oil protestors are accused of causing more than £100,000 of damage when red paint was daubed on the Treasury.

The New Daily

‘Actually a fraud’: NSW Treasurer unleashes on independent

NSW Treasurer Matt Kean says an independent candidate in the NSW election is a fake who deserves to have her T-shirts "smeared in black oil".

Bangkok Post

Project scales up bio-based oil

BBGI Plc, SCG Chemicals Plc and QTC Energy Plc have signed a commercial collaboration agreement to jointly develop and manufacture bio-based transformer oil in a production trial said to be the first of its kind in Thailand.

The Independent UK

Ukraine’s leading campaigner against Russian fossil fuels refused entry to top US energy conference

Svitlana Romanko travelled from her home in Ivano-Frankivsk, western Ukraine, to Houston, Texas before being denied entry to the event

The Independent UK

UN signs deal to salvage stranded oil from tanker off Yemen

The United Nations says it has signed an agreement to purchase a very large vessel that can transfer more than 1 million barrels of crude now stranded in a rusting old tanker off the coast of war-torn Yemen

Daily Mirror

Experts warn against viral hack for defrosting windscreen as it may result in hefty fine

Driving experts have warned against a social media craze showing how to defrost vehicle windows using a popular oil as it could result in costly consequences for your motor

The Guardian - UK

Shell’s van Beurden gets lucky. Harbour Energy doesn’t

Former CEO did handsomely on the back of high oil and gas prices while the windfall levy hits the small players harder

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