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The Latest Breaking News from Oil

Cop28 president denies on eve of summit he abused his position to sign oil deals

Sultan Al Jaber calls allegations false as the United Arab Emirates prepares to host the biggest Cop meeting yet

The Guardian - UK

Crude Advances Ahead of Thursday's OPEC+ Meeting

January WTI crude oil (CLF24 ) this morning is up +0.71 (+0.93%), and Jan RBOB gasoline (RBF24 ) is up +0.0105 (+0.48%). Crude oil and gasoline prices this morning are moderately higher. Crude has support on signs of U.S. economic strength after U.S. Q3 GDP expanded more than expected. Also,...

Barchart

COP28 President Al Jaber denies allegations of using climate summit to strike fossil fuel deals

COP28 President-designate Sultan Al Jaber described as “false” reports earlier this week that alleged the UAE, planned to use climate talks to further oil and gas deals

The Hindu

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read the most diverse news in one place.

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

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

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

Can Energy Transfer (ET) and Geospace Technologies (GEOS) Heat up Your Portfolio in December?

Tight supplies in the near term and the expected rise in demand for oil and gas in the long term will boost oil and gas prices, boosting the prospects of energy companies. Therefore, buying fundamentally strong energy stocks, Energy Transfer (ET) and Geospace Technologies (GEOS) could be wise. Read more….

StockNews.com

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Here’s a question Cop28 won’t address: why are billionaires blocking action to save the planet?

It’s obscene that the super-rich can criminalise protest, while they burn the world’s resources and remain untouched by the law, says Guardian columnist George Monbiot

The Guardian - UK

Google now powering data centers with geothermal energy harvested using oil drilling techniques

A collaboration between Google and geothermal energy innovator Fervo uses modern oil/gas drilling techniques to harness round-the-clock clean geothermal energy.

Tom’s Hardware

Preacher convicted of fraud over bogus Covid cure loses appeal

Climate Wiseman was found guilty after selling ‘plague protection oil’ to his followers.

The Independent UK

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

‘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

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

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

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The Independent UK

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 Guardian - UK

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 Independent UK

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

Kuwait's ruling emir, 86, was hospitalized due to emergency health problem but is reportedly stable

The ruling emir of oil-rich Kuwait has been hospitalized “due to an emergency health problem” but later was in stable condition

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news in one place.

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The Guardian - UK

What is Cop28 and why does it matter?

UN climate summit begins in Dubai on 30 November and will readdress finance for loss and damage

International Business Times

COP28 Puts Out Welcome Mat To Lobbyists

"All views are welcome. All views are needed," declared Sultan Al Jaber, president of the UN's COP28 and head of the Emirates state oil and gas company in the run-up to the climate talks in Dubai.

AAP

Protesters take stand against fracking in outback

A joint rally outside Queensland parliament has called on an end to oil and gas exploration in the remote Channel Country rivers by the end of the year.

The Guardian - UK

Deal to keep 1.5C hopes alive is within reach, says Cop28 president

Exclusive: Sultan Al Jaber says progress means ‘unprecedented outcome’ is possible

The Independent UK

Climate contradictions key at UN talks. Less future warming projected, yet there's more current pain

Experts say the world is heading for considerably less warming than projected a decade ago, but that good news is overwhelmed by much more pain from current climate change than scientists anticipated

The Independent UK

US gas prices have fallen or remained steady for 10 weeks straight. Here's why

It’s not just you

The Guardian - AU

No wok? No worries: Alice Zaslavsky’s vegetarian snow pea stir-fry with tempeh ‘mince’ and chilli oil

If you’ve ever been cursed with a soggy stir-fry, the cookbook author advocates a blanch-and-batch approach that works wonders in her easy vegan spring-summer recipe

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